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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.

Tricon Capital Group's Announces Agreement to acquire Starlight U.S. Multi-Family No. 5 Core Fund.

2019

Areas Banking and Finance Law, Corporate and Commercial, Tax

Summary

Goodmans LLP is counsel to Tricon Capital Group (“Tricon”) in connection with its arrangement agreement with Starlight U.S. Multi-Family No. 5 Core Fund (the “Fund”) to acquire all of the issued and outstanding limited partnership units of the Fund in an all-stock transaction valued at approximately US$1.4 billion. The transaction will result in the acquisition of the Fund's portfolio of 23 multi-family properties totaling 7,289 units located primarily in the U.S. Sun Belt.

Tricon will issue 50,779,314 Tricon common shares to the Fund's unitholders at an implied price of C$13.10 per Tricon share, for total equity consideration of approximately US$496 million. Tricon will also indirectly assume approximately US$916 million of the Fund's existing debt.