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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

ABRY Acquires Q9 Networks

2008

Areas Banking and Finance Law, Commercial Real Estate, Private Equity

Summary

Goodmans represented The Toronto-Dominion Bank in Canada as the administrative agent with regard to the senior credit facilities in connection with ABRY Partners, LLC’s indirect acquisition of Q9 Networks Inc. for approximately $355 million. The acquisition was completed by way of a statutory plan of arrangement, pursuant to which all of the issued and outstanding common shares of Q9, other than those acquired from certain management and employees of Q9 by the acquisition vehicle, were acquired for $17.05 per share in cash. The acquisition was funded in part by senior credit facilities provided by a syndicate of lenders led by The Toronto-Dominion Bank. Mezzanine financing for the transaction was provided through a syndicate of lenders led by TD Capital, a division of The Toronto-Dominion Bank. 

Based in Boston, Massachusetts, ABRY Partners is one of the most experienced and successful media- and communications-focused private equity investment firms in North America. Since 1989, ABRY Partners has completed more than $21 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more than 500 media and communications properties.

Q9 Networks is a leading Canadian provider of outsourced data centre infrastructure for organizations with mission-critical IT operations. Q9's data centres and network are backed by an industry-leading SLA, which guarantees 100 per cent network and power availability.