Representative Work Representative Work

Tealbook in its US$14.4 million Series A financing round

On January 26, 2021, it was announced that Tealbook completed its US$14.4 million Series A financing led by RTP Global. The startup, which has experienced significant growth in demand for its data products due to COVID-19, plans to use the new capital to invest in product development, data...

Lead Office: Toronto Date Closed: January 26, 2021 Value: US$14.4 million

First Nations Finance Authority’s financing of a coalition of Mi'kmaq First Nations participating in the acquisition of Clearwater Seafoods

On November 9, 2020, Clearwater Seafoods announced it had entered into a definitive agreement with FNC Holdings Limited Partnership, representing a coalition of Mi'kmaq First Nations, and Premium Brands Holdings, pursuant to which FNC Holdings Limited Partnership and Premium Brands...

Lead Office: Vancouver Date Closed: January 25, 2021 Value: $537 million

Textron Inc. in its sale of TRU Simulation Inc + Training Inc., to CAE Inc. for US$40 million

On January 25, 2021, Textron Inc. completed its sale of its subsidiary TRU Simulation + Training Inc., to CAE Inc for US$40 million. The transaction includes the sale of certain non-U.S. businesses to CAE Inc., and includes Textron’s Montreal manufacturing operations, as well as ETOPS entities in...

Lead Office: Montreal Date Closed: January 25, 2021 Value: US$40 million

First Nations Finance Authority in its $354 million offering of Senior Secured Bonds

On January 25, 2021, First Nations Finance Authority (“FNFA”) completed its offering of an additional $354 million aggregate principal amount of 1.71% Senior Secured Bonds due June 2030. The offering was made through an underwriting syndicate comprised of National Bank Financial...

Lead Office: Toronto Date Closed: January 25, 2021 Value: $354 million

Canadian Business Growth Fund in Paystone’s financing

On January 21, 2021, Paystone announced the closing of $69 million in strategic financing, led by Canadian Business Growth Fund (CBGF) and National Bank of Canada. The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. The funding...

Lead Office: Toronto Date Closed: January 21, 2021 Value: $69 million

BP p.l.c. in Kaynes v BP

On January 20, 2021 the Court of Appeal for Ontario released its decision in Kaynes v BP, effectively ending a decade-long securities class action. This action arose from the Deepwater Horizon oil rig explosion in 2010, with the plaintiff claiming that Canadian BP shareholders suffered...

Lead Office: Toronto Date Closed: January 20, 2021 Value: -

Inovia Capital in Rewind’s US$15 million Series A Financing

On January 19, 2021, Rewind completed its US$15 million Series A financing round led by Inovia Capital. This funding will help Rewind to continue its expansion building its backup-as-a-service (BaaS) support for business-critical SaaS applications. Rewind will use the capital to protect...

Lead Office: Toronto Date Closed: January 19, 2021 Value: US$15 million

Prodigy in its $159-million financing

On January 12, 2021, Prodigy announced a $159-million financing round led by TPG Capital and the Canadian Business Growth Fund. Proceeds from the round will be used to help bolster the advancement of the startup’s Math Game, and strengthen its tutoring offering. Prodigy is an online company,...

Lead Office: Toronto Date Closed: -- Value: $159 million

City of Toronto in connection with Union Station Litigation

Osler has been retained by the City of Toronto, the owner of Union Station, to advise and represent the City in multiple complex construction litigation matters resulting from several multi-year projects relating to the revitalization and enhancement of Union Station. These projects...

Lead Office: Toronto Date Closed: -- Value: $665 million

Element AI in its acquisition by ServiceNow

On January 8, 2021, ServiceNow completed its acquisition of Element AI. The acquisition of Element AI is ServiceNow's latest strategic investment to accelerate AI innovation in its Now Platform. The transaction will allow ServiceNow to establish an AI Innovation Hub in Canada and...

Lead Office: Montreal Date Closed: January 8, 2021 Value: -