Dickinson Wright LLP Ramps Up Distressed M&A/Restructuring/Insolvency Practice with Recent Deals

June 20, 2013
As Dickinson Wright continues to grow in Toronto, the firm is taking on more transactions involving distressed M&A/Restructuring/Insolvency capitalizing on the firm’s cross-border expertise as a one-stop shop for companies. In the past year, Dickinson Wright has been involved in three high-profile transactions in the Canadian market.

“Dickinson Wright has worked hard to provide our clients – on both the buyer’s and seller’s side – seamless cross-border expertise to drive and close transactions,” says Mike Weinczok, partner at Dickinson Wright in Toronto. “We strive to act quickly and cost-effectively to assemble and deploy Dickinson Wright deal teams on both sides of the border to achieve our clients’ goals in today’s economic climate.”

Recently, Dickinson Wright represented BDO Canada Limited, the court-appointed receiver of Combat Sports Inc., in its sale of all of the sports-related assets and intellectual property of Combat Sports in both Canada and the U.S. to Bauer Performance Sports Ltd. Bauer is a leading developer and manufacturer of ice hockey, roller hockey and lacrosse equipment and apparel. Through this transaction, Bauer is able to strengthen its hold in the hockey equipment segment and expand its market share in the baseball and softball markets.

Dickinson Wright’s team of cross-border lawyers was able to close the transaction expeditiously by addressing and solving all complex deal matters both in the U.S. and Canada. Dickinson Wright was led by Mike Weinczok (Toronto - Bankruptcy/Insolvency/Restructuring) with help from Axel Kindbom (Toronto – Corporate/Commercial), James Plemmons (US – Bankruptcy/Insolvency), Dawn Copley (US – Bankruptcy/Insolvency), Lisa Corne (Toronto – Bankruptcy/Insolvency), Christopher Mitchell (US – Intellectual Property), Henry Chong (Toronto – Tax), Andrew MacLeod (US – Tax), Marc Lean (Toronto – Real Estate), Michael Atlas (Toronto – Corporate/Commercial), and Chris Graham (Toronto – Corporate/Commercial).

Bauer was represented by Stikeman Elliot LLP, Paul Weiss, Rifkind, Wharton & Garrison LLP and Smart & Biggar Fetherstonhaugh.

The other two transactions involved Wholesome Food Inc., a large Asian food conglomerate, and its Canadian affiliates, Hi-Flyer Food (Canada) Inc. and Olympus Food (Canada) Inc. Dickinson Wright represented the companies in acquiring from Duff & Phelps, the court-appointed receiver, over 120 quick-serve restaurants (QSRs) within the family of the world’s largest restaurant operator, Yum! Brands. Hi-Flyer acquired 57 QSRs in the provinces of Alberta and Manitoba while Olympus acquired 65 QSRs in the province of Quebec.

Wholesome Foods is a part of the Ramcar Food Group of companies. As the sole franchisee of KFC and other brands in the Philippines, the Ramcar Food Group is one of the Philippines’ largest operators of QSRs – operating over 1,650 QSRs in the country.

The Dickinson Wright deal team on these transactions were led by Mike Weinczok (Toronto – Bankruptcy/Insolvency/Restructuring) with help from Axel Kindbom (Toronto – Corporate/Commercial), Lisa Corne (Toronto – Bankruptcy/Insolvency), Jim McKeon (Toronto – Finance/Banking), Paul Bain (Toronto – Intellectual Property), Stewart Wallace (Toronto – Real Estate), Eric Kay (Toronto – Employment), Andy Skinner (Toronto – Labour), Henry Chong (Toronto – Tax), Kevin Weber (Toronto – Immigration), and Michael Atlas (Toronto – Corporate/Commercial).
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