106 publicly disclosed transactions where Morgan Stanley played an advisory, financing or investing role, most recent first.
Oct 7, 2026
The Boots Group
Lead financial advisor to Wittington; Morgan Stanley Senior Funding 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.
Sep 9, 2026
Fortis Inc. US$1 billion fixed-to-fixed rate junior subordinated notes due 2057
Joint bookrunner · 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.
Sep 8, 2026
Bank of Montreal AT1 Limited Recourse Capital Notes, Series 7
Joint Bookrunner · Financial Services / Banks
Seller Bank of Montreal
BMO priced US$1 billion of 7.375% NVCC AT1 Limited Recourse Capital Notes. Morgan Stanley & Co. LLC was one of six joint book-running managers.
Aug 27, 2026
Westcoast pipeline system (29% indirect interest via new joint venture)
Lead advisor to Enbridge (Morgan Stanley Canada Limited; TD Securities co-advisor) · Energy / Midstream
Buyer KKR, in collaboration with Apollo · Seller Enbridge Inc.
KKR and Apollo agreed to invest about C$2.7 billion to fund Enbridge's Aspen Point and Sunrise expansions of the Westcoast gas pipeline in B.C., including C$0.7 billion of cash to Enbridge at closing, for a cumulative 29% interest.
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.
Mar 30, 2026
Bell Partners Inc.
Exclusive financial advisor to Bell Partners · Real Estate Investment Management
Buyer BGO (Sun Life)
Sun Life's BGO agreed to combine with U.S. multifamily investor Bell Partners, creating a real estate manager with more than $100 billion of AUM.
Feb 2, 2026
Foran Mining Corporation
Financial advisor to Target (with National Bank Capital Markets and Mills Dunlop) · Mining / Gold and Copper
Buyer Eldorado Gold Corporation
Eldorado Gold agreed to acquire Foran Mining, owner of the McIlvenna Bay copper project in Saskatchewan, in a deal implying an equity value for Foran of about C$3.8 billion.
Jan 27, 2026
Royal Bank of Canada AT1 Limited Recourse Capital Notes, Series 8
Joint Bookrunner · Financial Services / Banks
Seller Royal Bank of Canada
RBC offered US$1.0 billion of 6.50% NVCC AT1 Limited Recourse Capital Notes. Morgan Stanley & Co. LLC was a joint book-running manager.
Jan 13, 2026
Invesco Canada fund management agreements
Financial advisor to Invesco · Asset Management
Buyer CI Global Asset Management · Seller Invesco Ltd.
CI GAM agreed to acquire the management agreements for Invesco's Canadian fund business, about C$26 billion of AUM, and form a long-term sub-advisory partnership with Invesco.
Nov 4, 2025
NuVista Energy Ltd.
Financial advisor to Ovintiv · Oil & Gas
Buyer Ovintiv Inc.
Ovintiv agreed to acquire NuVista in a cash-and-stock deal at a blended price of about C$17.80 per share, total consideration of about C$3.8 billion (US$2.7 billion) including net debt.
Nov 3, 2025
Husky Technologies Limited
Financial advisor to CompoSecure · Industrial Equipment
Buyer CompoSecure, Inc. · Seller Platinum Equity
CompoSecure agreed to combine with Platinum Equity-owned Husky Technologies at an enterprise value of about US$5 billion, funded by a ~US$2 billion private placement and a ~US$1 billion Platinum rollover.
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.
Feb 4, 2025
Livingston International
Financial advisor to Livingston · Transportation & Logistics
Buyer Purolator · Seller Platinum Equity
Purolator acquired customs broker Livingston International from Platinum Equity, with a bank-financed acquisition facility.
Nov 14, 2024
Paramount Resources Ltd. (Karr and Wapiti Montney assets)
Financial advisor to Ovintiv on the Montney acquisition · Oil & Gas (E&P)
Buyer Ovintiv Inc. · Seller Paramount Resources Ltd.
Paramount Resources agreed to sell its Karr and Wapiti Montney assets in Alberta to Ovintiv for about C$3.325 billion in cash (US$2.377 billion).
Oct 16, 2024
Thacker Pass project (38% asset-level interest)
Financial advisor to GM · Mining (lithium)
Buyer General Motors · Seller Lithium Americas Corp.
