Corporate and M&A in Canada

Blake, Cassels & Graydon LLP

Corporate heavyweight Blake, Cassels & Graydon LLP comfortably maintains its position at the top of the market. Fielding one of the largest national groups in Canada, with premier teams in Alberta, British Columbia, Ontario and Quebec, the group also benefits from robust international platforms in New York and London. A fixture in major, cross-border M&A, the prolific team counts some of the country’s most active acquirers among its key clients, including pension funds, oil and gas companies and mining clients. Leading international technology, energy and private equity players also turn to the firm for assistance with multi-jurisdictional mandates. In Calgary, firm chair Brock Gibson QC is sought after for complex M&A and private equity transactions. Ross Bentley splits his time between Calgary and London and is a popular choice for cross-border deals. Names to note in Toronto include Jeffrey Lloyd and Michael Gans, who divides his time between Toronto and New York, has an impressive record in headline M&A, private equity and corporate matters; he recently paired up with New York managing partner Geoffrey Belsher to advise Canada-based The Stars Group on its C$6bn merger with Flutter Entertainment, which formed the largest online betting and gaming operator in the world. David Kruse and Eric Moncik jointly lead the group from Toronto. Toronto-based Linda Tu is an impressive associate in the team. Noralee Bradley left to become chief legal officer at Nutrien.

Practice head(s):

David Kruse; Eric Moncik

Key clients

Daimler AG

Dell Technologies Inc.

Dominion Diamond Mines ULC

Encana Corporation

Hudson’s Bay Company

Kinder Morgan Canada

Public Sector Pension Investment Board

Starlight US Multi-Family (No. 5) Core Fund

The Stars Group

TC Energy Corporation

WestJet Airlines

Work highlights

  • Advised WestJet Airlines on its C$5bn acquisition by Onex.
  • Advised Hudson’s Bay Company on its C$2bn privatization transaction with a shareholder group led by its executive chairman.
  • Acted as Canadian counsel to Dell Technologies on the $2bn sale of its RSA security business to a consortium of investors led by Symphony Technology Group and including Ontario Teachers’ Pension Plan Board and AlpInvest Partners.

Davies Ward Phillips & Vineberg LLP

From its Toronto and Montréal bases, Davies Ward Phillips & Vineberg LLP is regularly engaged to advise on sophisticated corporate matters across Canada. A popular choice for US-related cross-border transactions, the team's recent highlights have also included transactions involving Europe, Latin America and Asia. The firm handles the full spread of corporate and M&A matters, but is particularly revered for its reputation in hostile M&A and proxy contests. In Toronto, Vincent Mercier is widely recognized as one of Canada’s leading M&A experts; he recently advised funds managed by The Blackstone Group on Blackstone’s C$6.2bn all-cash acquisition of Dream Global REIT, which marked the largest-ever REIT M&A transaction in Canada. Patricia Olasker is also a high-profile name for corporate work and complex shareholder activism matters. Other key names in Toronto include ‘effective communicator and negotiator’ Brett Seifred and transactional mining specialist Melanie Shishler, who recently advised Barrick Gold on its landmark C$20bn joint venture with Newmont Goldcorp. In Montréal, Franziska Ruf leads the firm’s relationships with Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board. Seasoned corporate partner Richard Cherney is also recommended in Montréal.

Other key lawyers:

Richard Cherney; Brett Seifred

Testimonials

‘The Davies M&A team is unique in their ability to think creatively and provide practical solutions to very challenging legal and commercial issues. The transaction they advised on was unprecedented and they pulled it off on a very tight time frame.’

‘They are incredibly intelligent and hard working, unbelievably responsive and willing to do absolutely whatever it takes to complete the deal. Davies stands shoulders above competitor firms when it comes to crunch time.’

‘Full service firm that prides itself on providing superior legal advice to clients. Their lawyers are at the top of the field. Their execution skills are unparalleled and they seamlessly integrate with in house counsel and other advisors on transactions. They provide unmatched advice and guidance to clients on both legal and strategic matters.’

‘There is little variability in the quality of lawyers – they are all at the top of their field and provide the same high quality tactical and strategic advice. This isn’t always the case at other law firms. Richard Fridman is a great example of this. His team and client team integrated exceptionally well. He and his team efficiently and effectively executed transaction, provide superior legal, tactical and strategic advice and coordinated well with financial advisors.’

‘Concerned about the long term value of the deal. Always available. Good suggestions. Hard workers. Efficient.’

‘High end and high stakes M&A. Very strategic in their advice and able to achieve results.’

