Deals

• Oct 7, 2026

  Partners Value Split Corp.

  Co-lead underwriter · Financial Services

  Partners Value Split Corp. announced a $125 million bought deal public offering of Class AA Preferred Shares, Series 18. Currency not confirmed from the snippet (the previous Series 17 was denominated in US dollars).

  125M1 source

• Oct 7, 2026

  The Boots Group

  Lead financial advisor to Wittington; lead arranger of the acquisition financing · Retail & Pharmacy

  Buyer Wittington Investments, Limited (with Fairfax Financial Holdings Ltd.) · Seller Sycamore Partners, in partnership with Stefano Pessina and family

  Wittington Investments agreed to acquire the 1,800-store British pharmacy chain Boots from Sycamore Partners and the Pessina family for about US$8.9 billion including assumed debt, with Fairfax Financial partnering on the purchase and Wittington holding operational control. Expected to close in the first quarter of 2027.

  US$8.9B1 source

• Oct 6, 2026

  SmartCentres Real Estate Investment Trust

  Joint bookrunner · Real Estate

  SmartCentres priced $300 million of new 4.795% Series AE senior unsecured debentures due 2032 and a $150 million re-opening of its 3.599% Series AC debentures due 2029.

  C$450M1 source

• Oct 6, 2026

  Canadian Utilities Limited and ATCO Ltd.

  Financial advisor and fairness opinion to the ATCO special committee · Power & Utilities

  Buyer Emera Inc.

  Emera agreed an all-stock merger with Canadian Utilities and its parent ATCO, valuing the Alberta companies' shares at about $14.3 billion and implying a combined enterprise value of roughly $72 billion. ATCO's housing, defence and ports businesses would be spun out into a separately listed company. Expected to close in the second half of 2027.

  C$14.3B1 source

• Oct 5, 2026

  Athabasca Oil Corporation

  Exclusive financial advisor to Cenovus · Energy (Oil Sands)

  Buyer Cenovus Energy Inc.

  Cenovus agreed to buy Athabasca Oil through a plan of arrangement at $12.00 per share in cash and Cenovus shares, an implied enterprise value of about $5.7 billion, adding thermal oil sands production near its Christina Lake assets.

  C$5.7B2 sources

• Oct 1, 2026

  Ontario Teachers' Cadillac Fairview Properties Trust C$900 million senior unsecured notes

  Co-manager · Real Estate

  The Cadillac Fairview property trust made its inaugural Canadian-dollar bond issue under a new program: a C$900 million private placement split evenly between 4.394% notes due 2030 and 4.727% notes due 2033. Date is the completion date reported by counsel.

  C$900M1 source

• Sep 28, 2026

  Slate Grocery REIT

  Independent fairness opinion to the special committee and board · Real Estate

  Buyer Brixmor Property Group Inc. and Everview Partners

  Slate Grocery REIT agreed to be acquired by Brixmor and Everview Partners for US$13.00 per unit in cash by plan of arrangement, a US$2.3 billion transaction following a competitive auction run by a special committee.

  US$2.3B2 sources

• Sep 28, 2026

  Canadian Pacific Railway Company C$1.8 billion notes (guaranteed by CPKC)

  Joint lead agent and joint active bookrunner · Transportation

  CPKC's railway subsidiary offered C$1.8 billion of Canadian-dollar notes in four tranches maturing 2030 to 2056, mainly to refinance existing debt.

  C$1.8B2 sources

• Sep 28, 2026

  Apotex Health Corp. C$1.25 billion inaugural senior unsecured notes

  Co-manager · Healthcare / Pharmaceuticals

  Apotex priced its first bond deal, C$1.25 billion of senior unsecured notes in three series due 2029, 2031 and 2033, to refinance existing debt.

  C$1.25B2 sources

• Sep 23, 2026

  Canadian Imperial Bank of Commerce US$1.3 billion senior notes due 2030

  Joint book-running manager · Financial Services

  CIBC priced an SEC-registered offering of US$300 million floating rate and US$1 billion 5.627% fixed-to-floating rate senior notes due 2030 for general corporate purposes.

  US$1.3B1 source

• Sep 22, 2026

  Topaz Energy Corp. (bought deal secondary offering of common shares)

  Underwriter · Oil & Gas / Royalties and Infrastructure

  Seller Tourmaline Oil Corp.

  Tourmaline agreed to sell 10 million Topaz common shares at C$28.75 to underwriters on a bought deal basis for about C$287.5 million, cutting its stake from about 12.9% to 6.4%, and said it would redeploy proceeds into share repurchases.

  C$288M2 sources

• Sep 21, 2026

  Vista Gold Corp.

  Financial advisor to Vista Gold; fairness opinion to the board · Mining

  Buyer Artemis Gold Inc.

  Artemis Gold agreed to acquire Vista Gold, owner of the Mt Todd gold project in Australia, by plan of arrangement in a transaction valued at about US$427 million.

  US$427M1 source

• Sep 15, 2026

  Sagen MI Canada Inc.

  Agent · Insurance

  Mortgage insurer Sagen MI Canada issued $300 million of 4.947% unsecured debentures due 2033 by private placement, largely to refinance its 2.955% debentures due 2027.

  C$300M2 sources

• Sep 15, 2026

  Dream Summit Industrial LP

  Lead agent · Real Estate

  Dream Summit Industrial LP priced a C$300 million private placement of 4.432% Series J senior unsecured debentures due March 2030, to repay debt and fund acquisitions.

  C$300M1 source

• Sep 14, 2026

  Alaris Equity Partners Income Trust (bought deal offering of trust units)

  Co-lead underwriter · Financial Services / Private Capital

  Alaris announced a C$100 million bought deal of trust units at C$22.40 alongside a US$95 million investment in new partner Nexus; with the over-allotment option exercised in full the offering closed at about C$115 million, with proceeds used to repay credit facility debt.

  C$115M2 sources

• Sep 14, 2026

  Choice Properties REIT C$300 million Series Y senior unsecured debentures

  Co-lead agent · Real Estate

  Choice Properties agreed to issue C$300 million of 4.836% Series Y debentures due 2033 on a private placement agency basis to refinance its Series Q debentures maturing in November 2026.

  C$300M1 source

• Sep 10, 2026

  Strategic equity partnership in a 2.7 GW U.S. renewable portfolio

  Exclusive financial advisor to Invenergy · Power & renewables

  Buyer HA Sustainable Infrastructure Capital (HASI) · Seller Invenergy

  Invenergy and HASI expanded their partnership with a structured equity investment in solar, solar-plus-storage and wind projects totalling 2.7 GW. CIBC's September 2026 deal news describes the partnership as closed.

  Undisclosed2 sources

• Sep 10, 2026

  RISEC Holdings, LLC (Rhode Island State Energy Center, 609 MW)

  Financial advisor to Seller · Power generation

  Buyer Constellation Energy Generation, LLC · Seller Shell Energy North America

  Shell agreed to sell its interest in the 609 MW gas-fired combined-cycle plant to Constellation. Closing is expected in Q1 2027.

  US$715M2 sources

• Sep 9, 2026

  CGI Inc.

  Lead agent · Technology

  CGI priced a C$500 million private placement of senior unsecured notes in two C$250 million series (3.25-year and 4.75-year) to repay debt and for general corporate purposes.

  C$500M1 source

• Sep 9, 2026

  Rogers Communications Inc. US$1 billion and C$600 million fixed-to-fixed rate subordinated notes due 2057

  Co-manager (US notes); co-lead manager (Canadian private placement) · Telecommunications

  Rogers priced US$1 billion of hybrid subordinated notes in two series (7.150% and 7.400%, due 2057) in the US and a concurrent C$600 million 6.000% Canadian private placement, using proceeds to redeem or repurchase its 2081 and 2082 subordinated notes.

  Undisclosed4 sources

• Sep 9, 2026

  Fortis Inc. US$1 billion fixed-to-fixed rate junior subordinated notes due 2057

  Underwriter (co-manager) · Utilities

  Fortis priced two US$500 million tranches of hybrid junior subordinated notes (6.625% and 6.875%, both due 2057) to repay maturing debt and for general corporate purposes.

  US$1B1 source

• Sep 8, 2026

  Fairstone Bank of Canada

  Joint bookrunner · Financial Services

  Fairstone Bank closed a $500 million offering of 4.310% three-year senior unsecured deposit notes, upsized from a $400 million minimum after about $1.7 billion of orders.

  C$500M1 source

• Sep 8, 2026

  Headwater Exploration Inc.

  Strategic advisor to Tamarack · Oil & Gas

  Buyer Tamarack Valley Energy Ltd.

  Tamarack Valley and Headwater agreed to merge in an all-stock transaction valued at $10 billion, creating a Clearwater-focused oil producer and spinning out a new exploration company.

  C$10B1 source

• Aug 27, 2026

  Interest in Enbridge's Westcoast pipeline system expansions (Aspen Point and Sunrise)

  Financial advisor to KKR · Energy infrastructure / natural gas pipelines

  Buyer KKR, with funds managed by Apollo · Seller Enbridge Inc.

  KKR and Apollo agreed to fund about C$2.7 billion of Westcoast expansion capex through a joint venture with Enbridge, for an indirect 29% interest once Sunrise is in service. CIBC lists the JV formation in its September 2026 deal news.

  C$2.7B2 sources

• Aug 25, 2026

  Mid-Georgia Cogen (317 MW cogeneration facility, Kathleen, GA)

  Exclusive financial advisor to Seller · Power generation

  Buyer Harbert Management Corporation · Seller Rockland Capital

  Rockland Capital sold a dual-fuel combined-cycle cogeneration plant that has a new 20-year power purchase agreement with Georgia Power starting in 2028.

  Undisclosed2 sources

• Aug 11, 2026

  H&R Real Estate Investment Trust

  Exclusive financial advisor to H&R; fairness opinion to the independent trustees · Real Estate

  Buyer GO Residential REIT-led consortium (incl. Blackstone Real Estate funds, Crestpoint, PSP Investments and CRAL)

  H&R REIT agreed to sell all of its assets to GO Residential REIT and a consortium of co-purchasers by plan of arrangement for $4.28 cash plus 0.5688 GO REIT units per unit, a transaction valued at about $6.7 billion.

  C$6.7B1 source

• Jun 2, 2026

  Highwood Wilson Creek assets

  Strategic advisor to Highwood · Oil & Gas

  Buyer Obsidian Energy Ltd. · Seller Highwood Asset Management Ltd.

  Highwood agreed to sell its Wilson Creek assets to Obsidian Energy for $105 million in cash plus contingent payments, up to $112 million.

  C$112M1 source

• May 13, 2026

  Orla Mining Ltd.

  Fairness opinion to the Equinox board · Mining

  Buyer Equinox Gold Corp.

  Equinox Gold and Orla Mining agreed to an at-market combination by plan of arrangement, creating a North American senior gold producer with an implied market capitalization of about $18.5 billion.

  Undisclosed1 source

• Apr 2026

  Lumina Metals Corp.

  Co-lead underwriter and joint bookrunner · Mining

  Lumina Metals closed an upsized TSX initial public offering and secondary offering at $12.50 per share for total gross proceeds of about $406 million.

  C$406M1 source

• Dec 15, 2025

  TRC Companies, Inc.

  Financial advisor to WSP · Engineering Services

  Buyer WSP Global Inc.

  WSP agreed to acquire U.S. power and energy engineering firm TRC for a cash price of US$3.3 billion (about C$4.5 billion), backed by committed term loans and an equity raise.

  US$3.3B1 source

• Dec 15, 2025

  WSP Global Inc.

  Joint bookrunner · Engineering Services

  Bought-deal offering of common shares for gross proceeds of $732 million, announced alongside the TRC acquisition, with a concurrent private placement to La Caisse.

  C$732M1 source

• Dec 4, 2025

  TELUS Corporation

  Lead underwriter (US notes) · Telecommunications

  TELUS priced US$1.5 billion of fixed-to-fixed rate junior subordinated notes in two series, alongside a concurrent C$ offering, to support deleveraging.

