Representative Work Representative Work

Canadian Business Growth Fund in Paystone’s financing

On January 21, 2021, Paystone announced the closing of $69 million in strategic financing, led by Canadian Business Growth Fund (CBGF) and National Bank of Canada. The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. The funding...

Lead Office: Toronto Date Closed: January 21, 2021 Value: $69 million

BP p.l.c. in Kaynes v BP

On January 20, 2021 the Court of Appeal for Ontario released its decision in Kaynes v BP, effectively ending a decade-long securities class action. This action arose from the Deepwater Horizon oil rig explosion in 2010, with the plaintiff claiming that Canadian BP shareholders suffered...

Lead Office: Toronto Date Closed: January 20, 2021 Value: -

Inovia Capital in Rewind’s US$15 million Series A Financing

On January 19, 2021, Rewind completed its US$15 million Series A financing round led by Inovia Capital. This funding will help Rewind to continue its expansion building its backup-as-a-service (BaaS) support for business-critical SaaS applications. Rewind will use the capital to protect...

Lead Office: Toronto Date Closed: January 19, 2021 Value: US$15 million

Prodigy in its $159-million financing

On January 12, 2021, Prodigy announced a $159-million financing round led by TPG Capital and the Canadian Business Growth Fund. Proceeds from the round will be used to help bolster the advancement of the startup’s Math Game, and strengthen its tutoring offering. Prodigy is an online company,...

Lead Office: Toronto Date Closed: -- Value: $159 million

City of Toronto in connection with Union Station Litigation

Osler has been retained by the City of Toronto, the owner of Union Station, to advise and represent the City in multiple complex construction litigation matters resulting from several multi-year projects relating to the revitalization and enhancement of Union Station. These projects...

Lead Office: Toronto Date Closed: -- Value: $665 million

Element AI in its acquisition by ServiceNow

On January 8, 2021, ServiceNow completed its acquisition of Element AI. The acquisition of Element AI is ServiceNow's latest strategic investment to accelerate AI innovation in its Now Platform. The transaction will allow ServiceNow to establish an AI Innovation Hub in Canada and...

Lead Office: Montreal Date Closed: January 8, 2021 Value: -

Willow in its seed financing round

On January 7, 2021, Willow announced its seed financing round led by Harden Group. The financing will be put towards building Willow’s platform, as well as for marketing and growth as the company builds an online real estate exchange. Willow’s platform will allow retail...

Lead Office: Toronto Date Closed: January 7, 2021 Value: -

The syndicate of agents in connection with the $150 million offering of Series G unsecured debentures by CT REIT

On January 6, 2021, CT Real Estate Investment Trust completed its previously announced issuance on a private placement basis of $150 million aggregate principal amount of Series G senior unsecured debentures. The offering of the 2.371% notes are due 2031 and was led by RBC Dominion...

Lead Office: Toronto Date Closed: January 6, 2021 Value: $150 million

Hootsuite Inc. in its acquisition of Sparkcentral

On January 6, 2021, Hootsuite Inc., announced its acquisition of Sparkcentral. The acquisition supports Hootsuite’s broader expansion and will allow Hootsuite to expand its product stream to include customer support teams and inquiry management through online messaging platforms. The...

Lead Office: Toronto Date Closed: January 6, 2021 Value: -

Blackstone Credit in its partnership with Westland Insurance Group Ltd.

On January 12, 2021, Blackstone Credit and Westland Insurance Group Ltd. announced they have entered into a partnership. Under the transaction, Westland has refinanced its existing debt with new long term debt financing led by Blackstone. The new debt financing also includes a committed and...

Lead Office: Toronto Date Closed: January 5, 2021 Value: -