General Motors agreed to acquire a 38% asset-level stake in Lithium Americas' Thacker Pass lithium project in Nevada through a joint venture, contributing US$625 million in cash and letters of credit.
Feb 5, 2024
NOVA Chemicals Corporation
Joint bookrunner · Chemicals
NOVA Chemicals priced a private offering of $650 million of 9% senior unsecured notes due 2030 to refinance its 2024 notes, alongside a tender offer.
Jan 19, 2024
Tricon Residential Inc.
Financial advisor to Tricon · Real Estate
Buyer Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust (BREIT)
Blackstone agreed to acquire all Tricon common shares it did not already own for US$11.25 per share in cash by plan of arrangement, a roughly US$3.5 billion equity transaction value; BREIT kept its ~11% stake.
Jan 11, 2024
Pagero Group AB
Financial adviser to Thomson Reuters · Software (e-invoicing)
Buyer Thomson Reuters Corporation
Thomson Reuters launched a recommended cash offer of SEK 40 per share for Swedish e-invoicing company Pagero, valuing all shares at about SEK 6.4 billion.
Sep 5, 2023
East Ohio Gas, Questar Gas and Public Service Company of North Carolina (Dominion Energy gas utilities)
Co-lead financial advisor to Enbridge · Utilities
Buyer Enbridge Inc. · Seller Dominion Energy, Inc.
Enbridge agreed to buy three U.S. natural gas utilities from Dominion Energy for an aggregate US$14.0 billion including assumed debt, creating the largest gas utility platform in North America.
Jul 12, 2023
IMAX China Holding, Inc. (shares not owned by IMAX)
Financial advisor to IMAX Corporation · Media & Entertainment
Buyer IMAX Corporation
IMAX proposed to acquire the remaining publicly held shares of its Hong Kong-listed subsidiary IMAX China for about HK$10 per share, roughly US$124 million.
Jun 12, 2023
Duke Energy Commercial Renewables (utility-scale business)
Financial advisor to Duke Energy · Power & Renewables
Buyer Brookfield Renewable · Seller Duke Energy Corporation
Duke Energy agreed to sell its unregulated utility-scale Commercial Renewables business to Brookfield Renewable at an enterprise value of about US$2.8 billion including tax equity and assumed debt.
May 31, 2023
Putnam Investments
Financial advisor to Lifeco and Putnam · Asset Management
Buyer Franklin Resources, Inc. (Franklin Templeton) · Seller Great-West Lifeco Inc.
Great-West Lifeco agreed to sell Putnam Investments to Franklin Templeton for upfront consideration of US$950 million to US$1.0 billion; total potential consideration and retained value was estimated at US$1.7-1.8 billion.
Mar 10, 2023
AIR MILES Reward Program business (LoyaltyOne)
Financial advisor to BMO · Financial Services / Loyalty
Buyer Bank of Montreal · Seller Loyalty Ventures Inc. / LoyaltyOne, Co.
BMO confirmed an agreement to acquire LoyaltyOne's AIR MILES Reward Program business, sold alongside the seller's restructuring proceedings.
Jan 31, 2023
Lithium Americas Corp.
Financial advisor to GM · Mining / Lithium
Buyer General Motors Co. (equity investment)
General Motors agreed to make a US$650 million equity investment in Lithium Americas to support the Thacker Pass lithium project.
Jan 20, 2023
Magnet Forensics Inc.
Exclusive financial advisor 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.
Nov 1, 2022
Atlas Corp.
Financial advisor to the special committee · Shipping & Infrastructure
Buyer Poseidon Acquisition Corp. (Fairfax Financial, ONE, Washington family, David Sokol)
A consortium including Fairfax affiliates agreed to take Atlas Corp. private for US$15.50 per share in cash, at an enterprise value of about US$10.9 billion.
Jul 20, 2022
NewRange Copper Nickel LLC (NorthMet and Mesaba)
Financial advisor to Teck · Mining (Copper-Nickel)
Buyer PolyMet Mining Corp. and Teck Resources Limited
PolyMet and Teck agreed to form a 50:50 joint venture combining the NorthMet and Mesaba copper-nickel projects in Minnesota.
May 6, 2022
Watermark Lodging Trust, Inc.
