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News Release | Rankings & Recognitions

Fasken wins an Annual Turnaround Award

Reading Time 2 minute read


Toronto (Canada) – Fasken has won an Annual Turnaround Award for ‘Energy Deal of the Year (Over $1B)’ for our role in the Recapitalization of Tervita Corporation (“Tervita”). These awards recognize the leading transactions, firms and individuals in restructuring, distressed investing and turnaround deal-making.

The award will be handed out tonight at an event in Palm Beach, FL at the 2018 Distressed Investing Summit. Organized by The M&A Advisor, the nominees represent over 250 companies. The winners were chosen by an independent jury of industry experts.

Fasken co-represented Tervita on a recapitalization transaction on December 14, 2016, which was part of its court-approved plan of arrangement under the Canada Business Corporations Act. This reduced Tervita’s total debt from $3.6 billion to $475 million. The recapitalization transaction was led by John Grieve, QC and included Travis Lysak, Kibben Jackson, Danielle Toigo and Fergus McDonnell (Insolvency), Michael Black (Energy/Corporate) and Brent Lewis (Banking). Fasken was also Canadian counsel to Tervita on a senior notes offering. That team was led by Sarah Gingrich and Georald Ingborg, and included Sandra Malcolm and Perry Feldman (Securities), Jon Holmstrom and KC Miu (Banking) and Clarke Barnes (Tax).

Fasken’s Insolvency & Restructuring Group is one of the largest in Canada. We also have extensive experience in cross-border restructurings, including under the United States Bankruptcy Code and throughout the UK and Africa. Meanwhile, our Energy Group advises private and public companies, utilities, lenders and governments involved in every aspect of the industry. Our clients span every Canadian province and 25 countries across Africa, the Middle East, Latin America and Asia.

About The M&A Advisor

For 20 years, The M&A Advisor has been publishing insight and intelligence on mergers and acquisitions. For the last 17, it has focused on M&A, restructuring and corporate finance. With offices in New York and London, this organization recognizes excellence through a number of awards. The Annual Turnaround Awards is in its twelfth year.

About Fasken

Fasken is a leading international law firm with more than 700 lawyers and 10 offices on four continents. Clients rely on us for practical, innovative and cost-effective legal services. We solve the most complex business challenges, providing exceptional value and putting clients at the centre of all we do. For additional information, please visit our website at

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