Ryan Nielsen Ryan Nielsen

Goldman Sachs Asset Management in its US$250 million investment in Hydrostor

On January 10, 2022, Hydrostor Inc. , a long-duration energy storage solutions provider, announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses of Goldman Sachs Asset Management. Goldman Sachs has agreed to fund its...

Lead Office: Toronto Date Closed: -- Value: US$250 million

Spire Global in its $204.2 million acquisition of exactEarth

On November 30, 2021, Spire Global (NYSE: SPIR) completed its proposed acquisition of exactEarth (TSX:XCT) for $204.2 million in cash and stock. Under the transaction, exactEarth will become a subsidiary of Spire Global and will create a global leader in the space-based maritime data and analytics...

Lead Office: Toronto Date Closed: November 30, 2021 Value: $204.2 million

Drax Group plc in its acquisition of Pinnacle Renewable Energy

On April 13, 2021, Drax Group plc completed its all-cash acquisition of all of the issued and outstanding shares of Pinnacle Renewable Energy Inc. at a price of $11.30 per share (representing a premium of 13% based on the closing market price as at February 5, 2020 of $10.04 per share and valuing...

Lead Office: Toronto Date Closed: 13 April 2021 Value: $741 million

OPTrust and Blue Vista Capital Management’s student housing acquisitions

On December 1, 2020, a joint venture between, among others, Blue Vista Capital Management and OPTrust, completed its acquisition of 50 Gerrard Street East in Toronto from Horizon Legacy. The transaction valued at $82.8 million includes a 12 story, 188 unit student residence building known...

Lead Office: Toronto Date Closed: December 1, 2020 Value: $82.8 million

KingSett Capital on behalf of KingSett Real Estate Growth LP No.7, KingSett Canadian Real Estate Income Fund and other investors, in connection with its $4.9 billion acquisition, with Starlight Investments, of Northview Apartment REIT

Osler, Hoskin & Harcourt LLP represented KingSett Capital on behalf of KingSett Real Estate Growth LP No.7, KingSett Canadian Real Estate Income Fund and other investors, in connection with their acquisition of Northview Apartment REIT in a transaction valued at...

Lead Office: Toronto Date Closed: 2 November 2020 Value: $4.9 billion

Algoma Steel Inc. and certain senior secured term lenders in Canada in Algoma’s acquisition of substantially all the assets of Essar Steel Algoma in connection to a restructuring under the CCAA

On November 30, 2018, the prepetition term lenders and prepetition senior noteholders to Essar Steel Algoma Inc., through a special purpose acquisition vehicle Algoma Steel Inc., successfully acquired substantially all of the assets of Essar Steel Algoma Inc. and its US subsidiary Essar Steel...

Lead Office: Toronto Date Closed: November 30, 2018 Value: $2 billion

Blackstone Property Partners in its acquisition of Pure Industrial Real Estate Trust for $3.8 billion

Osler represented Blackstone in connection with its acquisition of Pure Industrial Real Estate Trust for $3.8 billion. PIRET owns and operates a diversified portfolio of income-producing industrial properties in leading markets across Canada and key distribution and logistics markets in the United...

Lead Office: Toronto Date Closed: May 25, 2018 Value: $3.8 billion

Target in connection with the wind-down of its Canadian operations under the Companies’ Creditors Arrangement Act

In November 2014, discount retailer, Target Canada Co. announced the orderly wind-down of its Canadian operations pursuant to proceedings under the Companies’ Creditors Arrangement Act. The wind-down included the closure of 133 retail stores across the country and the sale of its real estate...

Lead Office: Toronto Date Closed: -- Value: Over $850 million

Ventas, Inc. in its $980-million acquisition of 29 independent living seniors housing communities

On August 20, 2014, Ventas, Inc. completed its all-cash acquisition of 29 Canadian seniors’ living communities from Holiday Retirement Corp. for $980 million. Ventas is one of the largest healthcare REITs in the US and the acquisition significantly expands its presence in the Canadian...

Lead Office: Toronto Date Closed: August 20, 2014 Value: $980 million

Dream Industrial REIT on its $498.5 million acquisition of a national industrial portfolio from KingSett Capital

On December 19, 2012, Dream Industrial REIT (formerly known as "Dundee Industrial REIT") announced the completion of its acquisition of a national portfolio of industrial properties from KingSett Capital for approximately $498.5 million. The portfolio comprises of 79 industrial...

Lead Office: Toronto Date Closed: December 19, 2012 Value: $498.5 million