‘Brett Seifred is an exceptional attorney. Principled and practical. Effective communicator and negotiator. Strong record of getting deal done, a work horse.’

‘Unmatched experienced in the Canadian market and ability to find solutions to both legal and business issues in a timely fashion.’

‘Richard Fridman: very commercial and quick turnaround. Provides a seamless experience with his partners from all practice areas’

Key clients

Barrick Gold Corporation

Fortis Inc.

Alimentation Couche-Tard Inc.

Shaw Communications

TransAlta

Caisse de dépôt et placement du Québec

Hostess Brands

Cominar REIT

The Public Sector Pension Investment Board

The Blackstone Group

Work highlights

  • Represented Barrick Gold in the establishment of its joint venture with Newmont Goldcorp, which combined their respective mining properties in Nevada to create the world’s largest gold-producing complex.
  • Advised funds managed by The Blackstone Group, and their affiliates, on Blackstone’s C$6.2bn all-cash acquisition of Dream Global REIT.
  • Acted as Canadian counsel to Alstom in its acquisition, from Bombardier and Caisse de dépôt et placement du Québec, of Bombardier Transportation, valued at up to €6.2bn.

Goodmans LLP

Toronto-based Goodmans LLP is unique among Seven Sisters’ firms in its single-office business model; however, the firm manages a significant share of Canada’s largest corporate and M&A transactions and is consistently involved in deals throughout the country. It is also a regular participant in cross-border work, including recent highlights for US-based Newmont Goldcorp, Israel-based Medison Biotech and US-based Invesque. A stand-out performer in the REIT and health care sectors, the group also shines in the areas of mining and private equity and—thanks in part to the firm's market-leading restructuring practice—distressed M&A. Jonathan Lampe is highly regarded for his broad corporate and securities practice, covering M&A and corporate governance; he was formerly general counsel to the Ontario Securities Commission. Neill May co-chairs the corporate securities group and recently advised Newmont Goldcorp on its headline joint venture with Barrick Gold. Corporate securities co-head Robert Vaux had a banner year, which included advising Onex Corporation on its C$5bn acquisition of WestJet Airlines. Senior counsel Stephen Halperin is also widely recognized among the leading corporate and securities lawyers in the market. Other experienced names include capital markets lead Stephen Pincus and firm chairman Dale LastmanJon Feldman is also recommended.

Testimonials

‘Excellent M&A knowledge. Prompt response and service. Excellent assistance on business issues’

Key clients

Canaccord Genuity

Searchlight Capital Partners

Clairvest Group Inc.

Onex Corporation

Minto Apartment REIT

Newmont Mining Corporation

OMERS Private Equity

Revera

Brookfield Private Equity

Coeur Mining, Inc.

Franco-Nevada Corporation

Brookfield Special Opportunities

Northern Private Capital

Work highlights

  • Advised Onex Corporation on its C$5bn all-cash acquisition of WestJet Airlines.
  • Represented the special committee of Genworth MI Canada in Brookfield Business Partners LP’s C$2.4bn acquisition of an approximately 57% stake in the company from Genworth Financial.
  • Acted for the special committee of Dream Global REIT in the REIT’s C$6.2bn acquisition by affiliates of the Blackstone.

McCarthy Tétrault

McCarthy Tétrault’s ‘extremely commercial’ group impresses with its ‘deep bench of experts that can get to the bottom of every complex issue’. The national department stands out for its consistency across Canada’s key business centres, fielding market-leading lawyers in Montréal, Toronto and Vancouver; it also has a presence in Calgary. Its nationwide strength, combined with international offices in London and New York, mark it as a popular choice for large-scale M&A, particularly transactions with a cross-border component. Notable industry sweet spots include retail, infrastructure, real estate and natural resources. National M&A co-head Cameron Belsher is widely regarded as a leader in the field; he splits his practice between Vancouver and Toronto. Other senior contacts in Toronto include David Woollcombe, who focuses on M&A, private equity and capital markets transactions, and private equity specialist Shevaun McGrath. Toronto-based up-and-coming partner Jonathan See is an ‘exceptional transaction quarterback’. He recently advised a consortium including Brookfield Infrastructure and Singapore’s GIC on its $8.4bn acquisition of Genesee & Wyoming. Global mining co-lead Shea Small divides his time between London and Toronto. In Montréal, Clemens Mayr ranks among the market’s leading corporate lawyers, and national capital markets co-head Patrick Boucher is also recommended.

