Mergers & Acquisitions

Pattern Energy Group Inc. on its approximately US$6.1-billion proposed all-cash acquisition by Canada Pension Plan Investment Board.

Cona Resources Ltd., a portfolio company of Waterous Energy Fund, on its C$740-million acquisition of Pengrowth Energy Corporation.

Equinox Gold Corp. on its US$578-million all-stock acquisition of Leagold Mining Corporation and concurrent private placement of US$170-million and debt financing of US$500-million.

TC Energy Corporation on the sale of an 85 per cent equity interest in Northern Courier Pipeline to AIMCo and, in conjunction with the sale, the financing of long-term, non-recourse debt, with projected aggregate gross proceeds to TC Energy of C$1.15-billion.

Tilray, Inc. on its C$419-million acquisition of FHF Holdings Inc. (d.b.a. Manitoba Harvest) from Compass Group Diversified Holdings, LLC and other shareholders of Manitoba Harvest.

WestJet on its proposed acquisition by Onex for approximately C$5-billion.

Vistra Energy, as Canadian counsel, on its proposed acquisition with Crius Energy Trust of Crius Energy to form the leading residential electricity provider in the U.S.

​Algonquin Power & Utilities Corp. on its C$331-million acquisition of Enbridge Gas New Brunswick, Inc.

Cronos Group Inc. in connection with the C$2.4-billion strategic equity investment in Cronos Group by Altria Group, Inc.

The Toronto-Dominion Bank on its C$792-million proposed acquisition of Greystone Capital Management Inc. (subject to regulatory approvals).

PayPal Holdings, Inc. on its US$400-million acquisition of Hyperwallet Systems Inc.

Shell Canada Energy on the purchase by Petronas-owned North Montney LNG Limited Partnership of a 25 per cent stake in the LNG Canada project JV from Shell, PetroChina Kitimat LNG Partnership and Kogas Canada LNG Ltd. (subject to regulatory approvals and closing).

Macquarie Infrastructure Partners III L.P. on the sale of its private equity investment in the C$5.125-billion recapitalization of GFL Environmental Inc.

The Coutu family, controlling shareholder of The Jean Coutu Group (PJC) Inc., on the sale of all of the shares of The Jean Coutu Group (PJC) Inc. to Metro Inc, an acquisition worth C$4.5-billion.

Kinder Morgan Canada on its proposed C$4.5-billion sale of the Trans Mountain Pipeline system and expansion project to the Government of Canada.

Novolex, a portfolio company of The Carlyle Group, as Canadian counsel, on its US$2.3-billion acquisition of The Waddington Group from Newell Brands, Inc.

Canadian Real Estate Investment Trust on its C$3.9-billion combination with Choice Properties Real Estate Investment Trust.

Nevsun Resources Ltd. on its proposed C$1.5-billion acquisition by Lundin Mining Corp. and Euro Sun Mining Inc.

The Stars Group on its US$15-billion enterprise value combination with Flutter Entertainment to form the world's largest online betting and gaming operator, which includes the PokerStars, Fox Bet and FanDuel businesses in the U.S. 

​Starlight U.S. Multi-Family (No. 5) Core Fund on the US$1.4-billion acquisition by Tricon Capital Group Inc. of the Fund’s partnership units and its 7,289-unit, multi-family portfolio located in the U.S.

​Digital Colony Partners and EQT Infrastructure IV Fund on their consortium’s US$14.3-billion agreement to acquire and recapitalize Zayo Group Holdings, Inc.

​​Kinder Morgan Canada Limited on its C$1.8-billion acquisition by Pembina Pipeline Corporation.

​Intact Financial Corporation on its C$1-billion acquisition of The Guarantee Company of North America and Frank Cowan Company Limited and related C$401-million bought deal public offering.

​Canadian counsel to Heartland Generation Ltd., an affiliate of Energy Capital Partners, on its C$835-million acquisition of Canadian Utilities Ltd.’s natural gas and coal electricity generation interests in Alberta, B.C. and Ontario.

​Cronos Group on its US$300-million acquisition of Redwood Holding Group.

​Deka Immobilien on its €345-million acquisition of the 69-storey Stantec Tower in the Ice District of Edmonton, Alberta.

​Atlantic Gold Corporation on its C$802-million sale to St Barbara Limited.

​Bentall Kennedy (Canada) Limited Partnership on its acquisition of 1250 René-Lévesque from Oxford Properties Group Inc. and PSP Investment Board.

Hudson’s Bay Company in connection with a proposal from a shareholder group led by the executive chairman to privatize the company.

