The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.
Issue link: https://digital.carswellmedia.com/i/1470136
Big Deals COMPILED BY ZENA OLIJNYK AND KIEZZSA CRUZ > TECH AND HEALTH SCIENCES DEALS HEALTH AI START-UP SIGNAL 1 PARTNERS WITH UNITY HEALTH TORONTO AND TD BANK GROUP ANNOUNCEMENT DATE: APRIL 25, 2022 On April 25, 2022, Signal 1 announced strategic collaborations with Unity Health Toronto, a leading health network in Ontario, and TD Bank Group (TD) and its world-leading applied AI division, Layer 6. Launched with US$10 million in seed financing led by iNovia Capital and participated in by TD, AI pioneer Geoffrey Hinton, and Radical Ventures, Signal 1 is a health AI start-up with a mission to transform patient care through responsibly deployed AI. rough its collaboration with Unity Health, Signal 1 will build on leading-edge AI systems already in use by clinicians at St. Michael's Hospital, part of Unity Health. Signal 1's agreement with TD will provide US$4 million in seed financing from TD and will enable the venture to leverage the AI technolog y platform that has been developed by TD's Layer 6 team. Osler, Hoskin & Harcourt LLP advised Signal 1 with a team consisting of Chad Bayne, Justin Dharamdial, Ryan Unruch, Jennifer Humphrey, Ferial Fekri (emerging and high growth companies), Simon Hodgett, Sam Ip (technolog y), Steven Dickie, Ksenija Novakovic (employment & labour), A lan Kenigsberg (tax), Nik Popovski, and Shira Dveris (articling student) FIRST CREDITORS SELLS IFINANCE CANADA TO QUEBEC-BASED ICEBERG FINANCE CLOSING DATE: APRIL 4, 2022 First Creditors Inc. sold all shares of iFinance Canada to Inc. to Quebec-based Iceberg Finance Inc. in a deal that closed on April 4, 2022. e acquisition doubled Iceberg Finance's business volume and secured its spot in the top 10 players in Canada's specialty financial services industry, according to a press release. Headquartered in Toronto, iFinance Canada offers consumer loans for cosmetic and dental procedures, and other small-ticket items related to pets and home improvements. Iceberg Finance Inc. is a FinTech company offering alternative financing solutions in the automotive, insurance products, extended warranties, and personal loans sectors. Stikeman Elliott acted as counsel to First Creditors Inc. with a team that included Timothy McCormick, Alethea Au, Rona Ghanbari, Anabel Hallewell, Jorge Caicedo (corporate / M&A), Peter Hamilton, Elizabeth Labrie, Andie Lipetz (banking), Adam Drori, Genevieve Beebe (tax), Khalfan Khalfan, Mark Firman, Madison Sutherland (employment / benefits), Wesley Ng, Sara Shayan (IT / privacy), Jonathan Auerbach (IP), Christina Catenacci, Beatrice Lorusso, Marco Garcia, Maria Chantzis and Jamie Bockus (clerks / paralegals). McCarthy Tétrault assisted the share- holders of Iceberg Finance Inc. with a team led by Philippe Leclerc that included Valerie Trudeau, Mireille Trottier, Francois Dupuis, Daanish Pasricha, Marie-Josee Nadeau (busi- ness), and Ana Badour (financial services). NEIGHBOURLY PHARMACY INC. COMPLETES $270 MILLION OFFERING OF SUBSCRIPTION RECEIPTS CLOSING DATE: MARCH 18, 2022 On March 18, 2022, Neighbourly Pharmacy Inc., a fast-growing network of independent pharmacies, completed its previously announced public offering and concur- rent private placement to an affiliate of Persistence Capital Partners of subscription receipts for gross proceeds of approximately $270 million, including the full exercise of the underwriters' over-allotment option. e offering was completed through a syndicate of underwriters led by Scotiabank and RBC Capital Markets. Proceeds will fund a portion of the acqui- sition deal announced on March 10, 2022 in which Neighbourly will buy all shares of the retail pharmacies network known as Rubicon Pharmacies. e acquisition deal is expected to close in the second quarter of the same year. Stikeman Elliott LLP acted as counsel to Neighbourly Pharmacy Inc. with a team that included Robert Carelli, Amélie Métivier, Antoine Champagne, Francis Blais-Lord, Melisa Demir (capital markets), Nicholas Blach (tax), Sabina Delvecchio (securities clerk), Ioana Simionescu (articling student), and the Montreal translation team MATROX ANNOUNCES SALE OF IMAGING DIVISION TO ZEBRA TECHNOLOGIES CORPORATION ANNOUNCEMENT DATE: MARCH 15, 2022 On March 15, 2022, Matrox, a developer of 20 www.lexpert.ca