244 publicly disclosed transactions where TD Securities played an advisory, financing or investing role, most recent first.
Oct 8, 2026
AutoCanada Collision Operations
Exclusive financial advisor to AutoCanada on the strategic review of its Collision Operations · Automotive retail / collision repair
Seller AutoCanada Inc.
AutoCanada engaged TD Securities as exclusive financial advisor on the strategic review of its Collision Operations, announced 29 September 2026. A sell-side mandate rather than a closed transaction: no price is disclosed and no outcome has been announced.
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 1, 2026
Ontario Teachers' Cadillac Fairview Properties Trust C$900 million senior unsecured notes
Joint book-running manager · Real Estate
The Cadillac Fairview property trust made its inaugural Canadian-dollar bond issue under a new program: a C$900 million private placement split evenly between 4.394% notes due 2030 and 4.727% notes due 2033. Date is the completion date reported by counsel.
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 23, 2026
VodafoneZiggo passive mobile tower infrastructure (Netherlands)
Advisor to the TD Greystone Infrastructure Fund · Telecom Infrastructure
Buyer DigitalBridge Strategic Asset Fund, L&G Digital Infrastructure Fund and TD Greystone Infrastructure Fund · Seller Ziggo BV (VodafoneZiggo)
DigitalBridge, L&G and TD Asset Management agreed to acquire VodafoneZiggo's Dutch tower infrastructure and combine it with DigitalBridge's Belgium Tower Partners, creating an independent platform of more than 6,600 sites.
Sep 22, 2026
Topaz Energy Corp. (bought deal secondary offering of common shares)
Underwriter · Oil & Gas / Royalties and Infrastructure
Seller Tourmaline Oil Corp.
Tourmaline agreed to sell 10 million Topaz common shares at C$28.75 to underwriters on a bought deal basis for about C$287.5 million, cutting its stake from about 12.9% to 6.4%, and said it would redeploy proceeds into share repurchases.
Sep 16, 2026
June Inc.
Strategic and financial advice in connection with the transaction · Wealth & Asset Management
Buyer Forthlane Partners Ltd.
Toronto wealth manager Forthlane Partners acquired June Inc., an outsourced-CIO advisory firm led by June Ntazinda, lifting Forthlane's assets under advisement to about $2 billion. Terms were not disclosed; Ntazinda becomes Vice-Chair of Forthlane.
Sep 15, 2026
Sagen MI Canada Inc.
Agent · Insurance
Mortgage insurer Sagen MI Canada issued $300 million of 4.947% unsecured debentures due 2033 by private placement, largely to refinance its 2.955% debentures due 2027.
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
Generation Mining Limited (bought deal public offering of common shares)
Syndicate member (underwriter) · Mining / Copper-Palladium Development
As part of a C$340 million final funding package for its Marathon copper-palladium mine, Generation Mining sold 312.5 million shares at C$0.64 in a C$200 million bought deal public offering, alongside a C$40 million concurrent private placement to Canada Growth Fund. Endeavour Financial acted as project financing advisor.
Sep 14, 2026
Primaris Real Estate Investment Trust (bought deal offering of trust units)
Joint bookrunner · Real Estate / Retail REIT
Primaris REIT sold Series A trust units at C$20.20 in a C$200 million bought deal to fund future shopping-centre acquisitions; with the over-allotment option exercised in full, 11.4 million units were issued for about C$230 million.
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 10, 2026
Cannara Biotech Inc. C$80 million amended and restated syndicated credit facility
Co-lead arranger · Cannabis
Cannara expanded its BMO-led credit facility to C$80 million of committed capacity with TD joining, raising the revolver to C$40 million and extending maturity to 2029.
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 manager (Canadian private placement) · Telecommunications
Rogers priced US$1 billion of hybrid subordinated notes in two series (7.150% and 7.400%, due 2057) in the US and a concurrent C$600 million 6.000% Canadian private placement, using proceeds to redeem or repurchase its 2081 and 2082 subordinated notes.
Sep 9, 2026
Fortis Inc. US$1 billion fixed-to-fixed rate junior subordinated notes due 2057
Underwriter (co-manager) · Utilities
Fortis priced two US$500 million tranches of hybrid junior subordinated notes (6.625% and 6.875%, both due 2057) to repay maturing debt and for general corporate purposes.
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.
Sep 1, 2026
Tallgrass crude oil segment (incl. 75% of Pony Express Pipeline)
Exclusive financial advisor to Seller (Tallgrass) · Energy / Midstream
Buyer Enbridge · Seller Tallgrass
Sale of Tallgrass' crude oil business, including a 75% stake in the Pony Express Pipeline, to Enbridge. Date known to month only.
Sep 1, 2026
Enbridge Inc. common shares
Joint Bookrunner · Energy / Midstream
Seller Enbridge Inc.
Bought deal offering of Enbridge common shares. Date known to month only.
Sep 1, 2026
Inovatec Systems Corporation
Exclusive financial advisor to Inovatec · Financial Software
Buyer Solifi
Solifi acquired Vancouver lending technology provider Inovatec to extend its secured finance platform into retail automotive and specialty finance.
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.
Apr 20, 2026
Rupert Resources Ltd.
Financial advisor to Agnico Eagle · Mining
Buyer Agnico Eagle Mines Limited
Agnico Eagle agreed to acquire Rupert Resources, owner of the Ikkari gold project in Finland, for 0.0401 Agnico shares per share (about $2.87 billion upfront) plus contingent value rights, part of a three-deal consolidation of the Central Lapland Greenstone Belt.
Apr 20, 2026
Aurion Resources Ltd.
Financial advisor to Agnico Eagle · Mining
Buyer Agnico Eagle Mines Limited
Agnico Eagle agreed to acquire the Aurion Resources shares it did not already own for C$2.60 per share in cash, about C$481 million.
Feb 2026
Logan Energy Corp. (common share offering)
Co-lead underwriter · Oil & Gas
Logan Energy upsized its bought-deal equity offerings to $65 million due to excess demand.
Jan 7, 2026
Groupe Somavrac Inc.
Exclusive financial advisor to the consortium · Infrastructure
Buyer Consortium led by Instar Asset Management (with Investissement Québec and Fonds de solidarité FTQ)
An Instar-led consortium including Investissement Québec and the Fonds de solidarité FTQ partnered with the Paquin family to acquire Groupe Somavrac.
Jan 5, 2026
Minto Apartment Real Estate Investment Trust
Financial advisor to Minto and Crestpoint · Real Estate
Buyer Crestpoint Real Estate Investments LP and Minto Group
Minto Apartment REIT agreed to a $2.3 billion going-private transaction with a new Crestpoint–Minto Group partnership at $18.00 per unit in cash.
Dec 4, 2025
TELUS Corporation
Lead underwriter (US notes) · Telecommunications
TELUS priced US$1.5 billion of fixed-to-fixed rate junior subordinated notes in two series, alongside a concurrent C$ offering, to support deleveraging.
Dec 2025
Premium Brands Holdings Corporation
Underwriter (syndicate member) · 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 1, 2025
Bloom Energy convertible senior notes
Active Bookrunner · Power / Clean Energy
Seller Bloom Energy
Convertible senior notes issue by fuel-cell maker Bloom Energy. Date known to month only.
Oct 30, 2025
Boyd Group Services Inc.
Joint active bookrunner · Automotive Services
Private placement of C$525 million 5.50% senior unsecured notes due 2030 to help fund the Joe Hudson's acquisition.
