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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.

Welltower and Revera Complete Acquisition of Regal Lifestyle Communities Through Joint Venture

2015

Areas Banking and Finance Law, Commercial Real Estate, Competition, Antitrust and Foreign Investment, Corporate and Commercial, Corporate Finance and Securities, Employment and Labour, Environmental Law, Health Care Law, Mergers and Acquisitions, Pensions, REITs and Income Securities, Tax

Summary

Goodmans represented the Welltower Inc. and Revera Inc. acquisition and joint venture entities in their acquisition of Regal Lifestyle Communities Inc. The acquisition was completed through an existing 75/25 joint venture and was effected by way of a statutory plan of arrangement pursuant to which holders of Regal common shares received $12.00 in cash per share.  Regal had a total enterprise value of approximately C$764 million.

The Regal portfolio included 23 high-quality, private pay-seniors housing communities with over 3,600 units located in Ontario, Quebec and British Columbia.