Ally and Iain co-led the team in the sale of Daiya Foods Inc. to Otsuka Pharmaceuticals for C$405 million. This was a landmark transaction for the natural food industry, providing Daiya with a partner that has expertise in consumer brands, R&D, manufacturing, and global markets that can elevate the brand to new heights. It also greatly expands Otsuka’s product portfolio, adding new categories of plant-based products in North America. Moving forward, Fasken Martineau will continue to act as Canadian counsel for Daiya Foods Inc., and Ally will continue to serve as corporate secretary for the new Board.
The Deal of the Year Award celebrates a leading British Columbia sell-side transaction. This award recognizes the executive team and CEO, as well as British Columbia-based professional firms and other individuals involved whose excellence in executing on that transaction led to an exceptional outcome.
Other team members on the transaction include Michael Coburn, Ariel Laver, Martin Ferreira Pinho, Tracey Cohen, Karam Bayrakal, Roger Kuypers, Lorene Novakowski, Richard Berrow and Michael Parrish.
Fasken Martineau's M&A group provides strategic counsel in all aspects of local and cross-border M&A, including negotiated acquisitions and divestitures, joint ventures, strategic alliances and contested corporate transactions such as proxy battles and hostile take-overs. The Firm also has extensive expertise in the food and beverage space, including from a business, litigation and employment law perspective.
About ACG British Columbia
ACG British Columbia is the leading network for small and middle market M&A. ACG British Columbia’s membership is comprised of leaders in strategic corporate development, private equity, investment banking and other M&A advisory support. ACG BC is also now hosting Young ACG events offering networking opportunities to those in the industry 40 and under.
About Fasken Martineau
Fasken Martineau is a leading international business law and litigation firm. With more than 700 lawyers, the firm has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal, Québec City, London and Johannesburg. For additional information, please visit the firm's website at fasken.com.