47 publicly disclosed transactions where Macquarie played an advisory, financing or investing role, most recent first.
Sep 28, 2026
Century Mile Racetrack and Casino (Edmonton) and Century Downs Racetrack and Casino (Calgary)
Exclusive financial advisor to Seller · Gaming / Horse Racing
Buyer Highfield Investment Group · Seller Century Casinos, Inc.
Century Casinos agreed to sell the racing and gaming operations of its two Alberta racetrack casinos to Highfield Investment Group for about US$16.4 million (C$23.2 million). Macquarie Capital was the seller's exclusive financial advisor.
Sep 28, 2026
Century Mile and Century Downs racetracks and casinos (Alberta)
Exclusive financial advisor to Century Casinos · Gaming
Buyer Highfield Investment Group · Seller Century Casinos, Inc.
Century Casinos agreed to sell its Alberta racing and gaming operations at Century Mile and Century Downs to Highfield Investment Group for about US$16.4 million (C$23.2 million).
Nov 13, 2025
ECN Capital Corp.
Financial advisor to Buyer · Specialty Finance
Buyer Investor group led by Warburg Pincus
TSX-listed ECN Capital agreed to be taken private by a Warburg Pincus-led investor group at C$3.10 per share in cash, an enterprise value of about C$1.9 billion. Macquarie Capital, BMO Capital Markets and Truist Securities advised the buyers; CIBC and RBC advised ECN.
Jun 13, 2025
Adriatic Metals plc
Joint financial advisor to Adriatic · Mining - Precious & Base Metals
Buyer Dundee Precious Metals Inc.
Dundee Precious Metals proposed to acquire Adriatic Metals, owner of the Vareš mine in Bosnia and Herzegovina, valuing its share capital at about US$1.3 billion in cash and DPM shares.
Jun 24, 2024
Fission Uranium Corp.
Financial advisor to Paladin · Mining (Uranium)
Buyer Paladin Energy Ltd
Paladin agreed to acquire Fission by plan of arrangement for 0.1076 Paladin shares per Fission share, an implied C$1.30 per share and C$1,140 million equity value.
Nov 10, 2020
Great Canadian Gaming Corporation
Lead financial advisor to Apollo · 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.
Sep 25, 2020
AST Investor Services Inc. (Canada) and AST Trust Company (Canada)
Financial advisor to AST · Financial Services
Buyer TMX Group Limited · Seller Armor Holdco, Inc. (Pacific Equity Partners portfolio company)
TMX Group agreed to acquire AST's Canadian transfer agency and corporate trust business for $165 million in total consideration.
Apr 21, 2018
Sky Betting & Gaming
Committed debt financing · Gaming
Buyer The Stars Group Inc.
The Stars Group agreed to acquire UK online betting operator Sky Betting & Gaming at an enterprise value of about US$4.7 billion in cash and shares.
Mar 6, 2018
William Hill Australia Holdings Pty Ltd. and additional CrownBet interest
Sole financial advisor to The Stars Group; committed debt financing · Gaming
Buyer The Stars Group Inc. (via CrownBet)
The Stars Group agreed to raise its CrownBet stake from 62% to 80% and have CrownBet acquire William Hill Australia, for about US$315 million in aggregate.
Nov 20, 2017
Peak Mines (Australia)
Financial advisor to New Gold · Mining (Gold)
Buyer Aurelia Metals Limited · Seller New Gold Inc.
New Gold agreed to sell its Peak Mines in Australia to Aurelia Metals for US$58 million.
Sep 11, 2017
Richmont Mines Inc.
Financial advisor to Richmont and its board · Mining (Gold)
Buyer Alamos Gold Inc.
Alamos Gold agreed to acquire Richmont Mines in an all-share friendly transaction valued at about US$770 million (fully diluted equity value).
Mar 7, 2016
Claude Resources Inc.
Financial advisor and fairness opinion to the Silver Standard board · Mining
Buyer Silver Standard Resources Inc.
Silver Standard agreed to acquire Saskatchewan gold producer Claude Resources in a share deal implying an equity value of about C$337 million.
Oct 15, 2015
Carlisle Goldfields Limited
Financial advisor and fairness opinion to the Alamos board · Mining
Buyer Alamos Gold Inc.
Alamos agreed to acquire Carlisle Goldfields to consolidate ownership of the Lynn Lake gold project in Manitoba.
May 26, 2015
Legacy Oil + Gas Inc.
Strategic advisor to Crescent Point · Oil & Gas
Buyer Crescent Point Energy Corp.
Crescent Point agreed to acquire Legacy Oil + Gas by plan of arrangement for about $1.53 billion including roughly $967 million of assumed net debt, alongside a $600 million bought-deal financing.
