Investment Management

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: -

OPTrust in USS’ 50% stake in Bruc Energy

On May 17, 2021, the Universities Superannuation Scheme (USS), the largest private pension scheme in the UK, acquired a 50% stake in Bruc Energy. The $281 million investment will grant USS a stake in a 4GW pipeline of solar photovoltaic farms. The partnership will help Bruc Energy become...

Lead Office: Toronto Date Closed: May 17, 2021 Value: -

Purpose Financial in its $53.5 million investment by Allianz X

On February, 26, 2021, Allianz X completed its $53.5 million investment in Purpose Financial. The proceeds from the investment will be used to accelerate growth and expand product development, and is the first step in a strategic cooperation between Purpose Financial and Allianz X to...

Lead Office: Toronto Date Closed: February 26, 2021 Value: $53.5 million

Ontario Teachers’ Pension Plan Board in Intact Financial Corporation’s acquisition of RSA Insurance Group

On November 12, 2020, Intact Financial Corp. announced that it had entered into subscription agreements with Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board to provide financing totaling $3.2 billion to support Intact’s...

Lead Office: Toronto Date Closed: November 25, 2020 Value: $3.2 billion

MHR Fund Management LLC in Telesat Canada’s going public transaction

On November 24, 2020, Telesat Canada announced it entered into an agreement with Loral Space & Communications Inc. (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a...

Lead Office: Calgary Date Closed: November 24, 2020 Value: -

Richardson Financial Group in the sale of Richardson GMP to GMP Capital Inc.

On October 20, 2020, GMP Capital (GMP) consolidated its ownership of Richardson GMP Limited (Richardson GMP). Pursuant to a definitive purchase agreement dated August 13, 2020, as amended, between GMP and Richardson Financial Group Limited, GMP acquired all of the shares of Richardson GMP that it...

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

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: -

Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments

On April 3, 2018, Greengate Power Corporation announced that it has secured a multi-year, $100 million equity commitment from Fengate Real Asset Investments to jointly pursue the development and acquisition of projects in Alberta, Canada, with the potential to expand across North...

Lead Office: Calgary Date Closed: April 3, 2018 Value: $100 million

AltaCorp Capital Inc., financial advisor to CanniMed Therapeutics in connection with the acquisition by Aurora Cannabis Inc.

On January 24, 2018, Aurora Cannabis Inc. (“Aurora”) announced it has entered into a support agreement whereby Aurora will acquire all of the issued and outstanding shares of CanniMed Therapeutics Inc. (“CanniMed”) not owned by Aurora. The total consideration for...

Lead Office: Toronto Date Closed: January 24, 2018 Value: $1.1 billion

MHR Fund Management LLC in connection with its acquisition of a controlling interest in an Alberta corporation by way of subscriptions for preferred stock

On January 22, 2018, an investment vehicle affiliated with MHR Fund Management LLC (“MHR”), a New York based private equity investment firm, closed its acquisition of a controlling interest in an Alberta corporation by way of subscriptions for preferred stock. Osler, Hoskin...

Lead Office: Calgary Date Closed: January 22, 2018 Value: -