Interfor to acquire from Kilmer Group 100% of equity interest in Chaleur Forest Products (comprising Chaleur Sawmills and Fornebu Lumber entities) in New Brunswick for $325M.
Interfor Corporation (TSX: IFP) acquired 28,684,433 common shares of GreenFirst Forest Products Inc. (TSX: GFP) from Rayonier Advanced Materials Inc., being Rayonier's total holding, for CDN $56M.
Viridis Terra Innovations secured $3.25M seed financing with a group of angel investors led by Bruce McKean, Gestion ChaMarin, NEL-i, Sustainable Development Technology Canada (SDTC), and Québec City.
GreenFirst Forest Products Inc. completed $167.5M rights offering led by Senvest Management, LLC which invested $62.77M and becomes the largest shareholder and new control person.
Senvest Management and Blue Torch Capital to back GreenFirst Forest Products' US $214M acquisition of Rayonier Advanced Materials' lumber and newsprint facilities in Ontario and Québec
GreenFirst Forest Products to acquire lumber and newsprint businesses of former Tembec from Rayonier Advanced Materials for US $214M (85/15 in cash/GreenFirst stock). Senvest to backstop GreenFirst's US $75M rights offering.
InstarAGF Asset Management acquired PRT Growing Services Ltd. from TriWest Capital Partners. PRT's management team led by CEO Rob Miller will continue to lead the business.
Brookfield Asset Management disclosed another $701M worth West Fraser shares on TSX open market. Brookfield continues to own 9,913,974 shares or 4,757,089 shares upon settlement of swap for sale of 5,156,885 shares.
Brookfield Asset Management disclosed additional $207.4M worth West Fraser shares, following $229.5M sales in February, all on TSX open market. Brookfield continues to own 18,371,252 West Fraser shares (15.2%).
Drax Group plc (LSE: DRX) to acquire Pinnacle Renewable Energy (TSX: PL) from Onex's ONCAP II funds, Prospect Co., Ltd., other shareholders for $385M with an enterprise value of $831M
West Fraser Timber closed acquisition of Norbord from Brookfield Asset Management and other shareholders. Brookfield becomes largest shareholder of West Fraser ahead of founding Ketcham family and affiliates
BDC Capital Growth and Transition Capital provided $1.5M non-dilutive financing to Klassen Wood Co. Kyle Duignan, Director of Growth & Transition Capital, led the transaction
Canfor agreed to $16 per share privatization proposal by Jim Pattison' Great Pacific Capital Corp. with a total equity value of $2 billion
Jim Pattison's Great Pacific Capital proposed to take Canfor private, paying $16/share or $984M in cash to buy out minority shareholders