Taylor Cao Taylor Cao

Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation

On September 22, 2021, Apollo Global Management completed its acquisition of Great Canadian Gaming Corporation for a total value of $3.3 billion. Under the transaction, Apollo Funds acquired all the outstanding shares of Great Canadian for C$45 per share in cash. The transaction will enable Apollo...

Lead Office: Toronto Date Closed: September 22, 2021 Value: $3.3 billion

The Estée Lauder Companies Inc. in its agreement to increase its ownership in DECIEM Beauty Group Inc.

On February 23, 2021, The Estée Lauder Companies Inc. (ELC) announced that it has entered into an agreement to increase its investment in the Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. from approximately 29% to approximately 76%. ELC has agreed to purchase...

Lead Office: Toronto Date Closed: May 18, 2021 Value: US$2.2 billion

Battle North Gold Corporation in its acquisition by Evolution Mining Limited

On March 14, 2021, Battle North Gold Corporation (Battle North) and Evolution Mining Limited (Evolution) announced that they have entered a definitive agreement for Evolution to acquire Battle North’s issued and outstanding shares at a price of $2.65 per common share in cash, for total...

Lead Office: Toronto Date Closed: May 18, 2021 Value: $343 million

RBC in its sale of Eastern Caribbean banking operations

On December 12, 2019, the Royal Bank of Canada (RBC) announced its agreement to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. The sale involves the branches of the Royal Bank of Canada in Antigua, Dominica, Montserrat, St. Lucia and St....

Lead Office: Toronto Date Closed: April 1, 2021 Value: -

CURO in its acquisition of Flexiti Financial

On February 1, 2021, CURO Group Holdings Corp. (CURO) announced that it had agreed to acquire FLX Holding Corp. and its operating subsidiary, Flexiti Financial Inc. (Flexiti) for CAD $108.6 million, plus earn-out amounts of up to CAD $46.5 million. The transaction is expected to close in...

Lead Office: Toronto Date Closed: March 10, 2021 Value: $155.1 million

Goldman Sachs Merchant Banking in its $1.13 billion acquisition of People Corporation

On December 14, 2020, Goldman Sachs Merchant Banking Division (MBD) entered in an agreement to acquire People Corporation for a value of $1.13 billion. The acquisition will position People Corporation’s to grow and expand its opportunity to further enhance the delivery of...

Lead Office: Toronto Date Closed: February 18, 2021 Value: $1.13 billion

Royal Bank of Canada in its Additional Tier 1 offering of Limited Recourse Capital Notes

On October 22, 2020 Royal Bank of Canada announced $1.25 billion of NVCC Additional Tier 1 (AT1) Limited Recourse Capital Notes, Series 2. The offering uses the now market standard form of AT1 capital instrument pioneered by Osler. The LRCNs will bear interest at a rate of 4% annually,...

Lead Office: Toronto Date Closed: November 2, 2020 Value: $1.25 billion

National Bank of Canada in its Additional Tier 1 offering of Limited Recourse Capital Notes

On September 1, 2020, National Bank of Canada announced its $500 million offering of Additional Tier 1 (AT1) Limited Recourse Capital Notes. The offering uses the now market standard form of AT1 capital instrument pioneered by Osler. The notes have a 4.3% interest rate and are due November,...

Lead Office: Toronto Date Closed: September 9, 2020 Value: $500 million

Royal Bank of Canada in its inaugural Additional Tier 1 offering of $1.75 billion

On July 15, 2020 Royal Bank of Canada (RBC) announced its inaugural Additional Tier 1 (AT1) offering of Limited Recourse Capital Notes at $1.75 billion. This offering represents the first issuance of a new form of AT1 capital instrument using a novel structure pioneered by RBC and the Osler team...

Lead Office: Toronto Date Closed: July 28, 2020 Value: $1.75 billion

Power Financial in its reorganization transaction with Power Corporation

On December 13, 2019, Power Corporation and Power Financial announced a reorganization transaction whereby the minority shareholders of Power Financial will receive Power Corporation subordinate voting shares and nominal cash consideration in exchange for each Power Financial common share. Upon...

Lead Office: Toronto Date Closed: December 13, 2019 Value: -