Increased competition, regulatory reform and the economic downturn have challenged the financial services industry worldwide. In the current environment, it is more important than ever for financial services companies to have experienced financial services lawyers with the industry knowledge, regulatory expertise and legal acumen required to deal with their increasingly complex issues.
Blakes is acknowledged as having the preeminent Financial Services practice in Canada. We are known for our deep bench strength and industry expertise. Many of the largest and most highly regarded financial institutions and financial services providers in Canada, the U.S., Europe and Asia, as well as other non-Canadian financial organizations, regularly retain Blakes as counsel.
Our clients rely on us to assist them with:
A wide variety of domestic and cross-border financing transactions, including syndications, project finance, asset-based lending, trade finance, high-yield offerings, debt and debtor-in-possession (DIP) financing, warehouse facilities credit arrangements, private placements, securitizations and structured financing, subordinated debt arrangements, as well as aircraft and other equipment finance and capital markets debt offerings
The establishment or acquisition of financial services entities
The development of business and consumer loan and leasing programs
Compliance with the federal and provincial regulatory requirements that apply to financial services entities and their products and distribution networks
- The purchase and sale of lease, loan and credit card portfolios and deposit businesses
- First Nations finance and banking
Franchise finance
Time-share financings
Private credit/direct lending
Letters of credit
Securities lending
Financial products and services distribution arrangements
Outsourcing by financial institutions
We also offer our clients seamless access to the expertise of our tax, securities, insolvency, regulatory and other specialty groups as needed.
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Strathcona Resources Ltd. on its all-share acquisition of Pipestone Energy Corp., creating a combined entity with an approximate C$8.6-billion enterprise value.
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Royal Bank of Canada on its C$13.5-billion acquisition of HSBC Bank Canada.
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RBC and a syndicate of lenders in connection with C$1.99-billion credit facilities to Wolf Midstream Canada LP, Wolf Pipeline Inc. and Wolf Carbon Solutions Inc.
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ATB Financial in connection with C$110-million revolving borrowing base credit facilities provided by ATB and a syndicate of lenders to Athabasca Oil Corporation.
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Scotiabank on the establishment of its joint venture with Cineplex, Canada’s largest movie theatre chain, and Empire, owner of one of Canada’s largest grocery networks (including Sobeys, IGA, Foodland and Farm Boy), and the launch and expansion of the Scene+ national loyalty program.
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Definity Financial Corporation and its affiliate McDougall Insurance Brokers Limited on their acquisition of McFarlan Rowlands Insurance Brokers Inc.
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The Toronto-Dominion Bank, as administrative agent and sole sustainability structuring agent for Ivanhoé Cambridge's C$1-billion sustainability-linked credit facilities.
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Killick Capital Inc. on the corporate refinancing of the Killick Aerospace Group, a leading provider of commercial and business aircraft parts and engine solutions.
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Canadian Imperial Bank of Commerce on a C$1-billion sustainability-linked credit facility in favour of Northland Power Inc.
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Canadian Imperial Bank of Commerce on a C$100-million senior unsecured revolving credit facility established in favour of Parkpool.
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Well Health Technologies Corp. on its C$200-million senior secured credit facilities in support of its C$266-million acquisition of MyHealth Partners Inc.
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Intact Financial Corporation on its proposed C$12.3-billion acquisition, together with Tryg A/S, of RSA Insurance Group Plc and related private placements of C$4.45-billion of subscription receipts.
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The lender on its C$100-million secured term credit facility to Sienna Senior Living Inc.
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Investors Real Property Fund on Otéra Capital Inc.’s financing of 55 University Avenue, an 18-storey office building located in Toronto’s financial district.
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AST Investor Services Inc. (Canada) on its C$165-million acquisition by TMX Group Limited.
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TC Energy Corp. on its sale of a 65% equity stake in the Coastal GasLink pipeline project to KKR & Co Inc. and Alberta Investment Management Corporation (AIMCo) and the concurrent execution of a credit agreement providing non-recourse project-level financing to fund the majority of construction costs for the project.
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Enmax Corporation on the establishment of bridge credit facilities for its acquisition of Emera Marine for approximately US$1.3-billion.
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Global Payments Inc. on its acquisition of the merchant-acquiring business and portfolio of 40,000 merchants of Desjardins Group.
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Equinox Gold Corp. on its US$578-million all-stock acquisition of Leagold Mining Corporation and concurrent private placement of US$170-million and debt financing of US$500-million.
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Republic Financial Holdings Limited on its acquisition of Scotiabank (British Virgin Islands) Limited from The Bank of Nova Scotia.
