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Financial Post quotes Jon Levin in an article regarding the influence the federal government has on the sale of Home Capital Group Inc.

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“If Home Capital’s ‘strategic options’ include a sale, who might the buyers be?” by Barbara Schecter, Financial Post.

Financial Post quotes Toronto lawyer Jon Levin in an article regarding the potential buyers of Home Capital Group Inc. and the influence the federal government has on the company’s possible sale.


“Whoever steps forward, should an auction or sale take palace, the federal government and regulators are likely to have “a profound influence” on the outcome, says Jon Levin, a veteran mergers and acquisitions lawyer at Fasken Martineau LLP in Toronto.


If a sale is undertaken, potential suitors are probably most interested in buying the mortgage assets which do not appear to be “unduly problematic” rather than the whole company, he said.


“I do not see industry players rushing to buy the operating company since they would also be buying the liabilities, including regulatory liabilities,” Levin said. As for the mortgages, “I could see a buyer offering a guaranteed amount plus a contingent amount tied to loss experience.”


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