M&A/Exit Deals
BIGG Digital Assets acquires 100% of TerraZero Technologies
BIGG Digital Assets Inc. (CSE: BIGG) acquired 100% of TerraZero Technologies Inc., issuing 62M common shares of BIGG, valued at approximately $20M, to investors other than BIGG.
NCR makes US $10M strategic investment in Clip Money
NCR completed US $10M strategic investment in Clip Money Inc. and established a long-term, firmware exclusive, commercial collaboration. NCR become control person of Clip Money with 27.31% interest on non-diluted basis or 41.91% stake on partially diluted basis.
ELNA Medical Group acquires Physimed Health Group
Laurent Amram's ELNA Medical Group acquired Physimed Health Group from founders Gilles Racine and Dr. Albert Benhaim.
Cerba HealthCare to acquire Canadian Contract Research Laboratory CIRION
EQT Private Equity and PSP Investments backed Cerba HealthCare acquired CIRION BioPharma Research Inc. from founders Dr. Sylvain Desrochers and Dr. Lise Dallaire
Occidental to acquire Carbon Engineering for US $1.1B
Occidental to acquire 100% of Carbon Engineering Ltd. for US $1.1B from other investors, Chevron Technology Ventures, BHP Ventures, Airbus Group SE, Air Canada, First Round Capital Lowercase Ventures, Bill Gates, Thomvest Ventures, Starlight Ventures, and others.
Truelink Capital acquires Flipp
Truelink Capital acquired Flipp Corporation from General Atlantic, Insight Partners, founders, Wehuns Tan, David Au-Yeung, David Meyers and Matthew Cheung, and others.
Novo Nordisk to acquire Inversago Pharma for up to US $1.1B
Novo Nordisk A/S to acquire Inversago Pharma for up to US $1.075B from Forbion, New Enterprise Associates (NEA), adMare BioInnovations, Anges Québec Capital (AQC), Amgen Ventures, AmorChem, Fonds de solidarité FTQ, Genesys Ventures, JDRF T1D Fund, Tarnagulla Ventures Fund, and others.
Onex exits Celestica by way of US $140M secondary offering
Onex Corporation relinquished 60.3% voting control in Celestica and completed total exit with the sale of 6,757,198 SVS at US $20.75 for gross proceeds of US $140.212 million.
CDPQ to dispose $700M Alimentation Couche-Tard shares
Alimentation Couche-Tard to repurchase from Caisse de dépôt et placement du Québec (CDPQ) for cancellation of 10,820,837 shares at $64.69 for consideration of $700M.
Sun Life to take Dialogue Health Technologies private for $277M
Sun Life to acquire Dialogue Health Technologies from White Star Capital, CDPQ, Portage Ventures and others for $5.15 per share (43% of IPO price) for $365M or $277M to other minority shareholders. Management team led by Cherif Habib and Alexis Smirnov will roll over certain of their shareholdings and remain in their roles.
TPG’s Integrated Media Company to acquire Toon Boom for $147.5M
Corus Entertainment Inc. through Nelvana Limited to sell Toon Boom Animation Inc. to Integrated Media Company, a TPG platform, for CDN $147.5M
TransAlta to re-absorb TransAlta Renewables for $1.38B
TransAlta Corporation to re-acquire TransAlta Renewables Inc. for $3.47B or $1.38B to minority shareholders.
Egis to acquire McIntosh Perry from Signal Hill
Tikehau Capital, Caisse des Dépôts backed Egis to acquire McIntosh Perry and Beam, Longest and Neff, LLC from Signal Hill Equity Partners and other shareholders.
Cisco to acquire Accedian Networks
Cisco to acquire Accedian Networks from Bridge Growth Partners. Evercore acted as financial advisor, and Willkie Farr & Gallagher LLP and Stikeman Elliott LLP acted as legal counsel to Accedian.
Bunge to acquire Viterra for US $9B
Bunge Limited to acquire Viterra Limited from Glencore, CPP Investments, BCI for US $8.2B in a stock and cash transaction ($6.2B in stock, $2B in cash). Bunge will assume US $9.8B of Viterra debt (associated with $9B of highly-liquid Readily Marketable Inventories).
ZoomerMedia acquires Ludwig Van
ZoomerMedia acquired Museland Media Inc., publisher of Ludwig Van, from Michael Vincent for $1.1 million, comprised of $700k cash on closing, and a $400k vendor note
ZoomerMedia acquires Peak Media Collective for $5M
ZoomerMedia Limited acquired The Peak Media Collective from Taylor Scollon, Alex Blumenstein and Brett Chang for $5 million in cash and promissory notes.
Onex to sell 11.85M MVS Celestica shares for US $148.8M and maintains control – updated
Onex Corporation to sell 12M SVS (converting from 12M MVS) of Celestica Inc. at US $12.4 per share for US $148.8M in gross proceeds by way of secondary offering led by RBC Capital Markets. Onex will continue to maintain 60.7% voting control in Celestica.