  US$1.5B1 source

• Dec 3, 2025

  PC Financial (President's Choice Bank)

  Exclusive financial advisor to Loblaw · Banking

  Buyer EQB Inc. · Seller Loblaw Companies Limited

  EQB agreed to acquire PC Financial from Loblaw at 1.15x book value (estimated $800 million) and become exclusive financial partner of PC Optimum; Loblaw expects about $1.3 billion in total value.

  C$800M1 source

• Dec 2025

  Premium Brands Holdings Corporation

  Co-lead underwriter; sole bookrunner and agent on concurrent private placement · Food Products

  Premium Brands completed $600 million of public subscription receipt and convertible debenture offerings plus a concurrent private placement; the original launch date is not given in the cited release.

  C$600M1 source

• Nov 19, 2025

  Brookfield Corporation

  Joint bookrunner · Asset Management / Diversified

  Bought-deal issue of 8,000,000 Class A Preference Shares, Series 54 (C$200 million, up to C$250 million with option).

  C$200M1 source

• Nov 13, 2025

  ECN Capital Corp.

  Lead financial advisor to ECN; fairness opinion to the board and special committee · Specialty Finance

  Buyer Investor group led by Warburg Pincus

  A Warburg Pincus-led group agreed to acquire ECN Capital for C$3.10 per common share in cash, an enterprise value of about C$1.9 billion.

  C$1.9B1 source

• Nov 3, 2025

  New Gold Inc.

  Financial advisor to the special committee; fairness opinion · Mining & Metals

  Buyer Coeur Mining, Inc.

  Coeur agreed to acquire New Gold by plan of arrangement in an all-share deal implying an equity value of about $7 billion, creating an all-North American precious metals producer.

  US$7B1 source

• Oct 30, 2025

  Boyd Group Services Inc.

  Joint passive bookrunner · Automotive Services

  Private placement of C$525 million 5.50% senior unsecured notes due 2030 to help fund the Joe Hudson's acquisition.

  C$525M1 source

• Oct 8, 2025

  Rockpoint Gas Storage Inc.

  Underwriter (syndicate member) · Energy Infrastructure (Gas Storage)

  Rockpoint priced an upsized IPO of 32 million Class A shares at C$22.00 for gross proceeds of about C$704 million (date is the pricing announcement).

  C$704M1 source

• Oct 2025

  Allied Gold Corporation

  Underwriter · Mining (Gold)

  Overnight marketed offering of common shares for C$175 million, closed October 24, 2025.

  C$175M1 source

• Sep 15, 2025

  Keyera Corp.

  Co-lead dealer and joint bookrunner · Midstream Energy

  Keyera agreed to issue $2.3 billion of senior unsecured notes and $500 million of fixed-to-fixed rate subordinated (hybrid) notes by private placement.

  C$2.8B1 source

• Sep 4, 2025

  EMX Royalty Corporation

  Financial advisor to EMX; fairness opinion to the EMX board · Mining & Metals (Royalties)

  Buyer Elemental Altus Royalties Corp.

  Elemental Altus agreed to acquire EMX by plan of arrangement to form Elemental Royalty Corp., supported by a US$100 million placement from Tether.

  Undisclosed1 source

• Aug 22, 2025

  MEG Energy Corp.

  Financial advisor to Cenovus · Oil & Gas

  Buyer Cenovus Energy Inc.

  Cenovus agreed to acquire MEG for $27.25 per share (75% cash, 25% Cenovus shares) by plan of arrangement, valuing MEG at about $7.9 billion including debt.

  C$7.9B2 sources

• Aug 21, 2025

  Canada Goose Holdings Inc.

  Lead arranger and joint bookrunner · Apparel

  Refinancing amendment to Canada Goose's term loan credit agreement dated August 21, 2025.

  Undisclosed1 source

• Aug 13, 2025

  Hanesbrands Inc.

  Financial advisor to Gildan (affiliate also provided committed financing) · Apparel

  Buyer Gildan Activewear Inc.

  Gildan agreed to acquire HanesBrands in a cash-and-stock deal implying an equity value of about US$2.2 billion and an enterprise value of about US$4.4 billion.

  US$4.4B1 source

• Aug 11, 2025

  Fairfax Financial Holdings Limited

  Dealer (syndicate member) · Insurance

  Fairfax launched a C$700 million offering of senior notes.

  C$700M1 source

• Jul 27, 2025

  First National Financial Corporation

  Financial advisor to Birch Hill and Brookfield · Financial Services (Mortgage Lending)

  Buyer Birch Hill Equity Partners and Brookfield (Regal Bidco Inc.)

  Birch Hill and Brookfield agreed to acquire First National at an implied equity value of about $2.9 billion, with founders Stephen Smith and Moray Tawse rolling part of their stakes.

  C$2.9B1 source

• Jul 24, 2025

  GO Residential Real Estate Investment Trust

  Joint active bookrunner · Real Estate (Multifamily REIT)

  GO Residential REIT filed its final prospectus and completed a US$410 million IPO of trust units at US$15.00 (date is the final prospectus announcement).

  US$410M2 sources

• Jul 7, 2025

  Sandstorm Gold Ltd. and Horizon Copper Corp.

  Fixed-fee independent fairness opinion to the special committee · Mining & Metals (Royalties/Streaming)

  Buyer Royal Gold, Inc.

  Royal Gold agreed to acquire Sandstorm in an all-share deal valued at about $3.5 billion, and concurrently Horizon Copper in an all-cash deal of about $196 million.

  US$3.5B1 source

• Jun 17, 2025

  Plains' Canadian NGL business

  Joint bookrunner, $1.8 billion bought-deal subscription receipt offering · Energy - Midstream

  Buyer Keyera Corp. · Seller Plains All American

  Keyera agreed to acquire Plains' Canadian natural gas liquids business for $5.15 billion, partly funded by a $1.8 billion bought-deal offering of subscription receipts.

  C$5.15B2 sources

• Jun 3, 2025

  Pet Valu Holdings Ltd. (secondary offering)

  Underwriter, secondary bought deal · Consumer - Specialty Retail

  Roark Capital-affiliated selling shareholders agreed to sell about 20.0 million Pet Valu shares at C$28.85 in a C$576 million secondary bought deal.

  C$576M1 source

• May 14, 2025

  Strathcona Resources' Kakwa Montney asset

  Financial advisor to Strathcona on the Kakwa sale · Energy - Oil & Gas E&P

  Buyer ARC Resources Ltd. · Seller Strathcona Resources Ltd.

  Strathcona agreed to sell its Kakwa asset to ARC Resources for about $1.695 billion in total value, one of three sales disposing of its Montney business.

  C$1.7B1 source

• Apr 24, 2025

  Andlauer Healthcare Group Inc.

  Financial advisor to the company, its board and special committee; fairness opinion · Healthcare Logistics

  Buyer United Parcel Service (UPS)

  UPS agreed to acquire Andlauer Healthcare Group for C$55.00 per share in cash, a 31% premium, adding its cold-chain healthcare logistics network to UPS Healthcare.

  Undisclosed1 source

• Apr 14, 2025

  Hummel Station and Rolling Hills Generating Station

  Co-lead underwriter, bought-deal common share offering · Power & Renewables

  Buyer Capital Power Corporation · Seller LS Power

  Capital Power agreed to buy two PJM natural gas plants (Hummel and Rolling Hills, about 2.2 GW) from LS Power subsidiaries for about US$2.2 billion, funded partly by a $500 million common share offering and a committed term loan.

  US$2.2B1 source

• Feb 25, 2025

  Innergex Renewable Energy Inc.

  Financial advisor to Innergex; fairness opinion to the board and special committee · Power & Renewables

  Buyer CDPQ

  CDPQ agreed to acquire Innergex for $13.75 per share in cash, a total enterprise value of about $10.0 billion including project-level debt.

  C$10B1 source

• Jan 27, 2025

  Porcupine Complex (Timmins, Ontario)

  Financial advisor and fairness opinion to the special committee · Mining - Gold

  Buyer Discovery Silver Corp. · Seller Newmont Corporation

  Discovery agreed to buy Newmont's Porcupine gold complex for US$425 million in total consideration, financed with Franco-Nevada funding and a public offering.

  US$425M1 source

• Dec 9, 2024

  Freehold Royalties Ltd.

  Co-lead underwriter (bought deal) · Oil & Gas (royalties)

  Freehold agreed to buy Midland Basin mineral and royalty interests for about C$216 million and launched a C$125.1 million bought deal, upsized to C$150 million on Dec. 10, 2024, to help fund it.

  C$150M2 sources

• Oct 25, 2024

  Whitecap Resources Inc.

  Agent · Oil & Gas (E&P)

  Whitecap priced an inaugural C$400 million offering of 4.382% investment-grade senior unsecured notes due 2029.

  C$400M1 source

• Sep 12, 2024

  Melcor Real Estate Investment Trust

  Exclusive financial advisor to Melcor Developments · Real Estate (REIT)

  Buyer Melcor Developments Ltd.

  Melcor Developments agreed to acquire the units of Melcor REIT it did not already own (about 45%) for C$4.95 per unit in cash via plan of arrangement; the deal was later amended in November 2024.

  Undisclosed1 source

• Sep 12, 2024

  Doman Building Materials Group Ltd.

  Joint bookrunner · Building materials distribution

  Doman priced C$265 million of 7.50% senior unsecured notes due 2029 through an underwritten offering.

  C$265M1 source

• Sep 9, 2024

  Veren Inc. Alberta Montney infrastructure interests

  Financial advisor to Veren · Oil & Gas (midstream)

  Buyer Pembina Gas Infrastructure · Seller Veren Inc.

  Veren entered a long-term infrastructure partnership with Pembina Gas Infrastructure covering certain Alberta Montney assets, receiving C$400 million of net cash proceeds earmarked for debt reduction.

  C$400M1 source

• Aug 12, 2024

  POWER Engineers, Inc.

  Joint bookrunner of concurrent public offering; sole arranger and sole bookrunner of committed credit facilities · Engineering & Consulting

  Buyer WSP Global Inc.

  WSP agreed to acquire U.S. power and energy consultancy POWER Engineers for US$1.78 billion, financed partly through a bought deal public offering, private placements with CDPQ and others, and committed credit facilities.

  US$1.78B1 source

• Aug 8, 2024

  TELUS Corporation

  Lead agent · Telecommunications

  TELUS priced C$700 million of 7-year senior unsecured notes through an agency syndicate.

  C$700M1 source

• Jul 30, 2024

  TC Energy NGTL System and Foothills Pipeline (5.34% equity interest)

  Financial advisor to TC Energy · Pipelines (natural gas)

  Buyer Indigenous-owned investment partnership · Seller TC Energy Corporation

  TC Energy agreed to sell a 5.34% equity interest in its NGTL System and Foothills Pipeline assets to an Indigenous-owned investment partnership for C$1 billion (C$1.65 billion implied enterprise value).

  C$1B1 source

• Jul 22, 2024

  Sleep Country Canada Holdings Inc.

  Financial advisor to Sleep Country and the special committee · Retail

  Buyer Fairfax Financial Holdings Limited

  Fairfax agreed to acquire Sleep Country for C$35.00 per share in cash via plan of arrangement, a total enterprise value of about C$1.7 billion.

  C$1.7B1 source

• Jul 22, 2024

  A&W Revenue Royalties Income Fund

  Financial advisor to A&W Food Services · Restaurants (QSR)

  Buyer A&W Food Services of Canada Inc.

  A&W Revenue Royalties Income Fund and A&W Food Services of Canada agreed to a strategic combination creating a TSX-listed QSR franchisor in which TorQuest-managed funds would hold about 19.4%.

  Undisclosed1 source

• Jun 25, 2024

  Cedar LNG Partners LP

  Sole financial advisor to the Haisla Nation on its First Nations Finance Authority financing · LNG / Energy Infrastructure

  Cedar LNG reached a positive final investment decision on its roughly US$4.0 billion floating LNG project, about 60% funded with asset-level debt including a syndicated construction term loan.

