229 publicly disclosed transactions where Scotiabank Global Banking and Markets played an advisory, financing or investing role, most recent first.
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).
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.
Oct 6, 2026
Canadian Utilities Limited and ATCO Ltd.
Financial advisor to Emera; fairness opinion to the Emera board · 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.
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.
Sep 28, 2026
Apotex Health Corp. C$1.25 billion inaugural senior unsecured notes
Joint bookrunner · 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.
Sep 22, 2026
Topaz Energy Corp. (bought deal secondary offering of common shares)
Co-lead 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.
Sep 15, 2026
Sagen MI Canada Inc.
Co-lead 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.
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.
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.
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.
Sep 9, 2026
Public Storage (PS Canada Finance ULC) C$400 million 4.540% senior notes due 2033
Joint book-running manager · Real Estate
Public Storage priced its first Canadian-dollar bond, C$400 million of 7-year senior notes issued through PS Canada Finance ULC, to replenish cash used for the Public Storage Canada acquisition.
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 joint bookrunner (Canadian private placement) (as Scotia Capital (USA) Inc.; Scotia Capital Inc.) · 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.
Sep 9, 2026
Fortis Inc. US$1 billion fixed-to-fixed rate junior subordinated notes due 2057
Underwriter (co-manager) (as Scotia Capital (USA) Inc.) · 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
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.
Aug 26, 2026
Advantage Energy Ltd. Wembley area assets (Alberta)
Financial advisor to Advantage · Energy (Oil & Gas)
Seller Advantage Energy Ltd.
Advantage Energy agreed to sell its Montney assets in the Wembley area of Alberta to an undisclosed buyer for $316 million in cash, using the proceeds to cut net debt and speed up shareholder returns.
Jul 31, 2026
Żabka Group
Joint bookrunner on acquisition debt facilities · Retail
Buyer Alimentation Couche-Tard Inc.
Couche-Tard launched a voluntary tender offer at PLN 32.00 per share for Polish convenience retailer Żabka after agreeing to acquire a controlling stake, an equity value of about PLN 32.6 billion (US$8.6 billion).
Jun 17, 2026
KAPS Pipeline (remaining 50% interest)
Financial advisor to Stonepeak · Midstream / Pipelines
Buyer Keyera Corp. · Seller Stonepeak
Keyera acquired Stonepeak's 50% non-operating interest in the KAPS pipeline for $1.215 billion, signing and closing on the same day.
Jun 3, 2026
PROREIT (trust unit offering)
Bookrunner · Real Estate
PROREIT announced a $72.5 million bought-deal offering of trust units and a $21.7 million concurrent private placement to help fund $136.8 million of industrial acquisitions.
May 13, 2026
Orla Mining Ltd.
Financial advisor to the Orla special committee; fairness opinion · 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.
Mar 10, 2026
Frontera Energy Colombian E&P assets
Underwritten financing commitment to Parex · Oil & Gas
Buyer Parex Resources Inc. · Seller Frontera Energy Corporation
Frontera agreed to sell its upstream Colombian exploration and production business to Parex for up to US$525 million of equity consideration plus assumed obligations, a firm value of about US$750 million.
Mar 3, 2026
Covelya Group
Exclusive financial advisor and fairness opinion to Buyer; sole bookrunner on C$150 million credit facility; lead left bookrunner on subscription receipt offering · Marine technology / defence
Buyer Kraken Robotics Inc.
Canadian subsea technology company Kraken agreed to buy UK-based Covelya for C$615 million in cash and shares, funded partly by a subscription receipt offering and a new credit facility. Closing was expected in Q2 2026.
Feb 10, 2026
Reconeyez (and VOSKER senior debt financing)
Co-lead arranger on US$200M senior debt · Security Technology
Buyer VOSKER
VOSKER acquired AI surveillance company Reconeyez and closed US$200 million of senior debt financing to support its growth.
Dec 23, 2025
GDI Integrated Facility Services Inc.
Independent financial advisor and independent valuator to the special committee; fairness opinion · Business Services (Facility Services)
Buyer Birch Hill Equity Partners and Gestion Claude Bigras
Birch Hill and Claude Bigras agreed to take GDI private at $36.60 per share in cash.
Dec 21, 2025
Rana Gruber ASA
Sole underwriter, sole arranger and sole bookrunner, US$150 million term loan · Mining (Iron Ore)
Buyer Champion Iron Limited
Champion Iron launched a NOK 79 per share cash tender offer for Norway's Rana Gruber (about US$289 million), funded by a La Caisse placement, a Scotiabank term loan and cash.
Dec 8, 2025
Gold Royalty Corp.
Underwriter · Mining (Royalties)
US$70.0 million bought-deal financing announced December 8, 2025 and subsequently upsized.
Dec 2025
Premium Brands Holdings Corporation
Co-lead underwriter · 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.
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).
Nov 6, 2025
Canadian National Railway Company
Underwriter (syndicate member) (as Scotia Capital (USA) Inc.) · Transportation (Rail)
CN announced a US$700 million public debt offering in two tranches.
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).
Oct 1, 2025
Collective Mining Ltd.
Lead underwriter and joint bookrunner · Mining (Gold/Copper)
Bought-deal public offering of common shares at C$19.00 for about C$125.4 million.
Sep 9, 2025
Teck Resources Limited
Independent fairness opinion to the Teck board · Mining & Metals
Buyer Anglo American plc
Teck and Anglo American agreed an at-market merger of equals by plan of arrangement to form Anglo Teck, a copper-focused miner with its global head office in Canada. No single transaction value was stated in the release.
Aug 11, 2025
Fairfax Financial Holdings Limited
Joint bookrunner · Insurance
Fairfax launched a C$700 million offering of senior notes.
Jul 24, 2025
GO Residential Real Estate Investment Trust
Underwriter (syndicate member) · 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).
Jul 7, 2025
Sandstorm Gold Ltd. and Horizon Copper Corp.
Lead financial advisor to Royal Gold · 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.
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.
May 27, 2025
InterRent Real Estate Investment Trust
Financial advisor to the purchaser · Real Estate - Multifamily REIT
Buyer CLV Group and GIC
CLV Group, in partnership with GIC, agreed to acquire InterRent REIT for $13.55 per unit in cash in a roughly $4 billion transaction.
May 15, 2025
MEG Energy Corp.
Exclusive financial advisor to Strathcona on the offer · Energy - Oil Sands
Buyer Strathcona Resources Ltd.
Strathcona announced, then on May 30 formally commenced, an unsolicited take-over bid for MEG Energy; MEG's board and special committee engaged advisors and urged shareholders to take no action.
