Aggregate C$175 million senior acquisition financing in support of the acquisition of several multi-jurisdictional orthodontic/dental practices. This is the financing of the first private equity sponsored orthodontic “roll up” in Canada. Complexities included (i) multiple levels of debt/inter-creditor arrangements and (ii) regulatory considerations across a number of jurisdictions that necessitated a novel structure.
Fasken advised a syndicate of banks agented by The Toronto-Dominion Bank with a team comprised of David Johnson (Lead), Dev Singh (Banking and Finance), Sean Stevens(M&A), Stuart Brotman (Insolvency and Restructuring), Dan Conrad (Banking and Finance), Christopher Steeves (Tax), Scott Sangster (Banking and Finance), Allyson Roy (Real Estate) and Sergio Custodio. (Real Estate and Corporate).