  Undisclosed1 source

• Jun 17, 2024

  iA Financial Corporation Inc.

  Co-lead agent · Insurance

  iA Financial announced a $350 million offering of 6.921% Limited Recourse Capital Notes Series 2024-1.

  C$350M1 source

• May 14, 2024

  CES Energy Solutions Corp.

  Co-manager · Oilfield Services

  CES agreed to sell $200 million of 6.875% senior unsecured notes due 2029 by private placement.

  C$200M1 source

• May 13, 2024

  New Afton mine free cash flow interest (portion held by Ontario Teachers')

  Lead underwriter, concurrent US$150 million bought deal · Mining (Copper-Gold)

  Buyer New Gold Inc. · Seller Ontario Teachers' Pension Plan

  New Gold agreed to buy back part of Ontario Teachers' free cash flow interest in the New Afton mine, cutting it from 46.0% to 19.9%, for US$255 million upfront, funded partly by a US$150 million bought deal.

  US$255M1 source

• May 9, 2024

  Intact Financial Corporation

  Co-lead agent · Insurance

  Intact agreed to issue $300 million of Series 15 unsecured medium term notes by private placement.

  C$300M1 source

• May 8, 2024

  Pet Valu Holdings Ltd.

  Co-lead underwriter · Retail

  Seller Roark Capital-affiliated funds (PV Holdings S.à r.l. and others)

  Roark Capital-affiliated shareholders agreed a C$175 million secondary bought deal of 5.9 million Pet Valu shares at C$29.65.

  C$175M1 source

• Apr 7, 2024

  Karora Resources Inc.

  Co-advisor to Karora · Mining (Gold)

  Buyer Westgold Resources Limited

  ASX-listed Westgold agreed to acquire Karora by plan of arrangement for Westgold shares, cash and SpinCo shares (about A$6.60 per Karora share), leaving Karora holders with roughly 49.9% of the enlarged company.

  Undisclosed1 source

• Mar 27, 2024

  Argonaut Gold Inc.

  Financial advisor to Alamos and its board · Mining (Gold)

  Buyer Alamos Gold Inc.

  Alamos agreed to acquire Argonaut, including the Magino mine next to its Island Gold mine in Ontario, in an all-share deal (0.0185 Alamos shares plus one SpinCo share per Argonaut share) valued at about US$325 million.

  US$325M1 source

• Mar 13, 2024

  TrueContext Corporation

  Financial advisor to Battery · Software

  Buyer Battery Ventures

  Battery Ventures agreed to acquire TrueContext for $1.07 per share in cash, about $150 million of equity on a fully diluted basis.

  C$150M1 source

• Feb 22, 2024

  Cogeco Communications Inc.

  Lead agent and joint bookrunner · Telecommunications

  Cogeco Communications priced $275 million of 6.125% senior unsecured notes due 2029 through an agency syndicate.

  C$275M1 source

• Feb 21, 2024

  Enerplus Corporation

  Co-financial advisor to Enerplus · Oil & Gas

  Buyer Chord Energy Corporation

  Chord and Enerplus agreed to combine through a plan of arrangement in a stock-and-cash transaction described as approximately US$11 billion (combined enterprise value), with Enerplus shareholders owning about 33% of the Williston-focused combined company.

  US$11B1 source

• Feb 20, 2024

  H&R Real Estate Investment Trust

  Co-lead agent and bookrunner · Real Estate

  H&R REIT agreed to sell $250 million of Series T senior unsecured debentures on a private placement best-efforts agency basis.

  C$250M1 source

• Feb 12, 2024

  TMX Group Limited

  Agent (syndicate member) · Exchanges / Financial Services

  TMX priced a $1.1 billion Canadian private placement of senior unsecured debentures in three series (2029, 2032 and a longer series).

  C$1.1B1 source

• Feb 6, 2024

  Dream Summit Industrial LP

  Agent (syndicate member) · Real Estate (Industrial)

  Dream Summit Industrial priced a C$250 million private placement of 5.111% Series E senior unsecured debentures due 2029.

  C$250M1 source

• Jan 17, 2024

  Dye & Durham Limited

  Underwriter (syndicate member) · Legal Technology

  Dye & Durham agreed a bought deal of 10.4 million shares at C$12.10 (about $126 million); with the over-allotment exercised it closed at about $145 million.

  C$126M2 sources

• Jan 2, 2024

  Care Pharmacies (majority interest)

  Exclusive financial advisor to Calgary Co-op · Retail / Pharmacy

  Buyer Calgary Co-op

  A Calgary Co-op subsidiary agreed to become the majority shareholder of Care Pharmacies, with closing expected in the first quarter of 2024.

  Undisclosed1 source

• Nov 13, 2023

  Elk Valley Resources (Teck steelmaking coal business)

  Financial advisor to Teck · Mining

  Buyer Glencore plc (77%) and Nippon Steel Corporation (20%) · Seller Teck Resources Limited

  Teck agreed to sell its entire steelmaking coal business, Elk Valley Resources, with a majority stake to Glencore at an implied enterprise value of US$9.0 billion on a 100% basis and a minority stake to Nippon Steel.

  US$9B1 source

• Nov 6, 2023

  Hammerhead Energy Inc.

  Financial advisor to Hammerhead; fairness opinion to the board · Oil & Gas

  Buyer Crescent Point Energy Corp.

  Crescent Point agreed to acquire Alberta Montney producer Hammerhead Energy by plan of arrangement for total consideration of about $2.55 billion including debt.

  C$2.55B3 sources

• Sep 7, 2023

  CWC Energy Services Corp.

  Financial advisor to CWC (per arrangement agreement) · Oilfield Services

  Buyer Precision Drilling Corporation

  Precision Drilling agreed to acquire CWC Energy Services for about $141 million in shares, cash and assumed debt.

  C$141M2 sources

• Aug 6, 2023

  OreCorp Limited

  Financial advisor to OreCorp · Mining

  Buyer Silvercorp Metals Inc.

  Silvercorp agreed to acquire ASX-listed OreCorp, developer of the Nyanzaga gold project in Tanzania, first by scheme and later via an off-market takeover offer launched in December 2023.

  Undisclosed2 sources

• Aug 1, 2023

  Pipestone Energy Corp.

  Financial advisor to Strathcona · Oil & Gas

  Buyer Strathcona Resources Ltd.

  Strathcona agreed to acquire Pipestone in an all-share transaction that created a public company with an initial enterprise value of about C$11.5 billion.

  Undisclosed1 source

• Apr 13, 2023

  Copper Mountain Mining Corporation

  Financial advisor to Copper Mountain · Mining

  Buyer Hudbay Minerals Inc.

  Hudbay agreed to combine with Copper Mountain in an all-share plan of arrangement, creating the third-largest copper producer in Canada.

  Undisclosed1 source

• Feb 28, 2023

  Ranger Oil Corporation

  Financial advisor to Baytex · Oil & Gas

  Buyer Baytex Energy Corp.

  Baytex agreed to acquire Eagle Ford producer Ranger Oil for total consideration of about US$2.5 billion (C$3.4 billion) including assumed net debt.

  US$2.5B1 source

• Jan 20, 2023

  Magnet Forensics Inc.

  Independent valuator to the special committee; fairness opinion · Technology / Software

  Buyer Thoma Bravo (Morpheus Purchaser Inc.)

  Thoma Bravo agreed to take Magnet Forensics private for C$44.25 per share, an aggregate equity value of about C$1.8 billion, with founders rolling part of their stake.

  C$1.8B1 source

• Nov 10, 2022

  Maverix Metals Inc.

  Fairness opinion to the board · Mining (Royalties & Streams)

  Buyer Triple Flag Precious Metals Corp.

  Triple Flag agreed to acquire royalty company Maverix by plan of arrangement, implying an equity value of about US$606 million.

  US$606M1 source

• Oct 11, 2022

  Westinghouse Electric Company

  Financial advisor to Cameco · Power & Utilities (Nuclear)

  Buyer Brookfield Renewable Partners (51%) and Cameco Corporation (49%) · Seller Brookfield Business Partners and institutional partners

  Cameco and Brookfield Renewable formed a partnership to buy Westinghouse from Brookfield Business Partners at a total enterprise value of US$7.875 billion. BBU's independent committee obtained a formal valuation because the sale was a related-party transaction.

  US$7.88B3 sources

• Oct 3, 2022

  Algonquin operating wind portfolio interests (U.S. and Canada)

  Exclusive financial advisor to AQN · Power & Utilities

  Buyer InfraRed Capital Partners (SLC Management / Sun Life) · Seller Algonquin Power & Utilities Corp.

  Algonquin agreed to sell ownership interests in operating US and Canadian wind facilities to InfraRed in its first asset-recycling transaction.

  Undisclosed1 source

• Sep 26, 2022

  Hammerhead Resources Inc.

  Financial and capital markets advisor to Hammerhead · Oil & Gas

  Buyer Decarbonization Plus Acquisition Corporation IV

  Montney producer Hammerhead agreed to go public through a business combination with SPAC Decarbonization Plus Acquisition Corporation IV.

  Undisclosed1 source

• Sep 12, 2022

  Deltastream Energy Corporation

  Strategic advisor to Tamarack · Oil & Gas

  Buyer Tamarack Valley Energy Ltd.

  Tamarack agreed to buy private Clearwater oil producer Deltastream for $1.425 billion of cash, deferred payment and shares, funded partly by new term debt and sustainability-linked notes.

  C$1.43B1 source

• Jul 18, 2022

  High Arctic Energy Services well servicing and rentals divisions

  Exclusive financial advisor to Precision · Energy Services

  Buyer Precision Drilling Corporation · Seller High Arctic Energy Services Inc.

  Precision agreed to buy High Arctic's well servicing business and rental assets for $38.2 million in cash.

  C$38.2M1 source

• Jul 6, 2022

  Resolute Forest Products Inc.

  Exclusive financial advisor to Resolute · Forest Products

  Buyer The Paper Excellence Group (through Domtar Corporation)

  Paper Excellence, through Domtar, agreed to acquire Resolute for US$20.50 per share plus a contingent value right tied to softwood lumber duty refunds, an enterprise value of about US$2.7 billion.

  US$2.7B1 source

• Mar 28, 2022

  Leucrotta Exploration Inc.

  Exclusive financial advisor to Vermilion · Oil & Gas

  Buyer Vermilion Energy Inc.

  Vermilion agreed to acquire Montney-focused Leucrotta by plan of arrangement for a net cash purchase price of $477 million.

  C$477M1 source

• Nov 17, 2021

  Definity Financial Corporation

  Co-manager · Insurance (Property & Casualty)

  Definity priced its demutualization IPO of 63.6 million common shares at $22, together with cornerstone private placements, for about $2.1 billion in total.

  C$2.1B1 source

• Nov 2, 2021

  E Automotive Inc.

  Lead underwriter · Technology (Automotive Marketplace)

  E Automotive priced its upsized TSX IPO of 5.9 million common shares at C$23.00 for gross proceeds of C$135.7 million.

  C$136M1 source

• Oct 26, 2021

  Kentucky Power Company and AEP Kentucky Transmission Company

  Financial advisor to Algonquin; co-lead underwriter of the concurrent bought deal · Utilities

  Buyer Algonquin Power & Utilities Corp. (Liberty Utilities Co.) · Seller American Electric Power

  Algonquin agreed to buy Kentucky Power and AEP Kentucky Transmission from AEP for about US$2.846 billion including assumed debt, and launched a concurrent C$800 million bought-deal equity offering.

  US$2.85B1 source

• Oct 24, 2021

  Cominar Real Estate Investment Trust

  Financial advisor to Mach; debt financing to Mach · Real Estate (Diversified REIT)

  Buyer Iris Acquisition II LP (consortium led by Canderel)

  A Canderel-led consortium agreed to acquire Cominar for $11.75 per unit in cash (about $5.7 billion), with Mach Capital buying about $1.5 billion of properties as part of the deal, ending Cominar's strategic review.

