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Paul Stepak

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Recent representative matters include advising:

  • 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

  • Warburg Pincus on its majority investment in SCM Insurance Services

  • 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)

  • Lavazza S.p.A. on its acquisition of Kicking Horse Coffe Co. Ltd.

  • Cerberus Capital Management on its acquisition of ABC Group, one of the world's leading automotive suppliers of thermoplastic components and systems, and subsequent sale-leaseback of ABC's real estate portfolio to W.P. Carey

  • 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

  • Pet Valu, a portfolio company of Roark Capital, in connection with numerous acquisitions, including Pet Supermarket

  • Pearson plc in connection with its global trade-book-publishing joint venture with Bertelsmann to form Penguin Random House

  • Gilead Sciences, Inc. in connection with its C$500-million acquisition of YM BioSciences Inc.

  • McKesson Corporation on its purchase of Katz Group Canada Inc.'s banner and franchise pharmacy businesses for approximately C$920-million

  • Mirae Asset Global Investments in connection with its acquisition of BetaPro Management Inc.

  • Genworth MI Canada Inc. on its C$950-million initial public offering and subsequent public offerings of C$425-million of debentures and substantial issuer bids for an aggregate of C$485-million of common shares

Awards & Recognition

Paul has been 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)

  • Who’s Who Legal: Corporate Tax

  • 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)

  • Acritas Stars: Independently Rated Lawyers (Nominated as a stand-out lawyer by senior in-house counsel)

  • 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: Recent Inbound Cross-Border M&A Issues
    33rd Annual Senior Tax Practitioners' Institute, Cambridge, Ontario, October 25, 2019.
  • Speaker: Recent Cross-Border Tax Developments
    Blakes Business Class Seminar, New York, New York, May 16, 2019.
  • Speaker: Canadian Inbound Investments: The Private Equity Perspective
    Toronto Young Practitioners Group Meeting, Canadian Tax Foundation, Toronto, Ontario, May 2, 2019.
  • Speaker: Recent Cross-Border Tax Developments
    Blakes Business Class Seminar, New York, New York, May 3, 2018.
  • Speaker: PE Investment in Canadian Companies
    69th Annual Tax Conference, Canadian Tax Foundation, Toronto, Ontario, November 19-21, 2017.
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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