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TC Energy Corporation on the sale of an 85% equity interest in Northern Courier Pipeline to AIMCo and, concurrently, the financing of long-term, non-recourse debt, with projected aggregate gross proceeds to TC Energy of C$1.15-billion.
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Cronos Group Inc. on the C$2.4-billion strategic equity investment in Cronos Group by Altria Group, Inc.
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Power Financial Corporation and Power Corporation of Canada on their and Great-West Lifeco’s substantial issuer bids totalling C$5-billion.
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Subversive Capital Acquisition Corp. on its US$575-million initial public offering.
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Bespoke Capital Acquisition Corp. on its US$350-million initial public offering as a newly organized special purpose acquisition corporation.
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TransCanada Corporation on its US$13-billion acquisition of Columbia Pipeline Group Inc.
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Cenovus Energy Inc. on its C$10.5-billion acquisition bridge credit facility, the largest energy asset acquisition undertaken in Canada.
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The lenders on their financing of the C$8.5-billion Sturgeon refinery project being developed by North West Redwater Partnership.
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MBNA Canada on its C$8.5-billion credit-card portfolio sale to The Toronto-Dominion Bank.
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A Canadian bank on its C$5-billion medium-term notes (principal-at-risk structured notes) program and US$6-billion structured note program.
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Kinder Morgan Canada Limited on the establishment of a C$4-billion revolving construction credit facility to fund the development, construction and completion of the Trans Mountain expansion project.
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The debtor-in-possession (DIP) agent on the US$2.3-billion DIP facility to Toys “R” Us Canada and its U.S. parent.
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MCAP Financial Corporation on its C$1.5-billion mortgage purchase from Home Trust Company.
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Canadian Imperial Bank of Commerce, as agent, on credit facilities totalling C$1.5-billion for Northland Power Inc.
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WillScott Corp. on the amendment of its US$1.425-billion revolving credit facility related to its acquisition of Modular Space Holdings, Inc.
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The syndicate of lenders on the establishment of credit facilities in favour of Wolf Midstream Inc. to finance (on a project financing basis) its acquisition of a 50% ownership interest in the Access Pipeline from Devon Energy Corp. for C$1.4-billion.
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Nouvelle Autoroute 30 on a cross-border bond issuance valued at approximately C$1.218-billion to refinance the project debt for the Autoroute 30 concession project.
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Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank and Bank of Montreal, as co-lead arrangers, on their C$1.07-billion amended and restated credit facility to finance Toromont Industries Ltd.’s acquisition of the Hewitt Group of Companies.
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The Toronto-Dominion Bank, as lead arranger, on its C$1-billion and US$500-million credit facilities to finance Parkland Fuel Corporation’s acquisition of Chevron Canada's downstream fuel business in British Columbia and Alberta.
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Jarislowsky, Fraser Limited on its C$950-million purchase by Scotiabank of all equity interests in Canada's third-largest independent investment manager.
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Canadian Imperial Bank of Commerce, as agent, on credit facilities totalling C$900-million for Richardson International Limited.
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Aareal Bank AG on a C$716-million syndicated financing for a group of Canadian hotels, the largest hotel financing in Canada (by number of properties), covering a portfolio of 23 hotel properties across the country.
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Canadian Tire Corporation on its agreement with Scotiabank regarding a strategic partnership that will see Scotiabank acquire a 20% equity interest in Canadian Tire’s financial services business for C$500-million in cash.
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CI Financial Corp. on its acquisition of a majority stake in WealthBar Financial Services Inc.
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Stored Value Solutions, a subsidiary of FleetCor Technologies, Inc., on its acquisition of Buyatab Online Inc., as part of its expansion in the emerging digital-gifting space.
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Scotiabank on the sale of its business and assets of Roynat Lease Finance, a division of its subsidiary Roynat Inc., to Meridian Credit Union Limited.
Blakes was named Law Firm of the Year for Banking & Finance Law by The Best Lawyers in Canada 2022.
Members of our Financial Services group are consistently ranked as leaders in their field, including in the most recent editions of the following publications:
- Chambers Canada: Canada’s Leading Lawyers for Business (Banking & Finance, Banking & Finance: Financial Services Regulation, Insurance: Dispute Resolution, Insurance: Transactional & Regulatory, Project Finance and Transportation: Aviation: Finance)
- Chambers Global: The World’s Leading Lawyers for Business (Banking & Finance – Canada, Banking & Finance: Financial Services – Canada)
- The Canadian Legal Lexpert Directory (Most Frequently Recommended – Banking & Financial Institutions, Asset Equipment Finance/Leasing, Asset Securitization, Project Finance and Derivative Instruments.)
