Our Toronto office represented Aimia Inc. in its termination of existing agreements with Paladin Private Equity, LLC, related to various rights and obligations in favour of Paladin in Aimia’s subsidiaries, Bozzetto Group and Cortland International, which were acquired by Aimia in 2023 for approximately C$496 million. This termination will reduce Aimia’s liabilities and terminate Paladin’s carried interest in Bozzetto and Cortland.

Our Toronto office had previously advised Aimia in connection with its contested 2023 AGM, the closing of a strategic private placement in October 2023 and the successful defense against an unsolicited takeover bid from Mithaq Capital SPC which expired in February 2024. Our litigation team represented Aimia in successfully defending against Mithaq’s application to the Capital Markets Tribunal of the Ontario Securities Commission to cease trade the private placement, resulting in a leading decision in Canada on the validity of private placements in the face of proxy battles and take-over bids.

We advised Aimia on the corporate, securities (including in obtaining exchange approval) and special situations aspects of each of the aforementioned transactions.

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