  C$5.7B1 source

• Sep 28, 2021

  Kirkland Lake Gold Ltd.

  Financial advisor and fairness opinion to the Kirkland Lake Gold special committee · Mining (Gold)

  Buyer Agnico Eagle Mines Limited

  Agnico Eagle and Kirkland Lake Gold agreed to an all-share merger of equals to create a senior gold producer with a dominant position in Canada.

  Undisclosed1 source

• Jun 7, 2021

  EXFO Inc.

  Exclusive financial advisor to Germain Lamonde and PurchaseCo · Technology (Telecom Test & Measurement)

  Buyer Germain Lamonde (through PurchaseCo)

  EXFO agreed to a going-private arrangement under which founder Germain Lamonde's PurchaseCo would acquire the subordinate voting shares he did not control.

  Undisclosed1 source

• May 27, 2021

  Softchoice Corporation

  Underwriter (syndicate member) · Technology (IT Services)

  Softchoice priced its initial public offering of 17.5 million common shares at C$20.00 for gross proceeds of C$350 million.

  C$350M1 source

• May 20, 2021

  dentalcorp Holdings Ltd.

  Joint active bookrunner · Health Care (Dental Services)

  dentalcorp priced its IPO of 50 million subordinate voting shares at $14.00 (about $700 million), with concurrent private placements bringing gross proceeds to about $950 million.

  C$700M1 source

• Apr 27, 2021

  Magnet Forensics Inc.

  Underwriter (syndicate member) · Technology (Digital Forensics Software)

  Magnet Forensics priced its TSX IPO of 5.89 million subordinate voting shares at C$17.00 for gross proceeds of about C$100.1 million.

  C$100M1 source

• Apr 21, 2021

  Thinkific Labs Inc.

  Joint bookrunner · Technology (Software)

  Thinkific priced its IPO of 12.31 million subordinate voting shares at $13.00 for gross proceeds of about $160 million.

  C$160M1 source

• Mar 23, 2021

  Dialogue Health Technologies Inc.

  Underwriter (syndicate member) · Health Care (Virtual Care)

  Dialogue priced its IPO of 8.33 million common shares at $12.00 for treasury proceeds of about $100 million.

  C$100M1 source

• Mar 15, 2021

  Shaw Communications Inc.

  Independent financial advisor to the Shaw special committee · Telecommunications

  Buyer Rogers Communications Inc.

  Rogers agreed to acquire all Shaw Class A and Class B shares in a transaction valued at about $26 billion including Shaw debt, combining Canada's two large cable and wireless networks.

  C$26B1 source

• Mar 9, 2021

  Tervita Corporation

  Financial advisor to Tervita · Energy Services & Environmental

  Buyer SECURE Energy Services Inc.

  SECURE and Tervita agreed to an all-share merger creating a midstream infrastructure and environmental solutions business with an implied enterprise value of about $2.3 billion.

  C$2.3B1 source

• Mar 5, 2021

  Clearwater and waterflood assets (Provost and Nipisi, Alberta)

  Strategic advisor on the asset acquisition · Oil & Gas (Exploration & Production)

  Buyer Tamarack Valley Energy Ltd.

  Tamarack agreed to asset and corporate acquisitions in the Clearwater play totalling about $135.3 million net of a royalty disposition, funded partly by a $55 million bought-deal equity financing.

  C$135M1 source

• Feb 24, 2021

  Farmers Edge Inc.

  Joint bookrunner · Technology (Agtech)

  Farmers Edge priced its TSX IPO of 7.35 million common shares at $17.00 for gross proceeds of about $125 million.

  C$125M1 source

• Feb 10, 2021

  Seven Generations Energy Ltd.

  Exclusive financial advisor and fairness opinion to Seven Generations · Oil & Gas (Exploration & Production)

  Buyer ARC Resources Ltd.

  ARC and Seven Generations agreed to an all-share combination valued at about $8.1 billion including net debt, creating the largest Montney producer.

  C$8.1B1 source

• Feb 2, 2021

  TELUS International (Cda) Inc.

  Underwriter (syndicate member) · Technology (Digital Customer Experience)

  TELUS International priced its NYSE/TSX initial public offering of 37 million subordinate voting shares (treasury and secondary) at US$25.00, totalling US$925 million.

  US$925M1 source

• Jan 5, 2021

  TMAC Resources Inc.

  Financial advisor to TMAC · Mining (Gold)

  Buyer Agnico Eagle Mines Limited

  Agnico Eagle agreed to acquire TMAC for C$2.20 per share in cash (total equity value about C$286.6 million), adding the Hope Bay gold project in Nunavut.

  C$287M1 source

• Dec 16, 2020

  Premier Gold Mines Limited

  Financial advisor to Premier; fairness opinion to the board · Mining (Gold)

  Buyer Equinox Gold Corp.

  Equinox Gold agreed to acquire Premier Gold Mines by plan of arrangement, with Premier's US assets spun out to shareholders as i-80 Gold.

  Undisclosed1 source

• Dec 15, 2020

  Centerra Gold's 50% interest in the Greenstone Gold Mines Partnership

  Financial advisor to Premier (partner) on the transaction · Mining (Gold)

  Buyer Orion Mine Finance Group (affiliate) · Seller Centerra Gold Inc.

  An Orion Mine Finance affiliate agreed to buy Centerra's 50% stake in the Greenstone gold project in Ontario for US$225 million in cash plus contingent payments; Premier Gold owns the other 50%.

  US$225M1 source

• Dec 3, 2020

  Golder Associates

  Joint bookrunner, acquisition bank financing · Engineering & Consulting

  Buyer WSP Global Inc.

  WSP agreed to acquire environmental consultancy Golder for US$1.14 billion (about C$1.5 billion) in cash, funded with C$310 million of subscription receipt private placements and US$960 million of underwritten bank financing.

  US$1.14B1 source

• Nov 18, 2020

  RSA Insurance Group plc

  Financial adviser to Intact · Insurance

  Buyer Intact Financial Corporation and Tryg A/S

  Intact, together with Danish insurer Tryg, agreed to acquire UK-listed RSA for about £7.2 billion (C$12.3 billion), with Intact taking RSA's Canada, UK and International operations.

  C$12.3B2 sources

• Nov 10, 2020

  Great Canadian Gaming Corporation

  Financial advisor and fairness opinion to the special committee · Gaming & Leisure

  Buyer Funds managed by affiliates of Apollo Global Management

  Apollo funds agreed to acquire Great Canadian Gaming for C$39.00 per share in cash, a total enterprise valuation exceeding C$3.3 billion.

  C$3.3B1 source

• Oct 25, 2020

  Husky Energy Inc.

  Financial advisor to Husky · Oil & Gas

  Buyer Cenovus Energy Inc.

  Cenovus agreed to combine with Husky in an all-stock plan of arrangement implying an enterprise value for Husky of about $10.2 billion, creating an integrated oil and gas company.

  C$10.2B1 source

• Sep 17, 2020

  Nuvei Corporation

  Underwriter · Fintech / Payments

  Nuvei priced its TSX initial public offering of 26.9 million subordinate voting shares at US$26 (about US$700 million); with a concurrent private placement, total proceeds at closing were US$833 million.

  US$700M2 sources

• Sep 9, 2020

  Lightspeed POS Inc.

  Co-manager · Technology

  Lightspeed priced its US initial public offering and NYSE listing at US$30.50 per share, raising US$305 million for the company plus a secondary sale by CDPQ.

  US$305M3 sources

• Aug 11, 2020

  Boralex Inc.

  Co-lead underwriter · Power & Renewables

  Boralex agreed a $175 million bought deal public offering of common shares at $33.10 per share.

  C$175M1 source

• Aug 4, 2020

  GLC Asset Management Group Ltd.

  Financial advisor and fairness opinion to the IGM special committee · Asset Management

  Buyer Mackenzie Financial Corporation (IGM Financial) · Seller The Canada Life Assurance Company

  Mackenzie Investments agreed to acquire GLC Asset Management from Canada Life for $175 million in cash, while Canada Life acquired the Quadrus fund management contracts for $30 million.

  C$175M1 source

• Jul 28, 2020

  Two real estate assets of Wittington Properties Limited

  Financial advice on purchase price to Wittington · Real Estate

  Buyer Choice Properties Real Estate Investment Trust · Seller Wittington Properties Limited

  Choice Properties REIT agreed to buy two properties from related party Wittington Properties for about $206 million, paid in Choice trust units.

  C$206M1 source

• Jul 2020

  StorageVault Canada Inc.

  Underwriter · Real Estate / Self Storage

  StorageVault closed a $75 million bought deal offering of 5.75% senior unsecured hybrid debentures.

  C$75M1 source

• Jun 25, 2020

  Premium Brands Holdings Corporation

  Joint bookrunner · Food

  Premium Brands announced about $300 million of new capital: a $120 million bought deal of common shares, $150 million of convertible unsecured subordinated debentures and a $30 million private placement.

  C$300M1 source

• Jun 1, 2020

  WSP Global Inc.

  Joint bookrunner · Engineering & Consulting

  WSP announced a $437 million public offering of common shares plus a concurrent $64 million private placement with CDPQ and CPP Investments.

  C$437M1 source

• May 11, 2020

  Alacer Gold Corp.

  Fairness opinion to the Alacer board · Mining (Gold)

  Buyer SSR Mining Inc.

  SSR Mining and Alacer Gold agreed an at-market merger of equals by plan of arrangement, with a combined market capitalization of about US$4.0 billion; completed in September 2020.

  Undisclosed2 sources

• Apr 28, 2020

  Boyd Group Services Inc.

  Co-lead and joint bookrunner · Automotive Services

  Boyd Group agreed a bought deal of 1.1 million common shares at $183.00 for gross proceeds of about C$200 million.

  C$200M1 source

• Feb 25, 2020

  GFL Environmental Inc.

  Co-manager · Environmental Services

  GFL Environmental priced its initial public offering of subordinate voting shares at US$19.00 together with a concurrent tangible equity unit offering, about US$2.2 billion in total.

  US$2.2B1 source

• Feb 20, 2020

  Northview Apartment Real Estate Investment Trust

  Sole financial advisor to the purchasers; Canadian Imperial Bank of Commerce sole underwriter of acquisition credit facilities · Real Estate

  Buyer Starlight Investments and KingSett Capital

  Starlight and KingSett agreed to acquire Northview Apartment REIT for $36.25 per unit in a transaction valued at about $4.8 billion; completed in November 2020 at about $4.9 billion including net debt.

  C$4.8B2 sources

• Nov 25, 2019

  Fortis Inc.

  Co-lead underwriter and bookrunner · Power & Utilities

  Fortis announced a C$1.1 billion common share offering: a C$600 million bought deal plus a concurrent C$500 million placement with an institutional investor.

  C$1.1B2 sources

• Nov 20, 2019

  New York American Water

  Financial advisor to the acquirer · Utilities (Water)

  Buyer Liberty Utilities Co. (Algonquin Power & Utilities Corp.) · Seller American Water Works Company

  Algonquin's Liberty Utilities agreed to buy American Water's regulated New York operations for US$608 million.

  US$608M1 source

• Oct 1, 2019

  Docebo Inc.

  Underwriter · Technology (Software)

  Docebo priced its TSX IPO of 4,687,500 common shares at C$16.00 for gross proceeds of C$75 million.

  C$75M1 source

• Sep 10, 2019

  Fortuna Silver Mines Inc. (4.65% convertible debentures)

  Co-lead underwriter · Mining (Silver)

  Fortuna closed a US$40 million bought deal of 4.65% convertible debentures.

  US$40M1 source

• Sep 3, 2019

  Uinta Basin assets and non-core southeast Saskatchewan assets

  Financial advisor to the seller (Uinta sale); fairness opinion · Energy (Oil & Gas)

  Buyer Undisclosed buyers · Seller Crescent Point Energy Corp.

  Crescent Point agreed to sell its Uinta Basin asset and certain southeast Saskatchewan conventional assets for total cash of about $912 million.