- The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
- IFLR1000: The Guide to the World’s Leading Financial and Corporate Law Firms (Banking, Financial Services Regulatory and Project Finance)
- The Legal 500 Canada (Banking and Finance, Banking and Finance: Regulatory and Transactional Matters, Insurance and Transport: Aviation)
- Lexology Index: Banking (Finance, Fintech and Regulatory)
- Lexology Index: Canada (Aviation, Banking, Insurance & Reinsurance and Project Finance)
- Lexology Index: Insurance & Reinsurance
- Lexology Index: Project Finance
- Lexology Index: Transport – Aviation Finance
- Euromoney’s LMG Banking, Finance and Transactional Expert Guide (Banking, Insurance and Reinsurance, Project Finance, Structured Finance and Securitisation and Women in Business Law)
- The Best Lawyers in Canada (Asset-Based Lending Practice, Aviation Law, Banking and Finance Law, Derivatives Law, Equipment Finance Law, Project Finance Law and Structured Finance Law)
People
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Tim AndisonPartner | Toronto
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Paul BelangerPartner | Toronto
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Mena BellofiorePartner | Toronto
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Ian J. BinniePartner | Toronto
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Chris BurrPartner | Toronto
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Danielle ButlerPartner | Toronto
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Milly ChowPartner | Toronto
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Justin DrakePartner | Toronto
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Michael ElderPartner | Toronto
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David FeldmanPartner | Toronto
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Simon A. FinchPartner | Toronto
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Jennifer HancockPartner | Toronto
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Michael HickeyPartner | Toronto
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John HutmacherPartner | Toronto
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Adam JacksonPartner | Toronto
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Vivian KungPartner | Toronto
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Michelle LanielPartner | Toronto
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Lauren LeahyPartner | Toronto
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Jason MacIntyrePartner | Toronto
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Auriol MarascoPartner | Toronto
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Michael MathesonPartner | Toronto
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Charles McRobertsPartner | Toronto
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Robert PercivalPartner | Toronto
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Linc RogersPartner | Toronto
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Aryo ShalviriPartner | Toronto
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Jacqueline D. ShinfieldPartner | Toronto
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Mark TonkovichPartner | Toronto
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Thomas von HahnPartner | Toronto
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Aimee YeePartner | Toronto
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Victoria AllsoppCounsel | Toronto
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Sayjon AriyarathnamAssociate | Toronto
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Lan ChenAssociate | Toronto
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Stacey ConwayAssociate | Toronto
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Eric GoneauAssociate | Ottawa, Toronto
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Daniel JachnaAssociate | Toronto
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Lori KomisLaw Clerk | Toronto
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Kerri MarksAssociate | Toronto
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Ora MorisonAssociate | Toronto
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Katie PattersonAssociate | Toronto
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Daniel RosarioAssociate | Toronto
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Rahul SapraAssociate | Toronto
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Kelly BourassaPartner | Calgary
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Drew CampbellPartner | Calgary
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Andrew KolodyPartner | Calgary
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Michael McIntosh, KCPartner | Calgary
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Warren B. NishimuraPartner | Calgary
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Cameron SiempelkampPartner | Calgary
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Nick TropakPartner | Calgary
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Farrukh AhmadAssociate | Calgary
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Ali BeckAssociate | Calgary
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Chad OlsonAssociate | Calgary
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Stephan PacholokAssociate | Calgary
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Alexa RudakoffAssociate | Calgary
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Sydney TarrabainAssociate | Calgary
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Jenna WillisCounsel | Calgary
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Michael BirchPartner | Vancouver
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Aletha PangmanPartner | Vancouver
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Samantha RossmanPartner | Vancouver
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Jake SwitzerPartner | Vancouver
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Greg UmbachPartner | Vancouver
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Daniel FrederiksAssociate | Vancouver
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Xinya WangAssociate | Vancouver
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Sarah WiseAssociate | Vancouver
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Mary Jeanne PhelanPartner | Montréal
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Jenny RossPartner | Montréal
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Sébastien VilderOffice Managing Partner | Montréal
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Justin AllardAssociate | Montréal
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Paulina BalabuchAssociate | Montréal
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Alexandra BeaubienAssociate | Montréal
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Léa Bénitah-BouchardAssociate | Montréal
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Olivier Bonneau-DesjardinsAssociate | Montréal
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Steve CollinsNotary | Montréal
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Rebecca DaweAssociate | Montréal
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Annick DemersCounsel | Montréal
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Viorelia GuzunCounsel | Montréal
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Yanka LaraméeParalegal | Montréal
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Julie MarinoParalegal | Montréal
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Louis MorissetStrategic Counsel | Montréal
