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Steve Malas


Steve Malas


T:+1 514.847.4792

Steve Malas practises in the area of corporate finance and securities, mergers and acquisitions, privatizations and corporate governance. He has extensive experience in M&A transactions, acting for both buyers and sellers in public and private transactions and advising boards of directors and special committees in such transactions. He also acts in Canadian and Canada / US cross-border offerings and private placements on behalf of issuers and underwriters. Mr. Malas also frequently advises on directors’ and officers’ liability, governance issues, continuous disclosure obligations and shareholder matters. He also advises on proxy battles, for both incumbents and challengers.

Mr. Malas is a member of our promotions committee, which evaluates partnership candidates for our Canadian practice.

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  • Education

    B.C.L./LL.B., McGill University, 1989

  • Representative experience


    Mr. Malas has advised the following clients, among others:

    • Enerkem Inc. in connection with a $280 million investment round comprising equity and debt with new investors BlackRock and Chinese-based Sinobioway and certain existing investors
    • Metro Inc. in connection with its acquisition by way of a combination agreement pursuant to which Metro acquires all of the outstanding Jean Coutu Group class A subordinate shares and Class B shares for $24.50 per share, representing a total consideration of approximately $4.5 billion
    • The committee of independent directors of Canam Group Inc. in connection with the acquisition by the Dutil family and American Industrial Partners of all of the issued and outstanding shares of Canam Group for $12.30 per share in cash, for a total consideration of $875 million
    • Rona Inc. in connection with the friendly acquisition by Lowe's Companies Inc. of Rona by way of plan of arrangement under the Business Corporations Act (Québec) for C$3.2 billion. Under the deal, Lowe's acquired all of the issued and outstanding common shares of Rona for $24 a share in cash
    • Stornoway Diamond Corporation in its $946 million comprehensive financing transaction with US private equity firm Orion Mine Finance, Investissement Québec, and the Caisse de dépôt et placement du Québec to fund the construction of the Renard Diamond Project, Quebec’s first diamond mine
    • La Mancha Group in connection with the sale of assets to and 30% equity investment in Endeavour Mining Corporation, and also in connection with Endeavour’s merger by way of plan of arrangement with True Gold
    • Turquoise Hill Resources in its US$4 billion project financing for the Oyu Tolgoi Project, and its US$2.4 billion rights offering and bridge facilities with Rio Tinto in an aggregate amount of US$825 million
    • Turquoise Hill Resources in the disposition of its interest in Oyut Ulaan LLC in Mongolia, a copper‑gold project, and the sale of its stake in SouthGobi Resources, an integrated coal mining, development and exploration company operating in Mongolia
    • Yellow Pages Limited in its C$50 million acquisition of ComFree/DuProprio and exclusive licensing deal and investment in MyTime
    • The special committee of the board of directors of Manac Inc. with its acquisition by a group of investors controlled by Manac Inc.'s founder for approximately C$186 million
  • Admissions
    • California State Bar 1992
    • Quebec 1991
  • Rankings and recognitions
    • Lexpert 2018 –  Repeatedly Recommended, Corporate Finance and Securities
    • IFLR (International Financial Law Review) 1000The Guide to the World’s Leading Financial Law Firms – Leading lawyer in mergers and acquisitions
    • Acritas StarsTM  2017 and 2018 – Designated as a "Star" lawyer by a panel of over 4,300 clients
  • Memberships and activities
    • Canadian Bar Association
    • Board of Trade of Metropolitan Montreal
    • Hellenic Board of Trade of Montreal