INDUSTRIES & PRACTICES

market wise

Capital Markets
YOUR BUSINESS NEEDS CAPITAL TO GROW AND THRIVE.

Overview

Dorsey’s Capital Markets team advises clients on the full range of public and private financings in the United States and key international financial centers.  Our experience encompasses the complete spectrum of equity, debt and hybrid instruments.  Companies turn to Dorsey for all types of securities offerings, including:

  • IPOs, secondary and follow-on stock offerings
  • Investment grade and high-yield debt financings 
  • Convertible debt and preferred stock
  • Rights and warrants
  • Other equity-linked and hybrid securities
  • SEC registered, Rule 144A and Reg S offerings 
  • Private placements
  • Private investment in public equity (PIPE) offerings 
  • Registered direct offerings
  • Cross-border financing
  • Project finance
  • Securitization
  • Private equity and mezzanine financing
  • Venture capital
  • Derivatives
  • Tender offers, exchange offers and consent solicitations

Our capital markets clients range from emerging companies, Fortune 500 seasoned issuers, and venture capital and private equity sponsors to the underwriting and advisory teams of investment banks. 

In international markets, Dorsey is a leading U.S. law firm for securities advice to Canadian cross-border issuers.  We also help China-based companies raise capital, including IPOs on the Hong Kong Exchange, and India-based companies with public and private securities offerings, both in India and overseas.  We also represent companies and investment banks on IPOs and secondary offerings on the AIM market and Main Market of the London Stock Exchange. 

In the execution of capital markets transactions, clients gain from Dorsey’s broad financial products knowledge and our depth of transactional experience.  Financing transactions often involve issues requiring experience in many areas of the law.  We have deep expertise in the disciplines that often need to be marshaled in complex financings, and our Capital Markets lawyers are able to draw on the resources of Dorsey’s diverse range of more than 60 practice areas, including tax, real estate, intellectual property, health care, environmental, antitrust, corporate governance, bank regulatory, executive compensation, employee benefits, and more.

Equity + -
IPOs + -
Debt + -
High-Yield Debt + -
Canadian Cross-Border + -
Private Equity + -
Securitization + -
Derivatives + -
Project Finance + -

Experience

Representative Equity Transactions

  • Issuer's Counsel to Land O' Lakes, Inc. (a Fortune 500 Food and Agribusiness Cooperative) in $15 billion Rule 144A Offering for Cumulative Redeemable Preferred Stock 
  • Issuer's Counsel to Purple Innovation, LLC (a Consumer Products Manufacturer) in $500 million Reverse Merger Initial Public Offering for Class A Common Shares and Follow-on $254 million Public Offering for Class A Common Shares and Warrants
  • Counsel for Underwriter, Liberum Capital Limited, in £280 million million Initial Public Offering for Codemasters Group Holdings plc (a UK-based Software and Video Game Developer and Publisher)
  • U.S. Counsel for Issuer, Acreage Holdings (a Canada-based Investment Company focused on the Medical Cannabis Industry), in $314 million Private Placement of Subscription Receipts 
  • U.S. Counsel for Issuer, Alignvest Acquisition II Corporation (a Canada-based Special Purpose Acquisition Corporation), in CDN $350 million Initial Public Offering for Class A Restricted Voting Units 
  • Issuer's Counsel to Energy Fuels Inc. (a Uranium Mining Company) in $150 million At-The-Market Public Offering for Common Shares 
  • U.S. Counsel for Issuer, Arbutus Biopharma Corporation (a Canada-based Biopharmaceutical Company), in $116 million Private Placement of Series A Participating Convertible Preferred Shares 
  • U.S. Counsel for Issuer, B2Gold Corp. (a Canada-based Gold Mining Company), in $100 million At-The-Market Public Offering for Common Shares 
  • Counsel for Underwriter, Canaccord Genuity Corp., in CDN $132.3 million Initial Public Offering of The Green Organic Dutchman Holdings Ltd. (a Canada-based Cannabis Company) 
  • Issuer's Counsel to Genscript Biotech Corporation (a Hong Kong-based Investment Holding Company Focused on Life Sciences Industry) in HK $672 million Initial Public Offering
  • Counsel for Underwriter, Canaccord Genuity Corp., in CDN $107.3 million Private Placement of Subscription Receipts of Cresco Labs Finco Ltd. (a U.S.-based Cannabis Company) 
  • Issuer's Counsel to Nuvectra Corporation (a Medical Device Company) in $69 million Public Offering of Common Shares
  • Counsel for Underwriter, Piper Jaffray & Co., in $41.2 million Initial Public Offering of Common Shares of Tactile Systems Technology, Inc. (a U.S.-based Medical Technology Company)
  • Issuer's Counsel to Franklin Covey Co. (a Training Services Company) in $35 million Tender Offer for Common Shares 
  • Issuer's Counsel to Hong Kong Resources Management Limited (a Hong Kong-based Investment Holding Company Focused on the Retail Jewelry Industry) in HKD $272 million Initial Public Offering of Ordinary Shares 
  • Issuer's Counsel to EnteroMedics Inc. (a Medical Device Company, now known as ReShape Lifesciences) in $34.5 million Public Offering of Class A and Class B Units
  • Counsel for Underwriter, Roth Capital Partners LLC, in $30.6 million Initial Public Offering of Common Stock of A.S.V. Holdings, Inc. (a U.S.-based Heavy Equipment Manufacturer)
  • Counsel for Investor, Sightline Partners LLC (a Venture Capital and Private Equity Firm focused on the Medical Technology Industry), in $26.6 million Private Placement of Series C Convertible Preferred Stock of Monteris Medical Inc. (a Private Medical Device Company)
  • Counsel for Underwriters, Numis Securities Limited and Canaccord Genuity Limited, £18.4 million Firm Placing, Placing and Open Offer of New Ordinary Shares of Velocys, plc (a UK-based Renewable Fuels Company) 
  • Issuer's Counsel to Rezolute, Inc. (a Biopharmaceutical Company) in $25 million Private Placement of Series AA Preferred Stock 
  • Issuer's Counsel to CHS Inc. (a Fortune 500 Agribusiness Company) in $20 million Public Offering of Class B Cumulative Redeemable Preferred Stock 
  • Counsel for Placement Agent, Canaccord Genuity Corp., in CDN $20.6 million Private Placement of Common Shares of Regulus Resources Inc. (a Canada-based Mineral Exploration Company)