May 14, 2025
Strathcona Resources' Groundbirch Montney asset
Lead financial advisor on the Groundbirch sale · Energy - Oil & Gas E&P
Buyer Tourmaline Oil Corp. · Seller Strathcona Resources Ltd.
Strathcona agreed to sell its Groundbirch asset to Tourmaline for $291.5 million in Tourmaline common shares.
May 13, 2025
Portfolio of six industrial properties in Winnipeg
Financial advisor to PROREIT · Real Estate - Industrial
Buyer PRO Real Estate Investment Trust
PROREIT agreed to acquire six industrial properties in Winnipeg for an aggregate $96.5 million.
Apr 22, 2025
Orogen Royalties Inc.
Financial advisor to Triple Flag; fairness opinion to the board · Mining - Royalties & Streams
Buyer Triple Flag Precious Metals Corp.
Triple Flag agreed to acquire Orogen and its 1.0% NSR royalty on the Expanded Silicon gold project for about C$421 million in cash, shares and Orogen Spinco shares.
Apr 14, 2025
Chorus Aviation Inc.
Financial advisor and dealer manager; liquidity opinion · Transportation - Aviation
Chorus Aviation commenced a substantial issuer bid to repurchase up to $25 million of its shares.
Apr 8, 2025
SECURE Waste Infrastructure Corp.
Dealer manager and financial advisor · Environmental & Energy Services
SECURE announced a substantial issuer bid to repurchase up to $200 million of its common shares.
Mar 24, 2025
Boat Rocker Media Inc.
Independent valuator and exclusive financial advisor to the special committee; fairness opinion · Media & Entertainment
Buyer Blue Ant Media
Blue Ant Media agreed to go public by reverse takeover of Boat Rocker Media, alongside a management buyout of the Boat Rocker Studios business.
Mar 10, 2025
Veren Inc.
Financial advisor to the special committee; fairness opinion · Energy - Oil & Gas E&P
Buyer Whitecap Resources Inc.
Whitecap and Veren agreed to an all-share combination, described as a $15 billion transaction (combined enterprise value), creating a large Alberta Montney and Duvernay light oil and condensate producer.
Feb 4, 2025
Livingston International
Exclusive financial advisor to Purolator · Transportation & Logistics
Buyer Purolator · Seller Platinum Equity
Purolator acquired customs broker Livingston International from Platinum Equity, with a bank-financed acquisition facility.
Dec 23, 2024
Westbrick Energy Ltd.
Joint financial advisor to Westbrick · Oil & Gas (E&P)
Buyer Vermilion Energy Inc.
Vermilion agreed to acquire privately held Deep Basin producer Westbrick Energy for total consideration of C$1.075 billion via plan of arrangement, adding about 50,000 boe/d.
Dec 16, 2024
Orion Health
Co-lead underwriter of C$50 million bought deal · Healthcare technology
Buyer HEALWELL AI Inc. · Seller Orion Health Holdings Limited
HEALWELL AI agreed to acquire New Zealand-based Orion Health for about C$144 million upfront in cash and stock plus an earn-out, and launched a C$50 million bought deal financing.
Dec 12, 2024
Cripple Creek & Victor gold mine
Financial advisor to SSR Mining; fairness opinion to the board · Mining (gold)
Buyer SSR Mining Inc. · Seller Newmont Corporation
SSR Mining agreed to acquire the Cripple Creek & Victor gold mine in Colorado from Newmont for US$100 million upfront in cash plus up to US$175 million in milestone payments.
Dec 2, 2024
iA Financial Corporation
Agent · Insurance
iA Financial Group launched a C$400 million offering of 4.131% fixed/floating unsecured subordinated debentures due 2034 on a best-efforts agency basis.
Nov 18, 2024
Musselwhite Gold Mine
Financial advisor to Orla · Mining (gold)
Buyer Orla Mining Ltd. · Seller Newmont Corporation
Orla Mining agreed to buy the Musselwhite gold mine in Ontario from Newmont for US$810 million upfront plus US$40 million gold-price-linked contingent consideration, funded with debt, a gold prepay and convertible notes.
Nov 14, 2024
Paramount Resources Ltd. (Karr and Wapiti Montney assets)
Strategic advisor to Paramount · 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 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.
Oct 24, 2024
Collective Mining Ltd.
Underwriter (syndicate member) · Mining (gold-copper exploration)
Collective Mining announced a C$30 million bought deal of 6 million common shares at C$5.00, increased to C$35 million the next day.
Oct 4, 2024
SilverCrest Metals Inc.
Financial advisor to the special committee; fairness opinion · Mining (silver)
Buyer Coeur Mining, Inc.
Coeur Mining agreed to acquire SilverCrest, owner of the Las Chispas silver-gold mine in Mexico, at an exchange ratio of 1.6022 Coeur shares per SilverCrest share, implying equity value of about US$1.7 billion.
Aug 12, 2024
KeyCorp (14.9% equity interest)
Financial advisor to Scotiabank (in-house) · Banking
Buyer The Bank of Nova Scotia
Scotiabank agreed to acquire an approximately 14.9% pro forma stake in U.S. lender KeyCorp through a two-stage issuance of common shares at US$17.17 per share, for about US$2.8 billion in cash.
Jul 30, 2024
Chorus Aviation regional aircraft leasing segment (Falko)
Financial advisor to Chorus · Aviation (aircraft leasing)
Buyer HPS Investment Partners (affiliated funds) · Seller Chorus Aviation Inc.
Chorus Aviation agreed to sell its regional aircraft leasing segment, including Falko Regional Aircraft and its fund interests, to funds managed by HPS Investment Partners for aggregate consideration of about C$1.9 billion, including about C$1.1 billion of aircraft debt.
Jul 11, 2024
Héroux-Devtek Inc.
Financial advisor to the company and special committee; fairness opinion · Aerospace & Defence
Buyer Platinum Equity
Platinum Equity agreed to take Héroux-Devtek private for C$32.50 per share in cash, an enterprise value of about C$1.35 billion, with senior management rolling over part of their shares.
Jun 20, 2024
Ownership interests in 10 Quebec retirement residences (incl. GMA Portfolio)
Co-lead underwriter, $300 million bought deal of trust units · Seniors Housing / Real Estate
Buyer Chartwell Retirement Residences
Chartwell agreed to acquire two Quebec retirement portfolios for a combined $511 million and launched a $300 million bought deal of trust units to help fund them.
Jun 19, 2024
Veren Inc.
Joint lead agent and joint bookrunner · Oil & Gas
Veren priced CDN$1.0 billion of investment-grade senior unsecured notes in five- and ten-year tranches to repay its bank term loan.
Jun 13, 2024
Sagicor Financial Company Ltd.