Exclusive financial advisor to Watermark · Real Estate (Lodging)
Buyer Brookfield private real estate funds
Brookfield real estate funds agreed to acquire non-traded lodging REIT Watermark in an all-cash deal valued at US$3.8 billion including debt and preferred equity.
Apr 11, 2022
Shopify Inc.
Financial advisor to Shopify · Technology
Shopify proposed a new founder share to preserve Tobi Lütke's voting power, reviewed by a special committee of independent directors with its own advisors.
Apr 7, 2022
CDK Global, Inc.
Exclusive financial advisor to CDK · Technology
Buyer Brookfield Business Partners and institutional partners
Brookfield Business Partners agreed to acquire automotive retail software provider CDK Global for US$54.87 per share via tender offer, at an enterprise value of US$8.3 billion.
Mar 8, 2022
Intertape Polymer Group Inc.
Financial advisor to IPG; fairness opinion · Packaging
Buyer Clearlake Capital Group, L.P.
Clearlake agreed to acquire Intertape Polymer for C$40.50 per share in cash in a US$2.6 billion transaction by plan of arrangement.
Feb 28, 2022
First Horizon Corporation
Financial advisor to First Horizon · Financial Services
Buyer The Toronto-Dominion Bank
TD agreed to buy Memphis-based regional bank First Horizon for US$25.00 per share in cash. The deal was later terminated in 2023 after regulatory delays.
Dec 20, 2021
Josemaria Resources Inc.
Financial advisor and fairness opinion to the Lundin Mining board · Mining (Copper / Gold)
Buyer Lundin Mining Corporation
Lundin Mining agreed to acquire Josemaria Resources, owner of the Josemaria copper-gold project in Argentina, for an implied equity value of about C$625 million.
Oct 26, 2021
Kentucky Power Company and AEP Kentucky Transmission Company
Financial advisor to Algonquin · 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.
Oct 3, 2021
DentaQuest
Financial advisor to DentaQuest · Insurance & Health Benefits
Buyer Sun Life Financial Inc.
Sun Life agreed to acquire DentaQuest, the largest U.S. provider of Medicaid dental benefits, for US$2.475 billion (about C$3.1 billion).
Aug 9, 2021
WPT Industrial Real Estate Investment Trust
Financial advisor to WPT · Real Estate (Industrial REIT)
Buyer Blackstone Real Estate Income Trust
BREIT agreed to acquire WPT Industrial REIT for US$22.00 per unit in cash, a transaction valued at US$3.1 billion including assumed debt.
Aug 5, 2021
Score Media and Gaming Inc.
Financial advisor to theScore · Media & Gaming
Buyer Penn National Gaming, Inc.
Penn National agreed to acquire theScore for about US$2.0 billion in cash and stock (US$17.00 in cash plus 0.2398 Penn shares per share).
Jun 7, 2021
Ecwid, Inc.
Exclusive financial advisor to Ecwid · Technology (Commerce Software)
Buyer Lightspeed POS Inc.
Lightspeed agreed to acquire e-commerce platform Ecwid for about $500 million in cash and shares, announced alongside its acquisition of NuORDER.
Mar 21, 2021
Kansas City Southern
Financial advisor to Kansas City Southern · Transportation & Rail
Buyer Canadian Pacific Railway Limited
CP agreed to acquire KCS in a stock-and-cash deal at an enterprise value of about US$29 billion (including US$3.8 billion of KCS debt) to create a U.S.-Mexico-Canada rail network. After a competing CN bid, KCS declared CP's revised offer superior in September 2021.
Feb 2, 2021
TELUS International (Cda) Inc.
Lead bookrunner · 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.
Jan 25, 2021
UPS Freight
Financial advisor to TFI · Transportation & Logistics
Buyer TFI International Inc. · Seller United Parcel Service
TFI International agreed to acquire LTL carrier UPS Freight from UPS in a transaction with an enterprise value of about US$800 million.
Dec 16, 2020
Air Canada
Active joint book-running manager · Airlines
Air Canada priced an overnight marketed public offering of 35.4 million shares at C$24.00 for gross proceeds of about C$850 million.
Sep 22, 2020
Inter Pipeline European bulk liquid storage business (majority)
Financial advisor to Inter Pipeline · Midstream
Buyer CLH Group · Seller Inter Pipeline Ltd.