WestJet on its proposed acquisition by Onex for approximately C$5-billion.​

Starlight U.S. Multi-Family (No. 5) Core Fund on the US$1.4-billion acquisition by Tricon Capital Group In​c. of all of the partnership units of the Fund, resulting in the acquisition of the Fund's portfolio of 23 multi-family properties totalling 7,289 units located primarily in the U.S. Sun Belt.

ENMAX Corporation on its US$1.3-billion acquisition of Emera Inc.’s interest in Emera Maine.

The Descartes Systems Group Inc. on the C$330-million acquisition of Visual Compliance, a software solutions and services company. 

CREIT on its security-holder-approved and court-approved arrangement transaction pursuant to which it combined with Choice Properties REIT to create Canada’s largest diversified REIT with a C$16-billion enterprise value.

Agrium Inc. on its proposed US$38-billion merger of equals with Potash Corporation of Saskatchewan Inc. to form Nutrien Ltd.

The Stars Group Inc. on its C$6-billion acquisition of Sky Betting & Gaming, together with related debt financings, resulting in the world’s largest public online gaming company.

Macquarie Infrastructure Partners III L.P. on the sale of its private equity investment in the C$5.125-billion recapitalization of GFL Environmental Inc.

Kinder Morgan Canada on its proposed C$4.5-billion sale of the Trans Mountain Pipeline system and expansion project to the Government of Canada.

Cronos Group Inc. in connection with the C$2.4-billion strategic equity investment in Cronos Group by Altria Group, Inc.

SOL Investments Limited on its C$1.57-billion sale of 75 per cent of SOL to Parkland Fuel.

Nevsun Resources Ltd. on its proposed C$1.5-billion acquisition by Lundin Mining Corp. and Euro Sun Mining Inc.

Gypsum Management & Supply, Inc. on its C$800-million acquisition of WSB Titan from TorQuest Partners.

The Toronto-Dominion Bank on its C$792-million proposed acquisition of Greystone Capital Management Inc. 

PayPal Holdings, Inc. on its US$400-million acquisition of Hyperwallet Systems Inc.

Algonquin Power & Utilities Corp. on its C$331-million acquisition of Enbridge Gas New Brunswick, Inc.

Maverix Metals Inc. on its purchase of 54 royalties from Newmont Mining Corporation for 60 million common shares, 10 million warrants and US$17-million.

Shell Canada Energy on the purchase by Petronas-owned North Montney LNG Limited Partnership of a 25 per cent stake in the LNG Canada project JV from Shell, PetroChina Kitimat LNG Partnership and Kogas Canada LNG Ltd. (subject to regulatory approvals and closing)

Cenovus Energy Inc. on its C$17.7-billion acquisition of assets from ConocoPhillips.

Pembina Pipeline Corporation on its proposed US$9.7-billion acquisition of Veresen Inc.

DigitalGlobe, Inc. in connection with its US$3-billion acquisition by MacDonald, Dettwiler & Associates to form Maxar Technologies Ltd.

CCCC International Holding Limited in connection with its proposed C$1.51-billion acquisition of Aecon Group Inc.

Delek Group Ltd. on its C$830-million acquisition of Ithaca Energy Inc., which values Ithaca’s enterprise at C$1.68-billion.

CI Financial Corp. on its C$780-million acquisition of Sentry Investments Corp. 

Kinross Gold Corporation on the sale of its 25 per cent interest in the Cerro Casale project and 100 per cent interest in the Quebrada Seca project to Goldcorp Inc. for US$300-million in cash, the assumption by Goldcorp of a US$20-million payment obligation and the issuance of a 1.25 per cent Goldcorp royalty relating to such projects.

Nextview New Energy Lion Hong Kong Limited on the purchase of all shares of Vancouver-listed company Lithium X Energy Corp. for C$265-million.

Audax Capital in connection with the leveraged buyout of Altasciences Company, Inc.

Lavazza S.p.A. on its acquisition of Kicking Horse Coffee Co. Ltd.

Intrawest Resorts Holdings, Inc. on its acquisition by a newly formed entity controlled by affiliates of the Aspen Skiing Company, L.L.C. and KSL Capital Partners, LLC.

TransCanada Corporation on its US$13-billion acquisition of Columbia Pipeline Group, Inc.

Suncor Energy Inc. on its purchase of all of the shares of Canadian Oil Sands Limited valued at C$6.6-billion.

Sagard Holdings and Fairfax Financial on their US$575-million acquisition of the business of  Performance Sports Group Ltd.

