Wave Financial

Wave Financial in its $537 million proposed acquisition by H&R Block.

Client

Wave Financial

Value

$537 million

Service

Emerging and High Growth Companies

Date Closed

Lead Office

Toronto


On June 11, 2019, H&R Block Inc., announced it has entered into a definitive agreement to acquire Wave Financial, a Toronto based FinTech startup that provides business accounts and debit cards to small business. The acquisition, while still subject to regulatory approval and closing conditions, would mark as one of the largest ever Canadian tech exits.

Wave provides a suite of financial services and online software for small businesses. The company manages more than $244 billion in income and expense transactions for its customers, including $16 billion in annual invoicing.

H&R Block is an American tax preparation company operating in North America, Australia, and India.

Osler, Hoskin & Harcourt LLP represented Wave Financial with a team consisting of Chad Bayne, Gary Marshall, Justin Dharamdial, Matthew Griffin, Horatiu Porime, Jeremy Lin (Emerging and High Growth Companies), Dov Begun, Paul Seraganian (Tax), Damian Rigolo (Employment), Lynne Lacoursière (Executive Compensation), Shuli Rodal (Competition).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Gary Marshall

Gary Marshall

Senior Associate, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Matthew Griffin

Matthew Griffin

Associate, Emerging and High Growth Companies

M. Horatiu Porime

M. Horatiu Porime

Associate, Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies

Dov  Begun

Dov Begun

Partner, Taxation

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Damian  Rigolo

Damian Rigolo

Partner, Employment & Labour

Lynne Lacoursière - Corporate Lawyer

Lynne Lacoursière

Partner, Corporate

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment