24 LEXPERT MAGAZINE
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NOVEMBER/DECEMBER 2017
BIG DEALS
Wakefield has operations in more than 70
countries as well as 45,000 employees.
Cushman & Wakefield was represented by
its in-house North American General Coun-
sel, Rick Cenkus, and by Borden Ladner
Gervais LLP with a team led by Frank Cal-
laghan that included Stefan Timms, Stephen
Nguyen, Rob Weir, James Fu, Steve Suarez,
Pam Cross and Catherine Bray; and by Re-
nee van Kessel (regulatory) of Cohen LLP
(now of van Kessel Law).
e selling shareholders of 20 VIC Man-
agement were represented by Davies Ward
Phillips & Vineberg LLP with a team that
included Gregory Howard, Gerold Goldlist
and Anthony Spadaro (M&A), Elie Roth
and Christopher Anderson (tax) and Jes-
sica Bullock (employment). Duff & Phelps
Canada served as financial advisor to 20
VIC Management.
ADIDAS COMPLETES
DIVESTITURE OF CCM HOCKEY
CLOSING DATE: SEPTEMBER 1, 2017
On September 1, 2017, adidas AG completed
its divestiture of CCM Hockey to a newly
formed affiliate of Birch Hill Equity Partners
for US$110 million, subject to customary ad-
justments. CCM Hockey consists of its main
operations in Montréal as well as operations
in the US, Sweden, Norway and Finland.
adidas was represented by Stikeman El-
liott LLP with a team that included Eric
Bremermann, Matt Cameron, Charlie Mc-
Donald and Senka Grahovac (corporate),
Craig Mitchell, Melissa John, Lea Benitah-
Bouchard, Fannie Tremblay and Matthew
Lee (banking), Shawn Neylan, Michael Las-
key and Neil Morgan (competition), Stefan
Fews and Mistrale Lepage Chouinard (real
estate), Ryan Sheahan (intellectual property),
Larry Cobb (environmental), Lindsay Gwyer
(tax) and Michele Robichaud (employment).
Birch Hill was represented by Davies
Ward Phillips & Vineberg LLP with a
team that included Patrick Barry, Jennifer
Grossklaus, Marc Berger, Adam Curran and
Rachel Charney (corporate), Derek Vesey
and Devon Comstock (banking), Anthony
Arquin (real estate), Ian Crosbie and Sharon
Ford (tax), Sarah Powell (environmental),
Jessica Bullock and Louise Patry (employ-
ment & benefits) and James Dinning (com-
petition). Birch Hill was also represented
with respect to intellectual property matters
by Bereskin & Parr LLP with a team that
included Daniel Bereskin, Jonathan Colom-
bo, Victor Krichker and Adam Bierylo.
NORSAT COMPLETES
PLAN OF ARRANGEMENT
WITH HYTERA
CLOSING DATE: JULY 20, 2017
On July 20, 2017, Norsat International
Inc. (Norsat) completed its acquisition by
Hytera Communications Co. Ltd. (TSX:
NII and NYSE MKT: NSAT) (Hytera)
by way of plan of arrangement. Pursuant to
the arrangement, Hytera Project Corp., a
wholly owned indirect subsidiary of Hytera
Communications, directly acquired owner-
ship and control over 5,848,808 common
shares of Norsat, which represents 100 per
cent of the issued and outstanding Norsat
Shares. e total consideration paid for the
5,848,808 Norsat Shares was US$67.3 mil-
lion or C$85.2 million.
Norsat is a provider of unique and custom-
ized communication solutions for remote
and challenging applications; and Hytera is
a leading global provider of innovative Pro-
fessional Mobile Radio (PMR) communica-
tions solutions to public and private company
clients across all major key industry sectors.
e transaction is designed to provide
Hytera with an enhanced platform of inno-
vative communications solutions.
McMillan LLP acted as counsel to Nor-
sat International with a team led by Leo
Raffin that included Marina Tran, Dan
Edmondstone, Peter Botz, Cory Kent and
Michael Taylor.
Baker & McKenzie LLP acted as legal
advisor to Hytera Communications, and its
subsidiary, with a team led by Charlie Mac-
Cready that included Ora Wexler, Yana
Emak and Arlan Gates.
SHUTTERSTOCK ACQUIRES
FLASHSTOCK TECHNOLOGY
CLOSING DATE: JULY 7, 2017
On July 7, 2017, Shutterstock, Inc. (Shutter-
stock), through an indirect, wholly owned
subsidiary, acquired all of the issued and
outstanding shares of FlashStock Technol-
ogy Inc. (FlashStock) for a purchase price
of approximately US$50 million, subject to
customary adjustments.
FlashStock is a Toronto-based company
that enables the efficient creation of custom
visual content through its proprietary so-
ware platform.
Shutterstock is a leading global technol-
ogy company offering a creative platform for
high-quality assets, tools and services.
Bennett Jones LLP acted as Canadian
counsel to FlashStock. e Bennett Jones