Oct 15, 2025
MCA Dental Group
Exclusive financial advisor to MCA Dental Group · Healthcare Services (Dental)
Buyer 123Dentist
Dental support organization 123Dentist agreed to acquire MCA Dental Group; terms were not disclosed.
Oct 15, 2025
Taseko Mines Limited
Underwriter · Mining (Copper)
Bought-deal offering of common shares at US$4.05 (issue amount about US$150.3 million); gross proceeds reached US$170 million at closing.
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).
Sep 15, 2025
Keyera Corp.
Joint bookrunner · Midstream Energy
Keyera agreed to issue $2.3 billion of senior unsecured notes and $500 million of fixed-to-fixed rate subordinated (hybrid) notes by private placement.
Sep 1, 2025
Kodiak
Financial and capital markets advisor · Technology / Autonomous Trucking
Buyer Ares-sponsored SPAC
Business combination of Kodiak with an Ares-sponsored SPAC. Date known to month only.
Aug 21, 2025
Canada Goose Holdings Inc.
Lead arranger and joint bookrunner · Apparel
Refinancing amendment to Canada Goose's term loan credit agreement dated August 21, 2025.
Aug 11, 2025
Fairfax Financial Holdings Limited
Joint bookrunner · Insurance
Fairfax launched a C$700 million offering of senior notes.
Aug 1, 2025
Terrion LP (49.9% interest)
Exclusive financial advisor to TELUS · Telecommunications Infrastructure (Towers)
Buyer La Caisse (CDPQ) · Seller TELUS Corporation
La Caisse agreed to acquire a 49.9% interest in Terrion, TELUS's newly formed wireless tower company, for about $1.26 billion, valuing Terrion at over $2.5 billion.
Jul 22, 2025
Portfolio of six senior housing communities (London, Waterloo, Mississauga)
Exclusive financial advisor to the vendor · Real Estate (Seniors Housing)
Buyer Chartwell Retirement Residences
Chartwell agreed to buy six southwestern Ontario retirement communities (1,024 suites) for $432 million, largely by assuming CMHC-insured debt.
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.
Jun 16, 2025
Lime Ridge Mall (Hamilton, Ontario)
Joint bookrunner, concurrent bought-deal secondary offering of REIT units · Real Estate - Retail
Buyer Primaris Real Estate Investment Trust · Seller Entity managed by Cadillac Fairview
Primaris agreed to buy Lime Ridge Mall for $416.0 million in cash and units, with a concurrent bought-deal secondary offering of units by an affiliate of the vendor.
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 13, 2025
Air Canada
Financial advisor and dealer manager · Transportation - Airlines
Air Canada launched a modified Dutch auction substantial issuer bid to repurchase up to $500 million of its shares.
Apr 14, 2025
Hummel Station and Rolling Hills Generating Station
Advising Capital Power on financial matters; co-lead underwriter, bought-deal common share offering; sole agent and bookrunner on the private placement; affiliate provided committed term loans · Power & Renewables
Buyer Capital Power Corporation · Seller LS Power
Capital Power agreed to buy two PJM natural gas plants (Hummel and Rolling Hills, about 2.2 GW) from LS Power subsidiaries for about US$2.2 billion, funded partly by a $500 million common share offering and a committed term loan.
Apr 1, 2025
SatixFy Communications Ltd.
Exclusive financial advisor to SatixFy · Aerospace & Space Technology
Buyer MDA Space Ltd.
MDA Space agreed to acquire Israeli satellite-communications chipmaker SatixFy for US$2.10 per share, a 75% premium, with a 45-day go-shop.
Mar 10, 2025
Veren Inc.
Financial advisor to Whitecap · 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 25, 2025
Innergex Renewable Energy Inc.
Financial advisor to CDPQ · Power & Renewables
Buyer CDPQ
CDPQ agreed to acquire Innergex for $13.75 per share in cash, a total enterprise value of about $10.0 billion including project-level debt.
Feb 18, 2025
David Evans Enterprises, Inc. (majority stake)
Exclusive financial advisor to AtkinsRéalis · Engineering Services
Buyer AtkinsRéalis Group Inc.
AtkinsRéalis agreed to acquire a majority stake in Portland-based engineering firm David Evans Enterprises.
Dec 23, 2024
Westbrick Energy Ltd.
Exclusive financial advisor to Vermilion; underwriter of term loan and bridge facility · 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 9, 2024
Freehold Royalties Ltd.
Co-lead underwriter (bought deal) · Oil & Gas (royalties)
Freehold agreed to buy Midland Basin mineral and royalty interests for about C$216 million and launched a C$125.1 million bought deal, upsized to C$150 million on Dec. 10, 2024, to help fund it.
Dec 2, 2024
iA Financial Corporation
Co-lead agent and bookrunner · 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.
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 16, 2024
Portfolio of four Alberta continuing care homes
Financial advisor to Sienna · Seniors housing
Buyer Sienna Senior Living Inc.
Sienna Senior Living agreed to acquire four continuing care homes in Alberta with 540 suites for C$181.6 million plus up to C$4 million contingent consideration.
Oct 9, 2024
Galena Complex (remaining 40% interest)
Financial advisor to Americas; fairness opinion to the board · Mining (silver)
Buyer Americas Gold and Silver Corporation · Seller Affiliate of Eric Sprott
Americas Gold and Silver agreed to acquire the remaining interest in the Galena Complex in Idaho from an Eric Sprott affiliate for 170 million shares plus US$10 million cash, with a concurrent C$40 million bought deal subscription receipt financing.
Sep 12, 2024
Doman Building Materials Group Ltd.
Co-manager · Building materials distribution
Doman priced C$265 million of 7.50% senior unsecured notes due 2029 through an underwritten offering.
Sep 5, 2024
Gatos Silver, Inc.
Fairness opinion to the First Majestic board · Mining (silver)
Buyer First Majestic Silver Corp.
First Majestic agreed to acquire Gatos Silver, owner of a 70% interest in the Cerro Los Gatos mine in Mexico, in an all-share deal with an equity value of about US$970 million.
Aug 13, 2024
Hop Valley, Terrapin, Revolver and Atwater breweries
Financial advisor to Tilray · Consumer (beverages)
Buyer Tilray Brands, Inc. · Seller Molson Coors Beverage Company
Tilray Brands agreed to acquire four U.S. craft breweries from Molson Coors.
Aug 12, 2024
Crew Energy Inc.
Financial advisor to Crew; fairness opinion to the Crew board · Oil & Gas (E&P)
Buyer Tourmaline Oil Corp.
Tourmaline agreed to acquire Montney producer Crew Energy in an all-share plan of arrangement valued at about C$1.3 billion including debt.
Aug 12, 2024
Sienna Senior Living Inc.
Sole bookrunner (bought deal) · Seniors housing
Sienna Senior Living announced a C$125 million bought deal public offering of 8.34 million common shares at C$15.00, partly to fund the buyout of the remaining 30% of Nicola Lodge.
Jul 30, 2024
TC Energy NGTL System and Foothills Pipeline (5.34% equity interest)
Financial advisor to the Indigenous-owned investment partnership · Pipelines (natural gas)
Buyer Indigenous-owned investment partnership · Seller TC Energy Corporation
TC Energy agreed to sell a 5.34% equity interest in its NGTL System and Foothills Pipeline assets to an Indigenous-owned investment partnership for C$1 billion (C$1.65 billion implied enterprise value).