  C$912M1 source

• Aug 15, 2019

  Intact Financial Corporation (subscription receipts)

  Co-lead underwriter · Insurance

  Intact agreed to a $401 million bought deal of subscription receipts to help fund its approximately $1 billion acquisition of The Guarantee Company of North America and Frank Cowan.

  C$401M1 source

• Aug 15, 2019

  Lightspeed POS Inc. (secondary offering)

  Underwriter · Technology (Software)

  Seller DHIDasilva Holdings, CDPQ, Inovia Capital and management

  Selling shareholders sold 5,399,602 Lightspeed subordinate voting shares at $35.00 per share in a marketed secondary offering.

  Undisclosed1 source

• Jul 31, 2019

  Sundial Growers Inc.

  Bookrunner · Cannabis

  Sundial priced its upsized U.S. IPO of 11,000,000 common shares at US$13.00 per share.

  Undisclosed1 source

• Jul 1, 2019

  Orchids Paper Products (assets)

  Exclusive financial advisor to the acquirer · Paper & Packaging

  Buyer Cascades Inc. · Seller Orchids Paper Products Company

  Cascades agreed to acquire the assets of Orchids Paper Products for US$207 million in cash.

  US$207M1 source

• May 14, 2019

  Corus Entertainment Inc. Class B shares (secondary offering)

  Underwriter · Media & Telecom

  Seller Shaw Communications Inc.

  Shaw sold its 80.6 million Corus Class B shares through a secondary offering for gross proceeds of about $548 million.

  C$548M2 sources

• May 13, 2019

  WestJet Airlines Ltd.

  Financial advisor to WestJet · Airlines

  Buyer Onex Corporation

  Onex and its affiliated funds agreed to acquire WestJet for $31.00 per share in cash, a transaction value of about $5 billion including assumed debt.

  C$5B1 source

• Mar 25, 2019

  TransAlta Corporation (exchangeable securities investment)

  Financial advisor to TransAlta · Power & Utilities

  Buyer Brookfield Renewable Partners and institutional partners

  Brookfield Renewable agreed to invest $750 million in TransAlta through exchangeable securities convertible into an interest in TransAlta's Alberta hydro assets.

  C$750M1 source

• Mar 13, 2019

  United Copper & Moly LLC's 7.95% interest in the Rosemont project

  Financial advisor to the acquirer · Mining (Copper)

  Buyer Hudbay Minerals Inc. · Seller United Copper & Moly LLC

  Hudbay agreed to buy UCM's 7.95% Rosemont joint venture interest for US$45 million upfront plus three annual US$10 million installments.

  US$45M1 source

• Mar 7, 2019

  Lightspeed POS Inc.

  Underwriter · Technology (Software)

  Lightspeed priced its upsized TSX initial public offering of 15,000,000 subordinate voting shares at C$16 for gross proceeds of C$240 million.

  C$240M1 source

• Feb 4, 2019

  Canopy Rivers Inc.

  Joint bookrunner · Cannabis (Investment)

  Canopy Rivers completed a bought deal of 13,225,000 subordinated voting shares at $4.80 for gross proceeds of about $63.5 million.

  C$63.5M1 source

• Nov 14, 2018

  Tahoe Resources Inc.

  Lead financial advisor to Pan American; fairness opinion to its board · Mining

  Buyer Pan American Silver Corp.

  Pan American Silver agreed to acquire Tahoe Resources by plan of arrangement for cash and shares worth about US$1.07 billion plus contingent value rights tied to the Escobal mine.

  US$1.07B2 sources

• Nov 13, 2018

  Johnson Controls Power Solutions business

  Financial advisor to Brookfield; financing syndicate · Industrials

  Buyer Brookfield Business Partners and institutional partners, with CDPQ · Seller Johnson Controls International plc

  Brookfield Business Partners with institutional partners and CDPQ agreed to buy Johnson Controls' Power Solutions automotive battery business, funded with about $3 billion of equity and $10.2 billion of debt.

  Undisclosed2 sources

• Sep 24, 2018

  Randgold Resources Limited

  Financial adviser to Randgold · Mining

  Buyer Barrick Gold Corporation

  Barrick and Randgold agreed to an all-share merger creating a combined group with an aggregate market capitalization of about US$18.3 billion.

  Undisclosed2 sources

• Sep 23, 2018

  Beadell Resources Limited

  Financial advisor to Beadell · Mining

  Buyer Great Panther Silver Limited

  Great Panther Silver agreed to acquire ASX-listed Beadell Resources, owner of the Tucano gold mine in Brazil, by Australian scheme of arrangement for an implied equity value of about A$144 million.

  AUD 144M1 source

• Aug 9, 2018

  Cenovus Pipestone and Wembley natural gas and liquids business

  Exclusive financial advisor to NuVista; lead manager and joint bookrunner on $405 million offering · Energy

  Buyer NuVista Energy Ltd. · Seller Cenovus Energy Inc.

  Cenovus agreed to sell its Pipestone/Wembley business in northwestern Alberta to NuVista Energy for $625 million, with NuVista funding partly via a $405 million equity offering.

  C$625M2 sources

• Jun 18, 2018

  Raging River Exploration Inc.

  Co-financial advisor to Baytex · Energy

  Buyer Baytex Energy Corp.

  Baytex and Raging River agreed to an all-share combination by plan of arrangement, creating an oil-weighted producer with an enterprise value of about $5 billion operating under the Baytex name.

  Undisclosed1 source

• May 30, 2018

  NGL Energy Partners retail propane business

  Financial advisor to Superior; co-lead underwriter of subscription receipt offering · Energy Distribution

  Buyer Superior Plus Corp. · Seller NGL Energy Partners LP

  Superior Plus agreed to acquire NGL Energy Partners' retail propane business for about US$900 million, financed partly by a C$400 million bought-deal subscription receipt offering.

  US$900M2 sources

• Oct 2, 2017

  The Jean Coutu Group (PJC) Inc.

  Financial advisor to Metro · Retail (Grocery & Pharmacy)

  Buyer METRO INC.

  Metro agreed to acquire pharmacy chain Jean Coutu Group for $4.5 billion in cash and shares.

  C$4.5B1 source

• Oct 2, 2017

  Central Fund of Canada Limited

  Financial advisor to Central Fund · Asset Management

  Buyer Sprott Inc.

  Central Fund of Canada agreed to a plan of arrangement with Sprott Inc. under which a Sprott subsidiary would acquire its common shares for C$500 each and take over its administration agreement, with an earnout to the administrator.

  Undisclosed1 source

• Sep 5, 2017

  Cenovus Pelican Lake heavy oil operations

  Financial advisor to Cenovus · Energy (Oil & Gas)

  Seller Cenovus Energy Inc.

  Cenovus agreed to sell its Pelican Lake heavy oil operations and other northern Alberta assets for $975 million in cash to reduce its acquisition bridge facility.

  C$975M1 source

• Jun 30, 2017

  NexGen Energy Ltd.

  Financial advisor to CEF · Mining (Uranium)

  Buyer CEF Holdings Limited

  NexGen arranged an additional US$110 million financing from CEF Holdings and affiliates of its shareholders, comprising common shares and convertible debentures.

  US$110M1 source

• Jun 5, 2017

  Orion Mine Finance royalty and stream portfolio

  Financial advisor to Orion · Mining (Royalties & Streams)

  Buyer Osisko Gold Royalties Ltd · Seller Orion Mine Finance

  Osisko Gold Royalties agreed to acquire a precious-metals royalty and stream portfolio from Orion Mine Finance for C$675 million in cash and C$450 million in Osisko shares.

  C$1.13B1 source

• May 18, 2017

  Shopify Inc.

  Co-manager · Technology (E-commerce)

  Shopify sold 5.5 million Class A subordinate voting shares at US$91.00 in a marketed offering for gross proceeds of about US$500.5 million.

  US$501M2 sources

• May 12, 2017

  Teck's two-thirds interest in the Waneta Dam

  Exclusive financial advisor to Teck · Utilities / Power

  Buyer Fortis Inc. · Seller Teck Resources Limited

  Fortis agreed to buy Teck's two-thirds interest in the Waneta Dam and related transmission assets for $1.2 billion in cash, with Teck leasing back the capacity for 20 years.

  C$1.2B1 source

• May 8, 2017

  Hydro One Limited

  Co-lead underwriter · Utilities

  Seller Province of Ontario

  The Province of Ontario sold 120 million Hydro One common shares in a $2.79 billion bought-deal secondary offering.

  C$2.79B1 source

• May 1, 2017

  Veresen Inc.

  Financial advisor to Pembina · Energy Infrastructure

  Buyer Pembina Pipeline Corporation

  Pembina agreed to acquire Veresen by plan of arrangement in a cash-and-share deal valued at about $9.7 billion including assumed debt and preferred shares.

  C$9.7B1 source

• Dec 19, 2016

  TransAlta Corporation preferred shares

  Financial advisor to TransAlta · Power Generation

  TransAlta proposed a plan of arrangement to exchange its existing preferred shares for new preferred shares.

  Undisclosed1 source

• Sep 12, 2016

  Potash Corporation of Saskatchewan Inc.

  Financial advisor to Agrium · Agriculture & Fertilizers

  Buyer Agrium Inc.

  Agrium and PotashCorp agreed to a merger of equals by plan of arrangement, creating the largest crop nutrient company in the world (later named Nutrien).

  Undisclosed1 source

• Jun 29, 2016

  PrivateBancorp, Inc.

  Financial advisor to CIBC · Financial Services

  Buyer Canadian Imperial Bank of Commerce

  CIBC agreed to acquire Chicago-based PrivateBancorp in a cash-and-stock deal valued at about US$3.8 billion (C$4.9 billion) to expand its U.S. commercial and private banking platform.

  US$3.8B1 source

• May 2, 2016

  Manitoba Telecom Services Inc.

  Financial advisor and fairness opinion to the MTS board · Telecommunications

  Buyer BCE Inc.

  BCE agreed to acquire MTS for about $3.1 billion of equity plus about $0.8 billion of net debt, an enterprise value of roughly $3.9 billion.

  C$3.9B1 source

• Mar 30, 2016

  MWH Global, Inc.

  Joint bookrunner on the subscription receipt offering; sole lead arranger and bookrunner of the credit facilities · Engineering & Professional Services

  Buyer Stantec Inc.

  Stantec agreed to acquire water-infrastructure engineering firm MWH Global, funded partly by a $525 million bought-deal subscription receipt offering and new CIBC-led credit facilities.

  Undisclosed1 source

• Feb 3, 2016

  RONA inc.

  Financial advisor to Lowe's · Retail

  Buyer Lowe's Companies, Inc.

  Lowe's agreed to acquire Quebec home-improvement retailer RONA for C$24 per common share in cash, a total transaction value of C$3.2 billion (US$2.3 billion).

  C$3.2B2 sources

• Jan 13, 2016

  Shaw Media Inc.

  Financial advisor to Shaw · Media & Entertainment

  Buyer Corus Entertainment Inc. · Seller Shaw Communications Inc.

  Shaw agreed to sell Shaw Media to related company Corus for $2.65 billion (about $1.85 billion cash plus Corus non-voting shares), with independent fairness opinions for both boards.

  C$2.65B1 source

• Dec 16, 2015

  Mid-Bowline Group Corp. (WIND Mobile Corp.)

  Financial advisor to Shaw · Telecommunications

  Buyer Shaw Communications Inc.

  Shaw agreed to acquire wireless carrier WIND Mobile for an enterprise value of about $1.6 billion to add mobile service to its wireline business.

  C$1.6B1 source

• Oct 5, 2015

  Canadian Oil Sands Limited

  Financial advisor to Suncor (amended offer) · Oil & Gas

  Buyer Suncor Energy Inc.

  Suncor launched an unsolicited share-exchange offer for Canadian Oil Sands in October 2015; in January 2016 the COS board supported an amended offer of 0.28 Suncor share per COS share, a total transaction value of about $6.6 billion including debt.

