22 LEXPERT MAGAZINE
|
MARCH 2016
BIG DEALS
CCL was represented by McMillan LLP
with a team including Eric Friedman and
Maria Sagan (financial services) and Michel
Ranger (tax). e lenders were represented by
Fasken Martineau DuMoulin LLP with a
team including Dave Johnson and Dev Singh
(banking) and Chris Steeves (tax).
CCL was represented in the United States
by Warner Norcross & Judd LLP with a
team including Mark Wassink and Michael
Jones, and in the United Kingdom by Addle-
shaw Goddard LLP with a team including
Richard Lee, Richard Chandler and Michael
McDonald. e lenders were represented in
the United States by ompson Coburn
LLP with a team including Victoria Gil-
bert, and in the United Kingdom by Fasken
Martineau DuMoulin LLP with a team
including omas Wexler and Sean Stevens.
AUDAX GROUP ACQUIRES
TECHNIKS INDUSTRIES
CLOSING DATE: SEPTEMBER 21, 2015
On September 21, 2015, Audax Group, along
with management of Techniks Industries,
acquired Techniks Industries from Tenex
Capital Management.
Techniks is a leading provider of in-
dustrial cutting tools and tool holders in
North America.
Audax Group is an alternative asset man-
agement firm specializing in investments in
middle market companies.
Audax was represented in the US by Jeffrey
Seifman, Kevin Mausert, Lauren Dragich,
Katie Knue and Louis Hernandez (M&A)
of Kirkland & Ellis LLP; and in Canada by
John Leopold, Warren Silversmith, and Kevin
Custodio (M&A) of Stikeman Elliott LLP.
Techniks and Tenex were represented by
James Rosener, Valérie Demont, and Nancy
Cruz (M&A), Paul Hespel (financing),
Frank Tripodi (employment), David Ruther-
ford (financing), Timothy Leska (tax), Greg-
ory Narsh (regulatory), Isla Long (litigation),
Paul Kennedy and Michael Patané (intellec-
tual property) of Pepper Hamilton LLP.
CEGID GROUP ACQUIRES
TECHNOMEDIA
CLOSING DATE: DECEMBER 1, 2015
On December 1, 2015, Cegid Group,
through a wholly-owned subsidiary, acquired
from Canadian private equity Novacap and
founder Alain Latry, together with the other
shareholders of Technomedia Holding Cor-
poration, all of the issued and outstanding
shares of Technomedia Holding Corpora-
tion for an undisclosed amount.
Cegid is a leading player in the digital
transformation of companies, providing
cloud services and enterprise soware to pri-
vate companies and public entities alike.
Technomedia is a Montréal-based talent
management soware provider with activ-
ities in Canada, the USA, Europe and Asia.
Cegid was represented in-house by Fré-
dérique Mondange, Responsable Service Jur-
idique and was assisted by Canadian counsel
Miller omson LLP with a team that in-
cluded Alexandre Hébert, Chantal Joubert
and Eloise Gagné (corporate/M&A), Nor-
mand Royal (corporate/M&A/tax), Amal
Garzouzi (employment) and Alexandre Ajami
(intellectual property) and by French counsel
DELSOL Avocats with a team that included
Amaury Nardone and Michel Zavalichine.
Novacap was represented in-house by Bru-
no-Étienne Duguay, Chief Legal Officer and
was assisted by Stikeman Elliott LLP with
a team that included Peter Castiel, Vanessa
Coiteux, Laurence L'Abbé and Marc-Wil-
liam Carrothers (corporate/M&A), Eveline
Poirier and Charif El-Khouri (employment),
Franco Gadoury and Nathaniel Lacasse
(tax) and Jonathan Auerbach (intellectual
property). Stikeman Elliott LLP also repre-
sented other vendors in the transaction.
TECK RESOURCES LTD.
ANNOUNCES SILVER
STREAMING AGREEMENT
WITH FRANCO-NEVADA
CLOSING DATE: OCTOBER 9, 2015
On October 9, 2015, Teck Resources Lim-
ited (Teck) and a subsidiary entered into
a long-term streaming agreement with a
subsidiary of Franco-Nevada Corporation
(Franco-Nevada) linked to production at the
Antamina mine.
Teck holds a 22.5 per cent interest in Com-
pañía Minera Antamina S.A. (CMA) which
owns and operates Antamina.
In connection with the agreement, Fran-
co-Nevada will make an upfront payment
of US$610 million to Teck and will pay
5 per cent of the spot price at the time of
delivery for each ounce of silver delivered
under the agreement.
Teck will deliver silver to Franco-Nevada
equivalent to 22.5 per cent of payable silver
sold by CMA, using a silver payability factor
of 90 per cent. Aer 86 million ounces of sil-
ver have been delivered under the agreement,
the stream will be reduced by one third.
Teck, headquartered in Vancouver, British
Columbia, is a diversified resource company.