Testimonials

‘Extremely commercial and able to add real value from a strategic perspective. Have a deep bench of specialist subject experts that can get to the bottom of every complex issue, especially regulatory issues, but advice is distilled and relayed to the client in a way that is useful and relevant to the matter at hand and avoids academic discourse and ”CYA”-type memos, etc., which aren’t useful for the client.’

‘Exceptional leadership and commercial attributes. The team we work with (in particularly, Jonathan See as the lead, supported typically by Bob Richardson, Jake Iriwn, Isabelle Henkelman and Scott Bergen) understands what we need as a client and always delivers in a very timely and robust manner. Jonathan See is an exceptional transaction ”quarterback” and ensures a seamless work product is produced with useful, practical and strategic advice.’

‘This team’s ability to rely on subject matter experts but weave their advice into an overall set of commercial advice is absolutely stand-out from other firms in my view. Never any useless, academic, technical advice from this group!’

‘The McCarthy Corporate and M&A team is highly responsive and detail oriented. They are able to provide high quality advice that we rely on for our corporate and governance matters.’

‘Heidi Gordon and Robert Hansen are exceptional partners that we trust to provide answers to our management team and board. They are highly responsive and have a breadth of experience that allows them to answer any question we have.’

Key clients

Bell Canada (BCE)

Brookfield Asset Management

Canada Pension Plan Investment Board

Canadian Imperial Bank of Commerce

Caisse de dépôt et placement du Québec

Cortland Partners

Cineworld Group plc

Enbridge Inc.

Glencore

Jim Pattison Conglomerate

National Bank

Newcrest Mining

Oaktree Capital Management

OMERS / Borealis

Pengrowth Energy Corporation

Rhône Group

Slate Retail REIT / Slate Office REIT

TD Bank

Vista Equity Partners

Zijin Mining

Work highlights

  • Advised a consortium comprising Brookfield Infrastructure and GIC, as well as several institutional partners, on its $8.4bn acquisition of Genesee & Wyoming .
  • Represented UK-based Cineworld Group in its proposed C$2.8bn acquisition of Canadian movie chain Cineplex.
  • Acted for Caisse de dépôt et placement du Québec in its agreement with Alstom to convert its current investment in Bombardier Transportation into shares of Alstom, valued at $8.2bn.

Osler, Hoskin & Harcourt LLP

Osler, Hoskin & Harcourt LLP cements its position at the top of the deal tables, securing a significant portion of the most standout M&A mandates in Canada. The firm handles a steady stream of mid-market and large-scale transactions for a variety of industry clients, from emerging companies through to major multinationals. Notably, its sizeable New York office is a valuable asset for US-based clients. Widely regarded as a go-to firm for private equity and pension funds, the team can turn its hand to transactions in any market segment and has recently won key roles in landmark deals in the REIT, mining, media and energy sectors. Emmanuel Pressman chairs the national corporate department and is involved in many of the group’s most high-profile deals; he recently advised KingSett Capital on its C$4.8bn acquisition, together with Starlight Investments, of Northview Apartment REIT. Also among the team's key contacts, Jeremy Fraiberg heads the M&A group and has an impressive record in mining, REITs and private equity-related deals; Douglas Marshall recently advised Dream Global REIT on its C$6.2bn buyout by Blackstone Group. Firm managing partner Douglas Bryce is another leading name for M&A and securities law matters. In Calgary, Frank Turner is noted for his experience advising technology and high-growth company clients. Mining co-chair James Brown is also recommended. Named lawyers are based in Toronto unless otherwise stated.

Practice head(s):

Emmanuel Pressman

Key clients

Blackstone

Constellation Brands

Bank of Montreal

Entertainment One

KingSett Capital

Royal Bank of Canada

Kinross Gold

BC Partners

Magna International

Chemtrade Logistics

Work highlights

  • Acted as Canadian counsel to a Blackstone-led consortium in its $27bn sale of Refinitiv to the London Stock Exchange Group.
  • Represented Goldcorp in its $10bn acquisition by Newmont Mining.
  • Advised Dream Global REIT on its C$6.2bn buyout by Blackstone.

