Tax Tax

Bonnefield Financial Inc.’s Agribusiness Fund announces second close of business

On January 15, 2025, Bonnefield Financial Inc. announced the second close of its agribusiness fund including an anchor investment from Farm Credit Canada (FCC). The Bonnefield Agribusiness Fund I (BAF) has raised over $75 million to date and is focused on investing non-controlling capital to...

Lead Office: Vancouver Date Announced: January 15, 2025 Value: --

Pattern Energy in its sale of significant interests in two Ontario-based wind projects

On January 8, 2025, Pattern Energy announced the completion of its sale of significant interests in two Ontario-based wind projects, Armow Wind and Grand Renewable Wind, to CC&L Infrastructure. Pattern Energy will maintain a minority equity stake in the projects and will continue to manage and...

Lead Office: Toronto Date Announced: January 8, 2025 Value: --

Apollo Global Management, Inc. and BC Partners in connection with their agreement to buy GFL Environmental Inc.’s environmental services business valued at $8 billion

On January 7, 2025, GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL) announced it has entered into a definitive agreement (the Transaction Agreement) with funds managed by affiliates of Apollo (Apollo Funds) and BC Partners (BC Funds) for the sale of its environmental services business, which...

Lead Office: Montreal Date Announced: January 7, 2025 Value: $8 billion

BrainBox AI in its business combination with Trane Technologies

On January 3, 2025, Trane Technologies announced its acquisition of BrainBox AI. Through this acquisition, Trane Technologies aspires to reduce its carbon footprint of commercial buildings with the use of Brainbox AI’s tools. BrainBox AI is a Montréal-based technology firm specializing in...

Lead Office: Montreal Date Announced: January 3, 2025 Value: --

The underwriters, led by Goldman Sachs, BMO Capital Markets, RBC Capital Markets and TD Securities, in connection with the initial public offering by Groupe Dynamite Inc.

Osler acted for the underwriters, led by Goldman Sachs, BMO Capital Markets, RBC Capital Markets and TD Securities, in connection with the initial public offering by Groupe Dynamite Inc. that closed this morning. GDI is based in Montréal and is a fast-fashion retailer operating the Garage and...

Lead Office: Toronto Date Announced: November 26, 2024 Value: $300 million

The agents in connection with a $700-million offering of senior notes by Fairfax Financial Holdings Limited

On November 22, 2024, Fairfax Financial Holdings Limited (Fairfax) announced the closing of its previously announced $700-million offering of senior notes, comprised of a $450-million aggregate principal amount of 4.73% senior notes due 2034 and C$250 million in aggregate principal amount of 5.23%...

Lead Office: Toronto Date Announced: November 22, 2024 Value: $700 million

NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes

On November 18, 2024, NOVA Chemical Corporation (NOVA) announced the pricing of a private offering of US$400 million of senior unsecured notes. These notes are structured as 7-year non-call 3 years and an interest rate of 7% per annum. TD Securities (USA) LLC acted as lead bookrunner, and RBC...

Lead Office: Toronto Date Announced: November 18, 2024 Value: US$400 million

Chartwell in the establishment of its $250-million at-the-market equity distribution program

On November 14, 2024, Chartwell Retirement Residences filed a prospectus supplement to establish an at-the-market equity distribution program (the ATM program). The ATM program allows Chartwell to issue trust units up to an aggregate sale price of $250 million from treasury to the public from time...

Lead Office: Toronto Date Announced: November 14, 2024 Value: $250 million

Tenaz Energy Corp. in its inaugural $140-million senior unsecured notes offering

On November 12, 2024, Tenaz Energy announced the closing of its inaugural offering of $140 million of 12.00% senior unsecured notes due 2029. This offering's sole bookrunner and placement agent is National Bank Financial Markets. Tenaz Energy operates as an oil and gas company located in...

Lead Office: Toronto Date Announced: November 12, 2024 Value: $140 million

Spire Global in its agreement to sell its maritime business for approximately US$241 million

On November 13, 2024, Spire Global announced its agreement to sell its maritime business for approximately US$241 million to Kpler. Spire Global intends to use the proceeds of the sale to retire all outstanding debt and invest in near-term growth opportunities. The transaction consists of a...

Lead Office: Toronto Date Announced: November 12, 2024 Value: US$241 million