Representative Work Representative Work

Husky Energy Inc. in its $23.6 billion agreement with Cenovus Energy Inc. to create a new integrated energy leader

On October 25, 2020, Cenovus Energy Inc. and Husky Energy Inc. announced they have entered into an agreement through which they will create a new integrated Canadian oil and natural gas company. The transaction will combine Cenovus and Husky in an all-stock transaction valued at $23.6...

Lead Office: Calgary Date Closed: January 4, 2021 Value: $23.6 billion

Ontario Teachers' Pension Plan Board in its investment in Duo Bank of Canada in connection with Duo Bank of Canada’s acquisition of Fairstone Financial Holdings Inc.

On January 4, 2021, Duo Bank of Canada, in partnership with Stephen Smith, Centerbridge Partners L.P. and Ontario Teachers' Pension Plan Board, completed its acquisition of Fairstone Financial Holdings Inc. The acquisition supports Duo Bank of Canada’s growth objectives as it...

Lead Office: Toronto Date Closed: January 4, 2021 Value: -

Manulife Financial in the sale of its subsidiary NAL Resources Limited to Whitecap Resources Inc.

On January 4, 2021 Whitecap Resources Inc., completed the previously announced strategic combination with NAL Resources Limited in an all-stock deal valued at approximately $155 million. Whitecap entered into an agreement to acquire NAL from The Manufacturers Life Insurance Company, a...

Lead Office: Calgary Date Closed: January 4, 2021 Value: $155 million

Ad Hoc Term Lender Group in Covia’s emergence from creditor protection

On December 31, 2020, Covia announced its emergence from creditor protection. After voluntarily filing for Chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas, Covia entered into a restructuring agreement with the ad hoc term lenders group and successfully restructured...

Lead Office: Toronto Date Closed: December 31, 2020 Value: -

Xebec Adsorption Inc. in its bought deal public offering and concurrent private placement of subscription receipts and its acquisition of Green Vision Holding B.V., the parent company of HyGear Technology and Services B.V.

On December 30, 2020, Xebec Adsorption Inc. (Xebec) announced the closing of its upsized bought deal public offering of subscription receipts for gross proceeds of $143,751,840 and its upsized concurrent private placement of subscription receipts with Caisse de dépôt et placement du Québec for...

Lead Office: Montreal Date Closed: December 31, 2020 Value: $207 million

IPO of MindBeacon Holdings Inc.

On December 17, 2020, MindBeacon priced its initial public offering consisting of a treasury offering of 8,125,000 common shares at a price of $8.00 per common share for aggregate gross proceeds of $65 million and a secondary offering of approximately $10 million. The common shares began...

Lead Office: Montreal Date Closed: December 23, 2020 Value: $65 million

Dream Industrial REIT in its $250 million private placement of senior unsecured debentures

On December 15, 2020, Dream Industrial REIT announced its private placement of senior unsecured debentures. The inaugural offering consists of $250 million principal amount of 1.662% Series A Debentures due in December 2025. The offering is made by a syndicate of agents led by TD Securities...

Lead Office: Toronto Date Closed: December 22, 2020 Value: $250 million

IBM in its acquisition of Expertus

On December 15, 2020, IBM purchased Expertus Technologies Inc. (Expertus) to bolster IBM’s electronic-payments capabilities. Together with Expertus, IBM can now provide financial institutions with the full breadth of intelligent workflows, end-to-end business processes embedded...

Lead Office: Toronto Date Closed: December 22, 2020 Value: -

2223890 Alberta Ltd. in its $195-million go-private transaction with Rocky Mountain Dealerships Inc.

On December 22, 2020, 2223890 Alberta Ltd. (AcquireCo), a company controlled by Matt Campbell and Garrett Ganden (the Executive Chairman and CEO respectively of RMDI) completed its acquisition of Rocky Mountain Dealerships Inc. (RMDI). Under the transaction, AcquireCo acquired all issued and...

Lead Office: Calgary Date Closed: December 22, 2020 Value: $195 million

Canada Infrastructure Bank in its $407.5 million loan to create additional irrigable acres in Alberta

On October 9, 2020, Canada Infrastructure Bank announced its intention to provide $407.5 million in funding to a Special Purpose Vehicle supported by the Province of Alberta and eight Irrigation Districts to create more than 200,000 additional irrigable acres. The deal reached financial close on...

Lead Office: Calgary Date Closed: December 21, 2020 Value: $407.5 million