Inter Pipeline agreed to sell a major portion of its European bulk liquid storage business to CLH Group for £420 million (about C$715 million).
Sep 9, 2020
Lightspeed POS Inc.
Joint lead book-running 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.
Aug 11, 2020
Docebo Inc.
Co-lead underwriter · Technology
Docebo and selling shareholders agreed a C$75 million bought deal treasury and secondary offering of common shares at C$50.00.
Jun 29, 2020
Personal Capital Corporation
Financial advisor to Great-West Lifeco and Empower · Wealth Management
Buyer Empower Retirement (Great-West Lifeco)
Great-West Lifeco's Empower Retirement agreed to acquire digital wealth manager Personal Capital for US$825 million upfront plus up to US$175 million of deferred consideration.
Mar 16, 2020
TerraForm Power, Inc.
Financial advisor to the special committee · Power & Renewables
Buyer Brookfield Renewable Partners L.P. / Brookfield Renewable Corporation
Brookfield Renewable agreed to acquire the shares of TerraForm Power it did not already own for 0.381 of a BEP unit (or BEPC share) per TerraForm share.
Nov 25, 2019
Fortis Inc.
Underwriter · 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.
Oct 31, 2019
Bombardier aerostructures and aftermarket services businesses (Belfast, Casablanca, Dallas)
Financial advisor to the acquirer · Aerospace
Buyer Spirit AeroSystems Holdings, Inc. · Seller Bombardier Inc.
Spirit AeroSystems agreed to acquire Bombardier's aerostructures operations in Belfast, Casablanca and Dallas for US$500 million in cash plus assumed liabilities.
Jul 1, 2019
Genesee & Wyoming Inc.
Financial advisor to the target · Transportation (Rail)
Buyer Brookfield Infrastructure and GIC (consortium)
A consortium of Brookfield Infrastructure, its institutional partners and GIC agreed to acquire short-line railroad operator Genesee & Wyoming for US$112 per share in an US$8.4 billion transaction.
Jun 28, 2019
Hydrogenics Corporation
Financial advisor to the acquirer · Industrials (Fuel Cells)
Buyer Cummins Inc. (with Air Liquide's The Hydrogen Company)
Hydrogenics agreed to an arrangement under which shares not held by Air Liquide's subsidiary are acquired for US$15.00 per share in cash.
Jun 27, 2019
Transat A.T. Inc.
Financial advisor to the acquirer · Airlines & Travel
Buyer Air Canada
Air Canada agreed to acquire Transat for $13 per share (about $520 million); the price was raised in August 2019 to $18 per share (about $720 million).
May 13, 2019
WestJet Airlines Ltd.
Additional financial advisor and financing to the acquirer · 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.
Feb 25, 2019
Clementia Pharmaceuticals Inc.
Exclusive financial advisor to the target; fairness opinion · Healthcare (Biotech)
Buyer Ipsen S.A.
Ipsen agreed to acquire Clementia for US$25.00 per share in cash plus a US$6.00 CVR, a total transaction value of up to about US$1.31 billion.
Jan 24, 2019
Great-West Life & Annuity individual life and annuity business
Financial advisor to the acquirer · Insurance
Buyer Protective Life Corporation · Seller Great-West Lifeco Inc.
Protective agreed to acquire, through reinsurance, Great-West Life & Annuity's individual life insurance and annuity business, an estimated capital investment of about US$1.2 billion.
Nov 1, 2018
Manulife legacy U.S. pay-out annuity and Canadian universal life blocks
Financial advisor to Manulife on the U.S. group and individual pay-out annuities transactions · Insurance
Seller Manulife Financial Corporation
Manulife announced three reinsurance transactions on legacy U.S. pay-out annuity and Canadian universal life businesses expected to release more than $1 billion of capital.
Sep 24, 2018
Randgold Resources Limited
Financial adviser to Barrick · 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.
Sep 5, 2018
Nevsun Resources Ltd.
Financial advisor to Zijin · Mining
Buyer Zijin Mining Group Co. Ltd.
Zijin Mining agreed to make a friendly C$6.00-per-share cash take-over bid for Nevsun, valued at C$1.86 billion, topping Lundin Mining's hostile bid.