Stikeman Elliott LLP

Transactional powerhouse Stikeman Elliott LLP houses a comprehensive corporate and M&A practice, which stands as a first port of call for advice on complex domestic and cross-border deals. Thanks in part to its consistently strong regional offerings across Ontario, Quebec, British Columbia and Alberta, the firm stands out as a strong choice for resource large-scale, event-driven transactions. The firm also leans on its longstanding international outposts in New York, London and Sydney to advise on multi-jurisdictional matters with a Canadian component. Widely recognized as a dominant force in private equity buyouts, the corporate department is also complemented by the wider firm’s strong skill sets in mining, real estate and energy. John Ciardullo heads the corporate group in Toronto and maintains a premier M&A practice, with his recent experience spanning high-profile deals in the media, mining and REIT spaces. Toronto managing partner Jeffrey Singer is sought after for complex Canadian and cross-border M&A, capital markets and private equity transactions. Simon Romano, who focuses on securities, public and private M&A and corporate finance, is also a respected name in Toronto. In Montréal, John Leopold is considered among the market leaders for his track record in private equity and M&A. The firm also fields an impressive band of up-and-coming partners, which includes Toronto-based Amanda Linett, Montréal private equity and M&A head Sophie Lamonde and Sean Vanderpol, who co-heads the capital markets and public M&A groups in Toronto.

Torys

Torys is distinguished by its longstanding relationships with some of the most active repeat acquirers in Canada, particularly private equity players such as Brookfield and pension funds including CPP Investments and Alberta Investment Management Corporation. Largely centred in Toronto, the national team also benefits from a leading transactional energy group in Calgary and a smaller corporate offering in Montréal. The firm consistently follows its key clients abroad and its prominent New York office provides invaluable corporate firepower in cross-border transactions. The firm also enjoys strong relationships with global corporate clients doing regular business in Canada. Firm managing partner Matthew Cockburn has an established record in corporate transactions, with a focus on advising private equity and pension funds. John Emanoilidis co-heads the M&A group and has broad experience in public and private M&A, private equity and corporate finance matters. Corporate chair Cornell Wright routinely acts for bidders, targets and shareholders on the full range of M&A deals; he recently paired up with Adrienne DiPaolo to act for Onex in its C$445m acquisition of Gluskin Sheff + Associates. Former New York managing partner Karrin Powys-Lybbe now co-heads the M&A department from Toronto and led on several substantial matters for Brookfield over the past year.

Other key lawyers:

Matthew Cockburn; Cornell Wright

Testimonials

‘Torys is top notch for their combination of cost and service. Torys is very aligned with our cost conscience business model and works with us to find fee arrangements that meet our objectives and I never feel like I am just being billed for hours. More importantly, Torys and team provide the kind of service that clearly demonstrate they care about our business outcomes. They provide legal support and analyses, but also provide business and commercial context. Our company does not have inhouse legal and we treat Torys as part of our team. This accountability is a clear differentiator. Many lawyers provide a one-dimensional legal service, but we are looking for aligned partners in our company who care about our business outcomes. They are not just there to highlight risks, but take a commercial perspective on how to address these legal risks with a business perspective.’

‘Stephanie Stimpson has lots of international transactional experience, but also has strong knowledge of credit/financing and corporate governance as well.’

‘Derek Flaman is a credible and experience transactional lawyer that provides great advice. His industry knowledge is impressive and we highly value his opinion.’

‘Peter Danner is a work horse that provides incredible service. He is thoughtful and thorough.’

Key clients

Brookfield Group

CPP Investments

Onex Corporation

Bank of Nova Scotia (Scotiabank)

Canadian Tire Corporation

Enbridge Inc.

KKR & Co. Inc.

Husky Energy Inc.

Alberta Investment Management Corporation

Great-West Lifeco Inc.

Work highlights

  • Acted for Onex Corporation on its C$445m acquisition of Gluskin Sheff + Associates.
  • Represented Enbridge on the C$4.3bn sale of its Canadian natural gas gathering and processing business, which included 19 provincially and federally regulated natural gas processing plants and 3,550 km of natural gas gathering pipelines in British Columbia and Alberta.
  • Advised Brookfield Infrastructure on co-investment and consortium arrangements relating to its role as co-sponsor of a consortium of institutional partners in the $8.4bn acquisition of Genesee & Wyoming.

Bennett Jones LLP

Bennett Jones LLP continues to broaden its national scope, with its premier Calgary offering complemented by fast-growing groups in Toronto and Vancouver. Widely recognized for its dominance in energy transactions, the department also demonstrates strong capabilities in mining, consumer products, cannabis and agribusiness. Calgary managing partner Patrick Maguire is renowned for his expertise in energy transactions and recently advised Devon Canada Corporation and Devon Canada Crude Marketing Corporation on the C$3.8bn sale of their assets to Canadian Natural Resources. Vice-chairman Perry Spitznagel QC is another high-profile name in Calgary. Key contacts in Toronto include M&A co-head Curtis Cusinato and Kristopher Hanc, an impressive name on the more junior end of the partnership. Christian Gauthier is an up-and-coming M&A specialist in Vancouver. David Spencer recently retired.

