LEXPERT MAGAZINE
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MARCH 2016 17
INDUSTRY ANALYSIS
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CORPORATE TRANSACTIONS OF IMPORTANCE
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and by Stephen Hull, William Holyoak,
Michael McCarthy, Nicholas Greenwood,
as well as several other lawyers, of Parsons
Behle & Latimer.
BAYBRIDGE SENIORS
HOUSING INC. ACQUIRES AMICA
MATURE LIFESTYLES INC.
CLOSING DATE: DECEMBER 17, 2015
On December 17, 2015, BayBridge Seniors
Housing Inc. (BayBridge), a wholly owned
subsidiary of the Ontario Teachers' Pension
Plan Board, completed the acquisition of
Amica Mature Lifestyles Inc. (Amica) pursu-
ant to a statutory plan of arrangement under
the CBCA for approximately $1 billion,
including debt assumed. Amica is involved
in the design, development, marketing,
management and ownership of luxury sen-
iors residences, with 25 Amica Wellness &
Vitality™ Residences in operation in Ontario,
British Columbia and Alberta. BayBridge is
an innovative owner and operator of seniors'
residences in Canada, offering a range of liv-
ing options.
Amica was represented by a team led by
Andrew Oppenheim (real estate) which in-
cluded Stuart Olley, Martin Mix, Gordon
Chmilar, Brett Kagetsu, Ben Hudson, Pat-
rick Rea, Alisha Virk and Riley Dearden
(M&A/securities), Brent Kerr (tax), Ian
MacDonald (competition) and Jonathan
Van Netten (litigation) of Gowling WLG.
BayBridge was represented by Jeffrey
Borden Ladner Gervais LLP acted as
counsel to e Bank of Nova Scotia and
Bank of Montreal, as co-lead arrangers, with
a team led by Howard Silverman including
Kyle Plunkett (banking), Rick Coburn (en-
vironmental), Andrew Harrison (pensions),
Danny Lang (tax) and David Wood (IP).
Chapman and Cutler LLP acted as US
counsel to e Bank of Nova Scotia, as ad-
ministrative agents, with a team that includ-
ed Cynthia Baker, Ronald Hacker, Rafael
Cook and Casey Judge.
WATERTON ACQUIRES
NEVADA ASSETS
FROM BARRICK GOLD
CLOSING DATE: DECEMBER 17, 2015
On December 17, 2015, subsidiaries of Wa-
terton Precious Metals Fund II Cayman, LP
completed the acquisition of Barrick Gold
Corporation's 70 per cent interest in the
Spring Valley project and 100 percent of the
Ruby Hill mine for a total of $110 million in
cash. e assets are located in Nevada.
Waterton was represented by Curtis
Cusinato, Stewart Sutcliffe, Casey Howell,
Anas Youssef and Yoni Grundland (M&A)
of Stikeman Elliott LLP; and by Joel Ben-
son of Davis Graham & Stubbs LLP.
Barrick was represented by internal legal
counsel, Rich Haddock and Andrew Hast-
ings, as well as by Melanie Shishler, Rich-
ard Fridman and Jennifer Grossklaus of
Davies Ward Phillips & Vineberg LLP;
Singer, Donald Belovich, Michael Burkett,
Nick Badeen, Christopher Yung, John Lee,
Logan Copen (M&A/ securities), Melissa
Schyven, Kasia Kmiec, Brady McLeod (real
estate/regulatory), John Lorito, Dean Kraus,
Lindsay Gwyer (tax), Craig Mitchell, Melissa
John (banking), Mike Kilby, William Wu
(competition), Andrea Boctor, Aiden Talai
(benefits), Kelly O'Ferrall, Kris Noonan,
Khalfan Khalfan (employment & labour),
Larry Cobb (environmental) and David
Brown (litigation) of Stikeman Elliott LLP.
CENTRIC HEALTH CLOSES
SALE OF PHYSIO, REHAB
AND ASSESSMENT
OPERATIONS TO AUDAX GROUP
CLOSING DATE: DECEMBER 31, 2015
On December 31, 2015, Centric Health
Corporation completed the divestment of
its physiotherapy, rehabilitation and med-
ical assessment businesses to an affiliate
of Audax Private Equity, a member of the
Audax Group, for $245 million plus up to
$5 million in contingent consideration. A
substantial portion of the net proceeds are
intended to be used to repay debt. Financing
for the transaction was provided by Antares
Holdings LP and Sankaty Capital LP. Cen-
tric Health was represented by its General
Counsel Brandon Parent, as well as Dee Raj-
pal, Matt Cameron, Erisa Mara, Meghan
Jones and Luke Sinclair (corporate), John
O'Connor (tax), and Brady McLeod (real es-
Consumer Services Energy & Power Pipelines
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Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
4
Energy & Power
4
Metals & Mining
Oil & Gas Oil & Gas Oil & Gas
2
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2
Transportation
CURTIS CUSINATO
STIKEMAN ELLIOTT LLP
MELANIE SHISHLER
DAVIES WARD PHILLIPS
& VINEBERG LLP
ANDREW OPPENHEIM
GOWLING WLG
JEFFREY SINGER
STIKEMAN ELLIOTT LLP