Jul 22, 2024
A&W Revenue Royalties Income Fund
Independent valuator (formal valuation under MI 61-101) to the trustees · Restaurants (QSR)
Buyer A&W Food Services of Canada Inc.
A&W Revenue Royalties Income Fund and A&W Food Services of Canada agreed to a strategic combination creating a TSX-listed QSR franchisor in which TorQuest-managed funds would hold about 19.4%.
Jun 20, 2024
Ownership interests in 10 Quebec retirement residences (incl. GMA Portfolio)
Exclusive financial advisor to Chartwell on the GMA Portfolio acquisition; co-lead underwriter of the bought deal · 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 11, 2024
Northwestel Inc.
Financial advisor to Sixty North Unity · Telecommunications
Buyer Sixty North Unity (consortium of Indigenous communities) · Seller BCE Inc. (Bell Canada)
Sixty North Unity, Northwestel and Bell announced that the Indigenous consortium intends to acquire Northwestel from Bell for up to $1 billion in cash, making it fully Indigenous-owned.
May 31, 2024
Sprott Physical Copper Trust
Underwriter · Asset Management / Commodities
Sprott filed the final prospectus for the IPO of Sprott Physical Copper Trust: 10 million units at US$10.00 for US$100 million.
May 28, 2024
Labrador Island Link (Emera's indirect minority equity interest)
Exclusive financial advisor to Emera · 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 active 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 (Battrum 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 1, 2024
Nuvei Corporation
Independent valuator and financial advisor to the special committee (formal valuation and fairness opinion) · Fintech / Payments
Buyer Advent International (with rollover by Philip Fayer, Novacap and CDPQ)
Advent agreed to take Nuvei private at US$34.00 per share in cash, a 56% premium to the unaffected price, with founder Philip Fayer, Novacap and CDPQ rolling over equity.
Feb 27, 2024
First Capital Real Estate Investment Trust
Co-lead agent · Real Estate (Retail)
First Capital agreed to issue C$300 million of 5.572% Series B senior unsecured debentures due 2031.
Feb 20, 2024
H&R Real Estate Investment Trust
Agent (syndicate member) · 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
Lead agent · 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; co-dealer manager of the tender offer · 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 15, 2024
Neighbourly Pharmacy Inc.
Financial advisor and independent valuator (formal valuation) to the transaction committee · 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.
Dec 13, 2023
Enbridge's interests in Alliance Pipeline, Aux Sable and NRGreen
Exclusive financial advisor to Pembina · Midstream
Buyer Pembina Pipeline Corporation · Seller Enbridge Inc.
Pembina agreed to buy Enbridge's interests in the Alliance, Aux Sable and NRGreen joint ventures for about $3.1 billion including assumed debt, funded partly by a $1.1 billion bought deal of subscription receipts.
Nov 13, 2023
Elk Valley Resources (Teck steelmaking coal business)
Financial advisor to Teck · Mining
Buyer Glencore plc (77%) and Nippon Steel Corporation (20%) · Seller Teck Resources Limited
Teck agreed to sell its entire steelmaking coal business, Elk Valley Resources, with a majority stake to Glencore at an implied enterprise value of US$9.0 billion on a 100% basis and a minority stake to Nippon Steel.
Nov 13, 2023
Marathon Gold Corporation
Financial 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 22, 2023
Quesnel River and Slave Lake pulp mills
Exclusive financial advisor to West Fraser · Forest Products
Buyer Atlas Holdings · Seller West Fraser Timber Co. Ltd.
West Fraser agreed to sell two western Canadian pulp mills to Atlas Holdings for combined cash proceeds of US$120 million.
Sep 21, 2023
Alimentation Couche-Tard Inc. (C$800 million 5.592% Series 7 senior unsecured notes due 2030)
Agency syndicate member · 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 24, 2023
Crescent Point's North Dakota assets
Financial advisor to Crescent Point · Oil & Gas
Buyer Undisclosed private operator · Seller Crescent Point Energy Corp.
Crescent Point agreed to sell its North Dakota assets to a private operator for US$500 million (about C$675 million) in cash.
Aug 1, 2023
Pipestone Energy Corp.
Co-lead arranger and joint bookrunner, expanded credit facility · 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.
Jul 11, 2023
TransAlta Renewables Inc. (shares not owned by TransAlta)
Independent financial advisor to the RNW special committee; fairness opinion · Power & Renewables
Buyer TransAlta Corporation
TransAlta agreed to acquire the publicly held shares of its subsidiary TransAlta Renewables for cash and shares valued at about $1.38 billion, simplifying its structure.
Jul 10, 2023
Hinton pulp mill (Alberta)
Exclusive financial advisor to West Fraser · Forest Products
Buyer Mondi · Seller West Fraser Timber Co. Ltd.
West Fraser agreed to sell its Hinton, Alberta pulp mill to Mondi for nominal proceeds while entering a long-term fibre supply arrangement.
Apr 13, 2023
Copper Mountain Mining Corporation
Fairness opinion to the Hudbay board · Mining
Buyer Hudbay Minerals Inc.
Hudbay agreed to combine with Copper Mountain in an all-share plan of arrangement, creating the third-largest copper producer in Canada.
Feb 27, 2023
Uni-Select Inc.
Exclusive financial advisor to Uni-Select; fairness opinion to the board · Automotive Distribution
Buyer LKQ Corporation
LKQ agreed to acquire Uni-Select for C$48.00 per share in cash, a total enterprise value of about C$2.8 billion, by plan of arrangement.
Nov 7, 2022
Summit Industrial Income REIT
Exclusive financial advisor to the joint venture · 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.
Sep 5, 2022
Turquoise Hill Resources Ltd.
Independent valuator (formal valuation) and fairness opinion to the special committee · Mining (Copper)
Buyer Rio Tinto plc
Rio Tinto agreed to acquire the roughly 49% of Turquoise Hill it did not own for C$43.00 per share in cash, following an unsolicited proposal earlier in 2022. The special committee obtained an MI 61-101 formal valuation.
Jun 13, 2022
Gold Standard Ventures Corp.
Financial advisor to Gold Standard; fairness opinion to the board · Mining (Gold)
Buyer Orla Mining Ltd.
Orla agreed to acquire Gold Standard Ventures, owner of the South Railroad project in Nevada, by plan of arrangement.
Mar 1, 2022
Pembina/KKR western Canadian gas processing joint venture (Newco)
Financial advisor to KKR; joint bookrunner and administration agent on Newco credit facilities · Energy Midstream
Buyer Pembina Pipeline Corporation and KKR global infrastructure funds
Pembina and KKR combined their western Canadian natural gas processing assets, including Veresen Midstream and Energy Transfer Canada, into a 60/40 joint venture with an ascribed value of $11.4 billion.
Feb 28, 2022
First Horizon Corporation
Financial advisor to TD · 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.
Feb 22, 2022
Gemfield Resources LLC (Goldfield District Project)
Financial advisor to Centerra · Mining (Gold)
Buyer Centerra Gold Inc. · Seller Waterton Nevada Splitter, LLC
Centerra agreed to acquire the Goldfield development project in Nevada from Waterton for US$206.5 million, including a future milestone payment.
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 20, 2021
Josemaria Resources Inc.
Financial advisor and fairness opinion to the Lundin Mining special committee · 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.