Agent (syndicate member) · Insurance
Sagicor priced a C$250 million Canadian private placement of 6.359% senior unsecured notes due 2029.
Jun 5, 2024
Parkland's Canadian commercial propane business
Financial advisor to Parkland on the divestment · Energy / Fuel Distribution
Buyer Avenir Energy Ltd. · Seller Parkland Corporation
Parkland agreed to divest its Canadian commercial propane business to Avenir Energy for about $115 million in cash, with a ten-year exclusive fuel supply arrangement.
May 28, 2024
Labrador Island Link (Emera's indirect minority equity interest)
Exclusive financial advisor to KKR · Utilities / Power Transmission
Buyer KKR · Seller Emera Inc.
Emera agreed to sell its minority equity interest in the Labrador Island Link to KKR for a $1.19 billion transaction value ($957 million cash plus assumption of $235 million of remaining capital funding).
May 14, 2024
CES Energy Solutions Corp.
Joint bookrunning manager · Oilfield Services
CES agreed to sell $200 million of 6.875% senior unsecured notes due 2029 by private placement.
May 6, 2024
Flat Lake and Battrum assets (southeast and southwest Saskatchewan)
Financial advisor to Crescent Point (Flat Lake sale) · Oil & Gas
Buyer Saturn Oil & Gas Inc. · Seller Crescent Point Energy Corp.
Crescent Point agreed to sell non-core Saskatchewan assets, including Flat Lake and Battrum, to Saturn for $600 million in cash (Saturn described a $525 million acquisition); Saturn funded it with a Goldman Sachs debt commitment, a new RBL and a $100 million bought deal.
Apr 23, 2024
Greenstone Gold Mine GP Inc. (Orion 40% interest)
Joint bookrunner, concurrent bought deal equity offering · Mining (Gold)
Buyer Equinox Gold Corp. · Seller Orion Mine Finance funds
Equinox agreed to buy Orion's 40% interest in the Greenstone mine for US$995 million in cash and shares, funded partly by a new US$500 million term loan and a bought deal equity offering.
Mar 27, 2024
Argonaut Gold Inc.
Financial advisor to Argonaut 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.
Mar 11, 2024
mdf commerce inc.
Exclusive financial advisor to mdf commerce; fairness opinion · Software
Buyer KKR
KKR agreed to acquire mdf commerce for C$5.80 per share in cash, about C$255 million of equity value and a roughly 58% premium.
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.
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).
Feb 6, 2024
Dream Summit Industrial LP
Lead agent · Real Estate (Industrial)
Dream Summit Industrial priced a C$250 million private placement of 5.111% Series E senior unsecured debentures due 2029.
Feb 5, 2024
NOVA Chemicals Corporation
Joint bookrunner (as Scotia Capital (USA) Inc.) · 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.
Feb 1, 2024
Capstone Copper Corp.
Joint bookrunner · Mining (Copper)
Seller Orion Mine Finance funds (secondary portion)
Capstone and selling shareholder Orion agreed a combined treasury and secondary bought deal of 59.52 million shares at C$6.30 for about C$375 million.
Jan 19, 2024
Tricon Residential Inc.
Independent financial advisor and independent valuator to the special committee · 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 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.
Jan 15, 2024
Neighbourly Pharmacy Inc.
Financial advisor to PCP · Healthcare / Pharmacy
Buyer Persistence Capital Partners (T.I.D. Acquisition Corp.)
Controlling shareholder Persistence Capital Partners agreed to take Neighbourly private for $18.50 per share in cash plus a contingent value right, by plan of arrangement, after negotiating with an independent transaction committee.
Nov 27, 2023
Baytex Viking assets at Forgan and Plato (Saskatchewan)
Financial advisor to Baytex · Oil & Gas
Buyer Undisclosed buyer · Seller Baytex Energy Corp.
Baytex agreed to sell certain Viking light oil assets in southwest Saskatchewan for $153.8 million, applying proceeds to bank debt.
Nov 13, 2023
Marathon Gold Corporation
Capital markets advisor to Calibre · Mining
Buyer Calibre Mining Corp.
Calibre agreed to acquire Marathon Gold, developer of the Valentine gold project, in an all-share deal worth about C$345 million, plus a C$40 million concurrent financing.
Sep 21, 2023
Alimentation Couche-Tard Inc. (C$800 million 5.592% Series 7 senior unsecured notes due 2030)
Joint bookrunner · Retail / Convenience
Couche-Tard priced a C$800 million private placement of 5.592% senior unsecured notes due 2030 to repay debt and for general purposes.
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.
Mar 28, 2023
Spartan Delta Corp.'s Montney assets
Strategic advisor to Crescent Point · Oil & Gas
Buyer Crescent Point Energy Corp. · Seller Spartan Delta Corp.
Crescent Point agreed to acquire Spartan Delta's oil and liquids-rich Alberta Montney assets for $1.7 billion in cash.
Mar 16, 2023
TotalEnergies retail assets in Germany, the Netherlands, Belgium and Luxembourg
Co-lead arranger and joint bookrunner, new term loan · Retail / Convenience
Buyer Alimentation Couche-Tard Inc. · Seller TotalEnergies SE
Couche-Tard made a firm offer to acquire TotalEnergies retail networks in Germany, the Netherlands, Belgium and Luxembourg for about EUR 3.1 billion, financed partly with a new term loan.
Feb 28, 2023
Ranger Oil Corporation
Strategic 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.
Nov 7, 2022
Summit Industrial Income REIT
Independent financial advisor to the special committee · Real Estate
Buyer GIC and Dream Industrial REIT joint venture
A GIC/Dream Industrial REIT joint venture agreed to acquire Summit in an all-cash deal valued at about C$5.9 billion including assumed debt, at $23.50 per unit.
Aug 9, 2022
Recipe Unlimited Corporation
Financial advisor to Fairfax · Restaurants
Buyer Fairfax Financial Holdings Limited
Recipe signed a letter of intent, then a definitive arrangement agreement on September 1, under which Fairfax would take the restaurant company private. The special committee obtained an MI 61-101 formal valuation.
Jun 1, 2022
Datum Consulting Group, LLC
Sole financial advisor to Alithya · Technology Services
Buyer Alithya Group inc.
Alithya agreed to acquire insurance-focused digital transformation firm Datum for up to US$45.5 million including earn-outs.
May 31, 2022
Yamana Gold Inc.
Financial advisor to Yamana; fairness opinion to the board · Mining (Gold)
Buyer Gold Fields Limited
Gold Fields agreed to acquire Yamana in an all-share deal valuing Yamana at US$6.7 billion. Yamana later terminated the agreement in favour of the Pan American/Agnico Eagle proposal.
