Biggest B.C. (non-mining) mergers and acquisitions of 2020


Ranked by size of the deal in CAD

Published April 5, 2021. 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 2019; see also biggest stock and debt deals of 2020.

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2020.

Rank '21 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

Digital Colony Partners, EQT Infrastructure IV Fund

Zayo Group Holdings, Inc

May 8, 2019
March 9, 2020

Acquisition of Zayo Group Holdings, Inc by Digital Colony Partners and EQT Infrastructure IV Fund

Blake, Cassels & Graydon LLP (Counsel to Digital Colony Partners and EQT Infrastructure IV Fund)


$19.32 billion


Starlight Group Property Holdings Inc and KingSett Capital Inc

Northview Apartment Real Estate Investment Trust

February 20, 2020
November 20, 2020

Acquisition of Northview Apartment REIT by Starlight Investments, KingSett Capital and other investors

Blake, Cassels & Graydon LLP (Counsel to Starlight Investments, KingSett Capital and other investors)


$4.8 billion


Equinix, Inc (REIT)


June 1, 2020
October 1, 2020

Acquisition of Bell Canada's data centers by Equinix, Inc Two of these data centers are BC-based

Blake, Cassels & Graydon LLP (Counsel to Equinix, Inc)


$1.04 billion


Lululemon Athletica Inc

Curiouser Products Inc (dba: MIRROR)

June 29, 2020
July 7, 2020

Acquisition of MIRROR by Lululemon Athletica Inc

Blake, Cassels & Graydon LLP and Fenwick & West LLP (Counsel to Lululemon Athletica Inc)


$670.75 million


SmartSweets Inc

October 27, 2020
October 27, 2020

TPG Growth acquired an unknown majority stake in SmartSweets Inc from SmartSweets' management and other shareholders

Fasken Martineau DuMoulin LLP

Piper Sandler

$482.94 million

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