Nov 29, 2021
50% interest in a NextEra Energy Resources renewable portfolio (about 2,520 MW)
Financial advisor to Ontario Teachers' · Renewable Energy
Buyer Ontario Teachers' Pension Plan Board · Seller NextEra Energy Resources, LLC
Ontario Teachers' agreed to acquire a 50% interest in a U.S. portfolio of wind, solar and storage assets from NextEra Energy Resources.
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 15, 2021
Firehouse Restaurant Group Inc. (Firehouse Subs)
Financial advisor to Firehouse Subs · Restaurants
Buyer Restaurant Brands International Inc.
RBI agreed to acquire Firehouse Subs for $1.0 billion in cash.
Nov 3, 2021
D2L Inc.
Co-lead underwriter and joint bookrunner · Technology (Education Software)
D2L completed its TSX initial public offering of 8.825 million subordinate voting shares at $17.00 for gross proceeds of about $150 million.
Sep 28, 2021
Kirkland Lake Gold Ltd.
Financial advisor to Agnico Eagle · Mining (Gold)
Buyer Agnico Eagle Mines Limited
Agnico Eagle and Kirkland Lake Gold agreed to an all-share merger of equals to create a senior gold producer with a dominant position in Canada.
Jul 27, 2021
Noront Resources Ltd.
Financial advisor to Noront · Mining (Nickel / Base Metals)
Buyer BHP
BHP made a board-supported all-cash takeover offer of C$0.55 per share for Noront (equity value C$325 million), later raised, before Noront accepted a superior Wyloo Metals offer in December 2021.
Jun 7, 2021
EXFO Inc.
Financial advisor, independent valuator and fairness opinion to the special committee · Technology (Telecom Test & Measurement)
Buyer Germain Lamonde (through PurchaseCo)
EXFO agreed to a going-private arrangement under which founder Germain Lamonde's PurchaseCo would acquire the subordinate voting shares he did not control.
Jun 1, 2021
Inter Pipeline Ltd.
Financial advisor and fairness opinion to Inter Pipeline · 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
Joint bookrunner · 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.
Joint active bookrunner · Health Care (Dental Services)
dentalcorp priced its IPO of 50 million subordinate voting shares at $14.00 (about $700 million), with concurrent private placements bringing gross proceeds to about $950 million.
May 18, 2021
Neighbourly Pharmacy Inc.
Underwriter (syndicate member) · 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 21, 2021
Thinkific Labs Inc.
Underwriter (syndicate member) · Technology (Software)
Thinkific priced its IPO of 12.31 million subordinate voting shares at $13.00 for gross proceeds of about $160 million.
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.
Mar 15, 2021
Shaw Communications Inc.
Exclusive financial advisor to Shaw · Telecommunications
Buyer Rogers Communications Inc.
Rogers agreed to acquire all Shaw Class A and Class B shares in a transaction valued at about $26 billion including Shaw debt, combining Canada's two large cable and wireless networks.
Mar 9, 2021
Tervita Corporation
Financial advisor and fairness opinion to Tervita · Energy Services & Environmental
Buyer SECURE Energy Services Inc.
SECURE and Tervita agreed to an all-share merger creating a midstream infrastructure and environmental solutions business with an implied enterprise value of about $2.3 billion.
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.
Jan 25, 2021
Bruin E&P HoldCo, LLC
Strategic advisor to Enerplus · Oil & Gas (Exploration & Production)
Buyer Enerplus Corporation
Enerplus agreed to acquire private Williston Basin operator Bruin for US$465 million in cash.
Dec 8, 2020
HyGear
Financial advisor on the acquisition; co-lead underwriter and joint bookrunner on the bought deal · Clean Technology
Buyer Xebec Adsorption Inc.
Xebec agreed to acquire Dutch hydrogen company HyGear for €82.0 million plus assumed net debt, funded with a $100 million bought deal offering and a $50 million private placement with CDPQ.
Dec 2020
MindBeacon Holdings Inc.
Joint bookrunner · Healthcare / Digital Health
MindBeacon completed its initial public offering, in which it and selling shareholders including TELUS sold 9.34 million common shares at $8.00 for gross proceeds of about $74.75 million.
Nov 19, 2020
Norbord Inc.
Financial advisor to West Fraser; fairness opinion to the West Fraser board · 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.
Oct 25, 2020
Husky Energy Inc.
Financial advisor to Cenovus; fairness opinion to the Cenovus board · Oil & Gas
Buyer Cenovus Energy Inc.
Cenovus agreed to combine with Husky in an all-stock plan of arrangement implying an enterprise value for Husky of about $10.2 billion, creating an integrated oil and gas company.
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.
Aug 11, 2020
Boralex Inc.
Co-lead underwriter · Power & Renewables
Boralex agreed a $175 million bought deal public offering of common shares at $33.10 per share.
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.
Aug 10, 2020
Painted Pony Energy Ltd.
Co-lead financial advisor to Painted Pony; fairness opinion · Oil & Gas
Buyer Canadian Natural Resources Limited
Canadian Natural agreed to acquire Painted Pony for $0.69 per share in cash by plan of arrangement.
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 1, 2020
WSP Global Inc.
Joint bookrunner · Engineering & Consulting
WSP announced a $437 million public offering of common shares plus a concurrent $64 million private placement with CDPQ and CPP Investments.
May 26, 2020
Air Canada
Active bookrunner (shares and convertible notes) · Airlines
Air Canada priced a C$500.5 million marketed public offering of shares and a concurrent US$650 million private placement of convertible senior notes due 2025.
May 11, 2020
Alacer Gold Corp.
Financial advisor and fairness opinion to the SSR Mining special committee · 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.
Feb 25, 2020
GFL Environmental Inc.
Joint 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
Advisor to KingSett · 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.
Feb 10, 2020
Great Canadian Gaming Corporation
Syndicate underwriter · Gaming & Leisure
Great Canadian announced a $180 million bought deal of 5.25% senior unsecured debentures due 2026 alongside a substantial issuer bid for up to $500 million of its shares.
Dec 2, 2019
FirstService Corporation
Co-lead underwriter · Real Estate Services
FirstService agreed to a US$200 million bought deal of 2,165,000 common shares at US$92.50.
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.
Nov 25, 2019
TD Ameritrade Holding Corporation
Financial advisor to TD · Financial Services (Brokerage)
Buyer The Charles Schwab Corporation · Seller The Toronto-Dominion Bank (as major shareholder)
Schwab agreed to acquire TD Ameritrade; TD, a major TD Ameritrade shareholder, will take an ownership stake in Schwab and revised its insured deposit agreement.
Nov 18, 2019
Denison Mines Corp. (flow-through shares)
Underwriter · Mining (Uranium)
Denison completed a C$4.7 million bought deal private placement of flow-through shares.
Oct 22, 2019
Granite Real Estate Investment Trust (October 2019 bought deal)
Co-lead underwriter · Real Estate (Industrial REIT)
Granite REIT announced a C$200 million bought deal of stapled units, upsized to about C$256 million and closed at C$294 million including the over-allotment.
Oct 4, 2019
Prince George Refinery
Financial advisor to the seller · Energy (Refining)
Buyer Tidewater Midstream and Infrastructure Ltd. · Seller Husky Energy Inc.
Husky agreed to sell its Prince George refinery in B.C. to Tidewater Midstream for $215 million in cash plus inventory adjustments and a contingent payment.