  C$6.6B2 sources

• Oct 2015

  Hydro One Limited

  Underwriter · Utilities

  Seller Province of Ontario

  The Province of Ontario sold common shares of Hydro One Limited in an initial public offering on the TSX underwritten by a 16-dealer syndicate.

  Undisclosed2 sources

• Aug 27, 2015

  El Morro and Relincho projects (Project Corridor, Chile)

  Financial advisor to Teck and Goldcorp · Mining

  Buyer Goldcorp Inc. and Teck Resources Limited (joint venture)

  Goldcorp and Teck agreed to combine their El Morro and Relincho copper-gold projects in Chile into a 50/50 joint venture called Project Corridor.

  Undisclosed1 source

• Apr 23, 2015

  Central GoldTrust

  Financial advisor to Central GoldTrust · Asset Management

  Buyer Sprott Asset Management LP (Sprott Physical Gold Trust)

  Sprott announced an unsolicited exchange offer for units of Central GoldTrust; the trust responded with CIBC as its financial advisor.

  Undisclosed1 source

• Oct 30, 2014

  Biron (Wisconsin) and Rumford (Maine) paper mills

  Financial advisor to Catalyst and its board · Forest Products / Paper

  Buyer Catalyst Paper Corporation · Seller NewPage Corporation

  Catalyst Paper agreed to buy NewPage's Biron and Rumford paper mills for US$74 million, subject to adjustments.

  US$74M1 source

• Oct 23, 2014

  Penn West non-core south central Alberta assets

  Financial advisor to Penn West · Oil & Gas

  Buyer Undisclosed private company · Seller Penn West Petroleum Ltd.

  Penn West agreed to sell non-core south central Alberta assets producing about 7,500 boe/d to a private company for about $355 million.

  C$355M1 source

• Sep 19, 2014

  Hudson Energy Solar Corp.

  Financial advisor to Just Energy · Energy / Renewables

  Buyer Undisclosed global energy company · Seller Just Energy Group Inc.

  Just Energy agreed to sell its commercial solar development business, Hudson Energy Solar, to an unnamed global energy company.

  Undisclosed1 source

• Sep 2, 2014

  Vantage pipeline system and interest in associated assets

  Exclusive financial advisor to Pembina · Midstream / Pipelines

  Buyer Pembina Pipeline Corporation · Seller Mistral Midstream Inc. and partners

  Pembina agreed to acquire the Vantage ethane pipeline and an interest in associated Bakken assets for US$650 million.

  US$650M1 source

• Sep 2, 2014

  Southeast Saskatchewan assets of Lightstream Resources Ltd.

  Strategic advisor to Crescent Point · Oil & Gas

  Buyer Crescent Point Energy Corp. · Seller Lightstream Resources Ltd.

  Crescent Point agreed to acquire producing southeast Saskatchewan assets from Lightstream for about $328 million plus undeveloped freehold interests valued at about $50 million, alongside a $750 million bought-deal equity financing.

  C$328M1 source

• Jun 12, 2014

  Saskatchewan Viking oil assets of Polar Star Canadian Oil and Gas Inc.

  Financial advisor to Polar Star · Oil & Gas

  Buyer Crescent Point Energy Corp. · Seller Polar Star Canadian Oil and Gas Inc.

  Crescent Point completed the acquisition of Polar Star's Saskatchewan Viking assets for Crescent Point shares and cash valued at about $334 million.

  C$334M1 source

• Feb 3, 2014

  Marigold gold mine (Nevada)

  Financial advisor to Silver Standard and its board · Mining (Gold)

  Buyer Silver Standard Resources Inc. · Seller Goldcorp Inc. and Barrick Gold Corporation

  Silver Standard agreed to buy 100% of the producing Marigold mine in Nevada from subsidiaries of Goldcorp and Barrick for US$275 million in cash.

  US$275M1 source

• Jan 31, 2014

  Cameco's 31.6% limited partnership interest in Bruce Power L.P.

  Financial advisor to Cameco · Power Generation / Nuclear

  Buyer BPC Generation Infrastructure Trust (Borealis) · Seller Cameco Corporation

  Cameco agreed to sell its 31.6% interest in Bruce Power to Borealis, one of Bruce Power's limited partners, for $450 million.

  C$450M1 source

• Oct 10, 2013

  CT Real Estate Investment Trust

  Joint bookrunner · Real Estate

  Seller Canadian Tire Corporation, Limited

  Canadian Tire's CT REIT priced its $263.5 million initial public offering of trust units, with a portfolio of 256 properties.

  C$264M1 source

• Jun 11, 2013

  Cenovus Shaunavon tight oil asset

  Financial advisor to Cenovus · Oil & Gas

  Buyer Surge Energy Inc. · Seller Cenovus Energy Inc.

  Cenovus agreed to sell its Shaunavon tight oil asset in southern Saskatchewan to Surge Energy for $240 million in cash.

  C$240M1 source

• Apr 8, 2013

  ENMAX Envision Inc.

  Exclusive financial advisor to Shaw · Telecommunications

  Buyer Shaw Communications Inc. · Seller ENMAX Corporation

  Shaw agreed to acquire ENMAX's Calgary data communications subsidiary Envision for about $225 million.

  C$225M1 source

• Mar 4, 2013

  Aurizon Mines Ltd.

  Fairness opinion to Aurizon · Mining (Gold)

  Buyer Hecla Mining Company

  Hecla agreed to acquire Aurizon Mines for about C$796 million in cash and shares by plan of arrangement, competing with Alamos Gold's unsolicited offer.

  C$796M3 sources

• Dec 20, 2012

  Casino project 5% net profits interest royalty

  Financial advisor to Western Copper and Gold · Mining

  Buyer 8248567 Canada Limited · Seller Western Copper and Gold Corporation

  Western Copper and Gold agreed a royalty sale under which the holder cancels its 5% net profits interest on the Casino project and Western receives US$32 million.

  US$32M1 source

• Oct 9, 2012

  Ocampo mine and 50% of Orion project

  Financial advisor to the special committee; fairness opinion · Mining

  Buyer Minera Frisco · Seller AuRico Gold Inc.

  AuRico agreed to sell its Ocampo mine and enter a joint venture on the Orion project with Minera Frisco for $750 million in cash.

  US$750M1 source

• Jun 28, 2012

  Bridgeport Ventures Inc.

  Financial advisor to Premier Gold and Premier Royalty · Mining

  Buyer Premier Royalty Corporation (Premier Gold Mines Limited)

  Premier Gold and Bridgeport signed a letter of intent to merge Bridgeport with Premier Gold's royalty subsidiary Premier Royalty.

  Undisclosed1 source

• May 30, 2012

  CE Franklin Ltd.

  Exclusive financial advisor to CE Franklin and its special committee; fairness opinion · Oil & Gas Services

  Buyer National Oilwell Varco, Inc.

  National Oilwell Varco agreed to acquire oilfield supply distributor CE Franklin for C$12.75 per share, total consideration of about C$240 million.

  C$240M1 source

• Apr 26, 2012

  TransGlobe Apartment Real Estate Investment Trust

  Financial advisor to Starlight · Real Estate

  Buyer Starlight Investments Ltd. (with PSP Investments)

  Starlight, with PSP Investments, agreed to take TransGlobe Apartment REIT private for $14.25 per unit, subject to a 45-day go-shop.

  Undisclosed2 sources

• Jan 23, 2012

  Minefinders Corporation Ltd.

  Exclusive financial advisor to Pan American; fairness opinion · Mining

  Buyer Pan American Silver Corp.

  Pan American agreed to acquire Minefinders for cash and shares worth $15.60 per share, a total transaction value of about $1.5 billion.

  C$1.5B1 source

• Sep 13, 2011

  Brookfield Renewable Power Fund

  Formal valuation and fairness opinion to the independent committee · Power & Utilities

  Buyer Brookfield Renewable Energy Partners

  Brookfield combined its renewable power businesses with Brookfield Renewable Power Fund to form Brookfield Renewable Energy Partners; CIBC provided a formal valuation and fairness opinion to the Fund's independent committee.

  Undisclosed1 source

• Aug 26, 2011

  Hathor Exploration Limited

  Financial advisor to Cameco · Mining

  Buyer Cameco Corporation

  Cameco announced its intention to make an all-cash offer of $3.75 per share for uranium explorer Hathor, valuing it at about $520 million; Rio Tinto later made a competing offer.

  C$520M1 source

• Aug 17, 2011

  MOSAID Technologies Incorporated

  Financial advisor and dealer manager to WiLAN; co-lead underwriter on debentures · Technology

  Buyer Wi-LAN Inc.

  WiLAN announced an unsolicited all-cash offer of C$38.00 per share for MOSAID, about C$480 million, partly financed by a C$200 million bought-deal debenture offering.

  C$480M2 sources

• Jun 20, 2011

  Capital Power Income L.P.

  Financial advisor to CPILP; fairness opinion on North Carolina asset sale · Power & Utilities

  Buyer Atlantic Power Corporation

  Atlantic Power agreed to acquire Capital Power Income L.P. for C$19.40 per unit in cash or shares, with CPILP's North Carolina assets sold to Capital Power.

  Undisclosed1 source

• Jun 6, 2011

  Compton Petroleum Corporation

  Financial advisor to Compton · Oil & Gas

  Compton proposed a recapitalization converting about US$240 million of notes to equity alongside a backstopped rights offering of about $50 million.

  Undisclosed1 source

• May 25, 2011

  TMX Group Inc.

  Financial advisor to Maple Group · Financial Services

  Buyer Maple Group Acquisition Corporation

  Maple, a consortium of Canadian pension funds and bank-owned dealers, announced an offer for TMX Group valued at about $3.6 billion, competing with the London Stock Exchange merger.

  C$3.6B2 sources

• Apr 25, 2011

  Equinox Minerals Limited

  Financial advisor to Equinox; fairness opinion · Mining

  Buyer Barrick Gold Corporation

  Barrick agreed to acquire Equinox through a supported all-cash take-over offer of C$8.15 per share, displacing Equinox's bid for Lundin.

  Undisclosed2 sources

• Feb 11, 2011

  ACH Limited Partnership (75% interest in Ontario hydro assets)

  Financial advisor to AbitibiBowater · Power & Utilities

  Buyer Consortium of a Canadian institutional investor and a private Canadian renewable energy company · Seller AbitibiBowater Inc.

  AbitibiBowater agreed to sell its 75% indirect interest in ACH LP, which holds Ontario hydroelectric facilities, for about C$300 million to reduce debt.

  C$300M1 source

• Jan 2011

  Lundin Mining Corporation

  Financial advisor to Inmet · Mining

  Buyer Inmet Mining Corporation

  Inmet and Lundin Mining agreed to a merger valued at about $9.0 billion under an arrangement agreement dated January 12, 2011; Equinox subsequently launched a competing bid for Lundin.

  C$9B2 sources

• Oct 4, 2010

  Parkbridge Lifestyle Communities Inc.

  Financial advisor to bcIMC · Real Estate

  Buyer British Columbia Investment Management Corporation (bcIMC)

  bcIMC agreed to acquire Parkbridge for $7.30 per share, valuing it at about $790 million including net debt.

  C$790M1 source

• Sep 2, 2010

  Andean Resources Limited

  Financial advisor to Goldcorp · Mining

  Buyer Goldcorp Inc.

  Goldcorp agreed to acquire Andean Resources, owner of the Cerro Negro project in Argentina, for about C$3.6 billion in cash and shares.

  C$3.6B1 source

• Aug 2, 2010

  Red Back Mining Inc.

  Fairness opinion to the special committee · Mining

  Buyer Kinross Gold Corporation

  Kinross agreed to combine with Red Back Mining in a friendly share deal valued at about US$7.1 billion.

  US$7.1B1 source

• 2010

  FNX Mining Company Inc.

  Exclusive financial advisor to Quadra · Mining

  Buyer Quadra Mining Ltd.

