Representative Work Representative Work

AmacaThera in its licensing agreement with Pacira Biosciences for US$230 million

On November 4, 2025, AmacaThera announced that it signed an exclusive global licensing agreement with Pacira Biosciences for up to US$230 million, validating its tunable drug delivery platform. AmacaThera is a leading developer of next-generation hydrogel-based drug delivery solutions. Using a...

Lead Office: Toronto Date Announced: November 4, 2025 Value: US$230 million

Beacon Software in its US$250-million Series B financing

On November 4, 2025, Beacon Software announced that it secured US$250 million in Series B financing. This round was led by General Catalyst, D1 Capital and Lightspeed Venture Partners and saw participation from BDT & MSD Partners, Chris Rogers (CEO of Instacart) and Sator Grove. With this new...

Lead Office: Toronto Date Announced: November 4, 2025 Value: US$250 million

Xanadu in its cross-border de-SPAC transaction

On November 3, 2025, Xanadu Quantum Technologies Inc. (Xanadu) announced its going-public transaction by way of a business combination with Crane Harbor Acquisition Corporation (Crane Harbor), a special-purpose acquisition corporation (SPAC) listed on the Nasdaq Stock Market. The transaction...

Lead Office: Toronto Date Announced: November 3, 2025 Value: US$3 billion

First Nations Finance Authority in its $435-million offering of Senior Secured Bonds

On October 27, 2025, the First Nations Finance Authority (FNFA) completed an additional offering of $435 million in aggregate principal amount of 1.71% Senior Secured Bonds, Series 2020-1, due June 16, 2030. The offering was made through an underwriting syndicate comprised of National Bank...

Lead Office: Toronto Date Closed: October 27, 2025 Value: $435 million

Farm Credit Canada in its investment in Maple Bridge Ventures

On October 28, 2025, Maple Bridge Ventures announced the successful close of $10.2 million for its debut fund — Canada’s first institutional-grade investment vehicle dedicated to immigrant-led technology entrepreneurs, a group typically underserved by traditional investment solutions. The...

Lead Office: Vancouver Date Announced: October 28, 2025 Value: $10.2 million

Paine Schwartz Partners–backed HGS BioScience in its acquisition of NutriAg

On October 21, 2025, Paine Schwartz Partners–backed HGS BioScience announced it had acquired NutriAg Ltd., a Toronto-based innovator in bionutritional technologies. The combinations brings together HGS’s strength in humic acid-based products, U.S. market presence, and vertically...

Lead Office: Toronto Date Announced: October 21, 2025 Value: --

Nelnet Inc. in its agreement to acquire the student loan servicing business of Finastra in Canada

On October 23, 2025, Nelnet Inc., along with its wholly owned subsidiary Nelnet Canada, Inc., announced its agreement to acquire Finastra Holdings Limited’s Canadian student loan servicing business. Finastra’s Canadian student loan servicing business is...

Lead Office: Toronto Date Announced: October 23, 2025 Value: --

Kompliant in its acquisition by LegitScript

On October 27, 2025, Kompliant Inc. announced that it was acquired by LegitScript. This acquisition enhances LegitScript’s position as a leading provider of risk intelligence and compliance solutions. Kompliant Inc. is an emerging platform designed for financial institutions. Osler,...

Lead Office: Toronto Date Announced: October 27, 2025 Value: --

Cybrid in its $10-million Series A financing

On October 22, 2025, Cybrid Technology announced it completed a $10-million Series A funding round led by the Growth Venture Fund at BDC Capital with participation from Golden Ventures, Luge Capital and Panache Ventures. This financing will accelerate Cybrid’s mission to drive stablecoins as the...

Lead Office: Toronto Date Announced: October 22, 2025 Value: $10 million

Spring Impact Capital in its $14-million venture capital fund close

On October 15, 2025, Spring Impact Capital announced the successful close of its $14-million venture capital fund with investment from Spring Activator, Social Finance Fund-backed Boann as well as Realize Capital Partners, the United Church of Canada Foundation, First West Credit Union, Rally...

Lead Office: Vancouver Date Announced: October 15, 2025 Value: $14 million