Transaction Experience
Collectively, our team has completed over 190 M&A transactions and financings worth in excess of $180 billion. While we have been involved with 19 transactions exceeding $1 billion, and advised on many complex public market M&A transactions, including unsolicited takeover bids and takeover defenses, most of our experiences are in smaller private market transactions. Over two thirds (69%) of our transactions were valued at less than $100 million. To us, a successful transaction represents the capstone of a constructive relationship and the quantifiable realization of our client’s business success.
All Corporate Sales
| Target (Client) | Acquirer | $Millions |
|---|---|---|
| Alcan | Rio Tinto | $46,064 |
| Petro-Canada | Suncor Energy | $22,471 |
| British American Tobacco | Toronto-Dominion | $7,900 |
| 3Com | US Robotics | $7,300 |
| Tim Hortons | (Corporate Repatriation to Canada) | $5,500 |
| Astral Media | BCE | $3,400 |
| Telesat | Loral and Public Sector Pension Plan | $3,400 |
| Western Coal | Walter Energy | $3,300 |
| CTV | BCE | $2,900 |
| Alliance Atlantis | Canwest and Goldman Sachs | $2,600 |
| Canwest | Shaw | $2,000 |
| Teranet Income Fund | Borealis Infrastructure Fund | $2,000 |
| Bow Valley Energy | Talisman Energy | $1,800 |
| Ranger Oil Limited | Canadian Natural Resources | $1,495 |
| Royal Utilities | Sherritt | $1,400 |
| Colt Companies | WorleyParsons | A$1,130 |
| Canwest | Postmedia | $1,100 |
| Sobeys | Empire Company | $1,000 |
| Trilon Corporation | Brascan Corporation | $775 |
| UTS Energy (10% Interest in Fort Hills) | Petro-Canada and Teck Cominco | $750 |
| CBH Resources | Perilya Limited | A$451 |
| Emco Limited | Blackfriars | $440 |
| RealFund REIT | RioCan REIT | $440 |
| Telemedia Corporation | Standard Broadcasting | $365 |
| Maple Leaf Foods (Animal Nutrition Business) | Private | $250 |
| Kenetech (507-MW Facility) | Edison Mission Energy | US$247 |
| Arawak Energy | Vitol Holdings | $246 |
| Cinch Energy | Tourmaline Oil | $228 |
| TransCanada Pipelines (US Midstream Assets) | Duke Energy and other US buyers | US$215 |
| Gulf Canada Resources | Torch Energy Advisors | $215 |
| Lakeport Brewing Income Fund | Labatt Brewing Company | $210 |
| Harvard (35-MW Facility) | Common Wealth Energy | $180 |
| Canadian 88 Energy (Assets) | Hunt Oil | $176 |
| Millenium Coal | Peabody Resources | A$150 |
| BFC Construction | Armbro Enterprises | $115 |
| Trimac Corporation | Penske Truck Lending | $105 |
| Command Drilling Corporation | Nabors Industries | $97 |
| Sonde Resources | Niko Resources | $88 |
| Centric Energy Corp. | Africa Oil Corp. | $65 |
| Storm Gas Resources | Storm Resources | $55 |
| Dspfactory Limited | AMI Semiconductor | US$51 |
| Carma Corporation | Brookfield Properties | $40 |
| Bronco Energy | Legacy Oil & Gas | $35 |
| NRI Industries (Materials Division) | Polytech Rubber & Recycling | US$8 |
| Dynex Semiconductor | E2V Technologies | $6 |
| Liquidation World | Big Lots | $6 |
| Neilson | Pomerleau | ND |
| Tri-Ocean Engineering | Toyo Engineering | ND |
| Versacold (Eimskip) | The Yucaipa Companies | ND |
| Gold Reserve | Rusoro Mining (Successful Defense) | ND |
| Island Hearing Services | Phonak AG | ND |
| ATX Networks | Trivest Partners | ND |
| Loyalty Group | Alliance Data Systems | ND |
*Transaction values are in Canadian Dollars unless otherwise stated.
40% of Business Sales Over $250 Million had Foreign Acquirers