Key clients

Apollo Global Management LLC

ATCO Group / Canadian Utilities

Canadian Natural Resources

Canso Investment Counsel

Catalyst Capital

Cenovus Energy Inc.

Clear North Capital

Colfax Corp.

Cresco Labs, LLC

Devon Canada Corporation

FSM Group / Canadian Fuel Consortia

Gateway Casinos & Entertainment

Gibson Energy Inc.

Harvest Health & Recreation

Kensington Capital Partners

Longview Aviation Capital Corp.

Medline Industries

Metalmark Capital

Morgan Stanley Energy Partners

Ontario Teachers’ Pension Plan

Osisko Gold / Osisko Gold Royalties

Parkland Fuel Corporation

Secure Energy Services Inc.

TELUS

Third Eye Capital

TriWest Capital Partners

Walmart Inc.

Waterton Global Resource Management

Work highlights

  • Advised Devon Canada Corporation and Devon Canada Crude Marketing Corporation on the C$3.8bn sale of their assets to Canadian Natural Resources.
  • Acted as Canadian counsel to Colfax Corporation on the $1.8bn sale of its Howden Air & Gas Handling business to an affiliate of KPS Capital Partners, LP.
  • Advised Catalyst Capital and its portfolio company, Gateway Casinos & Entertainment, on the $1.1bn merger of Leisure Acquisition Corp with Gateway’s parent, GTWY Holdings.

Borden Ladner Gervais LLP

A prolific player in mid-market M&A, Borden Ladner Gervais LLP also secures a significant volume of big-ticket corporate transactions, particularly in the mining sector. Among its other strong suits, the team handles a raft of private equity deals, energy-related matters and contested transactions. In Vancouver, mining chair Fred Pletcher’s broad corporate practice spans M&A, corporate finance, governance issues and shareholder activism. Pletcher recently paired up with Vancouver-based Warren Learmonth to advise Northview Apartment REIT on its C$4.8bn acquisition by Starlight Group Property Holdings and KingSett Capital. The national public M&A group is led jointly from Toronto by Paul Mingay and Graham King. Senior associate Kyle Denomme, also based in Toronto, is also recommended.

Practice head(s):

Paul Mingay; Graham King

Other key lawyers:

Kyle Denomme; Fred Pletcher

Key clients

RBC Global Asset Management

RBC Capital Partners

Mittleman Brothers, LLC

Finning International Inc.

Imperial Metals Corporation

Pan American Silver Corp

Carmanah Technologies Corporation

IDM Mining

RFA Capital Holdings Inc.

Capital Power Corporation

Canoe Financial LP

Mohegan Gaming Advisors LLC

Northview Apartment Real Estate Investment Trust

Work highlights

  • Acted for Northview Apartment REIT on its C$4.8bn acquisition by Starlight Group Property Holdings and KingSett Capital.
  • Advised Imperial Metals Corporation on the $804m sale of a 70% joint-venture interest in the Red Chris mine to Newcrest Mining.
  • Acted for RFA Capital Holdings on its C$83m acquisition of Street Capital.

Fasken

Fasken stands out in particular for its work in the mining sector, where it consistently secures a major share of mid-market to premium-sized domestic and global deals. Outside of the mining space, financial services, infrastructure and technology are also core sources of work. Toronto-based John Turner heads the global mining and securities and M&A groups and is highly regarded for complex natural resources-related matters. Turner recently advised the special committee of Continental Gold on the company’s C$1.4bn acquisition by Zijin Mining Group. Other senior names include Blair Horn in Vancouver and Michel Boislard in Montréal. Among the team’s younger lawyers, Montréal-based Jean Michel Lapierre acted in several significant technology transactions over the past year, and Vancouver’s Martin Ferreira Pinho is a promising associate.

Practice head(s):

John Turner

Testimonials

‘Highly integrated team with appropriate gearing. Very efficient and practical, timely advice. Great value and high quality work product.’

‘Sarah Gingrich is a model for relationship partners. She is responsive and always gets the right people engaged for the problem and personalities involved.’

‘Very strong team with an outstanding skill-set married with an acute sense of client needs, and the commitment to service those needs in the most efficient and effective way.’

‘Sean Stevens has taken the time and effort to understand our complex business and needs intimately, and is highly responsive and efficient in servicing those needs. He can always be counted on to deliver.’