Feb 1, 2022
Vitalyst, LLC
Sole financial advisor to Alithya; agent on equity private placement · Technology Services
Buyer Alithya Group inc.
Alithya acquired US-based Microsoft change-enablement partner Vitalyst for up to US$50.2 million.
Jan 24, 2022
Exterran Corporation
Strategic advisor to Enerflex · Energy Services
Buyer Enerflex Ltd.
Enerflex agreed to combine with Houston-based Exterran in an all-share deal, with a transaction value for Exterran of about US$735 million.
Dec 13, 2021
Blackwater gold stream
Financial advisor to New Gold · Mining (Royalties & Streams)
Buyer Wheaton Precious Metals Corp. · Seller New Gold Inc.
New Gold agreed to sell its gold stream on Artemis Gold's Blackwater project to Wheaton Precious Metals for US$300 million.
Nov 17, 2021
Definity Financial Corporation
Joint bookrunner · 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.
Nov 17, 2021
Coveo Solutions Inc.
Underwriter (syndicate member) · Technology (Software)
Coveo priced its TSX initial public offering of 14.34 million subordinate voting shares at C$15.00, raising C$215.1 million.
Nov 2, 2021
E Automotive Inc.
Underwriter (syndicate member) · 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.
Oct 26, 2021
Kentucky Power Company and AEP Kentucky Transmission Company
Co-lead underwriter of the concurrent C$800 million 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.
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.
Aug 11, 2021
Periscope Holdings
Exclusive financial advisor to mdf commerce; sole bookrunner and co-lead manager of the offering and placement agent · Technology (eProcurement Software)
Buyer mdf commerce inc.
mdf commerce agreed to acquire U.S. eProcurement provider Periscope for about $259.9 million on a cash-free, debt-free basis, funded partly by a bought-deal subscription receipt offering and a private placement.
Jun 22, 2021
Astra Oil Corp.
Exclusive financial advisor and fairness opinion to Surge · Oil & Gas (Exploration & Production)
Buyer Surge Energy Inc.
Surge agreed to acquire southeast Saskatchewan light oil producer Astra Oil by arrangement for about $160 million.
Jun 11, 2021
Black Swan Energy Ltd.
Financial advisor to Tourmaline · Oil & Gas (Exploration & Production)
Buyer Tourmaline Oil Corp.
Tourmaline agreed to acquire private North Montney producer Black Swan for about $1.1 billion, paid in 26 million Tourmaline shares plus assumed net debt.
Jun 1, 2021
Inter Pipeline Ltd.
Financial advisor and fairness opinion to the Pembina board · Energy Infrastructure (Midstream)
Buyer Pembina Pipeline Corporation
Pembina agreed to acquire Inter Pipeline in an all-share arrangement valuing IPL shares at about $8.3 billion ($19.45 per share). The agreement was terminated in July 2021 after Brookfield raised its competing bid.
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.
May 20, 2021
dentalcorp Holdings Ltd.
Underwriter (syndicate member) · 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.
May 18, 2021
Neighbourly Pharmacy Inc.
Co-lead underwriter · Health Care (Pharmacy)
Neighbourly priced its IPO of 10.3 million common shares at $17.00 for gross proceeds of about $175 million, upsized from $150 million.
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.
Apr 26, 2021
Roxgold Inc.
Financial advisor and fairness opinion to the Fortuna board · Mining (Gold & Silver)
Buyer Fortuna Silver Mines Inc.
Fortuna and Roxgold agreed to a share-based business combination valuing Roxgold at about C$1.1 billion, creating an intermediate precious metals producer with West African and Latin American assets.
Mar 23, 2021
Dialogue Health Technologies Inc.
Joint bookrunner · Health Care (Virtual Care)
Dialogue priced its IPO of 8.33 million common shares at $12.00 for treasury proceeds of about $100 million.
Feb 24, 2021
Farmers Edge Inc.
Underwriter (syndicate member) · Technology (Agtech)
Farmers Edge priced its TSX IPO of 7.35 million common shares at $17.00 for gross proceeds of about $125 million.
Feb 17, 2021
Shell Canada Kaybob Duvernay assets
Financial advisor to Crescent Point · Oil & Gas (Exploration & Production)
Buyer Crescent Point Energy Corp. · Seller Shell Canada Energy
Crescent Point agreed to buy Shell's Kaybob Duvernay assets in Alberta for $900 million ($700 million cash plus shares).
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.
Nov 19, 2020
Norbord Inc.
Independent financial advisor to the West Fraser board; fairness opinion · Forest Products
Buyer West Fraser Timber Co. Ltd.
West Fraser agreed to acquire Norbord in an all-share plan of arrangement valued at about C$4.0 billion (US$3.1 billion), creating a diversified global wood products company.
Nov 16, 2020
Teranga Gold Corporation
Financial advisor to Endeavour; fairness opinion to the Endeavour board · Mining (Gold)
Buyer Endeavour Mining Corporation
Endeavour Mining and Teranga Gold agreed to combine by plan of arrangement in an all-share transaction, creating a senior West African gold producer.
Nov 10, 2020
Great Canadian Gaming Corporation
Lead financial advisor to the company; fairness opinion · 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 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.
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.
Jul 13, 2020
Dye & Durham Limited
Joint bookrunner · Technology / Legal Software
Dye & Durham priced its TSX initial public offering and secondary offering of 20 million common shares at $7.50 per share (17 million from treasury).
Jul 2020
StorageVault Canada Inc.
Co-lead joint bookrunner · Real Estate / Self Storage
StorageVault closed a $75 million bought deal offering of 5.75% senior unsecured hybrid debentures.
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.
May 26, 2020
InterRent Real Estate Investment Trust
Joint bookrunner · Real Estate
InterRent REIT agreed a bought deal of 13.66 million trust units at $14.65 for gross proceeds of about $200 million.
May 11, 2020
Alacer Gold Corp.
Exclusive financial advisor to Alacer; fairness opinion · 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.
Mar 30, 2020
Alio Gold Inc.
Financial advisor to Argonaut; fairness opinion to the Argonaut board · Mining (Gold)
Buyer Argonaut Gold Inc.
Argonaut Gold agreed to acquire Alio Gold in an at-market, all-share merger by plan of arrangement at 0.67 Argonaut shares per Alio share; completed in July 2020.
Mar 16, 2020
TerraForm Power, Inc.
Financial advisor to Brookfield Renewable · 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.
Feb 25, 2020
GFL Environmental Inc.
Joint lead book-running 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.
Feb 20, 2020
Northview Apartment Real Estate Investment Trust
Financial advisor to Northview; fairness opinion to the board · 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.
