Client Alert

Canada Deal Update

January 2010

Chadbourne & Parke LLP, a New York-based international law firm, offers sophisticated legal counsel to Canadian companies and private funds conducting cross-border business to the United States and around the globe, with particular strength in emerging markets, energy, alternative energy, infrastructure and mining.

To help keep companies and funds apprised of current cross-border M&A and private equity deals that are Canada outbound and inbound, we have begun to track significant transactions in the regions where Chadbourne & Parke has offices and/or active practices. Chadbourne offers local law capability in the United States through our New York, Washington and Los Angeles offices and internationally in our Mexico City, London, Moscow, St. Petersburg, Warsaw, Kyiv, Almaty, Dubai and Beijing offices.

To learn more about what Chadbourne can do to serve your Canada outbound needs, please contact the head of our Canada practice, Jonathan Melmed, at +1 (212) 408-1002 or . 

Read about past Canada deals: 
October 2009 Canada Deal Update
July 2009 Canada Deal Update
April 2009 Canada Deal Update
January 2009 Canada Deal Update
October 2008 Canada Deal Update
July 2008 Canada Deal Update
April 2008 Canada Deal Update
March 2008 Canada Deal Update

Canada into the United States

• 4513614 Canada Inc. acquired New York's Barzel Industries Inc. together with Chriscott USA Inc. for US$75M in cash. (12/21/09)
• Fort Chicago Energy Partners of Alberta announces US$80M purchase of New York power facility from Northbrook New York, LLC. (12/21/09)
• Kentucky-based Ashland Inc. to sell wood rosin and terpenes business to Ontario's TorQuest Partners for US$60M in cash and a US$15M note. (12/15/09)
• Total Energy Services of Calgary to buy Virginia's DC Energy assets for US$42.4M. (12/10/09) )
• Quebec's Couche-Tard signs agreement to acquire fuel terminal facilities in Arizona from BP West Coast Products LLC. The financial terms of the transaction were not disclosed. (11/25/09)
• Ontario's BMO Financial Group announces agreement to acquire the Diners Club North American franchise from Citigroup representing net receivables of US$1B and US$7.8B in card transactions. (11/24/09)
• Rye Patch Gold of British Columbia to acquire 64% stake in Ren project, a joint venture between Homestake Mining of California, a subsidiary of Ontario's Barrick Gold Corp., and Centerra Gold, for US$42M. (11/20/09)
• Niko Resources of Alberta to acquire Tennessee's Black Gold for US$294.63M. (11/19/09)
• Bartell Morrison of Ontario acquires Independent Diamond Products of New Jersey. The financial terms of the transaction were not disclosed. (11/6/09)
• Connecticut-based IMS Health to be acquired by TPG and the Canada Pension Plan for US$4B. (11/5/09)
• Alberta's Superior Plus announces expansion of its US refined fuels business with a US$76M acquisition of certain assets of Griffin Energy Services of Maryland. (11/4/09)
• Groupe Aeroplan of Quebec to acquire Minnesota's Carlson Marketing for US$175.3M. (11/3/09)
• Ontario-based RioCan strikes US$181M deal with New York-based Cedar Shopping. (10/26/09)
• Information management company Reva Solutions of British Columbia acquires Washington-based Saltmine's Microsoft Business Unit. The financial terms of the transaction were not disclosed.(10/6/09)
• Alberta's The Crossing Company Inc., the leading provider of trenchless services in Canada, has acquired The HDD Company, of California. The financial terms of the transaction were not disclosed.(10/1/09)

United States into Canada

• Texas-based Powell Industries acquires business and assets of Alberta-based PowerComm for US$24.2M in cash and a potential subsequent pay up of US$7.6M. (12/17/09)
• Kinderhook Industries of New York to acquire British Columbia's International Absorbents for an estimated US$30.44M. (12/16/09) )
• Minnesota's Xata Corp. acquires Turnpike Global Technologies of Ontario, raises US$30M in venture capital. (12/10/09)
• Vermont's specialty coffee distributor Green Mountain acquires Ontario-based Timothy's Coffees for US$157M. (11/16/09) )
• Huron Capital Partners of Michigan acquires a majority stake in Maple Leaf Automotive of Ontario. The financial terms of the transaction were not disclosed. (11/9/09)
• New York's Game Day Entertainment, LLC offers to acquire Kangaroo Media Inc. for CDN$0.40 per share in an all-cash transaction. (11/6/09)
• California-based Bridgescale Partners leads US$11 million investment in Ontario-based IP address management leader BlueCat Networks. (11/2/09)
• Jaguar Mining of New Hampshire to purchase Gurupi gold property in Brazil from Ontario's Kinross Gold Corp. for US$39M. (11/2/09)
• Toronto-Based Varicent Software secures US$35M in funding to accelerate growth. (10/27/09)
• MFRI of Illinios announces joint acquisition of Gameau Inc.'s pipe coating and insulating facility in Alberta for CDN$12.25M. (10/27/09)
• Texas-based TGC Industries announces the acquisition of Alberta's Eagle Canada for US$10.3M. (10/19/09)

Canada into Emerging Markets

• Quebec's SNC-Lavalin acquires Brazilian engineering firm Marte Engenhania Ltda. The financial terms of the transaction were not disclosed. (12/22/09)
• British Columbia-based Ivanhoe subsidiary to merge with PanAsian Petroleum of Alberta, which holds oil and gas rights in Mongolia. The financial terms of the transaction were not disclosed. (09/22/11)

Emerging Markets into Canada

• Korea National to buy Alberta-based Harvest Energy for US$3.9B. (10/23/09)

Keep Us Informed

Upon closing of Canada-inbound and -outbound transactions, please notify us at for deal tracking purposes.