Gus Karantzoulis

Gus Karantzoulis  

Partner

Executive Summary

Gus Karantzoulis is a partner in the Toronto office of Borden Ladner Gervais LLP, and a member of the Financial Services Group, with an emphasis on lending, securitization, private-equity and project/infrastructure financing. Gus is a member of the Toronto Regional Management Committee, Chair of the Design Committee in connection with the Toronto office’s recent move to the new Bay Adelaide Centre East Tower and Toronto regional leader of the Structured Finance and Securitization Group. His practice involves:

  • Lending: Advising Canadian and foreign financial institutions (including banks, credit unions, life insurance companies and pension funds) and borrowers on establishing and maintaining term and operating credit facilities. Particular experience in private-equity acquisition financings, high-yield bond financings and cross-border financings.
  • Securitization: Representing participants in structured finance and securitization transactions. Particular experience in securitizations of commercial mortgage loans (CMBS), residential mortgage loans (RMBS), credit card receivables and rental portfolios.
  • Project Finance: Advising governments, sponsors, lenders and underwriters regarding the financing of public-private (P3) infrastructure projects in Canada. Advising project developers, sponsors and lenders on the financing of major power projects in Canada, including wind farms, solar plants, ethanol plants, cogeneration facilities, hydroelectric facilities and ethylene plants.
  • Investment Management: Advising mutual fund managers and financial institutions relating to financing of sales commissions of deferred sales charge mutual funds.

Gus speaks/is bilingual in English and Greek.

Representative Work

  • Acting as Canadian counsel to Kohlberg Kravis Roberts & Co. L.P. in connection with its over $2.3-billion acquisition of Capsugel, the world's leading provider of hard capsules, from Pfizer Inc.
  • Advising Canada Mortgage and Housing Corporation and Canada Housing TrustTM No. 1 in connection with the Canada Mortgage Bond securitization program and the fully underwritten offerings (to date) of well in excess of $300 billion in Canada Mortgage Bonds since program launch in 2001.
  • Advising Realty Financial Advisors Inc. (RFA) on its underwriting of the B piece and unrated tranches of over $2.3 billion in commercial mortgage-backed securities offered by Claret Trust, Column Canada Issuer Corporation, Solar Trust, Merrill Lynch Financial Assets Inc., Schooner Trust and Real Estate Asset Liquidity Trust.
  • Advising a financial institution mutual fund manager in connection with the structuring and establishment of a private commercial mortgage-backed securitization transaction and substantial investment in commercial mortgage-pass through certificates.
  • Advising a financial institution in connection with the securitization of its portfolio of credit-card receivables.
  • Advising The Bank of Nova Scotia and a syndicate of financial institutions in connection with the establishment of $175-million of first-lien, senior secured credit facilities in favour of Cara Operations Limited and the simultaneous issuance by Cara Operations Limited of $200-million of second-lien, senior secured high-yield notes.
  • Advising The Bank of Nova Scotia and a syndicate of lenders in connection with the $170-million financing of the initial public offering of Cineplex Galaxy Income Fund and the $425-million financing of Cineplex Galaxy Income Fund's acquisition of the Famous Players movie theatres.
  • Acting for various participants (sponsors, bank lenders and bond underwriters) to design, build, finance, operate and/or maintain various public-private partnership (P3) projects in Canada including roads, hospitals and various energy projects.
  • Advising Royal Office Finance Limited Partnership and Canadian Leaseback Limited Partnership in connection with the issuance of over $1.2 billion of senior secured bonds to assist in the acquisition and leaseback of seven federal office properties located across Canada.
  • Advising The Manufacturers Life Insurance Company, as Agent and lead lender, Sun Life Assurance Company of Canada and Ontario Pension Board Investments Inc. in connection with the approximately $175-million project financing provided to Raleigh Wind Power Partnership and its sponsor, Invenergy Wind North America LLC, for its Raleigh wind energy project.
  • Advising Modular Space Corporation (formerly Resun Corporation), an investment of private equity firm Calera Capital, in connection with the acquisition financings (senior revolving credit facility and second lien term loan credit facility) of the North American modular space business of General Electric Capital Corporation.
  • Advising BNY Trust Company of Canada, in its capacity as Canadian co-trustee and collateral agent pursuant to a C$125-million offering of senior second lien notes of Golf Town Canada Inc. and Golfsmith International Holdings, Inc., in connection with Golf Town's acquisition of 100 per cent of the common shares of Golfsmith, a US multi-channel specialty golf retailer.
  • Acting as Canadian counsel to an investor group led by Apollo Management, LP in connection with a US$600-million cross-border acquisition financing of Linens 'N Things, one of the leading, national, large-format retailers of home textiles, housewares and decorative home accessories.
  • Advising Northland Power Inc. and its affiliates in connection with the project financing of its various power projects.
  • Acting as counsel to a Schedule I Bank in connection with the establishment of over C$146 million of senior secured credit facilities to an international private equity firm in connection with its acquisition of an ATM portfolio management services provider.
  • Advising Ernst & Young Inc., the court-appointed monitor in the CCAA proceedings, in connection with the $32-billion restructuring of Canadian third-party structured asset-backed commercial paper (ABCP).
  • Advising The Bank of Nova Scotia in connection with the financing of the initial public offering of Second Cup Royalty Income Fund.
  • Advising GreenField Ethanol Inc. in connection with its $405-million senior secured credit facilities to assist, in part, with the construction of two ethanol plants in Ontario.
  • Advising UE Waterheater Income Fund in connection with the $400-million senior secured financing of its initial public offering and acquisition of the water heater rental business owned by Union Energy Inc., a wholly owned subsidiary of EPCOR Utilities Inc.
  • Advising UE Waterheater Income Fund in connection with a $400-million secured note offering, the $140-million takeover of Voxcom Income Fund, and the $1.74-billion sale of substantially all of its assets (including the redemption and defeasance of public secured notes) to a subsidiary of private equity firm, Alinda Capital Partners LLC.

Rankings & Recognitions

  • Recognized in the 2017 and previous editions of IFLR 1000 – The Guide to the World’s Leading Financial Law Firms (Rising Star: Capital Markets - Debt, Capital Markets - Equity, Banking).
  • Recognized in the 2016 edition of The Canadian Legal Lexpert® Directory (Banking & Financial Institutions, Asset Equipment Finance/Leasing).
  • Selected by peers for inclusion in the 2016 edition (and since 2012) of The Best Lawyers in Canada® (Banking and Finance Law).
  • Recognized in the 2016 edition of IFLR 1000 – The Guide to the World’s Leading Financial Law Firms (Rising Star: Capital Markets - Debt, Capital Markets - Equity, Banking).
  • Recognized as one of Lexpert's® "Corporate Lawyers to Watch" in the 2014 Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada.
  • Recognized as one of Lexpert's® Rising Stars – Leading Lawyers under 40 (2013).
  • Recognized in 2016 (and since 2013) by the Legal Media Group's Expert Guides series in the Guide to the World's Leading Structured Finance and Securitization Lawyers.
  • Martindale-Hubbell BV® Distinguished™ Peer Review Rated.