Biggest B.C. (non-mining) mergers and acquisitions of 2017

 

Ranked by size of the deal in CAD

Published in BIV's print edition on April 3, 2018. Updated May 10, 2018: Fort Capital Partners, Foro LLC and KPMG were not included in #9 in the print version.

Scroll down to download the list, as well as versions from previous years. One of two lists that make up the Top 100 Corporate Finance Deals of 2017; see also biggest stock and debt deals of 2017. Sources: Interviews with companies below, agents and/or advisers and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement. NP = Not provided

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2017

Rank '18 Acquiring company Target company Closing date Description of the deal Primary law firms Partial list of financial agents and advisers Deal value in CAD
1

MDA (1)
TSX:MAXR
mdacorporation.com

DigitalGlobe Inc
NYSE:DGI
digitalglobe.com

05-Oct-17

Revolving credit facility, operating facility and term loan A and loan B facilities for working capital and to fund cash cost of the acquisition of the global leader in high-resolution Earth imagery

Stikeman Elliott, O'Melveny & Myers, Farris, Vaughan, Wills & Murphy LLP, Vinson & Elkins LLP, Norton Rose Fulbright Canada LLP, Paul Hastings LLP

BMO Capital Markets, Bank of America Merrill Lynch, RBC Capital Markets, PJT Partners, Barclays, CIBC Capital Markets, Wells Fargo, TD Securities, Scotia, HSBC, National Bank

$4.7 billion

2

Parkland Fuel Corp
TSX:PKI
parkland.ca

Chevron Canada R&M ULC
chevron.ca

01-Oct-17

Acquisition of Chevron Canada's downstream fuels business in B.C. including 129 Chevron-branded retail service stations principally located in Metro Vancouver; 37 commercial cardlock and three marine fuelling locations; a refinery, terminals and a wholesale business

Osler, Hoskin & Harcourt LLP (cousnel to target), Bennett Jones LLP, McCarthy Tetrault LLP, Paul Weiss Rifkind Wharton & Garrison LLP

Bank of America Merrill Lynch, National Bank Financial, TD Securities, Goldman Sachs & Co LLC

$1.5 billion

3

Global Payments Inc
NYSE:GPN
globalpaymentsinc.com

ACTIVE Network
activenetwork.com

01-Sep-17

Vista Equity Partners sold the communities and sports divisions of ACTIVE Network

Blake, Cassels & Graydon LLP (counsel to seller)

NP

$1.2 billion

4

Ritchie Bros Auctioneers Inc
TSX, NYSE:RBA
rbauction.com

IronPlanet
ironplanet.com

31-May-17

Acquisition of IronPlanet for US$758.5 million and entered a five-year strategic alliance with Caterpillar, as its preferred global partner for live on-site and online auctions for used Cat equipment

McCarthy Tetrault LLP, Skadden, Arps, Slate, Meagher & Flom LLP, Dechert LLP, Lawson Lundell LLP, Dorsey & Whitney LLP, IronPlanet's internal legal group, Orrick, Herrington & Sutcliffe LLP, Osler, Hoskin & Harcourt LLP

NA

$974.9 million

5

Netmarble
KOSE:A251270
netmarble.com

Kabam Vancouver
kabam.com

24-Feb-17

Acquisition of Vancouver gaming studio

Osler, Hoskin & Harcourt LLP, Kim & Chang, Ropes & Gray LLP, O'Melveny & Myers LLP

Bank of America Merrill Lynch

$939.2 million

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