Davies

Candice Turner

Candice Turner is a partner in the Taxation practice. She specializes in international corporate reorganizations, hedge fund offerings, and real estate transfers. Candice has extensive experience in financial products, offerings of stock, debt and hybrid instruments, transactions involving cross-border mergers and acquisitions, and tax controversy and litigation. In addition, Candice has specific expertise in the tax aspects of employee compensation and benefits and in tax controversy and litigation.

Prior to joining Davies, Candice was a trial lawyer for the United States Department of Justice Tax Division, where she successfully represented the government in numerous trials, hearings and other federal tax litigation matters.

Representative Work

  • Acted for Amcor Limited in its acquisition of Alcan Packaging operations from Rio Tinto plc in 31 countries for approximately US$2 billion. The acquisition enhances Amcor's position as one of the world's leading packaging companies.

  • Acted for a subsidiary of Amcor Limited in the sale of Amcor's U.S. subsidiary, Marshall Flexibles LLC, to Printpak Inc.

  • Acted for AbitibiBowater Inc. in the sale of its Snowflake, Arizona mill to Catalyst Paper Corporation in a transaction valued at US$161 million.

  • Acted for a syndicate of agents co-led by Scotia Capital Inc. and RBC Dominion Securities Inc. in a $1.2 billion offering of senior and subordinate debentures of Manulife Finance (Delaware) LP, an indirect subsidiary of Manulife Financial Corporation. The offering of subordinated debentures was the first innovative Tier 2b capital offering in Canada.

  • Acted for the underwriting syndicate of Canada Housing Trust No. 1, a special purpose securitization trust sponsored by Canada Mortgage and Housing Corporation, on the issue of an aggregate of $43.5 billion of Canada Mortgage Bonds in 2007, $35.7 billion in 2008, $46.9 billion in 2009, $39.3 billion in 2010 and $41 billion in 2011.

  • Acting for Claridge Inc. in the sale of Importations DE-RO-MA, owned by Claridge Food Group, to Smart Balance, Inc. for $66 million.

  • Acted for TD Securities Inc. and a syndicate of underwriters in a $300-million offering of Videotron Limited's senior notes due 2021.

  • Acted for Novacap Industries III, L.P., a leading Canadian private equity and venture fund, in connection with its US$87-million acquisition of Idaho Pacific Holdings, Inc. and its Canadian and U.S. subsidiaries.

  • Acted for Scotia Capital Inc. and a syndicate of underwriters in a $325-million offering of Quebecor Media Inc.'s 7 3/8% senior notes due 2021.

  • Acted for Jesta Capital Group in connection with its acquisition of the Fox Mobile Group, the wireless entertainment division of News Corporation.

  • Acted for Fronteer Development Group Inc. in its successful unsolicited insider bid for the remaining 58% of Aurora Energy Resources Inc. not already owned by Fronteer, in a transaction valuing Aurora at $175 million.

  • Acted for the Miami Access Tunnel consortium, comprised of Meridiam Infrastructure, Bouygues Travaux Publics and Transfield Services Ltd. for the design, build, finance, operation and maintenance of the US$1.3 billion greenfield Port of Miami Tunnel project. Davies also acted as lead counsel for the consortium on the financing of the Project, with the senior debt financing of US$340 million being provided through a club of 10 international banks and the subordinated debt financing of US$341 million being provided as a 35-year fixed rate loan by the United States Department of Transportation under the federal TIFIA (Transportation Infrastructure Finance and Innovation Act of 1998) program. This project was awarded the 2009 Global PPP Deal of the Year by Project Finance magazine and the 2009 Americas PPP Deal of the Year by each of Project Finance International and Project Finance magazine.

  • Acted for Mercator Minerals Ltd. in the structuring of its silver sale arrangements with Silver Wheaton Corp., pursuant to which silver equivalent to all of the silver produced by Mercator's Mineral Park mine in Arizona will be sold to Silver Wheaton in exchange for an up-front payment of US$42 million and further payments of US$3.90 per ounce.

  • Acted for AirBoss of America Corp. in the sale of the operating assets and intellectual property of its railway track fastening products business to Amsted Rail Company Inc.

  • Acted for Montréal-based Como Diffusion Inc. in regard to GB Merchant Partners, an affiliate of Gordon Brothers Group, and Crystal Capital acquiring a majority position in Como Diffusion's Como Fred David business, with Como's principals retaining a substantial stake.

  • Acted for Russel Metals Inc. in connection with its acquisition of JMS Metal Services, Inc. in a transaction valued at US$125 million.

  • Acted for the Special Committee of Dynatec Corporation in the negotiated sale of Dynatec to Sherritt International Corporation by way of a share exchange plan of arrangement in a transaction valued at $1.6 billion.

  • Acted for Tim Hortons Inc. in its spin-off from Wendy's International, Inc. valued at $4.6 billion.

  • Acted as special counsel to Tim Hortons Inc. in its $900 million initial public offering by Wendy's International, Inc. on the TSX in Canada and the NYSE in the United States.

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Recognition

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Professional Affiliations

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New York State Bar Association

American Bar Association

Board Memberships

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Community Involvement

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  • The School for Language and Communication Development
  • New York Cares

Teaching Engagements

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Speaking Engagements

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Articles and Publications

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Candice has authored and co-authored numerous articles on tax and has been published in, among others, International Tax Review and Benefits and Compensation International magazine. She was an executive editor and writing competition editor for N.Y.U. Review of Law & Social Change.

Candice Turner
Candice Turner
Partner
Office:
New York
Tel:
212.588.5588
Email:
cturner@dwpv.com
Bar Admissions:

New York, 1997

Education:

University of Alabama, B.S., Mathematics and English (with division honours), 1993

New York University School of Law, J.D., 1996; LL.M., 2000