International Tax

Bank of Montreal in its US$16.3 billion acquisition of Bank of the West

On December 20, 2021, Bank of Montreal announced the signing of a definitive agreement with BNP Paribas to acquire Bank of the West for a cash purchase price of US$16.3 billion. On closing, the acquisition will bring nearly 1.8 million customers to BMO and extends its banking presence in key U.S....

Lead Office: Toronto Date Closed: February 1, 2023 Value: US$16.3 billion

TELUS International in its US$1.225 billion acquisition of WillowTree

On October 27, 2022, TELUS International and TELUS Corporation announced they had entered into a definitive agreement to acquire WillowTree, a premier, full-service digital product provider focused on end user experiences, such as native mobile applications and unified web interfaces. Under...

Lead Office: Toronto Date Closed: -- Value: US$1.225 billion

Kudu Investment Management in its minority stake in Third Eye Capital

On September 9, 2021, Kudu Investment Management acquired a minority stake in Third Eye Capital and its affiliates. The transaction marks Kudu’s first investment in Canada and will allow Third Eye to enhance its alignment with clients and launch new funds. Kudu Investment Management...

Lead Office: Toronto Date Closed: September 9, 2021 Value: -

Wealthsimple in its $750 million financing

On May 3, 2021, Wealthsimple announced its $750 million financing round at a post-money valuation of $5 billion. The financing round is led by Meritech and Greylock. The capital raised in the financing round will be used to further expand its market position, build out its product...

Lead Office: Toronto Date Closed: May 3, 2021 Value: $750 million

Verafin in its US$2.75 billion acquisition by Nasdaq

On November 19, 2020, Nasdaq and Verafin announced they have entered into a definitive agreement through which Nasdaq will acquire Verafin for US$2.75 billion. The acquisition will combine Verafin’s anti-financial crime management products with Nasdaq’s reach and regulatory...

Lead Office: Toronto Date Closed: February 11, 2021 Value: US$2.75 billion

IPO of MindBeacon Holdings Inc.

On December 17, 2020, MindBeacon priced its initial public offering consisting of a treasury offering of 8,125,000 common shares at a price of $8.00 per common share for aggregate gross proceeds of $65 million and a secondary offering of approximately $10 million. The common shares began...

Lead Office: Montreal Date Closed: December 23, 2020 Value: $65 million

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

ClearBanc in its US$70 million in Seed and Series A financing

On November 12, 2018, Clear Finance Technology Corp. (“Clearbanc”) raised US$70 million in Seed and Series A funding. Clear Finance Technology Corp will use the proceeds to grow the business. Clear Finance Technology Corp provides financial and banking services which includes managing...

Lead Office: Toronto Date Closed: November 12, 2018 Value: US$70 million

Whistler Blackcomb Holdings Inc. in its $1.4 billion acquisition by Vail Resorts

On October 17, 2016, Whistler Blackcomb Holdings Inc. and Vail Resorts, Inc. completed an agreement pursuant to which Vail Resorts acquired 100 percent of the stock of Whistler Blackcomb, whose shareholders received C$17.50 per share in cash and 0.0998 shares of Vail Resorts common stock. For...

Lead Office: Toronto Date Closed: October 17, 2016 Value: $1.4 billion