Cross-border Transactions Cross-border Transactions

Apollo Global Management, Inc. and BC Partners in connection with their agreement to buy GFL Environmental Inc.’s environmental services business valued at $8 billion

On January 7, 2025, GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL) announced it has entered into a definitive agreement (the Transaction Agreement) with funds managed by affiliates of Apollo (Apollo Funds) and BC Partners (BC Funds) for the sale of its environmental services business, which...

Lead Office: Montreal Date Announced: January 7, 2025 Value: $8 billion

Boliden in its acquisition of the Neves-Corvo and Zinkgruvan mines for US$1.3 billion plus contingent payments

On December 9, 2024, Boliden announced that it had entered a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is US$1.3 billion plus contingent payments that can reach up to US$150...

Lead Office: Toronto Date Announced: December 9, 2024 Value: US$1.3 billion

Fusion Pharmaceuticals in its acquisition by AstraZeneca

On March 19, 2024, Fusion Pharmaceuticals announced that it entered into a definitive agreement to be acquired by AstraZeneca for a transaction value of approximately US$2.4 billion. Through this acquisition, AstraZeneca is taking a significant leap towards its goal of revolutionizing cancer...

Lead Office: Toronto Date Closed: -- Value: US$2.4 billion

M3-Brigade Acquisition III Corp. in its US$950-million business combination with Greenfire Resources Inc.

On December 15, 2022, M3-Brigade Acquisition III Corp. and Greenfire Resources Inc. announced they have entered a definitive agreement for a business combination valued at US$950 million. Upon completion of the transaction, Greenfire Resources Inc. will become the parent of the combined company,...

Lead Office: Calgary Date Closed: -- Value: US$950 million

VAALCO in its US$307 million business combination with TransGlobe

On October 14, 2022, VAALCO Energy completed its previously announced definitive arrangement agreement to acquire TransGlobe Energy in a stock-for-stock strategic business combination transaction valued at US$307 million. The combination of VAALCO and TransGlobe will create a world-class...

Lead Office: Toronto Date Closed: October 14, 2022 Value: US$307 million

Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation

On September 22, 2021, Apollo Global Management completed its acquisition of Great Canadian Gaming Corporation for a total value of $3.3 billion. Under the transaction, Apollo Funds acquired all the outstanding shares of Great Canadian for C$45 per share in cash. The transaction will enable Apollo...

Lead Office: Toronto Date Closed: September 22, 2021 Value: $3.3 billion

The Estée Lauder Companies Inc. in its agreement to increase its ownership in DECIEM Beauty Group Inc.

On February 23, 2021, The Estée Lauder Companies Inc. (ELC) announced that it has entered into an agreement to increase its investment in the Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. from approximately 29% to approximately 76%. ELC has agreed to purchase...

Lead Office: Toronto Date Closed: May 18, 2021 Value: US$2.2 billion

Entertainment One in its US$4 billion acquisition by Hasbro

On December 30, 2019, Hasbro and Entertainment One completed their agreement under which Hasbro acquired eOne in an all-cash transaction valued at approximately £3.3 billion or US$4 billion. Under the terms of the agreement, eOne shareholders will receive £5.60 in cash for each common share of...

Lead Office: Toronto Date Closed: December 30, 2019 Value: US$4 billion

Dream Global REIT in its $6.2 billion acquisition by Blackstone

On September 15, 2019, Dream Global REIT announced that it had entered into a master acquisition agreement with affiliates of real estate funds managed by Blackstone, pursuant to which Blackstone will acquire all of Dream Global’s subsidiaries and assets in an all-cash transaction valued at $6.2...

Lead Office: Toronto Date Closed: December 10, 2019 Value: $6.2 billion

Morgan Stanley in its acquisition of Solium Capital for $1.1 billion

On February 10, 2019, Morgan Stanley entered into a definitive agreement to acquire Solium Capital Inc. (TSX: SUM), a leading global provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance headquartered in Calgary for $1.1 billion. The acquisition will...

Lead Office: Toronto Date Closed: May 1, 2019 Value: $1.1 billion