"80 Goodmans lawyers ranked as top-tier in 31 areas of law." - Canadian Legal Lexpert Directory
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.

Postmedia Network Acquires Publishing Business of Canwest for $1.1 Billion

2010

Areas Banking and Finance Law, Corporate Finance and Securities, Corporate Restructuring, Employment and Labour, Pensions, Private Equity, Tax

Summary

Goodmans represented Postmedia Network Canada Corp., the parent of Postmedia Network Inc., in connection with Postmedia Network Inc. and Postmedia Network Canada Corp.’s acquisition of the assets and business of Canwest LP and certain of its affiliates, including the Shares of National Post Inc., under a sale proceeding conducted pursuant to the Companies’ Creditors Arrangement Act. The transaction makes Postmedia Canada’s largest publisher of paid English-language daily newspapers along with a stable of community-based publications and online assets.

The aggregate enterprise value of the assets was estimated to be $1.1 billion. Postmedia Network Inc., the principal operating subsidiary of the Company, secured approximately US$935 million in the aggregate of committed financing to fund the transaction, consisting of C$250 million in equity and approximately US$685 million in senior funded debt secured by all the assets of the Postmedia and its subsidiaries.