Tag archives: CCAA

Rising retail bankruptcies present ample opportunity for distressed investors

By Troy Ungerman (Toronto) on November 7, 2017 Posted in Finance, M&A

The recent giant retail bankruptcy filings by Toys ‘R’ Us and Sears Canada are not standalone cases in the retail sector. According to the recent Quarterly Report Of Business Bankruptcy Filings, in 2016, the United States experienced a year-on-year increase of 26% in the number of retail company bankruptcy filings. The sector generated 15.77% of … Continue reading

New trend in distressed asset sales? “Pre-pack” sales under the CCAA

By Alexander Schmitt (Toronto) on August 30, 2016 Posted in M&A

Over the past year, we have seen the Companies’ Creditors Arrangement Act (the CCAA) used in a novel way to execute prearranged sale transactions of distressed companies’ assets, potentially indicating a new manner in which companies and their advisors are using the CCAA. In the typical asset sale under the CCAA, the applicant company obtains … Continue reading

New trend in distressed asset sales? “Pre-pack” sales under the CCAA

By Alexander Schmitt (Toronto) on March 15, 2016 Posted in Corporate finance

Notable aspects of the Mobilicity – Rogers acquisition

By Evan Cobb on September 2, 2015 Posted in Corporate finance

Earlier this summer an affiliate of Rogers Communications Inc. acquired all of the issued and outstanding shares of the corporation carrying on the Mobilicity wireless business in the context of Mobilicity’s Companies’ Creditors Arrangement Act (CCAA) proceeding. The transaction was unique in part because of the speed at which it was completed. While Mobilicity undertook … Continue reading