Cerberus Capital Management LP on its acquisition of automotive parts supplier ABC Group Inc.

Husky Energy on their C$1.7-billion sale of 65 per cent of certain midstream assets to Cheung Kong Infrastructure Holdings Limited and Power Assets Holding Limited (three other law firms also advised Husky)

The Bank of Nova Scotia on the sale of the business and assets of Roynat Lease Finance, a division of its subsidiary Roynat Inc., to Meridian Credit Union Limited.

Capstone Infrastructure Corporation on iCON Infrastructure Partners III's acquisition of Capstone for approximately C$480-million.

The executive chairman of Halogen Software Inc. in connection with its pending MBO/LBO transaction.

Mackenzie Investments, a subsidiary of IGM Financial Inc., on its acquisition of 13.9 per cent interest in China Asset Management Co., Ltd. for C$647-million.

Johnson Electric Holdings Limited on its C$800-million acquisition of Stackpole International.

Cenovus Energy Inc. on the sale of its wholly owned subsidiary Heritage Royalty Limited Partnership to Ontario Teachers’ Pension Plan for C$3.3-billion.

Element Financial Corporation on its US$8.6-billion acquisition of the U.S., Mexico, Australia and New Zealand fleet businesses of GE Capital Fleet Services, a division of GE Capital Corporation.

UnitedHealth Group on its subsidiary OptumRx’s US$12.8-billion combination with Catamaran Corporation.

Trinidad Drilling Ltd. on its C$505-million acquisition of CanElson Drilling Inc.

The Board of Directors of Talisman Energy Inc. on Repsol S.A.’s acquisition of Talisman for approximately US$13-billion.

Bell on its C$670-million acquisition of Glentel Inc. and subsequent sale of a 50 per cent interest in Glentel Inc. to Rogers Communications Inc.

PrairieSky Royalty Ltd. on its acquisition of Range Royalty Limited Partnership for approximately
C$699-million.

Aegon Canada ULC on its sale of its Canadian operations for C$600-million to Wilton Re Holdings, a subsidiary of Canadian Pension Investment Board.

International Flavors & Fragrances Inc. on its acquisition of Lucas Meyer Cosmetics, a business of Unipex Group.

Canadian Western Bank on the proposed sale of its property and casualty insurance subsidiary Canadian Direct Insurance Inc. to Intact Financial Corporation for C$197-million.

KUFPEC Canada Inc. on its acquisition of Chevron Canada Limited’s 30 per cent interest in its Duvernay shale play for US$1.5-billion.

Intrawest Resort Holdings on its C$58-million acquisition of the remaining 50 per cent interest in Blue Mountain Ski Resort in Ontario. 

Standard Life plc on the sale of its Canadian business to Manulife for C$4-billion. 

Pembina Pipeline on its US$650-million purchase of the Alberta Vantage pipeline (from Bakken, North Dakota, to Empress, Alberta) and an interest in Mistral Midstream's Saskatchewan ethane extraction plant. 

Bell Aliant Inc. and Bell Aliant Preferred Equity Inc., and the special committee of the board of directors of each, on BCE Inc.’s C$4-billion privatization of Bell Aliant. 

Element Financial Corporation on its US$5-billion acquisition of the PHH Arval vehicle fleet management services business. 

Canadian Tire Corporation, Limited on its sale to Scotiabank of a 20 per cent interest in its financial services business for C$500-million. 

CanEra Energy Corp. on its C$1.1-billion acquisition by Crescent Point Energy Corp.

The Special Committee of Coastal Contacts Inc. on its C$430-million acquisition by Essilor International. 

Overwaitea Food Group on its purchase of 15 store locations in British Columbia and Alberta from Sobeys Inc.

Liberty Metals & Mining in connection with its joint acquisition, together with Altius Minerals Corporation and others, of C$460-million of coal and potash royalty assets, sold by Sherritt International Corporation as part of its aggregate C$946-million divestiture of assets.

Compañía Española de Petróleos, S.A.U. (CEPSA) and Strategic Resources (Global) Limited in connection with the acquisition of Coastal Energy Company, a transaction valued at C$2.3-billion. 

Co-counsel to BlackBerry Limited in connection with a US$4.7-billion acquisition proposal from Fairfax Financial Holdings Limited and its US$1-billion private placement of convertible debentures to Fairfax and other institutional investors. 

The Special Committee of Patheon Inc. on its sale to a joint venture established by its significant shareholder JLL Partners and Koninklijke DSM N.V. for US$2-billion. 

Novus Energy Inc. on its acquisition by Yanchang Petroleum International Limited, a state-owned Chinese energy company.

