About Jacob
Jacob's practice consists of advising on securities and business law matters, with focus on cross-border and domestic mergers and acquisitions, capital market transactions and private equity transactions. He acts for a wide variety of private equity, issuer and underwriter clients in a variety of sectors including technology, life sciences and financial services.
Jacob previously practised at a leading international law firm in New York, where he focused on cross-border M&A, private equity and corporate finance transactions.
Recent representative transactions include acting as counsel to:
Mergers & Acquisitions
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Magnet Forensics Inc. on its C$1.8-billion acquisition by an affiliate of private equity firm Thoma Bravo
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Stonepeak on its preferred equity investment in connection with the C$1.2-billion take-private of LOGITEC Corporation (TSX: LGT.A LGT.B) by Blue Wolf Capital Partners LLC
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Ten Coves Capital and the other rolling shareholders on the C$274-million take-private of Q4 Inc. (TSX:QFOR) by Sumeru Equity Partners
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SEA Electric Inc. on its US$300-million acquisition by Exro Technologies Inc.
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Danaher Corporation in connection with its acquisitions of Aquatics Informatics, VanRx Pharmasystems, Precision Nanosystems and Tilia Labs
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Electrical Components International, Inc., a portfolio company of Cerberus Capital Management L.P., on its acquisitions of Promark Electronics Inc., BHC Cable Assemblies and Aerosystems International
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Cyclica Inc. on its acquisition by Recursion Pharmaceuticals, Inc.
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Cerberus Capital Management, L.P. on its entry into a definitive agreement to acquire a majority interest in Dorel Industries, Inc., a global organization operating three distinct businesses in juvenile products, bicycles and home products, in a take-private transaction, valuing Dorel at approximately C$470-million
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The Stars Group on its US$15-billion enterprise value combination with Flutter Entertainment to form the world’s largest online betting and gaming operator, which includes the PokerStars, Fox Bet and FanDuel businesses in the U.S.
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Cronos Group Inc. in connection with the C$2.4-billion strategic equity investment in Cronos Group by Altria Group, Inc.
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Delek Group Ltd. on its acquisition of all of the outstanding common shares in the capital of Ithaca Energy Inc. not already owned by Delek by way of a supported takeover bid and subsequent compulsory acquisition which valued Ithaca's enterprise value at C$1.68-billion
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Kognitiv Corporation on its C$525-million acquisition of Aimia Inc.'s Loyalty Solutions business
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RIV Capital Inc. on its US$247-million acquisition of Etain LLC
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Element Financial Corporation on its "butterfly" spin-out transaction by way of plan of arrangement pursuant to which Element separated into two new public companies: Element Fleet Management Corp. (TSX:EFN) and ECN Capital Corp. (TSX:ECN)
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Kinross Gold Corporation on the sale of its 25% interest in the Cerro Casale project and 100% interest in the Quebrada Seca project to Goldcorp Inc. for consideration including US$300-million in cash
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Element Financial Corporation in its US$5-billion acquisition of the PHH Arval vehicle fleet management services business and its related C$1.4-billion public offering of subscription receipts, extendible convertible debentures and cumulative five-year rate reset preferred shares
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The Brick Ltd. in connection with its sale to Leon's Furniture Limited for C$700-million
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The Special Committee of InterRent REIT in connection with the internalization of the REIT's property management functions at a price of C$38-million
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Several U.S. private equity firms in connection with their acquisitions of Canadian companies operating across the technology, travel, consumer goods and manufacturing sectors
Corporate Finance
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Element Fleet Management Corp. in connection with its senior note offerings of US$750-million, US$500-million and US$450-million
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Magnet Forensics Inc. in connection with its C$115-million initial public offering of subordinate voting shares and C$74-million secondary offering of subordinate voting shares
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Intact Financial Corporation on its US$1.7-billion acquisition of OneBeacon Insurance Group, Ltd., and related C$700-million equity financing consisting of a C$360-million bought deal public offering of subscription receipts and a C$340-million private placement of subscription receipts
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The underwriters in connection with the C$1-billion initial public offering of REIT units and senior unsecured debentures of Choice Properties REIT, as well as follow-on offerings of partnership notes and senior unsecured debentures for approximately C$1.9-billion since its IPO in 2013
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The underwriters in connection with the US$1.39-billion cross-border secondary offering of common shares of Canadian Pacific Railway Limited by certain funds managed by Pershing Square Capital Management, L.P.
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Element Financial Corporation on public financings aggregating more than C$5-billion, including a C$2.8-billion prospectus offering (the third largest bought deal in Canadian capital markets history), comprising C$2.04-billion of subscription receipts (for underlying common shares), C$575-million extendible convertible subordinated debentures and C$172.5-million of rate reset preferred shares
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Cronos Group Inc. on public offerings of common shares aggregating more than C$140-million, including the first MJDS offering by a cannabis issuer
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The underwriters in connection with the US$600-million cross-border secondary offering of common shares of Restaurant Brands International Inc. by an affiliate of 3G Capital Partners LP
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The underwriters in connection with an offering by Kinross Gold Corporation of US$287.7-million of common shares
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The underwriters in connection with the US$75-million initial public offering of Mainstreet Health Investments Inc. as well as its follow-on offering of subscription receipts for US$75-million
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The underwriters in connection with various offerings of Canadian-dollar high-yield notes, including offerings by Source Energy Services, DHX Media Ltd., Wajax Corporation and GFL Environmental Inc.
Proxy Contests/Shareholder Activism Matters
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Element Fleet Management Corp. on shareholder activism and governance matters in connection with its 2018 shareholders' meeting
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Bill Wells and Greg Gubitz, former senior executives of Biovail Corporation, on their successful shareholder activism resulting in Board and management changes at Bioniche Inc.
Jacob has been recognized as a leading lawyer by:
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Thomson Reuters Stand-out Lawyers – Independently Rated Lawyers – 2017–2024 (As nominated by senior in-house counsel)
Jacob serves as co-chair of the Toronto Student Committee. He is actively involved in mentoring and is a past recipient of the Firm's "Mentor of the Year" award.
Jacob has lectured on corporate governance considerations in M&A transactions at the New York University School of Law.
Jacob is a member of the Law Society of Ontario and the Canadian Bar Association.
- Co-author : M&A Take-Privates on a Roll
Blakes Bulletin on Mergers & Acquisitions, May 28, 2024. - Co-author : Business Is Business, But Some Acquired Businesses Are More Primary Than Others
Blakes Bulletin on Capital Markets, April 21, 2022.
Admitted to the Ontario Bar – 2012
JD, University of Toronto – 2011
BA (Hon.), Queen's University – 2008