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Paul Stepak

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Recent representative matters include advising:

  • Cerberus Capital Management in connection with its sale of ABC Technologies Holdings Inc.

  • Sagen MI Canada Inc. (formerly Genworth MI Canada Inc.) on its C$1.6-billion acquisition by Brookfield Business Partners L.P.

  • Torstar Corporation in connection with its acquisition by NordStar Capital L.P.

  • Pet Valu, a portfolio company of Roark Capital, in connection with its initial public offering, as well as numerous acquisitions

  • ABC Technologies Holdings Inc. in connection with its initial public offering

  • Schlesinger Group, a portfolio company of Gauge Capital, on its acquisition of Methodify and AskingCanadians

  • Litera, a portfolio company of Hg, on its acquisition of Kira Systems and its industry-leading machine learning contract analysis technology

  • Barentz International, a portfolio company of Cinven, in connection with its acquisition of Pestell Nutrition

  • Electrical Components International, a portfolio company of Cerberus Capital Management, in connection with its acquisition of Promark Electronics

  • Hg on its acquisition of CaseWare International and Prophix

  • Equinix, Inc. on its C$1.04-billion acquisition of 25 data-centre facilities across Canada from BCE Inc.

  • Hidden Harbor Capital Partners in connection with its acquisition of Anchor Danly and AWC Manufacturing from Cornell Limited Partnership

  • Xero Limited in connection with its acquisition of Hubdoc Inc.

  • PHI, Inc. in connection with its acquisition, with Don Wall, of HNZ Group Inc. in a transaction valued at C$240-million

  • RR Donnelley on the restructuring of its Canadian business in preparation for the spin-offs of its publishing and retail-centric print services and office products business and its financial communications and data service business

  • 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)

  • Capstone Infrastructure Corporation on iCON Infrastructure Partners III's acquisition of Capstone for approximately C$480-million

  • Johnson Electric Holdings Limited on its C$800-million acquisition of Stackpole International

  • Bell on its C$670-million acquisition of Glentel Inc. and subsequent sale of a 50 per cent interest in Glentel Inc. to Rogers Communications Inc.

  • Algonquin Power & Utilities Corp. in connection with its C$1-billion convertible debenture offering by way of instalment receipt to partially finance a C$3.4-billion acquisition of The Empire District Electric Company

  • UnitedHealth Group on its subsidiary OptumRx's US$12.8-billion combination with Catamaran Corporation

  • Audax Private Equity in connection with its acquisitions of LifeMark Health Corp., Viewpoint Medical Assessments and Altasciences Company

Awards & Recognition

Paul is recognized as a leading tax practitioner in the following publications:

  • Chambers Global: The World's Leading Lawyers for Business (Tax Law)

  • Chambers Canada: Canada's Leading Lawyers for Business (Tax Law)

  • International Tax Review's World Tax (Tax Leader)

  • Who's Who Legal: Global (Corporate Tax -Advisory)

  • Who's Who Legal: Canada (Corporate Tax)

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada (Corporate Tax)

  • The Legal 500 Canada (Tax)

  • Thomson Reuters Stand-out Lawyers – Independently Rated Lawyers (As nominated by senior in-house counsel; formerly, Acritas Stars)

  • The Best Lawyers in Canada (Tax Law)

  • The Canadian Legal Lexpert Directory (Corporate Tax)

Professional Activities

Paul is a past chair of the Executive Committee of the Tax Section of the Ontario Bar Association.

He has written articles and spoken at different venues regarding cross-border and domestic tax issues. He is a member of the Canadian Bar Association, the Ontario Bar Association, the International Fiscal Association and the Canadian Tax Foundation (CTF).

Paul is a past country reporter for Canada for the 2015 International Fiscal Association Congress in Basel, Switzerland.

Professional Appearances
  • Speaker: The Impact of Canadian Income Tax on M&A - Inbound Private Equity Investments
    Osgoode Hall LLM Program (online), Toronto, Ontario, June 25, 2021.
  • Moderator: Cross-Border Tax Updates
    Webcast #2, Blakes 2021 Canada/U.S. Legal Update Seminar Series, Toronto, Ontario, June 16, 2021.
  • Speaker: Cross-Border M&A Update
    1st North American Region Meeting, International Fiscal Association Canada (virtual), Toronto, Ontario, May 3, 2021.
Education

Admitted to the Ontario Bar - 2001
J.D., University of Toronto - 1999
M.B.A., University of Toronto - 1999
B.A. (Economics), University of Western Ontario - 1995

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