Dec 16, 2019
Cineplex Inc.
Exclusive financial advisor to Cineplex; fairness opinion · Media & Entertainment
Buyer Cineworld Group plc
Cineworld agreed to acquire Cineplex for $34 per share in cash, a total transaction value of about $2.8 billion including debt; the deal included a go-shop.
Dec 16, 2019
Leagold Mining Corporation
Financial advisor to Leagold; fairness opinion to the special committee and board · Mining (Gold)
Buyer Equinox Gold Corp.
Equinox Gold and Leagold agreed to an at-market merger creating an Americas-focused gold producer, with a concurrent US$670 million financing package.
Dec 13, 2019
Power Financial Corporation (minority shares)
Advisor to Pansolo Holding (controlling shareholder) · Financial Services (Holding Company)
Buyer Power Corporation of Canada
Power Corporation announced a reorganization to acquire the Power Financial shares it did not own, exchanging each for 1.05 Power Corporation subordinate voting shares plus $0.01.
Dec 10, 2019
Massawa Gold Project (90% interest)
Financial advisor to the seller · Mining (Gold)
Buyer Teranga Gold Corporation · Seller Barrick Gold Corporation and CSTTAO
Teranga agreed to acquire a 90% interest in the Massawa gold project from Barrick and its partner for US$380 million upfront plus contingent payments, alongside a C$140 million bought deal.
Dec 3, 2019
SilverCrest Metals Inc.
Co-lead underwriter · Mining (Silver)
SilverCrest agreed to a bought deal of 11,000,000 common shares at C$7.28.
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.
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.
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.
Sep 3, 2019
Uinta Basin assets and non-core southeast Saskatchewan assets
Financial advisor to the seller (Saskatchewan asset sales) · 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.
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.
Jul 31, 2019
Sundial Growers Inc.
Co-manager · Cannabis
Sundial priced its upsized U.S. IPO of 11,000,000 common shares at US$13.00 per share.
Jun 26, 2019
Scotiabank operations in Puerto Rico and the U.S. Virgin Islands
Co-financial advisor to the seller · Banking
Buyer Oriental Bank (OFG Bancorp) · Seller The Bank of Nova Scotia
Scotiabank agreed to sell its Puerto Rico and USVI operations to Oriental Bank, recording an expected after-tax loss of about $400 million.
May 17, 2019
55% working interest in the Peace River Oil Partnership
Financial advisor to the seller · Energy (Oil & Gas)
Buyer Undisclosed buyer · Seller Obsidian Energy Ltd.
Obsidian Energy agreed to sell its 55% working interest in the Peace River Oil Partnership for total consideration of about $97 million.
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.
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.
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.
Sep 23, 2018
Beadell Resources Limited
Financial advisor to Great Panther · 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.
Sep 18, 2018
Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.
Financial advisor to Enbridge · Energy Infrastructure
Buyer Enbridge Inc.
Enbridge agreed to acquire all public Class A units of EEP and listed shares of EEQ in stock-for-stock deals valued at US$3.5 billion.
Sep 18, 2018
Enbridge Income Fund Holdings Inc.
Financial advisor to Enbridge · Energy Infrastructure
Buyer Enbridge Inc.
Enbridge agreed to acquire all public shares of Enbridge Income Fund Holdings for 0.7350 Enbridge shares plus $0.45 cash per share, valued at $4.7 billion.
Sep 10, 2018
AltaGas non-core midstream and power assets (incl. San Joaquin facilities)
Sole financial advisor to AltaGas on the San Joaquin transaction · Energy
Seller AltaGas Ltd.
AltaGas agreed to sell non-core midstream and power assets in Canada and power assets in the U.S. for total proceeds of about $560 million to help repay its WGL acquisition bridge facility.
Aug 24, 2018
Spectra Energy Partners, LP
Financial advisor to Enbridge · Energy Infrastructure
Buyer Enbridge Inc.
Enbridge agreed to acquire all public common units of its sponsored vehicle Spectra Energy Partners at 1.111 Enbridge shares per unit, valued at US$3.3 billion (C$4.3 billion).
Aug 1, 2018
Enercare Inc.
Financial advisor to Brookfield · Utilities & Home Services
Buyer Brookfield Infrastructure and institutional partners
Brookfield Infrastructure agreed to acquire Enercare for C$29.00 per share in cash and units, a transaction valued at C$4.3 billion including debt.
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.
Feb 27, 2018
Student Transportation Inc.
Financial advisor to the special committee; fairness opinion · Transportation
Buyer CDPQ and Ullico Inc. (purchaser group)
A purchaser group led by CDPQ with Ullico agreed to acquire Student Transportation for US$7.50 per share in cash by plan of arrangement.
Jan 29, 2018
Kennady Diamonds Inc.
Financial advisor to Mountain Province · Mining
Buyer Mountain Province Diamonds Inc.
Mountain Province agreed to acquire Kennady Diamonds in an all-share plan of arrangement implying an equity value of about C$176 million.
Jan 12, 2018
Primero Mining Corp.
Financial advisor to Primero · Mining
Buyer First Majestic Silver Corp.
First Majestic agreed to acquire Primero Mining in an all-share arrangement, alongside a restructured stream with Wheaton Precious Metals, for a total transaction value of about US$320 million.
Dec 26, 2017
Brookfield Infrastructure's Chilean regulated transmission business
Financial advisor to Brookfield Infrastructure · Infrastructure (Power Transmission)
Seller Brookfield Infrastructure Partners L.P.
Brookfield Infrastructure agreed to sell its Chilean regulated transmission business for about $1.3 billion.
Dec 5, 2017
Fiera Capital Corporation
Co-lead underwriter (debentures) · Asset Management
Fiera Capital launched concurrent bought deals for about $150 million: $75 million of Class A shares and $75 million of 5.00% convertible debentures.
Nov 1, 2017
25% interest in Atlantica Yield plc
Financial advisor to Algonquin · Power & Renewables
Buyer Algonquin Power & Utilities Corp. · Seller Abengoa, S.A.
Algonquin agreed to buy a 25% stake in Atlantica Yield from Abengoa for about US$608 million and to form the AAGES clean-energy development joint venture with Abengoa.
Oct 19, 2017
Cenovus Palliser crude oil and natural gas assets
Financial advisor to Cenovus · Energy (Oil & Gas)
Buyer Torxen Energy and Schlumberger · Seller Cenovus Energy Inc.
Cenovus agreed to sell its Palliser assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion in cash.
May 1, 2017
Veresen Inc.
Financial advisor to Veresen · 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.
