Torys
Split between Toronto and Calgary, Torys’ capital markets group leverages the wider firm’s robust financial services expertise to excel in complex debt offerings and structured finance matters. It is also well positioned to handle equity deals. In a highlight example of its practice sweet spot, Toronto-based David Seville recently advised Scotia Capital, and the syndicate of agents, on Scotiabank’s C$1.5bn public offering of limited recourse capital notes (LRCNS). On the equity side, Toronto’s Rima Ramchandani acted for Home Capital on its issuer bid for up to C$115m of its common shares. Calgary-based Scott Cochlan co-heads the department, together with Seville and Ramchandani, and handles a range of corporate and securities work. Other key contacts in Toronto include capital markets chair Kevin Morris; corporate finance partner Glen Johnson; securitization specialist Jim Hong; and talented senior associate Michael Murphy. Up-and-coming partner Michael Pedlow is noted in Calgary. Michael Feldman retired in December 2022, while associate Brett Saulnier left to join OPTrust.
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Testimonials
Collated independently by Legal 500 research team.
‘We value the team for its expertise and experience. A firm that has worked on the most deals, and is always ready to share its knowledge.’
‘We highlight David Seville for the quality of his work, his personality and his thoughtfulness.’
‘Deep experience specific to working with financial institutions in Canada providing capital markets and securities law advice.’
‘Rima Ramchandani has been extremely responsive and works tirelessly to support us.’
Key clients
- Brookfield Corporation
- Scotia Capital
- Home Capital Group Inc. and Home Trust Company
- Enbridge
- Manulife Financial Corporation
- 407 International
- Choice Properties Real Estate Investment Trust
- Ontario Power Generation
- iA Financial Corporation
- Superior Plus
- AltaGas
- Eagle Credit Card Trust
- National Bank Financial
- TD Securities
- Anaergia
- Triple Flag Precious Metals Corp
- RBC Capital Markets
Work highlights
- Advised Brookfield on the spin-off of a 25% interest in its asset management business, which resulted in the division of Brookfield into two publicly traded companies.
- Advised Enbridge on the sale of an 11.5% non-operating interest in seven of its operating pipelines in the Athabasca region to Athabasca Indigenous Investments.
- Advised Scotia Capital, and the syndicate of agents, on Scotiabank's C$1.5bn public offering of limited recourse capital notes (LRCNs).
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Torys
Scott Cochlan is a leading capital markets lawyer with experience across industries, including oil and gas, industrials and manufacturing, and life sciences. Scott is co-head of Torys’ Capital Markets Practice. His practice includes securities and corporate law, with an emphasis on corporate finance and M&A. Scott’s pragmatic approach and extensive experience help issuers and underwriters in various complex matters, including domestic and cross-border public/private equity and debt financings, M&A, and other business reorganizations and restructurings. Scott also represents senior and junior public issuers in numerous aspects of general corporate law and securities regulatory matters, including corporate governance, continuous disclosure, regulatory compliance and transaction implementation.
Torys
A leading lawyer in his field, Glen has a wealth of securities regulatory knowledge and capital markets experience guiding major underwriters and issuers in their domestic and cross-border equity and debt finance matters.Glen regularly guides clients in their securities regulation and corporate finance matters, particularly in the area of domestic and cross-border securities offerings. He works with clients on a wide range of public equity and debt offerings, private placements and M&A transactions, with a particular emphasis on structured products.Glen also counsels Canadian issuers and securities industry participants on regulatory compliance matters, including listings, governance and disclosure issues and regulation of market participants in Canada.
Torys
Rima advises on a wide range of clients’ strategic mandates, including financings, mergers and acquisitions and corporate governance, with a practical approach informed by a long history of corporate and capital markets experience.Co-head of the Capital Markets Practice, Rima focuses on corporate and securities law, including public and private financings, corporate governance and mergers and acquisitions. Rima has represented both issuers and underwriters on numerous public offerings and private placements, with particular experience in cross-border transactions.Rima also regularly advises public company clients, including many cross-listed issuers, in a variety of industries on ongoing corporate governance and securities law matters. In her M&A practice, Rima is counsel on related party transactions, public take-over bids, and private acquisitions and divestitures.
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