Tim Andison
Partner | Toronto
Toronto: 416-863-2654

Tim's practice focuses on a wide variety of M&A and equity and debt capital markets transactions, including initial public offerings (IPOs), high-yield and other debt offerings, restructurings, and liability-management transactions. He has acted for numerous underwriters, issuers, financial sponsors, lenders and borrowers based in Canada, the United States, South America, Europe and Asia.

Before joining Blakes, Tim practised as a member of the capital markets group of a leading U.S. law firm in its London, New York, Singapore and Toronto offices.

SELECT EXPERIENCE

The following transactions highlight Tim's recent experience including advising:

  • The underwriters in connection with various offerings of equity securities, including the C$175-million IPO of Source Energy Services; a C$175-million subscription receipt offering by Leagold; a C$75-million offering of common shares by Wajax; and a US$100-million offering of common shares and gold-linked preferred shares by Banro Corporation
  • The underwriters in connection with various offerings of Canadian-dollar high-yield notes, including offerings by Saguaro Resources; Source Energy Services; Alliance Grain Traders; Brookfield Residential Properties; DHX Media; Sherritt International (as well as Sherritt's related debt tender offer and consent solicitation); Trevali Mining; Cogeco; Wajax; Crew Energy; Savanna Energy Services; GFL Environmental (as well as GFL's debt tender offer); Southern Pacific Resources; Alliance Grain Traders; Athabasca Oil Corporation; Golf Town, a portfolio company of OMERS Private Equity, in connection with its acquisition of Golfsmith; and Noranda Operating Trust
  • The underwriters in connection with various offerings of convertible debentures, including a US$75-miillion offering by Primero and a US$120 million offering by Dorel Industries Inc. to finance Dorel's acquisition of Lerado Group
  • The underwriters in connection with various offerings of investment-grade notes, including a C$300-million offering by Federated Co-operatives and multiple C$1-billion offerings by Northwest Redwater Partnership
  • MCAP in connection with its multiple offerings of senior secured notes

  • BlackBerry Limited in connection with its US$1-billion private placement of convertible debentures to Fairfax and other institutional investors
  • Certain shareholders of MI Developments (now Granite REIT) in connection with the elimination of the company's dual-class share structure and the associated sale of the company's racing and gaming business, and advising Granite REIT in connection with ongoing securities law matters including its conversion to a real estate investment trust structure and multiple offerings of senior debentures
  • The Brick in connection with its sale to Leon's Furniture for C$700-million as well as its earlier debenture buyback transaction, the amendment of its credit facility, and a transaction to facilitate the exercise of its outstanding warrants by adding a cashless exercise right
  • TransGlobe Apartment Real Estate Investment Trust in connection with its sale to PD Kanco LP and Starlight Investments Ltd., valued at C$2-billion
  • Cliffs Natural Resources in connection with its C$4.9-billion acquisition of a Canadian mining company and the related reorganization of the acquired company's outstanding debt and convertible debt securities
AWARDS & RECOGNITION

Tim is recognized as a leading lawyer in the following publications:

  • Chambers Canada: Canada's Leading Lawyers for Business 2017 (Capital Markets: Debt & Equity)
  • IFLR1000: The Guide to the World's Leading Financial Law Firms - 2017 Edition (Financial Restructuring, Capital Markets: Debt, Capital Markets: Equity)
  • The Canadian Legal Lexpert Directory 2017 (Corporate Finance & Securities)
  • The Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada 2016