Biggest B.C. (non-mining) mergers and acquisitions of 2018

 

Ranked by size of the deal in CAD

Published April 2, 2019. 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

Scroll to the end 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 2018; see also biggest stock and debt deals of 2018.

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2018

Rank '19 Acquiring company Target company Date deal announced/closed Deal description Primary law firms involved Partial list of financial agents and advisers involved Deal value in CAD
1

Curaleaf Holdings Inc (formerly Lead Ventures Inc)
CSE:CURA
curaleaf.com

Curaleaf Inc (formerly PalliaTech Inc)
curaleaf.com

June 29, 2018
October 24, 2018

Reverse takeover and concurrent financing; Lead Ventures was a Vancouver-based junior mineral exploration company

Stikeman Elliott LLP (Curaleaf); Clark Wilson LLP (Lead Ventures), Dentons Canada LLP (GMP Securities)

GMP Securities LP, Cormark Securities, Eight Capital, Haywood Securities

$5.88 billion

2

Blackstone Property Partners
NYSE:BX
blackstone.com

Pure Industrial Real Estate
TSX:AAR.UN
piret.ca

January 9, 2018
May 24, 2018

Blackstone, the largest alternative investment firm in the world, acquired all outstanding trust units of PIRET. Prior to the transaction, PIRET was headquartered in Vancouver; it is now in Toronto

Osler, Hoskin & Harcourt LLP, Simpson Thacher & Bartlett LLP (Blackstone); Goodmans LLP (PIRET)

RBC Capital Markets, Citigroup (Blackstone); BMO Capital Markets, Greenhill & Co (PIRET)

$3.8 billion

3

Motorola Solutions
NYSE:MSI
motorolasolutions.com

Avigilon Corp
TSX:AVO
avigilon.com

February 1, 2018
March 28, 2018

Motorola Solutions acquired Avigilon in an all-cash transaction valued at US$1 billion

Baker & McKenzie (Motorola); Farris, Vaughan, Wills & Murphy (Avigilon)

Fort Capital, Morgan Stanley (Avigilon)

$1.23 billion

4

BC Hydro
bchydro.com

Teck Resources
TSX:TECK.B
teck.com

August 1, 2017
July 26, 2018

BC Hydro acquired Teck's two-thirds interest in the Waneta Dam in Trail and now owns 100% of the dam. Fortis had previously agreed to acquire Teck's portion of the dam

Lawson Lundell LLP (BC Hydro); Fasken Martineau DuMoulin LLP (Teck); Perkins Coie LLP (U.S. legal matters)

Fort Capital (BC Hydro); CIBC (Teck)

$1.2 billion

5

Innergex Renewable Energy Inc
TSX:INE
innergex.com

Alterra Power Corp
TSX:AXY
alterra.ca

October 30, 2017
February 6, 2018

Quebec-based Innergex Renewable Energy acquired British Columbia's Alterra Power Corp

Blake, Cassels & Graydon LLP (special committee, Alterra); Borden Ladner Gervais LLP (Alterra); McCarthy Tetrault LLP (Innergex)

BMO Capital Markets (Innergex); Marathon Capital, National Bank (Alterra); Raymond James (special committee, Alterra)

$1.1 billion

Want access to the full list and database?
Upgrade to a paid subscription.

We are glad you are enjoying BIV.com.
To get unlimited access to all of our online features, upgrade today.
Subscribe

Already a member? Login