Apr 21, 2018
Sky Betting & Gaming
Financial advisor to The Stars Group and its board · 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 26, 2018
GGP Inc.
Lead lender in financing syndicate · Real Estate
Buyer Brookfield Property Partners L.P.
Brookfield Property Partners agreed to acquire the GGP shares it did not already own for cash (aggregate cash of $9.25 billion) or BPY units/new BPY U.S. REIT shares.
Jul 17, 2017
Dominion Diamond Corporation
Financial advisor to the special committee; fairness opinion · Mining (Diamonds)
Buyer The Washington Companies
The Washington Companies agreed to acquire Dominion Diamond for US$14.25 per share in cash, an equity value of about US$1.2 billion, by plan of arrangement.
May 18, 2017
Shopify Inc.
Joint bookrunner · 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.
Mar 13, 2017
DH Corporation (D+H)
Financial advisor to Vista · Financial Technology
Buyer Vista Equity Partners
Vista Equity Partners agreed to acquire D+H for $25.50 per share in cash, an enterprise value of about $4.8 billion, and combine it with Misys.
Mar 7, 2017
TerraForm Power, Inc. (51% stake)
Financial advisor to TerraForm Power · Power & Renewables
Buyer Brookfield Asset Management Inc. · Seller SunEdison, Inc. (sponsor interest)
Brookfield agreed to acquire a 51% controlling stake in TerraForm Power and take over sponsorship from SunEdison, implying a total equity value of about US$1.7 billion and enterprise value of about US$6.6 billion.
Nov 1, 2016
Columbia Pipeline Partners LP
Financial advisor to TransCanada on its MLP strategic review · Energy Infrastructure
Buyer TransCanada Corporation (through Columbia Pipeline Group)
TransCanada agreed to buy all publicly held common units of its MLP Columbia Pipeline Partners at US$17.00 per unit, about US$915 million, after a review of MLP strategic alternatives.
Sep 12, 2016
Potash Corporation of Saskatchewan Inc.
Joint financial advisor to Agrium and PotashCorp · 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).
Sep 12, 2016
Dell EMC's Enterprise Content Division (incl. Documentum)
Exclusive financial advisor to Dell Technologies · Technology
Buyer Open Text Corporation · Seller Dell Technologies
OpenText agreed to acquire Dell EMC's Enterprise Content Division, including Documentum, for about US$1.62 billion.
Jul 21, 2016
InterOil Corporation
Fairness opinion to the InterOil board · Oil & Gas
Buyer Exxon Mobil Corporation
ExxonMobil agreed to acquire Yukon-incorporated, Papua New Guinea-focused InterOil by plan of arrangement, displacing an earlier agreement with Oil Search.
Apr 15, 2016
Polycom, Inc.
Financial advisor to Polycom · Technology
Buyer Mitel Networks Corporation
Mitel agreed to acquire Polycom in a cash-and-stock deal valued at about US$1.96 billion (the agreement was later terminated when Polycom accepted a competing offer).
Feb 9, 2016
ITC Holdings Corp.
Financial advisor to ITC · Utilities
Buyer Fortis Inc.
Fortis agreed to buy ITC Holdings, the largest independent electric transmission company in the U.S., for about US$11.3 billion including assumed debt.
Jan 19, 2016
Waste Connections, Inc.
Lead financial advisor and fairness opinion to Waste Connections · Environmental Services
Buyer Progressive Waste Solutions Ltd.
Waste Connections and Toronto-based Progressive Waste Solutions agreed to an all-stock combination, structured as Progressive Waste acquiring Waste Connections, creating a North American solid-waste company with about $4.1 billion of pro forma revenue.
Sep 4, 2015
TECO Energy, Inc.
Lead strategic and financial advisor to TECO Energy · Utilities
Buyer Emera Inc.
Emera agreed to acquire Tampa-based TECO Energy for an aggregate purchase price of about US$10.4 billion, including roughly US$3.9 billion of assumed debt.
2014
Brookfield Residential Properties Inc.
Exclusive financial advisor to the special committee; formal valuation · Real Estate / Homebuilding
Buyer Brookfield Asset Management Inc.
Brookfield Asset Management proposed to acquire the roughly 30% of Brookfield Residential it did not own for US$23.00 per share in cash; the special committee retained Morgan Stanley as financial advisor and formal valuator.