Oct 1, 2019
Docebo Inc.
Lead underwriter and joint bookrunner · Technology (Software)
Docebo priced its TSX IPO of 4,687,500 common shares at C$16.00 for gross proceeds of C$75 million.
Aug 21, 2019
Kinder Morgan Canada Limited and Cochin Pipeline (U.S. portion)
Exclusive financial advisor to the acquirer; fairness opinion to the board · Energy (Midstream)
Buyer Pembina Pipeline Corporation · Seller Kinder Morgan, Inc.
Pembina agreed to acquire Kinder Morgan Canada Limited and the U.S. portion of the Cochin Pipeline from Kinder Morgan Inc. for a total of about $4.35 billion.
Aug 15, 2019
Intact Financial Corporation (subscription receipts)
Co-lead underwriter · Insurance
Intact agreed to a $401 million bought deal of subscription receipts to help fund its approximately $1 billion acquisition of The Guarantee Company of North America and Frank Cowan.
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.
May 29, 2019
Devon Canada Corporation (substantially all assets)
Financial advisor to the acquirer; sole underwriter and bookrunner of the committed acquisition facility · Energy (Oil & Gas)
Buyer Canadian Natural Resources Limited · Seller Devon Energy Corporation
Canadian Natural agreed to buy substantially all of Devon Canada's assets for C$3.775 billion in cash, funded by a new C$3.25 billion term facility.
May 14, 2019
Corus Entertainment Inc. Class B shares (secondary offering)
Lead 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.
May 9, 2019
SugarLeaf Labs, LLC (assets)
Financial advisor to the acquirer · Cannabis / Hemp Processing
Buyer Neptune Wellness Solutions Inc.
Neptune agreed to acquire substantially all of the assets of hemp processor SugarLeaf Labs for US$18 million at closing plus earn-outs.
Apr 29, 2019
Goreway Power Station Holdings Inc.
Co-lead underwriter, subscription receipt offering · Power & Utilities
Buyer Capital Power Corporation · Seller JERA Co. Inc. and Toyota Tsusho Corporation
Capital Power agreed to acquire the 875 MW Goreway gas plant for $387 million in cash plus $590 million of assumed project debt, partly funded by a $130 million bought deal of subscription receipts.
Apr 11, 2019
Granite Real Estate Investment Trust (April 2019 bought deal)
Co-lead underwriter · Real Estate (Industrial REIT)
Granite REIT completed a bought deal equity offering of stapled units announced at C$200 million and closed at C$231 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.
Jan 14, 2019
Goldcorp Inc.
Financial advisor to Goldcorp; fairness opinion to the board · Mining (Gold)
Buyer Newmont Mining Corporation
Newmont agreed to acquire Goldcorp in a stock-for-stock transaction valued at about US$10 billion (equity), creating Newmont Goldcorp.
Dec 4, 2018
Quebrada Blanca (30% indirect interest)
Financial advisor to Teck · Mining
Buyer Sumitomo Metal Mining and Sumitomo Corporation · Seller Teck Resources Limited
Teck agreed to bring in Sumitomo Metal Mining and Sumitomo Corporation as partners in Quebrada Blanca for a US$1.2 billion contribution for a 30% indirect interest, allowing QB2 construction to proceed.
Nov 14, 2018
Tahoe Resources Inc.
Fairness opinion to the Pan American board · Mining
Buyer Pan American Silver Corp.
Pan American Silver agreed to acquire Tahoe Resources by plan of arrangement for cash and shares worth about US$1.07 billion plus contingent value rights tied to the Escobal mine.
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.
Nov 1, 2018
Newfield Exploration Company
Financial advisor to Encana; opinion to the board · Energy
Buyer Encana Corporation
Encana agreed to acquire Newfield Exploration in an all-stock combination, assuming about $2.2 billion of Newfield net debt.
Oct 5, 2018
Trinidad Drilling Ltd.
Financial advisor to Trinidad; fairness opinion to its board · Energy Services
Buyer Precision Drilling Corporation
Precision Drilling agreed to acquire Trinidad Drilling in an all-share arrangement valued at about $1.03 billion including debt; Trinidad was ultimately acquired by Ensign Energy after a competing bid.
Aug 9, 2018
Cenovus Pipestone and Wembley natural gas and liquids business
Exclusive financial advisor to Cenovus · Energy
Buyer NuVista Energy Ltd. · Seller Cenovus Energy Inc.
Cenovus agreed to sell its Pipestone/Wembley business in northwestern Alberta to NuVista Energy for $625 million, with NuVista funding partly via a $405 million equity offering.
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.
Jul 31, 2018
Forest City Realty Trust, Inc.
Financial advisor to Brookfield; financing syndicate · Real Estate
Buyer Brookfield Asset Management (real estate fund)
A Brookfield real estate fund agreed to acquire Forest City for $25.35 per share in cash in an $11.4 billion transaction.
May 30, 2018
NGL Energy Partners retail propane business
Financial advisor to Superior; co-lead underwriter of subscription receipt offering · Energy Distribution
Buyer Superior Plus Corp. · Seller NGL Energy Partners LP
Superior Plus agreed to acquire NGL Energy Partners' retail propane business for about US$900 million, financed partly by a C$400 million bought-deal subscription receipt offering.
May 29, 2018
Trans Mountain Pipeline system and expansion project
Financial advisor to KML; fairness opinion to the board · Energy Infrastructure
Buyer Government of Canada · Seller Kinder Morgan Canada Limited
Kinder Morgan Canada agreed to sell the Trans Mountain pipeline and expansion project to the Government of Canada for C$4.5 billion.
May 8, 2018
Quebecor Media Inc. (18.47% stake)
Financial advisor to Quebecor · Telecom & Media
Buyer Quebecor Inc. · Seller CDPQ
Quebecor agreed to repurchase the Caisse's remaining 18.47% interest in Quebecor Media at an agreed value of $1.69 billion.
Apr 24, 2018
Mitel Networks Corporation
Committed debt financing and financial advisory services to Searchlight · Technology
Buyer Searchlight Capital Partners (investor group)
An investor group led by Searchlight Capital agreed to take Mitel private for US$11.15 per share in cash, valued at about US$2.0 billion including net debt.
Jan 12, 2018
Primero Mining Corp.
Exclusive financial advisor to First Majestic · 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 14, 2017
MacDon Industries Ltd. and Group of Companies
Financial advisor to Linamar · Industrials (Agricultural Equipment)
Buyer Linamar Corporation
Linamar agreed to acquire harvesting equipment specialist MacDon for a C$1.2 billion cash purchase price, funded with a new term loan.
Nov 13, 2017
Cenovus majority interest in the Weyburn CO2 enhanced oil recovery operation
Exclusive financial advisor to Cenovus · Energy (Oil & Gas)
Seller Cenovus Energy Inc.
Cenovus agreed to sell its majority interest in the Weyburn enhanced oil recovery operation in Saskatchewan for $940 million in cash; the release did not name the buyer.
Nov 2, 2017
Canadian Real Estate Investment Trust
Financial advisor to Choice Properties; fairness opinion · Real Estate
Buyer Choice Properties Real Estate Investment Trust
Choice Properties agreed to acquire CREIT for cash and units in a $6.0 billion transaction, creating Canada's largest REIT.
Oct 26, 2017
Aecon Group Inc.