  Quadra Mining and FNX Mining merged in a $3.5 billion transaction; CIBC reported acting as Quadra's exclusive advisor.

  C$3.5B1 source

• Dec 28, 2009

  Corriente Resources Inc.

  Independent financial advisor to the board; fairness opinion · Mining

  Buyer CRCC-Tongguan Investment Co., Ltd. (Tongling and China Railway Construction)

  A Tongling/CRCC joint venture agreed to acquire Corriente Resources for cash, valuing it at about C$679 million.

  C$679M1 source

• Dec 14, 2009

  Porthus NV

  Financial advisor to Descartes · Technology

  Buyer The Descartes Systems Group Inc.

  Descartes filed its intention to launch a cash tender offer for Belgium's Porthus at EUR 12.50 per share.

  Undisclosed1 source

• Dec 8, 2009

  Centerra Gold Inc. (Cameco's 48.5% stake)

  Co-lead underwriter and exclusive financial adviser to Cameco · Mining

  Seller Cameco Corporation

  Cameco sold its Centerra Gold shares through a bought-deal secondary offering expected to raise about C$872 million in net proceeds.

  C$872M1 source

• Nov 10, 2009

  Waste Services, Inc.

  Exclusive financial advisor to WSI · Waste Management

  Buyer IESI-BFC Ltd.

  IESI-BFC and Waste Services agreed to merge, creating North America's third-largest solid waste company with nearly US$1.5 billion in revenue.

  Undisclosed1 source

• Oct 16, 2009

  Enerflex Systems Income Fund

  Financial advisor to Toromont · Industrial Equipment

  Buyer Toromont Industries Ltd.

  Toromont's unsolicited proposal for Enerflex ended in a supported, increased offer valued at $14.25 per Enerflex unit.

  Undisclosed1 source

• Sep 10, 2009

  EnCana Corporation (Cenovus Energy spin-off)

  Financial advisor to the board; fairness opinion · Energy

  EnCana proceeded with its plan to split into two independent companies, spinning off its integrated oil business as Cenovus Energy.

  Undisclosed1 source

• Mar 23, 2009

  Petro-Canada

  Financial advisor to Suncor · Energy

  Buyer Suncor Energy Inc.

  Suncor and Petro-Canada agreed to merge by plan of arrangement, creating Canada's largest energy company.

  Undisclosed1 source

• 2009

  U.S. fresh bakery business of George Weston Limited

  Exclusive financial advisor to George Weston · Food

  Seller George Weston Limited

  George Weston sold its U.S. fresh baking assets in a transaction valued at US$2.5 billion; CIBC reported acting as its exclusive advisor (buyer not named in this source).

  US$2.5B1 source

• Dec 2, 2008

  Wavecom S.A.

  Financial advisor to Sierra Wireless · Technology

  Buyer Sierra Wireless, Inc.

  Sierra Wireless agreed (MOU) to acquire French M2M module maker Wavecom through friendly cash tender offers in France and the United States.

  Undisclosed1 source

• May 11, 2008

  EnCana Corporation

  Financial advisor to the board; fairness opinion · Oil & Gas

  EnCana announced a plan to split into two Calgary-based companies, an integrated oil company and a natural gas company.

  Undisclosed1 source

• Jan 14, 2008

  Canadian Imperial Bank of Commerce

  Joint bookrunner (private placement) and bookrunner (public offering) · Banking

  CIBC raised at least C$2.75 billion of common equity through a private placement and a C$1.25 billion bought deal at C$67.05 per share.

  C$2.75B1 source

• Oct 31, 2007

  Canetic Resources Trust

  Strategic advisor to Penn West · Oil & Gas

  Buyer Penn West Energy Trust

  Penn West and Canetic agreed to merge, creating North America's largest conventional oil and gas trust with an enterprise value above C$15 billion.

  Undisclosed2 sources

• Sep 24, 2007

  PrimeWest Energy Trust

  Sole financial advisor to PrimeWest; fairness opinion · Oil & Gas

  Buyer TAQA North (Abu Dhabi National Energy Company)

  TAQA agreed to acquire PrimeWest by plan of arrangement in a C$5.0 billion transaction including debt.

  C$5B1 source

• Sep 13, 2007

  Magna Entertainment Corp.

  Independent financial advisor to the special committee · Real Estate / Gaming

  Buyer MI Developments Inc. (lender)

  MID agreed to provide MEC a bridge loan of up to US$80 million as part of a debt-elimination plan, reviewed by a special committee.

  US$80M1 source

• Jul 12, 2007

  Alcan Inc.

  Principal adviser to Rio Tinto · Metals & Mining

  Buyer Rio Tinto

  Rio Tinto agreed to make a recommended all-cash offer of US$101 per Alcan share, total equity consideration of about US$38.1 billion.

  US$38.1B1 source

• Jul 3, 2007

  Aur Resources Inc.

  Financial advisor to Aur; fairness opinion · Metals & Mining

  Buyer Teck Cominco Limited

  Teck Cominco agreed to make a C$4.1 billion cash-and-share offer for Aur Resources.

  C$4.1B1 source

• Jun 30, 2007

  BCE Inc.

  Financial advisor to BCE · Telecommunications

  Buyer Investor group led by Teachers' Private Capital (OTPP), Providence Equity Partners and Madison Dearborn Partners

  BCE agreed to an all-cash C$42.75 per share leveraged buyout by an OTPP-led consortium valued at C$51.7 billion including debt and preferred equity.

  C$51.7B2 sources

• Jun 21, 2007

  Novamerican Steel Inc.

  Financial advisor to Novamerican · Steel

  Buyer Symmetry Holdings Inc.

  Symmetry agreed to acquire Novamerican Steel for US$56.00 per share in cash (US$585.2 million) by plan of arrangement.

  US$585M1 source

• May 25, 2007

  CanWest MediaWorks Income Fund

  Independent financial advisor and fairness opinion to the independent committee · Media

  Buyer CanWest MediaWorks Limited Partnership (CanWest Global)

  CanWest agreed to take its publishing income fund private at C$9.00 per unit; Scotiabank described it as a C$495 million privatization.

  C$495M2 sources

• May 10, 2007

  Magna International Inc. (strategic stake)

  Independent financial advisor to the special committee; fairness opinion · Automotive

  Buyer Russian Machines (Basic Element)

  Russian Machines agreed to invest about US$1.54 billion for 20 million Magna Class A shares from treasury through a new holding structure with the Stronach Trust.

  US$1.54B1 source

• May 3, 2007

  Bolnisi Gold NL and Palmarejo Silver and Gold Corporation

  Financial advisor to Coeur · Metals & Mining

  Buyer Coeur d'Alene Mines Corporation

  Coeur agreed to acquire Bolnisi and the shares of Palmarejo it did not own in a transaction valued at about US$1.1 billion.

  US$1.1B1 source

• Apr 16, 2007

  Silver stream (25%) from Goldcorp's Penasquito project

  Financial advisor to Goldcorp; fairness opinion to the board · Metals & Mining

  Buyer Silver Wheaton Corp. · Seller Goldcorp Inc.

  Goldcorp agreed to sell 25% of life-of-mine silver from Penasquito to its affiliate Silver Wheaton for US$485 million cash plus per-ounce payments.

  US$485M2 sources

• Mar 6, 2007

  AirLink Communications, Inc.

  Financial advisor to Sierra Wireless · Technology

  Buyer Sierra Wireless, Inc.

  Sierra Wireless agreed to acquire privately held AirLink for US$10 million cash plus 1.3 million Sierra Wireless shares.

  Undisclosed1 source

• Feb 16, 2007

  Spectrum Signal Processing Inc.

  Financial advisor to Spectrum and the special committee · Technology

  Buyer Vecima Networks Inc.

  Vecima agreed to acquire Spectrum Signal Processing for cash plus Vecima shares, equivalent to C$0.8939 per Spectrum share.

  Undisclosed2 sources

• Jan 29, 2007

  Abitibi-Consolidated Inc.

  Financial advisor to Abitibi-Consolidated · Forest Products

  Buyer Bowater Incorporated (combination as AbitibiBowater Inc.)

  All-stock merger of equals combining Abitibi-Consolidated and Bowater under a new parent, AbitibiBowater, implemented in part by a Canadian plan of arrangement.

  Undisclosed1 source

• Oct 18, 2006

  Ivanhoe Mines Ltd.

  Financial adviser to Ivanhoe Mines · Mining & Metals

  Buyer Rio Tinto

  Rio Tinto agreed to a staged equity investment of up to US$1.5 billion in Ivanhoe Mines (initially about US$303 million) to fund the Oyu Tolgoi copper-gold project in Mongolia.

  US$1.5B1 source

• Aug 31, 2006

  Glamis Gold Ltd.

  Financial advisor to Goldcorp · Mining & Metals

  Buyer Goldcorp Inc.

  Goldcorp agreed to acquire Glamis by plan of arrangement (1.69 Goldcorp shares per Glamis share), billed as a US$21.3 billion combination creating a premier gold miner.

  Undisclosed2 sources

• Jul 26, 2006

  Private Western Canadian oil and gas producer

  Exclusive financial advisor and agent to Harvest · Oil & Gas

  Buyer Harvest Energy Trust

  Harvest agreed to buy a private central Alberta producer (about 6,300 boe/d) for about $440 million, financed with a trust unit offering.

  C$440M1 source

• Jul 24, 2006

  Contact Diamond Corporation

  Financial adviser to Contact · Mining & Metals

  Buyer Stornoway Diamond Corporation

  Stornoway announced take-over bids for Contact Diamond and Ashton Mining; Contact's special committee obtained a formal valuation and fairness opinion on the Stornoway offer.

  Undisclosed3 sources

• Jul 24, 2006

  Esprit Energy Trust

  Financial advisor to Esprit; fairness opinion · Oil & Gas

  Buyer Pengrowth Energy Trust

  Pengrowth and Esprit agreed to a strategic combination, adding about 18,350 boe/d of production to Pengrowth.

  Undisclosed1 source

• Jul 2006

  NovaGold Resources Inc.

  Financial advisor and dealer manager to Barrick · Mining & Metals

  Buyer Barrick Gold Corporation

  Barrick launched a hostile all-cash bid for NovaGold at US$14.50 per share (about US$1.29 billion); NovaGold's special committee recommended rejection as inadequate.

  US$1.29B2 sources

• Jun 12, 2006

  Oilsands Quest Inc.

  Financial advisor to Oilsands Quest · Oil & Gas

  Buyer CanWest Petroleum Corporation

  CanWest Petroleum and Oilsands Quest agreed to combine, creating an oil sands explorer with a fully diluted market capitalization of about US$1.3 billion.

  Undisclosed1 source

• May 31, 2006

  Extendicare Inc.

  Financial advisor to the board; fairness opinion · Healthcare & Life Sciences

  Extendicare's board approved a reorganization spinning off Assisted Living Concepts and converting the Canadian business into an income trust.

  Undisclosed2 sources

• May 11, 2006

  Canada Southern Petroleum Ltd.

  Financial advisor to Canada Southern; inadequacy opinion · Oil & Gas

  Buyer Petro-Canada

  Petro-Canada announced an unsolicited US$7.50-per-share cash offer for Canada Southern (about US$113 million); Canada Southern rejected it and later accepted a higher bid from Canadian Oil Sands.

  US$113M2 sources

• May 8, 2006

  BlackRock Ventures Inc.

  Financial advisor to Shell Canada · Oil & Gas

  Buyer Shell Canada Limited

  Shell Canada agreed to acquire BlackRock Ventures for $24.00 per share in cash, about C$2.4 billion fully diluted.

  C$2.4B1 source

• Apr 2006

  Petrofund Energy Trust

  Financial advisor to Petrofund; fairness opinion · Oil & Gas

  Buyer Penn West Energy Trust

  Penn West and Petrofund agreed to combine by plan of arrangement, creating one of the largest conventional oil and gas trusts.