Apr 19, 2017
Loblaw gas station business
Financial advisor to Brookfield Business Partners · Retail (Fuel)
Buyer Brookfield Business Partners L.P. · Seller Loblaw Companies Limited
Loblaw agreed to sell its gas station business to Brookfield Business Partners for about C$540 million, with stations to be rebranded Mobil.
Mar 9, 2017
Working interests in the Athabasca Oil Sands Project and other oil sands assets
Joint lead arranger and co-syndication agent, acquisition financing · Energy (Oil Sands)
Buyer Canadian Natural Resources Limited · Seller Royal Dutch Shell plc / Marathon Oil
Canadian Natural agreed to acquire working interests in the Athabasca Oil Sands Project and other oil sands assets from Shell and Marathon Oil for a combined $12.74 billion in cash and shares.
Apr 24, 2016
Reservoir Minerals Inc.
Financial advisor and fairness opinion to the Nevsun board · Mining
Buyer Nevsun Resources Ltd.
Nevsun agreed to acquire Reservoir Minerals by plan of arrangement, consolidating the Timok copper project in Serbia in a deal described as a US$1.1 billion combination.
Apr 18, 2016
Maverix Metals Inc.
Financial advisor to Pan American · Mining
Buyer MacMillan Minerals Inc.
Pan American Silver and MacMillan Minerals arranged a transaction with Maverix Metals to form a new royalty and streaming company, with Pan American contributing royalty assets.
Feb 9, 2016
ITC Holdings Corp.
Financial advisor to Fortis and committed financing provider · 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.
Feb 3, 2016
RONA inc.
Fairness opinion to the RONA board · 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).
Oct 2015
Hydro One Limited
Underwriter; joint global coordinator and joint bookrunner (per Scotiabank) · 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.
Sep 4, 2015
TECO Energy, Inc.
Financial advisor to Emera · 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.
Apr 13, 2015
AuRico Gold Inc.
Financial advisor and fairness opinion to the AuRico board · Mining
Buyer Alamos Gold Inc.
Alamos and AuRico agreed to combine by plan of arrangement to create an intermediate gold producer and spin out a new company holding the Kemess project and royalties.
Sep 2, 2014
Southeast Saskatchewan assets of Lightstream Resources Ltd.
Financial 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.
Jul 2014
Bell Aliant Inc.
Fairness opinion to the special committee · Telecommunications
Buyer BCE Inc.
BCE offered to acquire the Bell Aliant common shares it did not own for $31.00 per share in cash and BCE shares; a special committee of Bell Aliant's independent directors obtained a formal valuation and fairness opinions and recommended the offer.
Mar 15, 2014
TransGlobe Energy Corporation
Financial advisor to TransGlobe; fairness opinion to its board · Oil & Gas
Buyer Caracal Energy Inc.
Caracal Energy and TransGlobe Energy agreed to merge in an all-share plan of arrangement to create a large Africa-focused independent oil producer.
Feb 9, 2014
Augusta Resource Corporation
Financial advisor to Augusta · Mining (Copper)
Buyer HudBay Minerals Inc.
HudBay announced an unsolicited take-over bid for Augusta Resource, owner of the Rosemont copper project; Augusta's board recommended rejection with advice from its financial advisors.
Feb 6, 2014
Aurora Oil & Gas Limited
Exclusive financial advisor to Baytex (as Scotia Waterous) · Oil & Gas
Buyer Baytex Energy Corp.
Baytex agreed to acquire Eagle Ford-focused Aurora Oil & Gas for about $2.6 billion by Australian scheme of arrangement, funded partly by a $1.3 billion bought-deal subscription receipt offering.
Jan 13, 2014
Osisko Mining Corporation
Financial advisor to Goldcorp · Mining (Gold)
Buyer Goldcorp Inc.
Goldcorp launched an unsolicited offer of about C$2.6 billion (C$5.95 per share in cash and shares) for Osisko; it was later raised but expired after Osisko agreed to be acquired by Agnico Eagle and Yamana.
Dec 16, 2013
Brigus Gold Corp.
Financial advisor to the Primero board; fairness opinion · Mining (Gold)
Buyer Primero Mining Corp.
Primero agreed to acquire Brigus Gold by plan of arrangement at an implied value of about C$220 million, with Brigus' exploration assets spun out to shareholders.
Dec 11, 2013
UNS Energy Corporation
Financial advisor to Fortis (as Scotia Capital (USA) Inc. (Scotiabank)) · Utilities
Buyer Fortis Inc.
Fortis agreed to acquire Arizona utility holding company UNS Energy for US$60.25 per share in cash, a US$4.3 billion transaction including assumed 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.
May 31, 2013
GE Capital Canadian fleet portfolio
Financial advisor to GE Capital · Financial Services / Fleet Leasing
Buyer Element Financial Corporation · Seller GE Capital
Element Financial agreed to buy GE Capital's Canadian fleet portfolio for C$570 million and form a cross-border fleet services alliance with GE Capital.
Mar 4, 2013
Aurizon Mines Ltd.
Financial advisor to the Aurizon board; fairness opinion · 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.
Nov 13, 2012
Lone Pine Resources Wild River area assets
Financial advisor to Lone Pine (as Scotia Waterous) · Oil & Gas
Seller Lone Pine Resources Inc.
Lone Pine agreed to sell all of its Wild River Deep Basin interests to a large Canadian energy producer for $82.0 million.
Aug 29, 2012
ING Bank of Canada (ING Direct Canada)
Financial advisor to Scotiabank · Banking
Buyer The Bank of Nova Scotia · Seller ING Groep (ING Bank N.V. / ING Direct N.V.)
Scotiabank signed a share purchase agreement to acquire ING Direct Canada from ING; the agreement names Scotiabank's own investment bank as its advisor.
Jun 28, 2012
Progress Energy Resources Corp.
Independent fairness opinion to the board (as Scotia Waterous) · Oil & Gas
Buyer PETRONAS (PETRONAS Carigali Canada Ltd.)
PETRONAS agreed to buy Progress Energy for C$20.45 per share in cash in a $5.5 billion transaction.
Mar 23, 2012
NAL Energy Corporation
Exclusive financial advisor to Pengrowth; fairness opinion (as Scotiabank / Scotia Waterous) · Oil & Gas
Buyer Pengrowth Energy Corporation
Pengrowth and NAL Energy agreed a business combination by plan of arrangement; Scotiabank valued the transaction at about $1.9 billion.
Jan 23, 2012
Minefinders Corporation Ltd.
Independent fairness opinion to the board · 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.
Jan 16, 2012
Provident Energy Ltd.
Exclusive financial advisor to Pembina; fairness opinion (as Scotia Waterous Inc.) · Energy Infrastructure
Buyer Pembina Pipeline Corporation
Pembina agreed to acquire Provident Energy in a share exchange valued at about $3.8 billion, creating a large energy infrastructure company.