Joint financial advisor to Aecon; fairness opinion · Construction & Infrastructure
Buyer CCCC International Holding Limited (CCCI)
Aecon agreed to be acquired by CCCI, a subsidiary of China Communications Construction, for $20.37 per share in cash.
Oct 2, 2017
The Jean Coutu Group (PJC) Inc.
Independent financial advisor to the special committee; fairness opinion · Retail (Grocery & Pharmacy)
Buyer METRO INC.
Metro agreed to acquire pharmacy chain Jean Coutu Group for $4.5 billion in cash and shares.
Jul 17, 2017
Dominion Diamond Corporation
Financial advisor to Dominion; 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.
Jun 30, 2017
NexGen Energy Ltd.
Financial advisor and lead placement agent to NexGen · Mining (Uranium)
Buyer CEF Holdings Limited
NexGen arranged an additional US$110 million financing from CEF Holdings and affiliates of its shareholders, comprising common shares and convertible debentures.
Jun 13, 2017
ViaWest, Inc.
Exclusive financial advisor to Shaw; fairness opinion · Technology (Data Centres)
Buyer Peak 10 Holding Corporation (GI Partners) · Seller Shaw Communications Inc.
Shaw agreed to sell its U.S. data centre subsidiary ViaWest to GI Partners' Peak 10 for about C$2.3 billion (US$1.675 billion).
Jun 9, 2017
Encana Piceance natural gas assets
Financial advisor to Caerus · Energy (Oil & Gas)
Buyer Caerus Oil and Gas LLC · Seller Encana Corporation
Encana agreed to sell its Piceance natural gas assets to Caerus for US$735 million in cash, also reducing its midstream commitments by about US$430 million.
May 15, 2017
Spin Master Corp.
Co-lead underwriter · Consumer Products (Toys)
Seller Spin Master founders and 1-R32 Foundation
Spin Master's founders and a related foundation sold about C$150 million of subordinate voting shares at C$40.75 each in a bought-deal secondary offering.
Mar 9, 2017
Working interests in the Athabasca Oil Sands Project and other oil sands assets
Sole underwriter and bookrunner of committed 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.
Jan 25, 2017
WGL Holdings, Inc.
Financial advisor to AltaGas · Utilities (Gas)
Buyer AltaGas Ltd.
AltaGas agreed to acquire Washington, D.C.-based gas utility holding company WGL Holdings for US$88.25 per share in cash, a transaction valued at about US$6.4 billion.
Dec 14, 2016
4.0% gross overriding royalty on Pengrowth Lindbergh thermal assets
Exclusive financial advisor to Pengrowth · Oil & Gas
Seller Pengrowth Energy Corporation
Pengrowth agreed to sell a 4.0% gross overriding royalty on its Lindbergh thermal oil assets for $250 million.
Nov 1, 2016
TransCanada Corporation
Co-lead underwriter · Energy Infrastructure
TransCanada agreed a bought-deal offering of 54.75 million common shares at $58.50 for gross proceeds of about $3.2 billion, plus an over-allotment option.
May 2, 2016
Manitoba Telecom Services Inc.
Financial advisor and fairness opinion to the MTS board · Telecommunications
Buyer BCE Inc.
BCE agreed to acquire MTS for about $3.1 billion of equity plus about $0.8 billion of net debt, an enterprise value of roughly $3.9 billion.
Jan 13, 2016
Shaw Media Inc.
Financial advisor to Shaw and fairness opinion · Media & Entertainment
Buyer Corus Entertainment Inc. · Seller Shaw Communications Inc.
Shaw agreed to sell Shaw Media to related company Corus for $2.65 billion (about $1.85 billion cash plus Corus non-voting shares), with independent fairness opinions for both boards.
Dec 16, 2015
Mid-Bowline Group Corp. (WIND Mobile Corp.)
Financial advisor to Shaw · Telecommunications
Buyer Shaw Communications Inc.
Shaw agreed to acquire wireless carrier WIND Mobile for an enterprise value of about $1.6 billion to add mobile service to its wireline business.
Oct 2015
Hydro One Limited
Underwriter · Utilities
Seller Province of Ontario
The Province of Ontario sold common shares of Hydro One Limited in an initial public offering on the TSX underwritten by a 16-dealer syndicate.
Jun 30, 2015
Heritage Royalty Limited Partnership
Exclusive financial advisor to Cenovus · Oil & Gas
Buyer Ontario Teachers' Pension Plan · Seller Cenovus Energy Inc.
Cenovus agreed to sell its royalty and mineral-title business, Heritage Royalty, to Ontario Teachers' for about $3.3 billion in cash.
Apr 14, 2015
Penn West royalty interests
Financial advisor to Penn West · Oil & Gas
Seller Penn West Petroleum Ltd.
Penn West agreed to sell a package of royalty interests for $321 million to reduce senior debt.
Oct 3, 2014
Niobec niobium mine
Fairness opinion to the IAMGOLD board · Mining
Buyer Group of companies led by Magris Resources Inc. · Seller IAMGOLD Corporation
IAMGOLD agreed to sell the Niobec niobium mine in Quebec to a Magris Resources-led group for total consideration of US$530 million, including US$500 million cash at closing.
Sep 2, 2014
Southeast Saskatchewan assets of Lightstream Resources Ltd.
Financial advisor to Lightstream · 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.
Apr 23, 2014
CanEra Energy Corp.
Financial advisor to CanEra · Oil & Gas
Buyer Crescent Point Energy Corp.
Crescent Point agreed to acquire private southeast Saskatchewan producer CanEra Energy for about $1.1 billion in shares, cash and assumed net debt.
Apr 16, 2014
Osisko Mining Corporation
Financial advisor to Agnico Eagle · Mining (Gold)
Buyer Agnico Eagle Mines Limited and Yamana Gold Inc.
Agnico Eagle and Yamana agreed to jointly acquire Osisko Mining for about C$3.9 billion (C$8.15 per share in cash, shares and a spinco), defeating Goldcorp's hostile bid; Yamana's earlier April 2 agreement with Osisko was terminated.
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.
Nov 11, 2013
Aastra Technologies Limited
Financial advisor to Aastra; fairness opinion to its board · Technology / Communications
Buyer Mitel Networks Corporation
Mitel agreed to acquire Aastra by plan of arrangement for US$6.52 in cash plus 3.6 Mitel shares per Aastra share, creating a company with about US$1.1 billion in revenue.
Jan 24, 2013
Alimentation Couche-Tard Inc. (10,000,000 Class B shares)
Underwriter of the block trade · Retail / Consumer
Seller Metro Inc.
Metro agreed to sell 10 million Alimentation Couche-Tard Class B shares, part of its holding, through a bought-deal block trade.
Jan 14, 2013
Mountain Cablevision (Shaw Hamilton cable system) and option on Shaw AWS spectrum
Financial advisor to Shaw · Telecommunications / Cable
Buyer Rogers Communications Inc. · Seller Shaw Communications Inc.
Shaw agreed to sell its Hamilton cable system and an option on its AWS spectrum licences to Rogers, and to buy Rogers' stake in TVtropolis, for net consideration of about $700 million.
Jun 4, 2012
Q9 Networks Inc.
Financial advisor to Q9 · Technology
Buyer BCE Inc. with Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners
An investor group of Teachers', Providence and Madison Dearborn, with Bell, agreed to acquire data centre operator Q9 Networks for C$1.1 billion.
