McCarthy Tétrault advises Fairfax as lead investor of C$1 billion in Blackberry
Toronto, November 13, 2013 — McCarthy Tétrault is pleased to announce that it represented Fairfax Financial Holdings Limited as the lead of a group of investors in a C$1 billion investment in BlackBerry, through a US $1 billion private placement of convertible debentures. The transaction closed today. The investment permits Fairfax to arrange the investment of another US $250 million within 30 days of closing.
Fairfax Financial Holdings Limited (TSX: FFH) is a financial services holding company based in Toronto, engaged in property and casualty insurance and reinsurance and investment management internationally.
BlackBerry, based in Waterloo, Ontario, has been an innovative leader in the global wireless industry, beginning with the introduction of the revolutionary BlackBerry smartphone in 1999. The company has changed the way millions of people around the world stay connected with products and services.
McCarthy Tétrault's team assisting Fairfax was led by David Tennant, and included Ian Michael, Richard Higa, Gary Girvan, Jonathan Grant, Deandra Schubert, Danny Saposnik, Mark Firman, Tina Benson, Omar Soliman, Doug Cannon, Stefanie Morand, Alfred Macchione, Ian Bies, Oliver Borgers, Brenda Swick, Matthew Griffin and Kristina Bockarov.
McCarthy Tétrault's Public M&A Group is known for its quality of advice, having represented Canadian and international clients on many of Canada’s largest and highest-profile M&A transactions. In addition to being a recognized leader in the information technology sector, McCarthy Tétrault routinely advises on major M&A transactions in the key industries of power, financial services, retail, mining and oil & gas. The firm has multi-jurisdictional expertise in all the areas critical to M&A transactions, including competition, tax, securities and litigation.
About McCarthy Tétrault
McCarthy Tétrault LLP provides a broad range of legal services, advising on large and complex assignments for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres and in London, UK.
Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.