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 |
|---|---|---|---|---|---|---|---|
|
1
|
TELUS |
LifeWorks |
June 16, 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 |
NP |
$2.9 billion |
|
2
|
D-Wave Systems Inc |
DPCM Capital, Inc |
February 8, 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 |
NP |
$1.56 billion (1) |
|
3
|
Welltower Inc |
Regency Retirement Resorts |
October 11, 2021 |
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 |
NP |
$600 million |
|
|
4
|
Audax Private Equity |
Harbourfront Group of Companies / Harbourfront Wealth Management Inc |
July 14, 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 |
|
5
|
Tepkri Sarsang A/S |
ShaMaran Petroleum Corp |
July 12, 2021 |
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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