Banking and Financial Services

TransUnion in its $638 million acquisition of Sontiq

On October 26, 2021, TransUnion announced its acquisition of Sontiq for $638 million. The combined company will merge Sontiq’s identity security complements and TransUnion’s digital identity assets to offer a comprehensive set of omnichannel solutions. TransUnion is a global...

Lead Office: Toronto Date Closed: -- Value: $638 million

TD Bank in its data access agreement with Yodlee

On September 21, 2021, TD Bank Group (TD) announced its data access agreement with Envestnet | Yodlee (Yodlee), signifying a move towards customer-directed finance and open access to customers’ financial data. This agreement enables TD, as directed by customers, to securely share...

Lead Office: Toronto Date Closed: September 21, 2021 Value: -

Neo Financial in its $64 million Series B financing round

On September 15, 2021, Neo Financial announced it had completed its $64 million Series B financing round led by Valar Ventures with participation from Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore Capital, Inovia Capital, and Maple VC. The proceeds from the...

Lead Office: Toronto Date Closed: September 15, 2021 Value: $64 million

First Nations Finance Authority in the establishment of a $400 million Commercial Paper Program

In September of 2021, the First Nations Finance Authority (FNFA) established a $400 million commercial paper program. The Toronto Dominion Bank, Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank Financial and Scotia Capital are acting as dealers.FNFA is a statutory...

Lead Office: Vancouver Date Closed: September 15, 2021 Value: $400 million

The underwriters in D-BOX Technologies’ $5.75 million bought deal public offering

On March 4, 2021, D-BOX Technologies completed its bought deal offering of 44,275,000 units at $0.13 per unit for $5.75 million. The offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., and including Echelon Wealth Partners Inc. and iA Private Wealth Inc....

Lead Office: Montreal Date Closed: July 23, 2021 Value: $5.75 million

The syndicate of underwriters in the US$2.50 billion bond offering by the Province of British Columbia

On July 20, 2021, the Province of British Columbia completed its US$2.50 billion bond offering. RBC Capital Markets, BMO Capital Markets, Deutsche Bank AG, London Branch, National Bank of Canada Financial and TD Securities (USA) LLC acted as underwriters on the deal. Osler, Hoskin &...

Lead Office: Vancouver Date Closed: July 20, 2021 Value: US$2.50 billion

Bank of Montreal in its $15 million credit facility agreements with Royal Canadian Mortgage Investment Corporation and Royal Canadian 1st Mortgage Investment Corporation

On June 30, 2021, Bank of Montreal announced a $10 million credit facility agreement with Royal Canadian Mortgage Investment Corporation and a $5 million credit facility agreement with Royal Canadian 1^st Mortgage Investment Corporation. The Bank of Montreal is a Canadian...

Lead Office: Toronto Date Closed: June 30, 2021 Value: $15 million

Kaloom in an investment by Alternative Capital Group

In May 2021, Alternative Capital Group Inc. (ACG) completed a transaction to become the majority shareholder in Kaloom, a Quebec-based company that has developed innovative computing solutions, with a proven track record of delivering large-scale networking, analytics and AI-based...

Lead Office: Montreal Date Closed: May 20, 2021 Value: -

Laurentian Bank in its inaugural LRCN offering

On May 7, 2021, Laurentian Bank of Canada completed its inaugural offering of $125 million aggregate principal amount of 5.30% Limited Recourse Capital Notes (LRCNs). The offering was made through a syndicate of agents co-led by Laurentian Bank Securities and CIBC Capital Markets acting as...

Lead Office: Toronto Date Closed: May 7, 2021 Value: $125 million

Fengate Capital in its preferred share investment in eStruxture

On April 30, 2021, Fengate Capital Management completed a preferred share investment in eStruxture Data Centers to partially fund its acquisition of the entire Canadian data center business of Aptum Technologies. The investment will be used to considerably expand eStruxture’s Canadian operations...

Lead Office: Toronto Date Closed: April 30, 2021 Value: -