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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.

OMERS Capital Partners Acquires Golf Town Income Fund

2007

Areas Banking and Finance Law, Commercial Real Estate, Competition, Antitrust and Foreign Investment, Corporate Finance and Securities, Employment and Labour, Intellectual Property , Private Equity, REITs and Income Securities, Tax

Summary

Goodmans represented OMERS Capital Partners ("OMERS") in connection with OCPI Golf Inc.'s, a company advised by OMERS, acquisition of all of the outstanding common shares and promissory notes of Golf Town Canada Inc., an indirect wholly owned subsidiary of Golf Town Income Fund. The transaction was valued at approximately $233 million, which included the repayment of approximately $19.2 million in existing indebtedness. Senior financing for the transaction was provided by The Toronto Dominion Bank, Bank of America, N.A., Canada Branch, The Bank of Nova Scotia, HSBC Bank Canada, The Manufacturers Life Insurance Company and CIT Financial Ltd. Mezzanine financing for the transaction was provided by OMERS Administration Corporation. Following the acquisition, Golf Town Income Fund paid a special distribution to unitholders and redeemed all of its outstanding trust units for total cash consideration of $17.15 per unit.