Public Deals
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.
Albemarle to invest $109M in Patriot Battery Metals
Albemarle Corporation to invest $109M in Patriot Battery Metals Inc. for 4.9% stake and to enter MOU to study viability of a downstream lithium hydroxide plant
IQ, Fonds de solidarité and Fondaction to invest US $74M in Lion Electric
Investissement Québec, Fonds de solidarité FTQ and Fondaction to invest US $74M in The Lion Electric Company as part of US $142M financing package. Largest shareholder Power Energy Corporation is not taking part in financing.
Cenovus extinguishes 84% of outstanding warrants for $711M
Cenovus Energy (TSX/NYSE: CVE) repurchased for cancellation all of the warrants (45,484,672 warrants) held by Li Ka Shing related entities for $711M.
Mithaq Capital ups Aimia stake to 31%
Mithaq Capital SPC acquired 9,234,500 common shares of Aimia (TSX: AIM) at $4.05 per share for $37.4M, increasing its stake in Aimia from 16,824,500 shares (19.99%) to 26,059,000 shares (30.96%)
E Automotive/E Inc delists from TSX
Intercap Equity Inc. controlled E Automotive Inc. d/b/a E Inc. to delist from TSX today and to close $21M private placement led by Intercap which is investing $20M
Coliseum Capital to invest additional up to US $150M in NFI Group
NFI Group Inc. entered into agreement with Coliseum Capital Management, LLC for investment of up to US $150M by Coliseum, up to US $175M from Coliseum private placement and an alternative offering
Intercap Equity controlled E Automotive to delist from TSX
Intercap Equity controlled E Automotive opted for delisting from TSX instead of a going-private transaction. Intercap to backstop $20M private placement to fund substantial issuer bid for cancellation up to $7.5M shares to "provide existing shareholders an opportunity for liquidity in advance of the voluntary delisting."
Thomson Reuters to return up to US $2.2B to shareholders
Thomson Reuters to return US $2.2B to shareholders through payment of US $4.67 cash per share and a stock reverse split. Thomson Reuters' controlling shareholder, The Woodbridge Company Limited, may increase holding if it opts out.
Beedie Investments invests additional $15M in LifeSpeak
Beedie Investments Ltd. invested additional $15M in LifeSpeak by way of a convertible loan, would become the largest shareholder upon full conversion, ahead of CEO and founder Michael Held and Round13 Capital.
Newmont disposes 15.1M Triple Flag Precious Metals shares
Newmont disposed 15.1M Triple Flag Precious Metals on open market for $179M in net proceeds after tax. Elliott Investment Management L.P. acquired additional 4.67M TFPM shares on open market bfor $77M increasing its holding to 134,587,637 TFPM shares (67%).
Milestone Pharmaceuticals secures US $125M funding from RTW Investments
Milestone Pharmaceuticals Inc. entered into US $50M convertible note and US $75M Etripamil royalty purchase agreements with existing shareholder RTW Investments, LP and certain of its affiliates.
NPC and IQ complete $40.15M investment in Taiga Motors
Taiga Motors closed $40.15M secured convertible debentures financing with Northern Private Capital (NPC) and Investissement Québec (IQ). NPC's Andrew Lapham, Michael Fizzell and Francis (Frank) Séguin and IQ's Marc Fortin will join Taiga board of directors.
Bird Global raises US $3M adding to US $30M Bird Canada acquisition financing
Bird Global, issued additional US $3M Convertible Senior Secured Notes, bringing total notes issuance to US $60M including $27M issued for the acquisition of Bird Canada and US $30M issued concurrent with acquisition.
Onex to surrender control in Celestica by converting MVS
Onex Corporation, the controlling shareholder of Celestica Inc., intends to convert all Celestica MVS to SVS, on 1-for-1 basis, reducing voting power from 81.9% to 15.3%. Letko, Brosseau & Associates Inc. will increase voting power to 10.5% from 2.3%.
Evertz proposes to acquire Haivision Systems for $131M
Evertz Technologies Limited proposed to acquire Haivision Systems at $4.5 per share for approximately $131M or $118M from founder Miroslav (Mirko) Wicha, Thomas O. Hecht and other shareholders.
CDPQ sells additional $400M CGI shares under NCIB
CGI to purchase for cancellation of 3,344,996 of Class A subordinate voting shares held by CDPQ for $119.58 per share for $400M. CDPQ will reduces stake to below 10% (8.2%) continuing to hold 19.18M Class A shares.