‘Jon Levin has invaluable knowledge and experience base. Wise and trusted senior advisor. We always feel comfortable with Jon providing guidance in challenging situations.’

‘Excellent national coverage, in depth knowledge of client’s affairs and objectives. Timely and reliable advice.’

‘Their lawyers are thought leaders in their fields. Reliable and consistent in difficult circumstances. Well respected on both sides of the table.’

Key clients

Kraft Heinz

ArcelorMittal

DuPont

Starbucks

PricewaterhouseCoopers

DeBeers

Toronto-Dominion Bank

First Quantum Minerals

Rio Tinto

AT&T

Bank of Nova Scotia

Caisse de dépôt et placement du Québec

Canadian Pacific Railway

Air Canada

Aviva

Transat A.T. Inc

Google Inc.

IBM Group

CGI

Zijin Mining Group

Work highlights

  • Advised Canada Development Investment Corporation on the C$350m sale of 90% of Canada’s shares in Ridley Terminals to a joint venture of two US private equity firms, and the transfer of 10% of the shares to Coast Tshimshian RTI Holdings Limited Partnership, owned by the Lax Kw’alaams Band and the Metlakatla First Nation.
  • Acted for Katanga Mining in its privatization by Glencore International at an implied enterprise value of C$12.9bn.
  • Advised Nuvei Corporation, a Montréal-based payment technology company, on its $889m acquisition of SafeCharge International Group.

Norton Rose Fulbright

Norton Rose Fulbright’s Canadian group is augmented by the wider firm’s global network, which provides consistent support in both inbound and outbound transactions. The diverse practice is well represented throughout the firm’s six national offices and specializes in energy, transport, infrastructure and technology work. Toronto managing partner Terence Dobbin handles M&A, corporate governance issues and public financings, with experience in cross-border matters. Toronto-based Canadian chair Walied Soliman also co-heads the Canadian special situations team and has an impressive record in complex proxy contests. In Montréal, Paul Raymond handles a mix of corporate and securities transactions and recently teamed up with the firm’s offices in Germany and the US to advise Bombardier on the C$550m sale of its regional jet programme to Mitsubishi Heavy Industries.

Practice head(s):

Stephen Kelly

Key clients

SNC-Lavalin Group Inc.

Special Committee of the Board of Directors of WestJet Airlines

Bombardier Inc.

Énergir Inc.

CannaRoyalty Corp d/b/a Origin House

Aimia Inc.

Aquilini GameCo Inc.

Coveo Solutions Inc.

Tidewater Midstream & Infrastructure Inc.

Hydro Québec

Paramount Resources

Natixis Investment Managers, LP

Groupe Canam Inc.

La Capitale and SSQ Insurance

HEXO Corp.

The Supreme Cannabis Company Inc.

Pieridae Energy

Work highlights

  • Advised SNC-Lavalin on the C$3.2bn sale of a 10% stake in 407 International to companies controlled by the Canada Pension Plan Investment Board.
  • Represented the special committee of the board of directors of WestJet Airlines on its C$5bn acquisition by Onex Corporation.
  • Acted for Bombardier on the C$550m sale of its regional jet programme to Mitsubishi Heavy Industries.

Dentons

Dentons’ Canadian arm handles a steady stream of mid-market deals from its six Canadian offices. The group is also recognized by its ability to secure top-flight deals in its core sectors, particularly oil and gas, cannabis, agribusiness, and media and telecoms. The firm’s increasing involvement in cross-border deals is another differentiator and, indeed, it routinely works alongside its international offices on multi-jurisdictional mandates, particularly deals involving the US. Calgary-based Dan Shea focuses on capital markets and private equity matters and co-heads the department together with Montréal-based Charles Spector.

Practice head(s):

Dan Shea; Charles Spector

Key clients

CIBC World Markets and RBC Dominion Securities

Instant Brands Inc.

Ontario Power Generation

Shaw Communications

Cascades Inc.

Letko, Brosseau & Associates Inc.

Meritage Midstream Services III, LP and Riverstone Holdings LLC

Spectrum Equity

ROOT Data Centre

Bonnefield Financial Inc.

White Star Capital

Capital Power Corporation

Emblem Corp.

Focus Financial Partners, LLC

Fire & Flower Holdings Corp.

Cougar Drilling Solutions Inc.

Work highlights

  • Acted for Ontario Power Generation on its $1.1bn acquisition of Cube Hydro Partners from private equity fund Helix.  
  • Advised Instant Brands on its merger with Corelle Brands LLC, a portfolio company of Cornell Capital.
  • Advised a syndicate of dealers on the establishment of Keyera’s $4bn medium- term note programme.