Maple Leaf Foods on the C$645-million sale of its Rothsay rendering and biodiesel business to Darling International Inc.

Capstone Infrastructure Corporation on its acquisition of Renewable Energy Developers Inc.

Borealis Infrastructure and LifeLabs Medical Laboratory Services in connection with LifeLabs' acquisition of CML Healthcare Inc., a transaction valued at approximately C$1.22-billion. Lifelabs is indirectly owned by OMERS Administration Corporation, whose interest is managed by Borealis Infrastructure.

Safeway Inc. on the sale of its Canadian operations to Sobeys Inc. for C$5.8-billion.

Capstone Mining Corp. on its C$650-million acquisition of the Pinto Valley copper mine and the associated San Manuel Arizona Railroad Company in Arizona, U.S.A,, from BHP Copper Inc., a subsidiary of BHP Billiton Ltd.

Aurizon Mines Ltd. in connection with its defence of a hostile take-over bid by Alamos Gold which resulted in a proposed C$796-million acquisition of Aurizon by Hecla Mining Company.

H&R REIT on its C$2.75-billion acquisition of Primaris Retail REIT and subsequent agreement to sell a portfolio of 18 Primaris properties to a syndicate led by KingSett Capital for C$1.28-billion. 

ENMAX Corporation on Capital Power’s acquisition of an initial equity interest and joint venture in the C$1.4-billion Shepard Energy Centre, an 800 MW natural-gas-fired power-generation project located in Calgary, Alberta.

The Brick Ltd. on its acquisition by Leon's Furniture Limited in a deal valued at C$700-million.

ExxonMobil Canada Ltd. on its acquisition of Celtic Exploration Ltd. for C$3.1-billion.

Nord Gold N.V. on its insider bid to acquire the minority interest in High River Gold Ltd., in a deal valuing High River at US$1.2-billion.

CGA Mining Limited on its C$1.1-billion acquisition by B2Gold Corporation.

Agrium Inc. on its C$915-million disposition of Viterra's interest in Canadian Fertilizer Limited's nitrogen production facilities to CF Industries.

Nexen Inc. on its C$15.1-billion acquisition by CNOOC Limited. 

The Special Committee of Extorre Gold Mines on its C$414-million sale to Yamana Gold.

Bell, a member of the investor group, on the acquisition of Canadian data centre operator Q9 Networks Inc. in a transaction valued at C$1.1-billion.

Kinross Gold Corporation on the sale of its 50 per cent interest in the Crixas mine to AngloGold Ashanti Limited for US$220-million.

TransGlobe Apartment Real Estate Investment Trust on its acquisition by PD Kanco LP and Starlight Investments Ltd. valued at C$2-billion.

Varicent Software Incorporated, a leading provider of analytics software for compensation and sales performance management, on its sale by way of plan of arrangement to IBM Corporation.

Vault Acquisition Corporation, a subsidiary of Twitter Inc., in the purchase of all the issued and outstanding shares of Context Media Technologies Inc., the Vancouver-based creator of the social media aggregation software referred to as "Summify." 

Pembina Pipeline Corp. on its C$3.2-billion acquisition of Provident Energy Ltd., an Alberta-based open-ended energy income trust and an oil and gas exploration and production company.

McKesson Canada Corp., a unit of McKesson Corporation, on its C$920-million acquisitions of the banner and franchised retail pharmaceutical businesses of Katz Group Canada Inc.

Caterpillar Inc. on the approximately C$465-million sale of part of the former Bucyrus International sales, service and support business to Finning International Inc. Finning is the world’s largest Caterpillar dealer and operates in South America, the U.K. and Western Canada. 

SilverBirch Energy Corporation on its acquisition by Teck Resources Limited valued at C$435-million. 

Gennum Corporation on its C$500-million acquisition by Semtech Corporation.

Bell and Rogers Communications Inc. on their acquisition of a net 75 per cent ownership position in Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs NHL hockey franchise, Toronto Raptors NBA basketball franchise and Toronto FC MLS soccer franchise.

Quadra FNX Mining Ltd. on the C$3.5-billion acquisition of Quadra FNX by KGHM Polska.

Daylight Energy Ltd. on its C$2.2-billion acquisition by China Petrochemical Corporation, known as Sinopec Group.

Platform Computing Corporation on its sale by way of plan of arrangement to IBM Corporation.  

Intact Financial Corporation on its sale of AXA Canada's life insurance business to SSQ, Life Insurance Company Inc. for C$300-million.

