On September 30, 2020, Dye & Durham Limited completed its $50 million bought deal private placement financing. The offering was led by Canaccord Genuity Corp. as bookrunner and included Scotia Capital Inc., INFOR Financial Inc., BMO Nesbitt Burns Inc. and Raymond James Ltd as underwriters. The proceeds from the offering will be used to indirectly fund Dye & Durham’s recent acquisition of Property Information Exchange Ltd. by replenishing the cash on hand used to finance the transaction. The bought deal private placement also included a secondary offering by Plantro Ltd., Seastone Invest Limited and other shareholders of Dye & Durham. The company did not receive any proceeds from the secondary offering.
Dye & Durham provides cloud-based software and technology solutions to increase productivity for legal and business professionals. The company operates in Canada and the United Kingdom and its customers include law firms, financial service institutions and government organizations.
Osler, Hoskin & Harcourt LLP advised the underwriters with a team consisting of Andrea Whyte, Rob Lando and Heidi Wong (Corporate).