  Undisclosed1 source

• Nov 28, 2005

  Viking Energy Royalty Trust

  Financial advisor to Viking; fairness opinion · Oil & Gas

  Buyer Harvest Energy Trust

  Viking and Harvest agreed to merge by plan of arrangement, creating a trust with enterprise value above $4 billion under the Harvest name.

  Undisclosed1 source

• Nov 7, 2005

  Geac Computer Corporation Limited

  Fairness opinion to the independent committee · Technology

  Buyer Golden Gate Capital

  Golden Gate Capital agreed to acquire Geac for US$11.10 per share in cash, about US$1.0 billion, by plan of arrangement.

  US$1B2 sources

• Oct 31, 2005

  Placer Dome Inc.

  Financial advisor to Placer Dome; opinions to the board · Mining & Metals

  Buyer Barrick Gold Corporation

  Barrick announced an unsolicited offer for Placer Dome on October 31, 2005; after an increased offer and support agreement in January 2006, Placer's board recommended the revised bid.

  Undisclosed3 sources

• Oct 11, 2005

  Falconbridge Limited

  Financial advisor to Falconbridge; fairness opinion to the board · Mining & Metals

  Buyer Inco Limited

  Inco launched a friendly take-over offer of cash and Inco shares (about C$34 per share) for Falconbridge to create a Canadian nickel/copper producer; the bid was later overtaken by Xstrata.

  Undisclosed2 sources

• Jul 29, 2005

  MDSI Mobile Data Solutions Inc.

  Financial advisor to MDSI; fairness opinion · Technology

  Buyer Vista Equity Partners

  Vista Equity agreed to acquire MDSI by plan of arrangement at a premium of about 60%, valuing the company at about US$70 million.

  US$70M2 sources

• Mar 9, 2005

  Falconbridge Limited (minority shares)

  Exclusive financial advisor to Noranda; fairness opinion to the Noranda special committee · Mining & Metals

  Buyer Noranda Inc.

  Noranda agreed to combine with its majority-owned Falconbridge through a share-exchange bid for the Falconbridge minority (1.77 Noranda shares per share), alongside a Noranda issuer bid, creating NorandaFalconbridge.

  C$3B3 sources

• Feb 9, 2005

  Intier Automotive Inc. (minority shares)

  Financial advisor to Magna · Automotive

  Buyer Magna International Inc.

  Magna agreed to acquire the Intier Class A shares it did not own by plan of arrangement.

  Undisclosed2 sources

• 2005

  Northrock Resources Ltd.

  Financial advisor to Unocal on the sale of Northrock · Oil & Gas

  Seller Unocal Corporation

  Unocal sold all of the shares of its Canadian subsidiary Northrock Resources for US$1.8 billion.

  US$1.8B1 source

• Dec 23, 2004

  Tesma International Inc. (minority shares)

  Financial advisor to the Magna special committee · Automotive

  Buyer Magna International Inc.

  Magna agreed to acquire the Tesma Class A shares it did not own by court-approved plan of arrangement.

  Undisclosed2 sources

• Nov 24, 2004

  Calpine Natural Gas Trust

  Financial advisor to Viking · Oil & Gas

  Buyer Viking Energy Royalty Trust

  Viking and Calpine Natural Gas Trust agreed to combine, creating a trust with about 23,000 boe/d and enterprise value of about $1.3 billion.

  Undisclosed1 source

• Sep 13, 2004

  Rogers Wireless Communications Inc. (34.2% stake)

  Financial advisor to AT&T Wireless on its sale of Rogers Wireless shares · Telecommunications

  Buyer Rogers Communications Inc. · Seller AT&T Wireless Services, Inc.

  Rogers Communications agreed to buy AT&T Wireless's entire (about 34.2%) interest in Rogers Wireless, funded by a $1.75 billion bridge facility.

  Undisclosed2 sources

• May 27, 2004

  Wheaton River Minerals Ltd.

  Financial advisor and dealer manager to Coeur · Mining & Metals

  Buyer Coeur d'Alene Mines Corporation

  Coeur d'Alene proposed, then launched, a stock-and-cash bid for Wheaton River valued at about US$1.8 billion; Wheaton's special committee made no recommendation on it.

  US$1.8B3 sources

• Mar 18, 2004

  Allstream Inc.

  Exclusive financial advisor to MTS · Telecommunications

  Buyer Manitoba Telecom Services Inc.

  MTS agreed to acquire Allstream by plan of arrangement in a $1.7 billion transaction, creating a national telecom provider.

  C$1.7B2 sources

• Jan 9, 2004

  Boardwalk Equities Inc.

  Financial advisor to the corporation · Real Estate

  Buyer Boardwalk Real Estate Investment Trust

  Boardwalk's board approved a proposal to reorganize the company into a REIT, with public shareholders able to take cash or REIT units.

  Undisclosed2 sources

• Sep 28, 2003

  John Hancock Financial Services, Inc.

  Financial advisor to Manulife · Insurance

  Buyer Manulife Financial Corporation

  Manulife agreed to a stock-for-stock merger with Boston-based John Hancock, described as a Cdn$15 billion (US$11 billion) transaction creating a leading global insurer.

  C$15B1 source

• Jun 6, 2003

  Corel Corporation

  Financial advisor to Corel; fairness opinion · Technology - Software

  Buyer Vector Capital

  Private equity firm Vector Capital agreed to acquire Ottawa software company Corel by plan of arrangement for US$1.05 per share in cash.

  Undisclosed1 source

• Apr 15, 2003

  Leroux Steel Inc.

  Financial advisor to Russel Metals · Metals - Distribution

  Buyer Russel Metals Inc.

  Russel Metals agreed with Leroux Steel's controlling shareholders on a $6.30-per-share offer; including assumed debt the deal was about $185 million.

  C$185M1 source

• Feb 7, 2003

  iMagicTV Inc.

  Exclusive financial advisor to iMagicTV; fairness opinion · Technology - Software

  Buyer Alcatel

  Alcatel, already a 16% holder, agreed to acquire iMagicTV for Alcatel ADSs in a plan of arrangement valued at about US$30 million (about US$1.20 per share).

  US$30M1 source

• Dec 2002

  Cognicase Inc.

  Exclusive financial advisor and dealer manager to CGI · Technology - IT Services

  Buyer CGI Group Inc.

  CGI launched a cash-or-share take-over bid for fellow Montreal IT services firm Cognicase after locking up a major shareholder on Dec. 6, 2002; Cognicase's special committee hired BMO Nesbitt Burns, and the companies later signed a support agreement.

  Undisclosed2 sources

• Sep 13, 2002

  Bell Canada directories business (Yellow Pages / White Pages)

  Exclusive financial advisor to BCE · Media & Publishing

  Buyer Kohlberg Kravis Roberts & Co. and Ontario Teachers' Merchant Bank · Seller BCE Inc. (Bell Canada)

  BCE sold Bell Canada's directories business for $3 billion cash to a vehicle controlled by KKR and Ontario Teachers' Merchant Bank, described by CIBC as the largest leveraged buyout in Canadian history.

  C$3B2 sources

• Aug 26, 2002

  Extensity, Inc.

  Financial advisor to Geac · Technology - Software

  Buyer Geac Computer Corporation Limited

  Geac agreed to acquire Extensity in a cash-or-share merger valued at roughly US$46-47 million.

  US$46.2M1 source

• Aug 2002

  Co-Steel Inc.

  Financial advisor to Co-Steel; fairness opinion · Metals - Steel

  Buyer Gerdau S.A.

  Gerdau agreed to combine its North American steel operations with Toronto-based Co-Steel to form Gerdau Ameristeel; CIBC World Markets gave Co-Steel's board a fairness opinion.

  Undisclosed1 source

• Jul 15, 2002

  The Maryland Jockey Club

  Financial advisor to the selling stockholders · Media & Entertainment - Gaming

  Buyer Magna Entertainment Corp. · Seller De Francis family and other stockholders

  Magna Entertainment agreed to acquire a controlling interest in The Maryland Jockey Club, operator of Pimlico and Laurel Park, forming an alliance with the De Francis family.

  Undisclosed1 source

• Jun 10, 2002

  Echo Bay Mines Ltd. and TVX Gold Inc.

  Financial advisor to Kinross · Mining - Gold

  Buyer Kinross Gold Corporation

  Kinross, Echo Bay and TVX agreed to a three-way combination, with Kinross also acquiring Newmont's interest in the TVX Newmont Americas joint venture, creating a senior North American gold producer.

  Undisclosed1 source

• Feb 1, 2002

  Accelio Corporation

  Financial advisor to Accelio; fairness opinion · Technology - Software

  Buyer Adobe Systems Incorporated

  Adobe agreed to acquire Ottawa-based Accelio for Adobe shares valued at US$72 million (about C$4.50 per share), after Accelio's board rejected a hostile C$2.75 bid from Open Text; CIBC World Markets advised Accelio and gave fairness and inadequacy opinions.

  US$72M2 sources

• Jan 21, 2002

  Zarlink Bromont foundry and related business

  Financial advisor to Zarlink · Technology - Semiconductors

  Buyer DALSA Corporation · Seller Zarlink Semiconductor Inc.

  Zarlink agreed to sell its Bromont, Quebec foundry to DALSA for C$27 million (C$21.6 million cash plus a retained 19.9% stake), with a multi-year supply agreement.

  C$27M1 source

• Jan 2002

  Alberta Energy Company Ltd.

  Financial advisor to AEC; fairness opinion · Energy - Oil & Gas

  Buyer PanCanadian Energy Corporation (renamed EnCana Corporation)

  PanCanadian Energy and Alberta Energy Company agreed under a combination agreement dated Jan. 27, 2002 to merge by plan of arrangement in an all-share deal, creating EnCana.

  Undisclosed1 source

• Nov 14, 2001

  Franco-Nevada Mining Corporation Limited

  Special advisor to Franco-Nevada on due diligence of Newmont · Mining - Gold

  Buyer Newmont Mining Corporation

  Newmont announced agreements to acquire Toronto-based Franco-Nevada and Australia's Normandy Mining, creating the world's largest gold producer.

  Undisclosed2 sources

• Oct 8, 2001

  Canadian Hunter Exploration Ltd.

  Financial advisor to Canadian Hunter; fairness opinion · Energy - Oil & Gas

  Buyer Burlington Resources Inc.

  Burlington Resources agreed to make a cash take-over bid for Calgary-based Canadian Hunter Exploration under a pre-acquisition agreement; CIBC World Markets and Goldman Sachs advised Canadian Hunter on fairness.

  Undisclosed1 source

• Sep 20, 2001

  Westcoast Energy Inc.

  Financial advisor to Westcoast Energy; fairness opinion · Energy - Midstream & Utilities

  Buyer Duke Energy Corporation

  Duke Energy agreed to acquire Vancouver-based Westcoast Energy in a transaction it valued at US$8.5 billion.

  US$8.5B1 source

• Aug 2001

  SoftQuad Software, Ltd.

  Financial advisor to Corel · Technology - Software

  Buyer Corel Corporation

  Corel agreed in August 2001 to acquire XML software company SoftQuad for Corel shares; Broadview advised SoftQuad and CIBC World Markets advised Corel.

  Undisclosed1 source

• Jun 2001

  Chieftain International, Inc.

  Financial advisor to Chieftain; fairness advice · Energy - Oil & Gas

  Buyer Hunt Oil Company

  Hunt Oil agreed in June 2001 to acquire Edmonton-based Chieftain International by cash take-over bid after Chieftain ran an auction advised by CIBC World Markets.

  Undisclosed1 source

• Mar 2001

  Midcoast Energy Resources, Inc.

  Financial advisor to Midcoast; fairness opinion · Energy - Midstream & Utilities

  Buyer Enbridge Inc.

  Enbridge agreed under a March 15, 2001 merger agreement to acquire Houston-based pipeline company Midcoast Energy for US$27.00 per share in cash (proxy fee-table aggregate value about US$341 million).

  US$341M1 source

Based on publicly disclosed transactions captured by BSO; many deal values are not disclosed. Not a league table: coverage is not exhaustive and should not be read as a ranking.