Special Committee of Hathor Exploration Ltd. in response to the unsolicited offer made by Cameco Corporation for Hathor shares valued at US$520-million. 

Intact Financial Corporation, Canada’s leading property and casualty insurance company, on its C$2.6-billion acquisition of the Canadian insurance businesses of AXA SA.

Maple Group Acquisition Corporation, as co-counsel in connection with its offer to acquire TMX Group Inc. in a transaction valued at C$3.7-billion. 

The Forzani Group Ltd. on its C$771-million acquisition by Canadian Tire Corporation, Limited. 

Capstone Mining Corp. on its C$725-million acquisition of Far West Mining Ltd. 

Cliffs Natural Resources Inc. on its C$4.9-billion acquisition of Consolidated Thompson Iron Mines Ltd.

The Special Committee of Lundin Mining Corporation on its merger with Inmet Mining Corporation to form a combined C$9-billion company to be named Symterra Corp.

Suncor Energy Inc. on its purchase and sale of interests in the Fort Hills and Joslyn mining projects and in the Voyageur (U3) upgrader with Total E&P Canada Ltd., and on related development and operating agreements.

DALSA Corporation on its C$341-million acquisition by Teledyne Technologies Incorporated. 

Jacobs Engineering Group Inc. on its US$675-million acquisition of the majority of the Process and Construction business of Aker Solutions ASA. 

Merek KGaA on the sale of EMD/Merck Crop BioScience Inc. to Novozymes A/S. 

NovaGold Resources Inc. on its C$32-million take-over bid to acquire Copper Canyon Resources Ltd. 

Ascent Media Corporation on its acquisition of Monitronics International, Inc. 

PTT Exploration and Production Public Company Limited on its US$2.28-billion acquisition of a 40 per cent partnership interest in Statoil Canada Partnership, whose main asset is the Kai Kos Dehseh oil sands project in Canada. 

Bentall Kennedy (Canada) LP on its acquisition for its pension fund and institutional clients of Canadian Western Bank Place and Enbridge Tower from Brookfield Properties, CPP Investment Board and AIMCo. 

Equinox Minerals Limited on its A$1.2-billion offer to acquire Citadel Resource Group Limited. 

Ludia Inc. on the sale of its 51 per cent stake to FremantleMedia, Ltd.

Jinchuan Group Ltd. on its C$384-million acquisition of Continental Minerals Corporation.

BHP Billiton on its US$40-billion offer to acquire Potash Corporation of Saskatchewan. 

Talison Lithium Limited in connection with its C$47.9-million acquisition and related C$40-million private placement of Salares Lithium Inc., and concurrent TSX listing, to form a C$327.4-million TSX-listed lithium producer. 

Aryzta AG in connection with the Canadian aspects of its C$1.08-billion acquisition of Fresh Start Bakeries.  

Torstar Corporation on its acquisition of Travelalerts. 

Red Back Mining Inc. on its US$7.3-billion acquisition by Kinross Gold Corporation. 

Ball Corporation on its acquisition of the North American operations of Neuman Aluminum Austria Gmbh. 

UTS Energy Corporation on its C$1.5-billion plan of arrangement with Total E&P Canada Ltd. whereby Total will acquire UTS Energy. 

Biovail Corporation on its US$8-billion merger with U.S. public company Valeant Pharmaceuticals International.

Cliffs Natural Resources Inc. on its US$107-million acquisition of Spider Resources Inc.

Sinopec International Petroleum Exploration and Production Corporation on its C$4.65-billion purchase of ConocoPhillips' interest in the Syncrude joint venture. The Syncrude joint venture is the largest oil sands venture in the world, which includes surface mining, extraction and upgrading, and has been in production for over 30 years.  

Quadra Mining Ltd. on its merger with FNX Mining Company to form a US$3.5-billion copper company. 

Macquarie Long Term Care LP on the sale of ownership interests in the Leisureworld seniors housing business to Leisureworld Senior Care Corporation in connection with the initial public offering of Leisureworld Senior Care Corporation.

Open Text Corporation on its C$35-million acquisition of Nstein Technologies Inc.

Oakville Hydro Corporation on the sale of its wholly owned subsidiary, Blink Communications Inc., to Rogers Communications Inc.

Kinross Gold Corporation in connection with the US$368-million acquisition of the Dvoinoye deposit and the Vodorazdelnaya property in Russia. 

Goldgroup Resources Inc. on its C$15-million option to acquire a 70 per cent interest in the Caballo Blanco Project from NGEx Resources Inc.

Nestle S.A. on its US$3.7-billion acquisition of Kraft Foods' North American frozen pizza business.