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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

KingSett Capital in its sale of VersaCold Logistics to TorQuest Partners

On December 16, 2020, TorQuest Partners announced its acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoe Cambridge along with various significant lease transactions and lease disputes. TorQuest partnered with The Investment Management Corporation of Ontario (IMCO) and...

Lead Office: Toronto Date Closed: December 16, 2020 Value: -

Neo Financial in its $50 million financing round

On December 16, 2020, Neo Financial announced it has raised $50 million in total financing. The funding is comprised of a $25 million Series A round led by Valar Ventures and another $25 million debt facility from ATB Financial. The funding will be used to expand the company’s current...

Lead Office: Toronto Date Closed: December 16, 2020 Value: $50 million

Haivision Systems Inc. in its Initial Public Offering

On December 16, 2020, Haivision Systems Inc. closed its initial public offering consisting of a treasury offering of 5,750,000 common shares at a price of $6.00 per common share for aggregate proceeds of  $34.5 million. The common shares began trading on the Toronto Stock Exchange on...

Lead Office: Montreal Date Closed: December 16, 2020 Value: $34.5 million

EllisDon Capital Inc. and Coco Paving Inc. in their successful bid on the $314 million QEW Credit River Bridge Project

On December 16, 2020, EllisDon Capital Inc. and Coco Paving Inc., members of the EDCO consortium, reached financial close on their successful bid on the $314 million QEW Credit River Bridge Project in Ontario. The project is being procured by Infrastructure Ontario and the Ministry of...

Lead Office: Toronto Date Closed: December 16, 2020 Value: $314 million

DarwinAI in its financing round

On December 15, 2020, DarwinAI announced a funding round led by Honeywell Ventures, including participation form ACVC Partners, REDDS Capital, existing investors and multiple angel investors. The financing round extends a previously announced seed round. The investment allows for deep...

Lead Office: Toronto Date Closed: December 15, 2020 Value: -

Canadian Counsel to the Underwriters in connection with AbCellera’s IPO and Listing on the NASDAQ

On December 15, 2020, AbCellera Biologics Inc. (“AbCellera”) announced the closing of its initial public offering of common shares (“Common Shares”) and listing on the NASDAQ Global Select Market (the “IPO”) under the symbol “ABCL”. In...

Lead Office: Montreal Date Closed: December 15, 2020 Value: US$555.5 million