Ranked by size of the deal in CAD
Published April 4, 2022. 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 2021.
For mining M&As, see biggest B.C. mining mergers and acquisitions of 2021.
| 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 |
|---|---|---|---|---|---|---|---|
|
1
|
Tilray Inc |
Aphria Inc |
December 16, 2020 |
Merger of Aphria Inc. and Tilray Inc |
Blake, Cassels, & Graydon LLP and Cooley LLP |
NP |
$10.28 billion |
|
2
|
Apollo |
Great Canadian Gaming |
November 10, 2020 |
Blake, Cassels & Graydon LLP, McMillian LLP / Akin, Gump, Strauss, Hauer & Feld LLP, Osler, Hoskin & Harcourt LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP |
NP |
$3.3 billion |
|
|
3
|
Diligent Corp |
ACL Services Ltd |
February 24, 2021 |
ACL Services Ltd. (dba Galvanize) acquired by Diligent for US$1 billion |
Fasken Martineau DuMoulin LLP; Willkie Farr & Gallagher LLP |
Evercore Inc.; Ernst & Young LLP |
$1.25 billion |
|
4
|
Drax |
Pinnacle Renewable |
February 8, 2021 |
Acquisition of target Pinnacle Renewable |
Stikeman Elliott LLP / Kirkland & Ellis LLP / Osler, Hosin & Harcourt LLP / Slaughter & May |
NP |
$831 million |
|
5
|
FNC Holdings Limited Partnership (First Nations, and Premium Brands Holding) |
Clearwater Seafoods |
November 9, 2020 |
Clearwater Seafoods entered into a definitive agreement with FNC Holdings Limited Partnership, representing a coalition of Mi'kmaq First Nations, and Premium Brands Holdings, pursuant to which they would acquire all of the outstanding shares of Clearwater Seafoods for approximately $537 million |
Osler, Hoskin & Harcourt LLP advised First Nations Finance Authority |
NP |
$537 million |
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