Representative Debt Transactions

  • Issuer's Counsel to The Mosaic Company (a Fortune 500 Company in the Fertilizer Industry) in $1.25 billion Public Offering of Senior Notes  
  • Issuer's Counsel to Carlisle Companies Incorporated (a Diversified Manufacturing Company) in $1 billion Public Offering of Senior Notes
  • Issuer's Counsel to General Mills, Inc. (a Fortune 500 Consumer Food Products Company) in $750 million Public Offering of Senior Notes 
  • Issuer's Counsel to CHS Inc. (a Fortune 500 Agribusiness Company) in $680 million Rule 144A Offering of Senior Notes 
  • Counsel for Guarantor, Virgin Media Investment Holdings Limited and Virgin Media Inc. (a UK-based Telecommunications and Entertainment Company), in £300 million Reg S Offering of Receivables Financing Notes 
  • U.S. Counsel for Issuer, Canopy Growth Corporation (a Canada-based Medical Cannabis Company), in CDN $500 million Rule 144A Offering for Convertible Senior Notes
  • Issuer's Counsel to Powerlong Real Estate Holdings Ltd (a Real Estate Investment Company based in Shanghai, China) in $350 million Public Offering for High-Yield Bonds 
  • U.S. Counsel for Issuer, goeasy Ltd. (a Canada-based Alternative Financial Services Company), in $325 million Rule 144A Offering of High-Yield Senior Notes 
  • Issuer's Counsel to Tennant Company (a Cleaning Products Company) in $300 million Rule 144A Offering of Senior Notes 
  • Issuer's Counsel to Tri-State Generation and Transmission Association, Inc. (a Wholesale Electric Power Supply Cooperative) in $250 million Rule 144A Offering of First Mortgage Bonds, Series 2016A
  • Issuer’s Counsel to CH2M HILL Companies, Ltd. (a Global Engineering Company) in $200 million Private Offering for Senior Fixed-Rate Notes 
  • U.S. Counsel for Issuer, Banro Corporation (a Canada-based Gold Mining Company), in $197.5 million Tender Offer for Secured Notes 
  • U.S. Counsel for Issuer, First Majestic Silver Corp. (a Canada-based Silver Mining Company), in $156.5 million Private Offering of Convertible Senior Notes
  • Issuer's Counsel to Klondex Mines Ltd. (Gold Mining Company) in CDN $129.5 million Private Placement for Subscription Receipts 
  • Issuer's Counsel to Otter Tail Power Company (Electric Utility Company) in $100 million Private Placement of Senior Notes 
  • Underwriters Counsel to BMO Capital Markets, in $65 million Private Offering of Convertible Notes of Golden Star Resources Ltd. (a Canada-based Gold Mining Company)
  • U.S. Counsel to Issuer, UrtheCast Corp. (a Canada-based Satellite Technology Company), in CDN $34 million Private Placement for Subscription Receipts 

Accolades

Contacts

Gary Tygesson
Practice Group Co-Chair
Kimberley Anderson
Practice Group Co-Chair

Industries & Practices

Securities & Financial Services Litigation & Enforcement
Government Enforcement & Corporate Investigations
  • Banking & Financial Institutions
  • Blockchain & Digital Assets
  • Canada
  • Cannabis
  • Corporate Governance & Compliance
  • Emerging Companies
  • Energy & Natural Resources
  • FinTech
  • Food, Beverage & Agribusiness
  • Government Enforcement & Corporate Investigations
  • Healthcare
  • Hong Kong
  • Investment Funds
  • Lending Transactions
  • Mergers & Acquisitions
  • Mining
  • National Security Law
  • Oil & Gas
  • Private Equity
  • Securities & Financial Services Litigation & Enforcement
  • Securitization
  • Technology