Apr 26, 2012
TransGlobe Apartment Real Estate Investment Trust
Financial advisor to the REIT · Real Estate
Buyer Starlight Investments Ltd. (with PSP Investments)
Starlight, with PSP Investments, agreed to take TransGlobe Apartment REIT private for $14.25 per unit, subject to a 45-day go-shop.
Mar 20, 2012
Viterra Inc.
Financial advisor to the board; fairness opinion · Agriculture
Buyer Glencore International plc
Glencore agreed to acquire Viterra for C$16.25 per share in cash (about C$6.1 billion), with parts of Viterra resold to Agrium and Richardson International.
Mar 9, 2012
480 MW portfolio of four U.S. wind projects
Financial advisor to APUC · Power & Utilities
Buyer Algonquin Power & Utilities Corp. · Seller Gamesa Corporacion Tecnologica, S.A.
Algonquin's generation arm agreed to acquire four U.S. wind projects totalling 480 MW from Gamesa for about US$888 million.
Feb 10, 2012
Fibrek Inc.
Financial advisor to Fibrek; fairness opinion · Packaging & Forest Products
Buyer Mercer International Inc.
Mercer agreed a board-supported take-over bid for Fibrek in cash and/or Mercer shares, competing with Resolute's earlier bid.
Feb 3, 2012
Oilsands Quest Eagles Nest asset
Financial advisor to Oilsands Quest · Oil & Gas
Seller Oilsands Quest Inc.
Oilsands Quest agreed to sell its non-core Eagles Nest asset for C$4.4 million as part of a broader sale solicitation process.
Jan 16, 2012
Provident Energy Ltd.
Financial advisor to Provident; fairness opinion · 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.
Nov 28, 2011
Canmarc Real Estate Investment Trust
Financial advisor to the special committee; fairness opinion · Real Estate
Buyer Cominar Real Estate Investment Trust
Cominar announced an all-cash offer of $15.30 per unit for Canmarc REIT, later supported by Canmarc's special committee.
Sep 19, 2011
Grayd Resource Corporation
Financial advisor to Agnico-Eagle · Mining
Buyer Agnico-Eagle Mines Limited
Agnico-Eagle agreed to make a supported cash-and-share take-over bid for Grayd Resource, owner of the La India gold project in Mexico.
Sep 15, 2011
Lake Shore Gold Mexican exploration portfolio (option for 60% interest)
Financial advisor to Lake Shore Gold on strategic review · Mining
Buyer Revolution Resources Corp. · Seller Lake Shore Gold Corp.
Lake Shore Gold granted Revolution an option to earn a 60% interest in its Mexican exploration properties after a strategic review.
Jul 20, 2011
OPTI Canada Inc.
Financial advisor to OPTI · 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.
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 Equinox; fairness opinion · Mining
Buyer Barrick Gold Corporation
Barrick agreed to acquire Equinox through a supported all-cash take-over offer of C$8.15 per share, displacing Equinox's bid for Lundin.
Mar 7, 2011
Copper Canyon Resources Ltd.
Financial advisor to NovaGold · Mining
Buyer NovaGold Resources Inc.
NovaGold agreed to acquire Copper Canyon by plan of arrangement for NovaGold shares plus shares of a new exploration spin-out company.
Feb 28, 2011
Lundin Mining Corporation
Financial advisor to Equinox · Mining
Buyer Equinox Minerals Limited
Equinox announced a cash-and-share take-over bid for Lundin Mining, conditional on termination of Lundin's merger agreement with Inmet.
Dec 20, 2010
Copper Canyon Resources Ltd.
Financial advisor to NovaGold · Mining
Buyer NovaGold Resources Inc.
NovaGold announced its intention to make a takeover offer for Copper Canyon Resources valued at about C$34.1 million.
Nov 24, 2010
Canadian Satellite Radio Holdings Inc. (XM Canada)
Exclusive financial advisor to CBC/Radio-Canada · Media & Entertainment
Buyer Sirius Canada Inc.
Sirius Canada and XM Canada agreed to an all-stock merger of equals with a combined enterprise value of about $520 million.
Nov 22, 2010
DundeeWealth Inc.
Financial advisor and formal valuator to the special committee; fairness opinion · 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).
Aug 17, 2010
Potash Corporation of Saskatchewan Inc.
Financial advisor and dealer manager to BHP Billiton · Agriculture / Fertilizers
Buyer BHP Billiton
BHP Billiton launched an unsolicited US$130 per share cash offer for PotashCorp, which the PotashCorp board unanimously recommended shareholders reject.
Jun 2010
Spider Resources Inc.
Financial advisor to Spider; fairness opinion · Mining
Buyer KWG Resources Inc.
KWG and Spider agreed to amalgamate as an alternative to Cliffs Natural Resources' hostile bid for Spider.
May 7, 2010
Stanley, Inc.
Financial advisor to CGI · Technology
Buyer CGI Group Inc.
CGI agreed to acquire U.S. federal IT contractor Stanley at an enterprise value of about US$1.07 billion.
Apr 19, 2010
Provident Energy upstream business
Financial 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.
Feb 12, 2010
Precision Drilling Trust
Financial advisor to the board; fairness opinion · Energy Services
Precision Drilling Trust announced its intention to convert to a corporation by plan of arrangement.
2010
Canwest broadcasting assets (CW Media)
Financial advisor to Shaw · Media & Entertainment
Buyer Shaw Communications Inc. · Seller Canwest Global Communications Corp.
Shaw acquired Canwest's broadcasting assets including CW Media; Shaw put the acquisition price at about C$2 billion including assumed net debt.
Nov 29, 2009
PacMag Metals Limited
Financial advisor to Entree · Mining
Buyer Entree Gold Inc.
Entree Gold agreed to acquire Australia's PacMag Metals by scheme of arrangement, valuing PacMag at about C$47 million.
Oct 21, 2009
Harvest Energy Trust
Sole financial advisor to Harvest; fairness opinion to the board · Energy
Buyer Korea National Oil Corporation (KNOC)
KNOC agreed to acquire Harvest Energy Trust by plan of arrangement in a C$4.1 billion transaction.
Oct 16, 2009
Enerflex Systems Income Fund
Financial advisor to Toromont · Industrial Equipment
Buyer Toromont Industries Ltd.
Toromont's unsolicited proposal for Enerflex ended in a supported, increased offer valued at $14.25 per Enerflex unit.
Dec 17, 2008
15% working interest in the Long Lake oil sands joint venture
Lead financial advisor to OPTI; fairness opinion · Oil & Gas
Buyer Nexen Inc. · Seller OPTI Canada Inc.
OPTI agreed to sell a 15% working interest in its oil sands joint venture for C$735 million to address funding pressure.
Dec 2, 2008
Wavecom S.A.
Financial advisor to Sierra Wireless · Technology
Buyer Sierra Wireless, Inc.
Sierra Wireless agreed (MOU) to acquire French M2M module maker Wavecom through friendly cash tender offers in France and the United States.
Nov 2007
Ballard Power Systems automotive fuel cell assets and AFCC interest
Financial advisor, formal valuator and fairness opinion to the special committee · Clean Technology
Buyer Daimler AG and Ford Motor Company · Seller Ballard Power Systems Inc.
Ballard agreed to transfer its automotive fuel cell R&D assets to Daimler, Ford and AFCC, a related-party deal requiring a formal valuation.