Gowling WLG

Efficient, fast and reliable’, Gowling WLG provides ‘excellent legal advice’, according to sources. The diverse national group benefits from platforms throughout the country, with its well-established position in the Waterloo Region — a key part of the Toronto-Waterloo Region Corridor technology cluster — translating into a thriving start-up practice. The wider firm’s signature IP strength also fuels deals in other IP-rich areas, including life sciences and energy. Toronto-based Ian Palm is noted for his experience in the energy, technology and infrastructure sectors.

Practice head(s):

Karen Hennessey

Other key lawyers:

Ian Palm

Testimonials

‘The Gowling team has the necessary depth and breadth of expertise in Corporate & M&A matters and brings an incredibly practical approach to transactions.’

‘Nurhan Aycan brings a very practical approach to transactions; he takes a hands-on approach to each deal and leads his capable team from out in front, while also allowing key associates to take meaningful roles and gain experience under his guidance. This approach has delivered efficient legal services for us on several occasions. Nurhan is accessible and approachable, while bringing a wealth of knowledge and a common-sense approach.’

‘Knowledgeable, personable and grounded business oriented advice.’

‘Nurhan Aycan is an excellent partner that focuses on business friendly solutions.’

‘Gowlings have been providing us excellent legal advise. They excel in two areas: Comprehensive and timeliness.’

‘Nurhan Ayan, partner take time to understand client issues. He works hard to develop good insights into our industry and our strengths and weaknesses in the industry.’

‘World class firm with world class lawyers.’

‘Chris Stanek and Nurhan Aycan are superstars. They get the job done, efficient, fast and reliable. Chris gets results. I would want him beside me always to protect me and make me win. Nurhan is amazing at putting a deal together. His knowledge, skill and available resources are the best.’

Key clients

Cummins

Newlook Capital Inc.

HeavenlyRx

Khiron Life Sciences Corp.

SOL Global Investments Corp.

Starling Brands Inc.

Phivida Holdings Inc.

R&D Pharma Corp

Namaste Technologies Inc.

I.M.C. Holdings

Silversmith Capital Partners

Canadian Hospital Specialties

EMERGE Commerce Inc.

CooperVision Inc.

TerraFarma Inc.

BGF

TickTrade Systems Inc.

iCabbi

Work highlights

  • Advised SOL Global on several cross-border deals over the past year, including advising on the acquisition of shares of San Francisco-based Frankly Inc.
  • Acted for Cummins on its $290m cross-border acquisition of Hydrogenics Corporation.
  • Acted as Canadian counsel to Boston-based Silversmith Capital Partners on four transactions totalling over $100m.

Aird & Berlis LLP

Aird & Berlis LLP is recognized for its thriving mid-market practice. Among its core areas of focus, the Toronto-based group is particularly active in private equity, infrastructure and technology-related deals, with broad experience in acting for start-ups and emerging companies. Paige Backman leads the corporate and commercial practice, and also plays a key role in the firm’s privacy, technology and media groups.

Practice head(s):

Paige Backman

Baker McKenzie

Baker McKenzie is distinguished by its expansive international network, which provides the firm with comprehensive international support in multi-jurisdictional transactions. The team is particularly well-versed in M&A, corporate restructurings and takeover bids, with a strong record in the natural resources, health care and consumer industries. Department head David Palumbo handles a mix of corporate and securities transactions.

Practice head(s):

David Palumbo; Charles Magerman

Other key lawyers:

Nancy Hamzo; Greg McNab

Key clients

Brookfield Capital Partners LLC

Nors S.A.

Raven Industries, Inc.

Graymont

Impala Canada

Westinghouse Electric Company LLC

Impala Platinum

May River Capital

Sika AG

Work highlights

  • Advised Brookfield Business Partners LP on the global (non-US) aspects of its $13.2bn acquisition of the power solutions business of Johnson Controls.
  • Acted for Nors on its C$193 acquisition of Strongco Corporation.
  • Advised Raven Industries on its acquisition of a majority interest in DOT Technology Corp.

Burnet Duckworth & Palmer LLP

The corporate group at Calgary-based Burnet Duckworth & Palmer LLP leverages its top-tier oil and gas reputation to secure headline energy-related transactions. A particularly active firm on behalf of junior oil companies, it also enjoys strong links with private equity funds, technology companies and aviation clients. William Maslechko is recommended for M&A, capital markets and corporate governance issues.

