Representative Work Representative Work

ESC Corporate Services in its acquisition of Paragon

On July 29, 2020, Information Services Corporation (ISC) announced that its wholly owned subsidiary, ESC Corporate Services Ltd. (ESC) has executed a purchase agreement to acquire Paragon Inc. for $70 million. The acquisition of Paragon’s assets will strengthen ESC’s offering...

Lead Office: Toronto Date Closed: August 1, 2020 Value: $70 million

Lenders in Berkshire Partners’ acquisition of VetStrategy

On July 31, 2020, Berkshire Partners completed its acquisition of VetStrategy with a deal value of over $1 billion. The acquisition will allow VetStrategy to further invest in their network of clinics across Canada and provide the flexibility to continue to grow through acquisitions in the coming...

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

Royal Bank of Canada in its inaugural Additional Tier 1 offering of $1.75 billion

On July 15, 2020 Royal Bank of Canada (RBC) announced its inaugural Additional Tier 1 (AT1) offering of Limited Recourse Capital Notes at $1.75 billion. This offering represents the first issuance of a new form of AT1 capital instrument using a novel structure pioneered by RBC and the Osler team...

Lead Office: Toronto Date Closed: July 28, 2020 Value: $1.75 billion

BluEarth in its power purchase agreements with Bullfrog Power, RBC and Shell Energy North America (Canada)

In July, 2020, BluEarth Renewables signed power purchase agreements (PPAs) with Bullfrog Power and Royal Bank of Canada. The PPAs directly supported the construction of BluEarth’s new utility-scale solar project, the 39 MW AC Burdett and Yellow Lake Solar Project. The project is...

Lead Office: Calgary Date Closed: July 28, 2020 Value: -

Fable in its $2 million Seed financing round

On July 27, 2020, Fable announced a $2 million Seed financing round led by Disruption Ventures. The financing will help Fable grow its team, build strategic partnerships, and develop new products. Fable tests organizations’ websites, apps and software to ensure that they’re...

Lead Office: Toronto Date Closed: July 27, 2020 Value: $2 million

Greater Toronto Airports Authority in its successful 2020 $6.9 billion bondholder consent solicitation

On July 23, 2020, the Greater Toronto Airports Authority (GTAA) successfully completed its $6.9 bondholder consent solicitation. The solicitation saw 94.55% of bondholders support an amendment to the Indenture governing the GTAA’s capital markets and bank indebtedness which...

Lead Office: Toronto Date Closed: July 23, 2020 Value: $6.9 billion

CryptoNumerics in its acquisition by Snowflake

On July 20, 2020, CryptoNumerics announced that it has been acquired by Snowflake. CryptoNumerics’ CN-Protect enables enterprises to create a privacy-protected dataset where privacy risk has been balanced with data quality using AI and differential privacy. CryptoNumerics is a...

Lead Office: Toronto Date Closed: July 20, 2020 Value: -

Fairhaven Pharmaceuticals in its acquisition by Liminal BioSciences

On July 17, 2020, Fairhaven Pharmaceuticals announced that it has been acquired by Liminal BioSciences. The acquisition includes Fairhaven’s preclinical research program of small molecule antagonists. Investigational therapies developed in the R&D program target a key...

Lead Office: Toronto Date Closed: July 17, 2020 Value: -

The Underwriters in Dye & Durham’s $150 million IPO and secondary offering of common shares

On July 17, 2020, Dye & Durham Limited completed its initial public offering and secondary offering of common shares with gross proceeds of $150 million. Dye & Durham will receive $127.5 million of the gross proceeds and the selling shareholders will receive $22.5 million. In...

Lead Office: Calgary Date Closed: July 17, 2020 Value: $150 million

TPG in its submission of a stalking horse bid for Cirque du Soleil’s assets in partnership with Fosun, Caisse de dépôt et placement du Québec and Investissement Québec

On June 29, 2020, TPG, Fosun and Caisse de dépôt et placement du Québec (the Consortium) announced they have partnered with Investissement Québec and submitted a fully committed, fully financed “stalking horse bid” proposal to acquire substantially all of the assets of Cirque du Soleil...

Lead Office: Montreal Date Closed: July 16, 2020 Value: -