Teranet Affiliate Completes Acquisition of D+H Collateral Management Corp. from Finastra
|Areas||Banking and Finance Law, Tax|
Goodmans represented the syndicate of lenders led by The Toronto-Dominion Bank in connection with an affiliated entity of Teranet Inc., CM Solutions Inc.'s acquisition of all of the issued and outstanding shares of D+H Collateral Management Corp., a division of Finastra Holdings Inc.
Teranet is Canada’s leader in the delivery of statutory registry services. The company is owned by OMERS Infrastructure, the infrastructure investment manager of OMERS, the defined benefit pension plan for Ontario’s municipal employees.
D+H Collateral Management Corp. is the market leader in Canadian lien registration and search, asset recovery services, and insolvency management.
TD Securities and The Bank of Nova Scotia co-led a senior credit financing in support of the acquisition.