Jun 3, 2014
Papillon Resources Limited
Financial advisor to Papillon · Mining (Gold)
Buyer B2Gold Corp.
B2Gold agreed to acquire ASX-listed Papillon Resources, owner of the Fekola project in Mali, by Australian scheme of arrangement at 0.661 B2Gold shares per Papillon share.
Mar 31, 2014
Longview Oil Corp.
Exclusive financial advisor to Surge · Oil & Gas
Buyer Surge Energy Inc.
Surge Energy and Longview Oil agreed to a $429 million strategic business combination by plan of arrangement.
Dec 19, 2013
Madsen Gold Project (Red Lake, Ontario)
Financial advisor to Laurentian on the acquisition and financing · Mining (Gold)
Buyer Laurentian Goldfields Ltd. · Seller Claude Resources Inc.
Claude Resources agreed to sell its Madsen Gold Project to Laurentian Goldfields for C$3.75 million cash plus equity, conditional on a Laurentian financing.
Dec 17, 2013
PMI Gold Corporation
Financial advisor to PMI · Mining (Gold)
Buyer Asanko Gold Inc.
Asanko Gold and PMI Gold agreed to a business combination by plan of arrangement valuing PMI's undiluted equity at about C$183 million.
Aug 29, 2011
Northgate Minerals Corporation
Fairness opinion to the special committee and board · Mining
Buyer AuRico Gold Inc.
AuRico agreed to acquire Northgate by plan of arrangement to form an intermediate gold producer; the deal closed on October 26, 2011.
Jul 13, 2011
Primero Mining Corp.
Fairness opinion to the special committee · Mining
Buyer Northgate Minerals Corporation
Northgate and Primero agreed to combine via a share exchange, with Northgate offering about $4.215 per Primero share.
Dec 9, 2010
Granite State Electric Company and EnergyNorth Natural Gas Inc.
Exclusive financial advisor to APUC · Utilities
Buyer Algonquin Power & Utilities Corp. · Seller National Grid USA
Algonquin agreed to acquire two New Hampshire utilities from National Grid USA for US$285.0 million.
Feb 26, 2010
BPO Properties Ltd. (Brookfield Office Properties Canada)
Financial advisor and formal valuator to the independent committee · Real Estate
Buyer Brookfield Properties Corporation
Brookfield Properties proposed converting BPO Properties into a Canadian office REIT that would also acquire an interest in Brookfield Place.
Dec 28, 2009
Corriente Resources Inc.
Financial advisor to the offeror · 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.
Aug 26, 2009
Sino Gold Mining Limited
Financial advisor to Eldorado · Mining
Buyer Eldorado Gold Corporation
Eldorado Gold agreed to combine with ASX-listed Sino Gold in an all-share deal valuing Sino Gold at about A$2.2 billion.
Mar 31, 2009
Cadiscor Resources Inc.
Financial advisor to Cadiscor · Mining
Buyer North American Palladium Ltd.
North American Palladium agreed to acquire Cadiscor Resources by plan of arrangement at 0.33 NAP shares per Cadiscor share.
Mar 4, 2009
Western Goldfields Inc.
Financial advisor to New Gold · Mining
Buyer New Gold Inc.
New Gold agreed to acquire Western Goldfields by plan of arrangement in a one-for-one share exchange.
Jan 2009
Central Sun Mining Inc.
Financial advisor to Central Sun · Mining
Buyer B2Gold Corp.
B2Gold agreed to combine with Central Sun Mining at 1.28 B2Gold shares per Central Sun share, valued at about C$66.8 million.
Jul 31, 2008
Gold Eagle Mines Ltd.
Financial advisor to Goldcorp · Metals & Mining
Buyer Goldcorp Inc.
Goldcorp agreed to acquire Gold Eagle and its Bruce Channel discovery by plan of arrangement for about $1.5 billion.
Apr 21, 2008
Frontier Pacific Mining Corporation
Financial advisor to Eldorado · Metals & Mining
Buyer Eldorado Gold Corporation
Eldorado launched an offer for Frontier Pacific valued at about C$148 million, backed by a lock-up with Dundee Precious Metals.
Mar 31, 2008
Metallica Resources Inc. and Peak Gold Ltd.
Financial advisor to New Gold · Metals & Mining
Buyer New Gold Inc.
Metallica, New Gold and Peak Gold announced a US$1.6 billion three-way combination to create an intermediate gold producer.
Sep 2006
Yak Communications Inc.
Financial advisor to Yak (sale process) (as Orion Securities Inc.) · Telecommunications
Buyer Globalive Communications
Globalive agreed to acquire Yak Communications via a tender offer and merger valued at about $68 million after a sale process run by Orion.
Aug 31, 2006
Glamis Gold Ltd.
Financial advisor to Glamis (as Orion Securities Inc.) · 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.
