Biggest B.C. (non-mining) mergers and acquisitions of 2022


Ranked by size of the deal in CAD

Published April 5, 2023. 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 2022; see also biggest stock and debt deals of 2022.

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2022.

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



June 16, 2022
September 1, 2022

Telus acquired all of the issued and outstanding common shares of LifeWorks for $33.00 per LifeWorks common share, representing total consideration of approximately $2.3 billion, in addition to the assumption of net debt of approximately $600 million

Osler, Hoskin & Harcourt LLP, Skadden, Arps, Slate, Meagher & Flom LLP, Stikeman Elliott LLP, Clifford Chance LLP


$2.9 billion


D-Wave Systems Inc

DPCM Capital, Inc

February 8, 2022
August 5, 2022

D-Wave Systems Inc.'s business combination with DPCM Capital, Inc., a publicly traded special purpose acquisition company, in a deal with an implied value of US$1.2 billion

Blake, Cassels & Graydon LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP


$1.56 billion (1)


Welltower Inc

Regency Retirement Resorts

October 11, 2021
January 11, 2022

Regency Retirement Resorts, the owners of a portfolio of active lifestyle retirement homes in the Okanagan, on the sale of nine independent-living retirement residents to Welltower Inc., a U.S.-based real estate investment trust that invests in seniors housing and other health-care infrastructure

McCarthy Tetrault


$600 million


Audax Private Equity

Harbourfront Group of Companies / Harbourfront Wealth Management Inc

July 14, 2022
September 9, 2022

The Harbourfront Group completes transaction with leading US-based investment firm Audax Private Equity

Fasken Martineau DuMoulin LLP; Stikeman Elliott LLP; Kirkland & Ellis LLP

Raymond James Ltd

$475 million


Tepkri Sarsang A/S

ShaMaran Petroleum Corp

July 12, 2021
September 14, 2022

ShaMaran Petroleum Corp. announces closing of the acquisition of TEPKRI Sarsang A/S

Fasken Martineau DuMoulin LLP; Vinson & Elkins

Moelis & Company UK LLP; Jefferies LLC

$221.22 million (1)

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