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
www.lexpert.ca 21 advanced machine vision components and systems, announced an agreement to sell its imaging division (Matrox Electronic Systems Ltd.) to Zebra Technologies Corporation, a global leader in automatic identification and data capture, for $875 million. e Matrox Video division (Matrox Graphics Inc.) is not part of the transaction and will remain under the ownership of Matrox president and co-founder Lorne Trottier, as it continues to pursue its successful growth path through ongoing innovation and development of its award-winning video technology products. e head offices of the Matrox video division and the Matrox imaging division will remain in Montreal. e transaction is expected to close in 2022. Stikeman Elliott LLP acted as counsel to Matrox, with a team that included Pierre-Yves Leduc, Karine Bilodeau, Jeff Li, Francis Blais- Lord, Genevieve Paradis, Chelsea Pellegrino, Mathilde Mercier (corporate), Eric Levesque, Nicholas Blach (tax), Bertrand P. Ménard (real estate), Justine Whitehead (IP), Charif El-Khouri (employment), Mark Firman, and Sagar Darar (benefits). SANCTUARY COGNITIVE SYSTEMS CORPORATION CLOSES $75.5 MILLION SERIES A FUNDING CLOSING DATE: MARCH 2, 2022 Sanctuary Cognitive Systems Corporation, a company focused on creating the world's first human-like intelligence in general-pur- pose robots, announced on March 2, 2022 the successful closing of an oversubscribed $75.5 million (US$58.5 million) Series A funding. Investors include Bell, Evok Innovations, Export Development Canada, Magna, SE Health, Verizon Ventures, and Workday Ventures. Stikeman Elliott LLP served as legal counsel to Sanctuary Cognitive Systems Corporation with a team led by Samantha G. Horn. KINOVA RAISES $60 MILLION FUNDING FOR EXPANSION INTO INDUSTRIAL AUTOMATION MARKET CLOSING DATE: FEBRUARY 2, 2022 On February 2, 2022, Kinova®, a leading privately held developer of robotic solu- tions in the medical and industrial markets, announced the closing of investments totaling $40 million ($US 32 million), led by Graham Partners with the participation of Export Development Canada (EDC), and a $20 million ($US 16 million) deal with the government of Canada under the Strategic Innovation Fund (SIF). e funding will be used to accelerate the development and commercialization of Kinova's solutions and to augment engin- eering resources to meet the demands of global customers. e new products for the indus- trial markets will be announced later in 2022. Stikeman Elliott LLP acted as legal counsel to Kinova with a team that included Samantha G. Horn, Julien Robitaille- Rodriguez, Rona Ghanbari, and Stefan Vrinceanu. KEYLOOP ACQUIRES DMS PROVIDER SERTI CLOSING DATE: FEBRUARY 1, 2022 Keyloop, a global automotive retail tech- nology provider, acquired SERTI, a leading provider of dealer management systems (DMS) in Canada. In addition to its leading DMS solutions, SERTI provides technology solutions, including complementary appli- cations and a service digitalization suite, to over 1,000 car dealerships across Canada. e transaction closed on February 1, 2022. Stikeman Elliott LLP acted as legal counsel to Keyloop, with a team that included Sophie Lamonde, Kevin A. Custodio, John R. Laffin, John Lee, Wei Yan, Gabrielle Ross, Anna Arapovic, Ben Buckler, Melody Gateretse, Yoann Le Guehennec (corporate), Éric Lévesque, Philippe St-Hilaire (tax), Hélène Bussières, Charif El-Khouri, Jackie Ferreira (employment), Mark Ferreira, Madison Sutherland (benefits), Jonathan Auerbach, Wesley Richard Ng, Genevieve Paradis (IP / IT), Michael Kilby, David Feldman (competition), and Stephan Fews (real estate). BEHAVIORAL HEALTH PROVIDERS MERGE IN CLOUDMD'S $116-MILLION ACQUISITION OF MINDBEACON CLOSING DATE: JANUARY 14, 2022 On January 14, 2022, CloudMD completed the $116-million acquisition of MindBeacon, one of the first commercially available, digitally native platforms offering therapist-assisted internet-based cognitive behavioral therapy in Canada. e acquisition will integrate MindBeacon's mental health services into CloudMD's comprehensive integrated health services platform, creating a fully integrated health offering. e transaction will drive expansion in the US and provides a combined network of 5,500 corporate clients. Osler, Hoskin & Harcourt LLP advised MindBeacon with a team consisting of Shahir Guindi, Alex Gorka, Marisa Corona, Bhavish Beejan (corporate), David Davachi, Taylor Cao, Irene Kang (tax), and Susan Newell (health). Cassels Brock & Blackwell LLP acted as legal counsel to CloudMD with a team that