Aug 21, 2006
EuroZinc Mining Corporation
Financial advisor to Lundin Mining · Mining & Metals
Buyer Lundin Mining Corporation
EuroZinc and Lundin Mining agreed to merge, creating a copper-zinc producer with a market capitalization of about US$3.0 billion under the Lundin Mining name.
Jul 24, 2006
Contact Diamond Corporation
Formal valuation and fairness opinion to the Contact special committee (as Orion Securities Inc.) · 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.
Feb 24, 2006
Western Silver Corporation
Exclusive financial advisor to Glamis (as Orion Securities Inc.) · Mining & Metals
Buyer Glamis Gold Ltd.
Glamis agreed to acquire Western Silver, owner of the Penasquito project in Mexico, by plan of arrangement for about C$1.2 billion.
2006
Ketch Resources Trust
Financial advisor to Ketch; fairness opinion (as Tristone Capital Inc.) · Oil & Gas
Buyer Advantage Energy Income Fund
Advantage and Ketch merged by plan of arrangement, creating a gas-weighted trust with enterprise value of about $2.7 billion, while Advantage internalized its management.
Dec 5, 2005
Eleonore gold property (Virginia Gold Mines Inc.)
Exclusive financial advisor to Virginia Gold (as Orion Securities Inc.) · Mining & Metals
Buyer Goldcorp Inc. · Seller Virginia Gold Mines Inc.
Goldcorp agreed in a friendly transaction to acquire the Eleonore gold property in James Bay, Quebec from Virginia Gold Mines.
Oct 5, 2005
Carlota Copper Project
Financial advisor to Quadra (as Orion Securities) · Mining & Metals
Buyer Quadra Mining Ltd. · Seller Cambior Inc.
Cambior agreed to sell the Carlota copper project to Quadra Mining for $37.5 million in cash and gold payments.
Jul 21, 2005
Dynamic Oil & Gas, Inc. (Alberta assets)
Financial advisor to Dynamic (as Orion Securities Inc.) · Oil & Gas
Buyer Sequoia Oil & Gas Trust
Sequoia agreed to acquire Dynamic's Alberta assets for C$72.9 million less assumed obligations, with Dynamic's B.C. and Saskatchewan assets spun into a new exploration company.
May 12, 2005
Riddarhyttan Resources AB
Financial advisor to Agnico-Eagle (as Orion Securities Inc.) · Mining & Metals
Buyer Agnico-Eagle Mines Limited
Agnico-Eagle agreed to make an exchange offer for the balance of Swedish-listed Riddarhyttan, valuing it at about US$150 million.
May 2005
Afcan Minerals Inc.
Financial advisor to Eldorado (as Orion Securities Inc.) · Mining & Metals
Buyer Eldorado Gold Corporation
Eldorado agreed to acquire Afcan Minerals, owner of the Tanjianshan gold project in China, issuing about 20.4 million shares.
Jan 2005
Goldcorp Inc.
Dealer manager for the Glamis offer (as Orion Securities Inc.) · Mining & Metals
Buyer Glamis Gold Ltd.
Glamis made an unsolicited share-exchange offer for Goldcorp, conditional on Goldcorp abandoning the Wheaton River deal; Goldcorp's special committee found the offer inadequate.
Jul 15, 2004
EnCana conventional oil and gas assets
Financial advisor to EnCana (as Tristone Capital Inc.) · Oil & Gas
Seller EnCana Corporation
EnCana agreed to sell mature conventional oil and gas assets for about US$395 million as part of divestitures following the Tom Brown acquisition.
May 27, 2004
Wheaton River Minerals Ltd.
Independent financial advisor to the Wheaton special committee (as Orion Securities Inc.) · 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.
Apr 6, 2004
Viracocha Energy Inc.
Financial advisor to Viracocha (as Orion Securities) · Oil & Gas
Buyer Provident Energy Trust
Provident agreed to acquire Viracocha Energy by plan of arrangement, concurrently with its separate Olympia Energy acquisition.
Sep 2003
Miranda Mining Corporation
Financial advisor to Miranda Mining and Teck Cominco; fairness conclusion to Miranda · Mining - Gold
Buyer Wheaton River Minerals Ltd. · Seller Teck Cominco Limited (majority shareholder)
Wheaton River made a US$38.62 million all-cash offer for Miranda Mining, in which Teck Cominco held an interest; Macquarie advised both Miranda and Teck Cominco.
Undated
QScale
Financial advisor to Buyer · Digital infrastructure / data centres
Buyer Goldman Sachs Alternatives
Macquarie Capital provided M&A and debt advisory support to Goldman Sachs Alternatives on its acquisition of QScale, a Canadian developer and operator of AI-ready data centres; founders and management stayed invested. The case study was published 2026-07-01; no transaction date or value is disclosed.