Oct 19, 2011
Hathor Exploration Limited
Financial advisor to the special committee · Mining
Buyer Rio Tinto
Rio Tinto agreed to make an all-cash offer of C$4.15 per share for Hathor, topping Cameco's hostile bid.
Jul 20, 2011
OPTI Canada Inc.
Financial advisor to OPTI (as Scotia Waterous Inc.) · Oil & Gas
Buyer CNOOC Limited
CNOOC agreed to acquire insolvent oil sands company OPTI Canada for a total value of about US$2.1 billion, including its secured notes.
Dec 14, 2010
Western Canadian assets of Hunt Oil Company
Exclusive financial advisor to Hunt Oil (as Scotia Waterous Inc.) · Energy
Buyer Harvest Operations Corp. · Seller Hunt Oil Company
Harvest agreed to buy producing and undeveloped Western Canadian assets from Hunt Oil for an initial $525 million, funded by new equity from KNOC.
Nov 22, 2010
DundeeWealth Inc.
Financial advisor to Scotiabank · Wealth Management
Buyer The Bank of Nova Scotia
Scotiabank agreed to acquire the DundeeWealth shares it did not own at $21.00 per share, an approximate $2.3 billion cost (enterprise value about $3.2 billion).
Oct 5, 2010
Atria Networks LP
Financial advisor to Birch Hill · Telecommunications
Buyer Rogers Communications Inc. · Seller Birch Hill Equity Partners
Rogers agreed to acquire Ontario fibre-optic network operator Atria Networks for $425 million in cash from owners including Birch Hill.
Aug 2, 2010
Red Back Mining Inc.
Financial advisor to Red Back; fairness opinion · 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 15, 2010
Terrane Metals Corp.
Financial advisor to the special committee · Mining
Buyer Thompson Creek Metals Company Inc.
Thompson Creek agreed to acquire Terrane Metals, owner of the Mt. Milligan project, for consideration of about C$650 million; Goldcorp supported the deal as controlling holder.
Dec 2009
International Royalty Corporation
Financial advisor to IRC and the special committee; fairness opinion · Mining (Royalties)
Buyer Royal Gold, Inc.
Royal Gold agreed to acquire International Royalty by plan of arrangement for cash and shares, competing with a Franco-Nevada offer.
Oct 16, 2009
Enerflex Systems Income Fund
Financial advisor to Enerflex · 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.
Mar 12, 2009
Silverstone Resources Corp.
Financial advisor to the Silverstone board and special committee · Mining
Buyer Silver Wheaton Corp.
Silver Wheaton agreed to acquire Silverstone Resources by plan of arrangement in a share deal valued at about C$190 million.
Feb 25, 2009
CF Industries Holdings, Inc.
Financial advisor to Agrium · 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.
2009
Teck Resources Limited
Exclusive financial advisor to CIC · Mining
Buyer China Investment Corporation (CIC)
China Investment Corporation made a US$1.5 billion equity investment in Teck Resources; Scotia Capital reported acting as CIC's exclusive advisor.
Aug 25, 2008
York Fire & Casualty Insurance Company
Financial advisor to Kingsway · Insurance
Seller Kingsway Financial Services Inc.
Kingsway agreed to sell York Fire & Casualty for expected gross proceeds of C$95 million.
Feb 22, 2008
CHC Helicopter Corporation
Co-financial advisor to the board; fairness opinion · Energy Services / Aviation
Buyer First Reserve Corporation
First Reserve agreed to acquire CHC Helicopter by plan of arrangement after a targeted sale process; Scotiabank cited a C$3.7 billion value.
Dec 13, 2007
Canadian Natural Resources Limited
Co-lead · Oil & Gas
Canadian Natural priced C$400 million of three-year notes.
Dec 2007
Focus Energy Trust
Exclusive financial advisor to Focus (as Scotia Waterous Inc.) · Oil & Gas
Buyer Enerplus Resources Fund
Enerplus and Focus Energy Trust signed a combination agreement dated December 2, 2007 for Enerplus to acquire Focus.
Oct 31, 2007
Canetic Resources Trust
Financial advisor to Penn West (as Scotia Waterous Inc.) · 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.
Sep 25, 2007
Vault Energy Trust
Exclusive financial advisor to Vault; fairness opinion · Oil & Gas
Buyer Penn West Energy Trust
Penn West agreed to acquire Vault Energy Trust by plan of arrangement, total cost about C$380 million including debt.
May 25, 2007
CanWest MediaWorks Income Fund
Financial advisor to CanWest MediaWorks · 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.
May 10, 2007
Shiningbank Energy Income Fund
Independent financial advisor to PrimeWest; fairness opinion (as Scotia Waterous Inc.) · Oil & Gas
Buyer PrimeWest Energy Trust
PrimeWest and Shiningbank agreed to merge, exchanging 0.62 PrimeWest units per Shiningbank unit.
Apr 16, 2007
Silver stream (25%) from Goldcorp's Penasquito project
Financial advisor to Silver Wheaton · 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.
Feb 26, 2007
Hub International Limited
Independent financial advisor to the special committee; fairness opinion · 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.
Nov 6, 2006
Bema Gold Corporation
Financial advisor to Kinross · Mining & Metals
Buyer Kinross Gold Corporation
Kinross agreed to acquire Bema Gold by plan of arrangement (0.4447 Kinross share per Bema share) in a US$3.1 billion transaction.
Sep 14, 2006
Anadarko Canada Corporation
Exclusive financial advisor to Canadian Natural (as Scotia Waterous) · Oil & Gas
Buyer Canadian Natural Resources Limited · Seller Anadarko Petroleum Corporation
Canadian Natural agreed to buy Anadarko Canada Corporation; Anadarko put the price at US$4.24 billion including estimated working capital adjustments.
Jun 9, 2006
Royal Group Technologies Limited
Advisor to Royal Group in its sale process · Industrials
Buyer Georgia Gulf Corporation
Georgia Gulf agreed to acquire Royal Group by plan of arrangement, paying about $1.2 billion for the common shares, after a year-long sale process.
Apr 2006
Petrofund Energy Trust
Financial advisor to Penn West; 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.
Jan 30, 2006
Fairmont Hotels & Resorts Inc.
Financial advisor to Fairmont and its special committee; fairness opinion · Hospitality & Real Estate
Buyer Kingdom Hotels International and Colony Capital, LLC
Fairmont agreed to be acquired by Kingdom Hotels and Colony Capital for US$45.00 per share in cash (about US$3.9 billion, or US$5.5 billion including the Raffles combination), after rejecting Carl Icahn's bid.
