
Financial Services
- Overview
- Who To Contact
- Representative Matters
- Recent Developments
The Aird & Berlis Financial Services Group is a dynamic and responsive team of lawyers who are able to help agents, lenders, borrowers, secured parties, investors and anyone with a financial interest through any financing transaction or insolvency, restructuring or recovery proceeding. Whether you require a simple and efficient path forward to get a deal done, or a complex and innovative solution to a problem, we have the right professionals to act as your trusted advisors.
With our Banking & Finance and Insolvency & Restructuring professionals working closely together, clients quickly see the value of our innovative approach and the results of working with us. The ability to work with creditors and debtors from the start of a financing transaction or case through to any recovery or enforcement proceedings allows us to deliver tailored, business-minded legal solutions that not only protect and preserve, but propel our clients’ interests forward.
We represent some of Canada’s largest financial institutions and companies in banking, financing, borrowing, insolvency and restructuring transactions of all sizes. The breadth and depth of our experience contributes to deeper insight into the dynamics, business realities and regulatory environments in which our clients operate. We have the experience to help clients recognize potential challenges early and identify solutions that avoid problems and risk, regardless of size and complexity. We pride ourselves on our commitment to our clients’ success by providing sophisticated advice, quick turnaround and responsive service.
Contacts
Group Members
Representative Matters
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Aird & Berlis Acts for the Ontario Ministry of Economic Development in its Winning Bid for Volkswagen Gigafactory
The Ontario Ministry of Economic Development, Job Creation and Trade successfully bid for Volkswagen’s first overseas gigafactory, which will be built in St. Thomas. -
Canada Infrastructure Bank Closes $100 Million Financing With Ameresco for Energy Efficiency and Renewable Energy Projects in Canada
On March 31, 2023, Canada Infrastructure Bank closed a $100 million credit facility with Ameresco BRI Carbon Reduction LP (a wholly owned subsidiary of Ameresco, Inc.). Ameresco provides energy effici... -
KeyBanc Capital Markets Inc. Closes US$285 Million Financing for Hard Rock Hotel & Casino Redevelopment
KeyBanc Capital Markets Inc. facilitated a US$285 million senior secured notes financing for HR Ottawa, L.P. in connection with the redevelopment of the Hard Rock Hotel & Casino. -
Zoeller Company Acquires the Burke Group
Aird & Berlis successfully represented Zoeller Company in the acquisition of all the issued and outstanding shares of the Burke Group. -
Inscape Group Granted CCAA Protection by Ontario Court
On January 12, 2023, Inscape Corporation, Inscape (New York) Inc. and Inscape Inc. (collectively the “Inscape Group”), manufacturers and distributors of office furniture to customers located in the Un... -
Wynnchurch Capital Acquires Majority Ownership in FloWorks
On January 20, 2023, Wynnchurch Capital, L.P., a leading middle market private equity firm, acquired a majority ownership in FloWorks International, LLC from Clearlake Capital Group, L.P. FloWorks is ... -
Linamar Corporation Renews and Extends Bank Credit Facility
On November 22, 2022, Linamar Corporation announced its renewal and extension of its principal bank revolving credit facility for a further four-year term, ending in November 2026. The revolving facil... -
Allied Properties REIT Acquires Urban Office Portfolio for $794 Million
On March 31, 2022, Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, completed... -
SQI Diagnostics Acquires Precision Biomonitoring’s Human Diagnostic Testing Business
On February 14, 2022, SQI Diagnostics Inc., a leader in the science of lung health that develops and manufactures respiratory health and precision medical tests, completed the acquisition of the asset... -
Waygar Capital Completes $30 Million Financing
Waygar Capital, as agent for Ninepoint Canadian Senior Debt Fund, completed its $30,000,000 financing of Enterprise Group Inc., a specialized equipment rental and services organization to Canada's ene...
Recent Developments
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Article
ESG and Capital Raising: An Overview of the Unique Sustainable Finance Tools Available to Canadian Businesses
This article seeks to provide a high-level overview of the key sustainable finance options that are available for both public and private businesses in Canada. Choosing the right option will depend on... -
Article
The Rise of Fraudulent Insolvencies of NFT Projects: What to Do When You Are Rug Pulled?
This article aims to summarize recent North American jurisprudence and news regarding recent rug pulls and concludes with steps that creditors or investors can take to recoup their funds if they have ... -
Article
Virtual Collateral 101: How to Take and Enforce Security Over Cryptocurrencies, Crypto-Assets and Central Bank Digital Currencies
This article aims to break down issues of categorization to propose answers to the questions of how security over cryptocurrencies, other crypto-assets and CBDCs can best be attached, perfected, prote... -
Article
Looking a Stalking Horse in the Mouth: Sale Process Approval Criteria Across Canadian Jurisdictions
Stalking horse bid procedures have been a feature of the Canadian insolvency and restructuring landscape for almost two decades, but there is no national consensus on what criteria courts should consi... -
Article
ESG Initiatives Take Hold in Banking Sector
In recent years, environmental, social and governance (“ESG”) initiatives have become a driving force in many industries, and the banking sector is no different. -
Article
Tech Lending: Types of Debt for SaaS Providers
While SaaS providers can seek financing through either equity or debt, debt may be preferred to avoid equity dilution and loss of control associated with financing sources like venture capital funds. -
Article
Tech Lending: How to Register Security Interests in IP
In addition to valuing IP, lenders must also understand the process for registering a security interest in IP. There are different systems for provincial, federal and U.S. registrations. Each presents... -
Article
Tech Lending: Software as a Service
With the rise of cloud-based computing, Software as a Service (SaaS) models have become leading players in the technology space. -
Article
Tech Lending: Due Diligence Issues
Due diligence can be time-consuming and challenging to complete. However, it is crucial to understand the value and ownership of the borrower’s assets to ensure sufficient security in the collateral. -
Publication
Tech Lending: What Are IP Assets?
Knowing how different kinds of IP work and how ownership interests are protected at law enables lenders to assess the value of a business’s intangible assets and overall viability. -
Article
Tech Lending: Why Are Tech Companies So Hard to Value?
This article is the first in a series providing an overview of critical considerations for commercial lenders contemplating whether to finance a tech company and how such loans can be secured. -
Article
CARR Confirms Development of Term CORRA Benchmark
On January 11, 2023, in a highly anticipated development, the Canadian Alternative Reference Rate working group (“CARR”) announced that efforts are underway to develop a one- and three-month Term CORR... -
Firm News
Aird & Berlis Welcomes Rachel Silber
Aird & Berlis is pleased to announce that Rachel Silber has joined the firm as counsel in our Financial Services Group. -
Firm News
Aird & Berlis Welcomes New Partner Evonne E. Finnegan
We are pleased to announce that Evonne E. Finnegan has joined the firm as a partner and member of our Financial Services Group. -
Firm News
2022 Edition of Doing Business in Canada Now Available!
Aird & Berlis is pleased to present the 2022 edition of Doing Business in Canada. This publication was developed to provide a general overview of Canadian federal and Ontario law, and is intended for ... -
Article
What's Fair When Terminating a Commercial Lease? The Court of Appeal's Diverging Views in Bennett Law Chambers Professional Corporation v. Camcentre Holdings Inc., 2022 ONCA 658
On September 22, 2022, the Ontario Court of Appeal revisited the interpretation of termination notice provisions under commercial leases. The case highlights the importance for commercial leasing part...