representative work

Smoothwater Capital Corporation and Equity Financial Holdings Inc. Complete $55.4 Million Plan of Arrangement

12/21/2017

On December 21, 2017, Smoothwater Capital Corporation completed a plan of arrangement with Equity Financial Holdings Inc. pursuant to which Smoothwater acquired 5,409,629 shares of Equity at a price of $10.25 per share for total consideration of $55.4 million. After giving effect to the arrangement, Smoothwater owns and controls 91.3% of the issued and outstanding shares of Equity.

Cassels acted for Equity with a deal team that included Lanning Abramson, Alison Manzer and John Jason (Financial Services), Jay F. King, Greg Hogan, Jackson Phillips and James Lyle (Securities), Chris Hersh (Competition), and Chris Norton (Tax).