2006
P&O Cold Logistics
Financial advisor to Versacold · Logistics
Buyer Versacold Holdings Corp. (Versacold Income Fund)
Versacold Holdings, a subsidiary of Versacold Income Fund, bought P&O Cold Logistics for $380 million.
2006
Aliant Inc.
Financial advisor to Aliant · Telecommunications
Buyer Bell Aliant Regional Communications Income Fund
Aliant completed a series of transactions with BCE that created the Bell Aliant Regional Communications Income Fund, then Canada's second-largest business trust.
Nov 17, 2005
Kaiser Energy Ltd.
Financial advisor to Petrofund (as Scotia Waterous) · Oil & Gas
Buyer Petrofund Energy Trust
Petrofund agreed to acquire private Kaiser Energy for C$485 million, financed with a bought-deal equity issue and credit facilities.
Nov 10, 2005
Cascadia Forest Products Ltd.
Independent financial advisor to the independent committee; fairness advice · Forest Products
Buyer Western Forest Products Inc. · Seller Brascan / Tricap
Western Forest Products agreed to acquire Cascadia from related party Tricap/Brascan and recapitalize, creating a coastal B.C. producer with 1.5 billion board feet of capacity.
Nov 7, 2005
Clarington Corporation
Financial advisor to Industrial Alliance · Financial Services
Buyer Industrial Alliance Insurance and Financial Services Inc.
Industrial Alliance agreed a friendly transaction to acquire mutual fund manager Clarington for $14.25 per share in cash or Industrial Alliance shares.
May 11, 2005
Call-Net Enterprises Inc.
Financial advisor to Rogers · Telecommunications
Buyer Rogers Communications Inc.
Rogers agreed to acquire Call-Net in an all-share plan of arrangement (one RCI share per 4.25 Call-Net shares), a fully diluted equity value of about $330 million.
Apr 20, 2005
Canadian Natural royalty interests
Financial advisor to Canadian Natural · Oil & Gas
Buyer Freehold Royalty Trust · Seller Canadian Natural Resources Limited
Canadian Natural sold royalty interests to Freehold Royalty Trust and agreed to buy about 3.86 million Freehold units for $60 million.
Mar 1, 2005
Fort Hills Oil Sands Project (60% interest)
Financial advisor to Petro-Canada · Oil & Gas
Buyer Petro-Canada · Seller UTS Energy Corporation
Petro-Canada agreed to become a 60% partner and operator of UTS Energy's Fort Hills oil sands mining project, funding a share of development capital.
Jan 13, 2005
Decoma International Inc. (minority shares)
Independent valuator and financial adviser to the special committee · Automotive
Buyer Magna International Inc.
Magna agreed to acquire the Decoma Class A shares it did not own by plan of arrangement.
Dec 22, 2004
Masonite International Corporation
Exclusive financial advisor to KKR · Industrials
Buyer Kohlberg Kravis Roberts & Co.
KKR agreed to acquire door maker Masonite in what Scotiabank called the largest leveraged buyout in Canadian history; the price was later raised to C$42.25 per share.
Nov 24, 2004
Calpine Natural Gas Trust
Financial advisor to CNG Trust; fairness opinion · 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.
Jul 13, 2004
Magna Entertainment Corp. (minority shares)
Independent financial advisor to the MID independent committee; fairness opinion · Gaming & Leisure
Buyer MI Developments Inc.
MI Developments made an unsolicited proposal to acquire the Class A shares of Magna Entertainment it did not own.
Mar 31, 2004
InterTAN, Inc.
Exclusive financial advisor to InterTAN; fairness opinion · Retail
Buyer Circuit City Stores, Inc.
Circuit City agreed to acquire consumer electronics retailer InterTAN in a cash tender offer at US$14 per share, about US$284 million.
Mar 18, 2004
Allstream Inc.
Exclusive financial advisor to Allstream; fairness opinion · 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.
2004
Rogers Wireless Communications Inc. (minority shares)
Dealer manager in Canada for RCI's offer · Telecommunications
Buyer Rogers Communications Inc.
Rogers Communications made an exchange offer for the publicly held Rogers Wireless restricted voting shares after buying AT&T Wireless's stake; an independent committee obtained a formal valuation.
2004
Pacific Cycle LLC
Exclusive financial advisor to Dorel · Consumer Products
Buyer Dorel Industries Inc.
Dorel acquired U.S. bicycle maker Pacific Cycle for US$310 million.
2004
Cara Operations Limited
Exclusive financial advisor on the privatization · Restaurants
Cara Operations was taken private in a $364 million transaction.
Sep 28, 2003
John Hancock Financial Services, Inc.
Financial advisor to Manulife (as Scotia Capital (USA) Inc.) · 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.
Sep 10, 2003
Central Alberta midstream system (Redwater NGL facilities)
Co-lead underwriter of the $225 million financing · Energy - Midstream & Utilities
Buyer Provident Energy Trust
Provident Energy Trust agreed to buy a $268 million central Alberta midstream system and announced a concurrent $225 million bought-deal financing of trust units and convertible debentures.
May 2003
Pengrowth Energy Trust (management agreement)
Financial advisor to the special committee; fairness opinion · Energy - Oil & Gas
Pengrowth and its external manager agreed on a new management agreement with lower fees instead of an internalization; Scotia Capital advised the special committee and found the terms fair to unitholders.
Dec 19, 2002
KeyWest Energy Corporation
Financial advisor to Viking · Energy - Oil & Gas
Buyer Viking Energy Royalty Trust
Viking Energy Royalty Trust agreed to acquire KeyWest Energy for $3.65 per share in units and cash, about $320 million including assumed net debt, with certain properties spun out to KeyWest shareholders.
Dec 9, 2002
Canada Life Financial Corporation
Lead financial advisor to Manulife · Insurance
Buyer Manulife Financial Corporation
Manulife announced an unsolicited offer for Canada Life valued at $6.4 billion; Canada Life later agreed instead to combine with Great-West Lifeco.
2002
TSX Group Inc.
Joint lead manager / co-lead underwriter and co-financial advisor · Financial Services - Exchanges
TSX Group, parent of the Toronto Stock Exchange, completed a $393 million IPO in 2002, the largest common share IPO in Canada that year and the first IPO of a North American stock exchange.
Undated
Livingston International
Exclusive financial advisor to Buyer; joint bookrunner and co-lead arranger on acquisition financing · Transportation & logistics / customs brokerage
Buyer Purolator Inc.
Purolator acquired customs broker Livingston International to expand its cross-border logistics offering. Scotiabank's case study is dated January 2025; the deal value was not disclosed.