Aug 28, 2013
Three New England gas-fired generation facilities
Sole financial advisor to Capital Power · Power Generation
Buyer Emera Inc. · Seller Capital Power Corporation
Capital Power agreed to sell its three New England combined-cycle gas plants to Emera for US$541 million as it refocused its merchant business on Alberta.
Jul 29, 2013
Saks Incorporated
Financial advisor to Saks · Retail
Buyer Hudson's Bay Company
Hudson's Bay Company agreed to acquire Saks for US$16 per share in cash, about US$2.9 billion including debt.
Jun 12, 2013
Canada Safeway Limited (substantially all assets)
Advisor to Empire on the acquisition · Retail / Grocery
Buyer Sobeys Inc. (Empire Company Limited) · Seller Safeway Inc.
Sobeys agreed to buy substantially all of Canada Safeway's assets from Safeway Inc. for $5.8 billion in cash, adding 213 stores mainly in Western Canada.
Dec 17, 2012
Sun Life Assurance Company of Canada (U.S.) - U.S. annuity business
Financial advisor to Sun Life · Insurance
Buyer Delaware Life Holdings · Seller Sun Life Financial Inc.
Sun Life agreed to sell its U.S. annuity business and certain life businesses to Delaware Life Holdings, owned by Guggenheim Partners shareholders, for US$1.35 billion.
Apr 23, 2012
Thomson Reuters Healthcare business
Financial advisor to Thomson Reuters · Media & Information Services
Buyer Veritas Capital · Seller Thomson Reuters Corporation
Thomson Reuters agreed to sell its Healthcare business to Veritas Capital for $1.25 billion, following its June 2011 announcement of the planned divestiture.
Feb 2012
Westport Innovations Inc.
Joint bookrunner · Industrials
Westport sold 6,325,000 common shares at US$43.25, including the over-allotment, for gross proceeds of about US$273.6 million.
Jun 20, 2011
Capital Power Income L.P.
Financial advisor to Atlantic Power · 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.
Apr 25, 2011
Equinox Minerals Limited
Financial advisor to Barrick · 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.
Oct 5, 2010
Brookfield Homes Corporation and BPO Residential
Financial advisor to the special committee; fairness opinion · Real Estate
Buyer Brookfield Residential Properties Inc.
Brookfield Homes and Brookfield Office Properties' residential unit agreed to combine into Brookfield Residential, a company with about $2.5 billion of assets.
Aug 2, 2010
Red Back Mining Inc.
Independent fairness opinion to Kinross · 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.
Jul 30, 2010
Interest in 16 Australian office properties
Financial advisor to the independent committee · Real Estate
Buyer Brookfield Properties Corporation · Seller Brookfield Asset Management Inc.
Brookfield Properties agreed to acquire from Brookfield Asset Management an economic interest in 16 Australian office properties for about A$1.6 billion.
May 17, 2010
The South Financial Group, Inc.
Financial advisor to TSFG · Banking
Buyer The Toronto-Dominion Bank
TD agreed to acquire South Carolina-based South Financial Group for about US$61 million in cash or TD stock, adding 176 U.S. stores.
Apr 19, 2010
Provident Energy upstream business
Strategic advisor to Provident · Energy
Buyer Midnight Oil Exploration Ltd. · Seller Provident Energy Trust
Provident agreed to combine its upstream business with Midnight Oil Exploration in a $460 million transaction, separating its upstream and midstream businesses.
Mar 1, 2010
Lions Gate Entertainment Corp.
Financial advisor to Lionsgate · Media & Entertainment
Buyer Icahn Group
Carl Icahn's group launched an unsolicited tender offer for Lions Gate shares, which the board recommended rejecting.
Jan 26, 2010
World Color Press Inc.
Financial advisor to Worldcolor · Commercial Printing
Buyer Quad/Graphics, Inc.
Quad/Graphics agreed to acquire Montreal-based Worldcolor in a stock transaction creating a printer with about US$5 billion in revenue.
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.
Feb 25, 2009
CF Industries Holdings, Inc.
Financial advisor to CF Industries · Agriculture / Fertilizers
Buyer Agrium Inc.
Agrium made an unsolicited cash-and-stock proposal, later an exchange offer, to acquire U.S. fertilizer producer CF Industries.
