Background

Magnus Verbrugge is a partner at our Vancouver office. Magnus was admitted to the British Columbia Bar in 1998. He is a graduate of the University of Toronto with both a Bachelor of Laws and a Master of Business Administration in 1997. Previously, he received a Bachelor of Arts (History) in 1993, also from the University of Toronto.

Areas of Practice

• Magnus practises in the areas of bankruptcy & insolvency and corporate finance.

Rankings and Recognitions

• Recognized in the 2012 edition of Chambers Global - The World's Leading Lawyers for Business (Restructuring/Insolvency)
• Selected by peers for inclusion in The Best Lawyers in Canada 2012 (Banking and Finance; Insolvency and Financial Restructuring)
• Recognized in Who's Who Legal: Canada 2011 (Insolvency & Restructuring)

Professional Experience

• Partner with the firm's Insolvency and Restructuring Group and Financial Services Group.
• Magnus acts for creditors, debtors, proposal trustees and monitors in a broad range of restructurings under the Companies' Creditors Arrangement Act and the Bankruptcy and Insolvency Act. Recently, Magnus has acted as lead debtor's counsel in the following restructuring proceedings:
  • Mariposa Stores Limited Partnership (CCAA)
  • Seanix Technology Inc. (BIA Proposal)
  • Pacific Salmon Industries (CCAA)
  • NEMI Northern Energy & Mining Inc. (CCAA)
  • Twinstrand Therapeutics Inc. (BIA Proposal)
  • Blackburn Developments Ltd. (CCAA)
  • Meinhardt Fine Foods Inc. (BIA Proposal)
• Acts for financial institutions, debtors, bankruptcy trustees and receivers in connection with foreclosures, receiverships, bankruptcies and realizations.
• Acts for financial institutions, borrowers and private lenders in a broad range of secured financing transactions, including syndicated loans, leveraged buyout transactions, and asset-based lending. Recent transactions include:
  • Acting for a syndicate of lenders in connection with a $600,000,000 senior debt and bond offering by an entertainment company.
  • Acting for the Canadian lender in a cross-border $650,000,000 senior debt financing of an industrial sector company.
  • Acting as Canadian counsel for the acquiror in the financing of a $115,000,000 acquisition of a manufacturing company.
  • A $50,000,000 syndicated senior financing and $15,000,000 subordinate financing in connection with the acquisition of a building products company.
  • A $55,000,000 syndicated senior financing in connection with the acquisition of a safety services company.
  • A $60,000,000 senior secured financing of a retail business.
  • A $96,000,000 syndicated senior financing in connection with the acquisition of an oil and gas services company.
  • A $51,000,000 syndicated senior financing in connection with the acquisition of an oil and gas services company.
  • A $70,000,000 syndicated senior financing in connection with the acquisition of a building materials company.
  • A $22,000,000 senior secured financing in connection with the acquisition of a manufacturing company.

Professional and Community Activities

• Director, Vancouver International Marathon Society
• Chair, BLG Reads to Kids
• Past President, Canadian Bar Association, Banking Subsection
• Member, Canadian Bar Association, Insolvency Subsection
• Member, The Vancouver Club