Practice head(s):

Shannon Gangl; Jeff Oke

Other key lawyers:

William Maslechko

Cassels Brock & Blackwell LLP

Cassels Brock & Blackwell LLP’s corporate and M&A practice is largely fuelled by its first-class offerings in the mining and cannabis spaces, with the recent resurgence in the former industry helping to offset the slow-down in Canada’s cannabis market. Key department contacts include managing partner Mark Bennett and mining specialist Paul Stein, both of whom are based in Toronto.

Practice head(s):

Jason Bullen; Paul Stein

DLA Piper (Canada) LLP

DLA Piper (Canada) LLP’s clients highlight the corporate team's ability to ‘suggest practical answers to any given situation’. The firm has offices throughout Canada’s key commercial centres, with a strong local presence in Alberta and British Columbia. A top choice for forestry clients, the group also regularly acts for start-ups, energy companies and real estate clients. Ted Maduri and David Stratton QC jointly lead the group from Toronto and Edmonton, respectively. Another contact in Toronto is Robert Fonn, who is recommended for cannabis-sector work.

Practice head(s):

Ted Maduri; David Stratton QC

Other key lawyers:

Robert Fonn

Testimonials

‘The key differentiation between DLA and other firms we deal with is their ability to suggest practical answers to any given situation. There are many firms with similar levels of legal knowledge, who struggle to think about application. DLA not only has the knowledge required, but are able to advise as well.’

‘Derek Sigel is perhaps the best representation of what a lawyer should be. He is responsive, intelligent, and available night and day. We could not think of a better choice for our files than Derek.’

‘DLA Piper LLP provides us with efficient expert support consistently.’

Key clients

Canadian Forest Products

Acreage Holdings, Inc.

Difference Capital Financial Inc.

Beanfield Technologies Inc.

Canaccord Genuity Corp.

TRG Group Benefits and Pensions Inc.‎

Accel-KKR and its portfolio company, Seequent

HEXO Corp.

CDW Canada Corp.‎

Tritium Partners

Wild Rose Brewery

Imperial Oil

Charlotte’s Web Holdings, Inc.‎ ‎

StorageVault Canada Inc. ‎

Granite Oil Corp. ‎

Work highlights

  • Advised Acreage Holdings on an ‎agreement whereby Acreage ‎‎shareholders will grant Canopy Growth the ‎option to acquire all of Acreage’s shares at such time as ‎‎federal legalization of Cannabis occurs in the US.
  • Acted for Canadian Forest Products in its acquisition of a 70% stake in Sweden-based VIDA Group for a ‎‎purchase price of around C$580m.
  • Represented DIF Infra 3 Canada in the sale of ‎its interest in ISL Health (Victoria) ‎General Partnership to ‎Innisfree

Lawson Lundell LLP

Vancouver-headquartered Lawson Lundell LLP stands out for its focus on Western and Northern Canada, where it is recognized as a strong performer in several core regional industries, including mining, agribusiness and energy. David Allard is widely regarded as a leader in British Columbia for M&A transactions, particularly in the areas of forestry and technology, while Valerie Mann is recommended for technology work; both are based in Vancouver.

Key clients

Canfor Corporation, Canadian Forest Products and Canfor Pulp Products Inc.

Barrick Gold Corporation

B2Gold Corp.

BC Hydro

Catalyst Paper Corporation (Paper Excellence)

Mosaic Forest Management Corp./ TimberWest Forest Corp and Island Timberlands LP

Westshore Terminals Investment Corp.

Earth’s Own Foods

SemiosBio Technologies Inc.

Courthouse Technologies Inc.

Buyatab Online Inc.

Hungerford Properties

Renewal Funds

Work highlights

  • Acted for B2Gold Corp on the sale of its operating El Limon and La Libertad gold mines, the Pavon Gold Project and additional mineral concessions in Nicaragua to Calibre Mining Corp.
  • Advised SemiosBio Technologies on its C$102m common share financing.
  • Represented Canadian Forest Products on the sale of its Vavenby Division woodland assets to Interfor Corporation.

McMillan LLP

McMillan LLP’s corporate and M&A practice brings together national teams in Calgary, Montréal, Toronto and Vancouver, and also benefits from an international platform in Hong Kong. The firm is active in a variety of industry sectors, with notable experience in energy, infrastructure and consumer products. Key contacts in Toronto include capital markets and M&A co-chair Paul Davis and national business law group coordinator John Clifford.

Practice head(s):

Paul Davis; John Clifford