Oct 2007
NovAtel Inc.
Financial advisor to Hexagon and U.S. dealer manager · Technology
Buyer Hexagon AB
Hexagon made a cash take-over bid for NovAtel (amended to US$50.00 per share) after a private placement into the company.
May 8, 2007
Alcan Inc.
Lead financial advisor to the Alcan board · Metals & Mining
Buyer Alcoa Inc. (unsolicited offer, not completed)
Alcoa launched an unsolicited offer for Alcan; Alcan's board recommended rejection and later agreed to a deal with Rio Tinto.
Feb 26, 2007
Hub International Limited
Financial advisor to Apax · Insurance Brokerage
Buyer Funds advised by Apax Partners together with Morgan Stanley Principal Investments
Apax and Morgan Stanley Principal Investments agreed to acquire Hub for US$40.00 per share, valuing it at about US$1.8 billion.
Feb 2007
Novelis Inc.
Financial advisor and fairness opinion to the Novelis board · Metals & Mining
Buyer Hindalco Industries Limited
Hindalco agreed (arrangement agreement dated February 10, 2007) to acquire Novelis; about US$3.45 billion was required to pay shareholders and equity-award holders.
Jun 5, 2006
Trizec Properties, Inc. and Trizec Canada Inc.
Financial advisor to Trizec Properties · Real Estate
Buyer Brookfield Properties Corporation (with The Blackstone Group)
Brookfield Properties, with Blackstone, agreed to acquire Trizec Properties and Trizec Canada in a transaction valued at US$8.9 billion.
May 23, 2006
Inco Limited
Financial advisor to Inco; inadequacy opinion to the board · Mining & Metals
Buyer Teck Cominco Limited
Teck Cominco made an unsolicited cash-and-share offer for Inco; Inco's board, advised by three banks, recommended rejection as inadequate.
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.
Oct 11, 2005
Falconbridge Limited
Financial advisor to Inco · 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.
Jun 1, 2005
O&Y Properties Corporation and O&Y Real Estate Investment Trust
Financial advisor to the CPP Investment Board · Real Estate
Buyer Brookfield Properties consortium (incl. CPP Investment Board)
A Brookfield Properties-led consortium including the CPP Investment Board agreed to acquire O&Y Properties and O&Y REIT for about C$2 billion.
Jan 2005
Goldcorp Inc.
Financial advisor to the Goldcorp special committee; inadequacy opinion · 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.
Nov 2003
Moore Wallace Incorporated
Financial advisor to RR Donnelley; fairness opinion · Business Services - Printing
Buyer R.R. Donnelley & Sons Company
RR Donnelley and Moore Wallace signed a combination agreement on Nov. 8, 2003 under which Moore Wallace shareholders would receive RR Donnelley shares.
Sep 28, 2003
John Hancock Financial Services, Inc.
Financial advisor to John Hancock; fairness opinion · 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.
Jul 2003
Pechiney S.A.
Financial advisor and U.S. dealer manager to Alcan · Metals - Aluminum
Buyer Alcan Inc.
Alcan launched cash-and-share offers for French aluminum producer Pechiney; Morgan Stanley provided financial advisory services to Alcan and acted as U.S. dealer manager.
Jan 17, 2003
Wallace Computer Services, Inc.
Financial advisor to Moore · Business Services - Printing
Buyer Moore Corporation Limited
Moore agreed to acquire Illinois-based Wallace Computer Services for cash and Moore shares (about US$606 million in cash plus shares then worth about US$470 million), forming Moore Wallace.
Oct 10, 2001
TD Waterhouse Group, Inc.
U.S. dealer manager for TD Bank's offer · Financial Services - Brokerage
Buyer The Toronto-Dominion Bank
TD Bank made a US$9.00-per-share cash tender offer for the publicly held minority of TD Waterhouse; the special committee of TD Waterhouse retained Salomon Smith Barney.
Jun 20, 2000
The Seagram Company Ltd.
Financial advisor to Seagram · Media & Entertainment
Buyer Vivendi (with Canal+), forming Vivendi Universal
Vivendi, Canal+ and Montreal-based Seagram agreed to a three-way all-stock merger creating Vivendi Universal, valuing Seagram equity at about US$34 billion (US$77.35 per share, subject to a collar).
