Kineticor closed $125 million convertible debt and equity financing commitment from OPTrust and the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, Alberta from Shell Canada.

Lead Office: Calgary Date Closed: February 13, 2017 Value: $125 million

DSM Venturing in the $2.5 million Series A financing of QD Solar

On February 13, 2017, QD Solar Inc. ("QD Solar") announced that it had secured $2.5 million in a Series A financing. The round was led by Dutch venture capital firm DSM Venturing B.V. ("DSM Venturing") with participation from MaRS Innovation and Saudi Arabia’s KAUST Innovation Fund. QD Solar...

Lead Office: Toronto Date Closed: February 13, 2017 Value: $2.5 million

Hootsuite in its acquisition of AdEspresso

On February 7, 2017, Hootsuite announced the acquisition of AdEspresso, a company that has built a set of tools to create, A-B test, and post advertisements on Facebook and Instagram. Osler represented Hootsuite in this complex cross-border acquisition with a team of cross-disciplinary...

Lead Office: Toronto Date Closed: February 7, 2017 Value: -

Federal Court Rules in favour of Mylan Pharmaceuticals ULC in an anti-inflammatory combination drug patent case

Osler successfully represented Mylan Pharmaceuticals ULC in a patent proceeding brought by pharmaceutical company AstraZeneca. On February 7, 2017, the Federal Court of Canada issued a decision in AstraZeneca Canada Inc. v Mylan Pharmaceuticals ULC, 2017 FC 142 that invalidated the...

Lead Office: Ottawa Date Closed: February 7, 2017 Value: -

Vision Critical Communications Inc. in a $76 million secondary offering

Osler was lead counsel to Vision Critical Communications Inc. in its $76 million secondary sale of shares to two strategic growth equity funds, Georgian Partners (an existing shareholder since 2014) and W Capital Partners. This new investor support strengthens Vision Critical’s positioning...

Lead Office: Toronto Date Closed: February 1, 2017 Value: $76 million

Athabasca Oil Corporation in its acquisition of Norway’s Statoil ASA’s Canadian oilsands business

Athabasca Oil Corporation completed the acquisition of thermal oil assets from Statoil Canada Ltd., a wholly-owned subsidiary of Statoil ASA, for total consideration of $582 million.  The consideration consisted of $431 million in cash (after closing adjustments), 100 million common...

Lead Office: Calgary Date Closed: January 31, 2017 Value: $582 million

GuestLogix Inc. in proposed securities class action alleging misrepresentations contained in company’s public disclosures relating to certain credit facilities

Osler is representing GuestLogix Inc. ("GuestLogix") in proposed securities class action alleging misrepresentations contained in company’s public disclosures relating to certain credit facilities. The plaintiff has commenced a motion for leave to commence the action...

Lead Office: Toronto Date Closed: -- Value: -

The underwriters in a $173 million equity offering by Shawcor Ltd.

On December 23, 2016, Shawcor Ltd. (“Shawcor”) completed a bought deal offering of 5,261,250 common shares of Shawcor, including 686,250 common shares pursuant to the full exercise of the over-allotment option, at a price of $32.80 per common share (the “Offering”) for aggregate gross...

Lead Office: Toronto Date Closed: December 23, 2016 Value: $173 million

The underwriters in the US$750 million hybrid debt offering by Enbridge

On December 19, 2016, Enbridge Inc. completed a US$750 million offering of Fixed-to-Floating Subordinated Notes. These hybrid notes were introduced in June 2016 and provide the issuer with 50% equity credit for rating agency purposes.  Enbridge operates the world’s longest crude...

Lead Office: Toronto Date Closed: December 19, 2016 Value: US$750 million

Constellation Brands, Inc. in the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1.03 billion

On October 17, 2016, Constellation Brands, Inc., a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy, announced the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1.03...

Lead Office: Toronto Date Closed: December 16, 2016 Value: $1.03 Billion