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Rosalie MungerAssociate | Montréal
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Grace NguebouAssociate | Montréal
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Stella PantazopoulosParalegal | Montréal
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Marta RecinosAssociate | Montréal
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Eric GoneauAssociate | Ottawa, Toronto
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Tracy MolinoCounsel | Ottawa
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Tim AndisonPartner | Toronto
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Paul BelangerPartner | Toronto
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Mena BellofiorePartner | Toronto
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Ian J. BinniePartner | Toronto
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Michael BirchPartner | Vancouver
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Kelly BourassaPartner | Calgary
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Chris BurrPartner | Toronto
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Danielle ButlerPartner | Toronto
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Drew CampbellPartner | Calgary
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Milly ChowPartner | Toronto
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Justin DrakePartner | Toronto
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Michael ElderPartner | Toronto
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David FeldmanPartner | Toronto
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Simon A. FinchPartner | Toronto
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Jennifer HancockPartner | Toronto
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Michael HickeyPartner | Toronto
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John HutmacherPartner | Toronto
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Adam JacksonPartner | Toronto
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Andrew KolodyPartner | Calgary
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Vivian KungPartner | Toronto
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Michelle LanielPartner | Toronto
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Lauren LeahyPartner | Toronto
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Jason MacIntyrePartner | Toronto
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Auriol MarascoPartner | Toronto
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Michael MathesonPartner | Toronto
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Michael McIntosh, KCPartner | Calgary
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Charles McRobertsPartner | Toronto
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Warren B. NishimuraPartner | Calgary
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Aletha PangmanPartner | Vancouver
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Robert PercivalPartner | Toronto
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Mary Jeanne PhelanPartner | Montréal
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Linc RogersPartner | Toronto
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Jenny RossPartner | Montréal
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Samantha RossmanPartner | Vancouver
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Aryo ShalviriPartner | Toronto
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Jacqueline D. ShinfieldPartner | Toronto
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Cameron SiempelkampPartner | Calgary
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Jake SwitzerPartner | Vancouver
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Mark TonkovichPartner | Toronto
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Nick TropakPartner | Calgary
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Greg UmbachPartner | Vancouver
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Sébastien VilderOffice Managing Partner | Montréal
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Thomas von HahnPartner | Toronto
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Aimee YeePartner | Toronto
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Farrukh AhmadAssociate | Calgary
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Justin AllardAssociate | Montréal
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Victoria AllsoppCounsel | Toronto
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Sayjon AriyarathnamAssociate | Toronto
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Paulina BalabuchAssociate | Montréal
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Alexandra BeaubienAssociate | Montréal
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Ali BeckAssociate | Calgary
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Léa Bénitah-BouchardAssociate | Montréal
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Olivier Bonneau-DesjardinsAssociate | Montréal
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Lan ChenAssociate | Toronto
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Steve CollinsNotary | Montréal
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Stacey ConwayAssociate | Toronto
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Rebecca DaweAssociate | Montréal
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Annick DemersCounsel | Montréal
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Daniel FrederiksAssociate | Vancouver
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Eric GoneauAssociate | Ottawa, Toronto
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Viorelia GuzunCounsel | Montréal
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Daniel JachnaAssociate | Toronto
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Lori KomisLaw Clerk | Toronto
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Yanka LaraméeParalegal | Montréal
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Julie MarinoParalegal | Montréal
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Kerri MarksAssociate | Toronto
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Tracy MolinoCounsel | Ottawa
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Ora MorisonAssociate | Toronto
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Louis MorissetStrategic Counsel | Montréal
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Rosalie MungerAssociate | Montréal
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Grace NguebouAssociate | Montréal
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Chad OlsonAssociate | Calgary
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Stephan PacholokAssociate | Calgary
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Stella PantazopoulosParalegal | Montréal
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Katie PattersonAssociate | Toronto
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Marta RecinosAssociate | Montréal
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Daniel RosarioAssociate | Toronto
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Alexa RudakoffAssociate | Calgary
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Rahul SapraAssociate | Toronto
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Sydney TarrabainAssociate | Calgary
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Xinya WangAssociate | Vancouver
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Jenna WillisCounsel | Calgary
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Sarah WiseAssociate | Vancouver