Oct 31, 2007
Canetic Resources Trust
Financial advisor to Canetic · 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 24, 2007
PrimeWest Energy Trust
Exclusive financial advisor to TAQA · Oil & Gas
Buyer TAQA North (Abu Dhabi National Energy Company)
TAQA agreed to acquire PrimeWest by plan of arrangement in a C$5.0 billion transaction including debt.
Sep 13, 2007
Magna Entertainment Corp.
Financial advisor to MID · Real Estate / Gaming
Buyer MI Developments Inc. (lender)
MID agreed to provide MEC a bridge loan of up to US$80 million as part of a debt-elimination plan, reviewed by a special committee.
Jul 31, 2007
Western Oil Sands Inc.
Financial advisor to Western · Oil & Gas
Buyer Marathon Oil Corporation
Marathon agreed to acquire Western Oil Sands by plan of arrangement for about C$6.6 billion including assumed debt, with WesternZagros spun out.
Jun 30, 2007
BCE Inc.
Financial advisor to the consortium · Telecommunications
Buyer Investor group led by Teachers' Private Capital (OTPP), Providence Equity Partners and Madison Dearborn Partners
BCE agreed to an all-cash C$42.75 per share leveraged buyout by an OTPP-led consortium valued at C$51.7 billion including debt and preferred equity.
Apr 16, 2007
Silver stream (25%) from Goldcorp's Penasquito project
Financial advisor and fairness opinion to the special committee · 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 27, 2007
Shaw Communications Inc.
Lead underwriter and sole bookrunner · Telecommunications
Public offering of C$400 million of senior notes by Shaw Communications.
Feb 6, 2007
TransCanada Corporation
Joint bookrunner and co-lead underwriter · Energy Infrastructure
Bought-deal offering of 39.47 million subscription receipts at C$38.00 each (about C$1.5 billion) by TransCanada.
Jan 14, 2007
Sunrise Senior Living Real Estate Investment Trust
Exclusive financial advisor to Sunrise REIT · Real Estate
Buyer Ventas, Inc.
Ventas agreed to buy Sunrise REIT; after a competing bid the price was raised to C$16.50 per unit, for a total value including debt of about C$2.28 billion.
Nov 29, 2006
Talisman Energy oil sands assets (incl. 1.25% Syncrude interest)
Financial advisor to Talisman on the sale of its oil sands assets · Oil & Gas
Buyer Canadian Oil Sands Limited · Seller Talisman Energy Inc.
Talisman monetized non-core oil sands assets, including selling its indirect 1.25% Syncrude interest to Canadian Oil Sands for about $475 million in cash and units.
Nov 20, 2006
TD Banknorth Inc. (minority shares)
Financial advisor to TD · Financial Services
Buyer TD Bank Financial Group
TD agreed to acquire the TD Banknorth shares it did not already own for US$32.33 per share in cash.
Sep 14, 2006
Cambior Inc.
Financial advisor to IAMGOLD · Mining & Metals
Buyer IAMGOLD Corporation
IAMGOLD agreed to acquire Cambior by plan of arrangement in what the companies called a US$3 billion transaction creating a leading global gold producer.
Aug 2, 2006
Private company natural gas and oil interests (central Alberta/NE B.C.)
Financial advisor to Canetic · Oil & Gas
Buyer Canetic Resources Trust
Canetic agreed to acquire a private company's gas-weighted assets (about 13,500 boe/d) for an estimated $900 million cash.
Jun 12, 2006
Oilsands Quest Inc.
Financial advisor to CanWest Petroleum · Oil & Gas
Buyer CanWest Petroleum Corporation
CanWest Petroleum and Oilsands Quest agreed to combine, creating an oil sands explorer with a fully diluted market capitalization of about US$1.3 billion.
May 23, 2006
Aurizon Mines Ltd.
Financial advisor to Northgate · Mining & Metals
Buyer Northgate Minerals Corporation
Northgate announced an unsolicited share-exchange offer for Aurizon to create a Canadian-focused mid-tier gold producer.
2006
Mexgold Resources Inc.
Formal valuation and fairness opinion to the Mexgold special committee · Mining & Metals
Buyer Gammon Lake Resources Inc.
Gammon Lake agreed to acquire the minority of its affiliate Mexgold at 0.47 Gammon share per Mexgold share; Mexgold's special committee obtained a formal valuation.
Jun 22, 2005
TD Waterhouse U.S.A.
Financial advisor to TD · Financial Services
Buyer Ameritrade Holding Corporation · Seller TD Bank Financial Group
Ameritrade agreed to acquire TD Bank Financial Group's U.S. discount brokerage, TD Waterhouse U.S.A., with Joe Moglia remaining CEO of the combined TD Ameritrade.
Mar 9, 2005
Falconbridge Limited (minority shares)
Financial advisor to the Falconbridge special committee; formal valuation and fairness opinion · Mining & Metals
Buyer Noranda Inc.
Noranda agreed to combine with its majority-owned Falconbridge through a share-exchange bid for the Falconbridge minority (1.77 Noranda shares per share), alongside a Noranda issuer bid, creating NorandaFalconbridge.
Sep 20, 2004
Microcell Telecommunications Inc.
Financial advisor and dealer manager to Rogers Wireless · Telecommunications
Buyer Rogers Wireless Communications Inc.
Rogers Wireless agreed to acquire Microcell through take-over offers, creating the operator of Canada's only nationwide GSM/GPRS/EDGE network.
Apr 6, 2004
Olympia Energy Inc.
Financial advisor to Provident · Oil & Gas
Buyer Provident Energy Trust
Provident agreed to acquire Olympia Energy by plan of arrangement, concurrently with a separate arrangement to acquire Viracocha Energy.
Apr 6, 2004
Viracocha Energy Inc.
Financial advisor to Provident · Oil & Gas
Buyer Provident Energy Trust
Provident agreed to acquire Viracocha Energy by plan of arrangement, concurrently with its separate Olympia Energy acquisition.
Mar 3, 2003
Zemex Corporation
Fairness opinion to the Zemex board · Mining - Industrial Minerals
Buyer Cementos Pacasmayo S.A.A.
Peru's Cementos Pacasmayo agreed to acquire Toronto-based industrial minerals producer Zemex for US$8.80 per share in cash, about US$100 million including debt.
Feb 20, 2003
Emco Limited
Financial advisor to the independent committee; fairness opinion · Industrials - Building Products
Buyer Blackfriars Corp. · Seller Masco Corporation (approx. 42% holder, agreed to tender)
Emco agreed to a support agreement under which a Blackfriars subsidiary would bid $16.60 per share in cash (about $285 million) after a strategic review; Masco agreed to tender its stake.
Mar 26, 2002
Trilon Financial Corporation
Financial advisor to the independent committee; formal valuation and fairness opinion · Financial Services
Buyer Brascan Corporation
Brascan offered to buy the Trilon shares it did not own for $17.00 cash or Brascan shares; TD Securities prepared the formal valuation and fairness opinion for Trilon's independent committee.
Oct 10, 2001
TD Waterhouse Group, Inc.
Canadian 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.
Aug 21, 2000
Clearnet Communications Inc.
Financial advisor to TELUS; underwrote debt financing · Telecommunications
Buyer TELUS Corporation
TELUS agreed to acquire national wireless carrier Clearnet in a cash-and-share offer valued at C$6.6 billion including about $2.0 billion of Clearnet debt, then the largest Canadian telecom acquisition.
