Client Alert

Canada Deal Update

Client Alert

October 2009

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: 
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

• Alberta-based Superior Plus acquired Specialty Products & Insulation Co. of Pennsylvania for US$135 million (09/24/09). 
• Ontario-based Canadian Pension Plan Investment Board acquired part of Singapore's Flextronics' share in California-based Aricent for US$255 million (09/22/09). 
• Quebec-based Aptilon acquired the assets of Direct Medical Data, LLC and BLM Incorporated of Illinois for an estimated US$31.7 million (09/18/09). 
• Nevada's Sky Harvest Windpower Corp. acquired by British Columbia-based Keewatin Windpower Corp. in a reverse merger. The financial terms of the transaction were not disclosed (09/12/09). 
• Alberta's The Crossing Company Inc. acquired The HDD Company of California. The financial terms of the transaction were not disclosed (09/09/09). 
• Ontario-based Canada Pension Plan Investment Board purchased a 15% stake in eBay's Skype for US$300 million (09/07/09). 
• Presagis of Quebec acquired Massachusetts-based Seaweed Systems Inc. The financial terms of the transaction were not disclosed (09/02/09). 
• Alberta-based Calfrac acquired the Colorado-based well fracturing division of Pure Energy Assets for US$42.8 million (08/11/09). 
• Corix of British Columbia acquired a 50% stake in Alaska's Fairbanks Sewer & Water. The financial terms of the transaction were not disclosed (08/11/09) 
• The Caldwell Partners of Ontario acquired Cromwell Partners in New York. The financial terms of the transaction were not disclosed (08/10/09). 
• Quebec-based Lallemand acquired Wisconsin-based yeast company Lake States. The financial terms of the transaction were not disclosed (08/06/09). 
• Open Text of Ontario acquired Texas-based Vignette for approximately US$310 million (07/21/09). 
• Quebec-based Saputo acquired the operations of California's F&A Dairy for a cash consideration of US$44.5 million (07/21/09). 
• Quebec-based SNC-Lavalin acquired a 20% stake in New York's Astoria Energy II for US$70 million (07/03/09). 

United States into Canada

• Tennessee-based Astec Industries, Inc. acquired Ontario-based Industrial Mechanical & Integration. The financial terms of the transaction were not disclosed (09/30/09). 
• Texas-based Headworks Inc. acquired Hydroxyl Services Inc. of British Columbia to enhance its work on re-usable water systems. The financial terms of the transaction were not disclosed (09/18/09). 
• Florida-based One Holdings Corp. acquired 99.75% control of Toronto's Trade Finance Solutions. The financial terms of the transaction were not disclosed (09/10/09). 
• California's Arvato Digital Services acquired the assets of Vancouver-based leader in digital content distribution, Protexis. The financial terms of the transaction were not disclosed (09/09/09). 
• Private Equity-backed Global Knowledge Training LLC of North Carolina acquired the assets and operations of Ontario's Nexient Learning Inc. The financial terms of the transaction were not disclosed (08/12/09). 
• New York's Broadview Networks acquired certain assets of Ontario-based Natural Convergence. The financial terms of the transaction were not disclosed (08/07/09). 
• Washington-based WatchGuard acquired BorderWare Technologies of Ontario. The financial terms of the transaction were not disclosed (08/04/09). 
• PeriGen of New Jersey acquired the assets of LMS Medical Systems a Quebec-based provider of material-fetal monitoring technologies. The financial terms of the transaction were not disclosed (07/27/09). 
• New Jersey-based Avaya acquired Business Enterprise Solutions Arm of Ontario-based Nortel for US$475 million (07/20/09). 
• Alberta's Eveready acquired Clean Harbors of Massachusetts for US$409 million (07/17/09). 
• Exar Corporation acquired Ontario-based fobless semiconductor company, Galazar Networks. The financial terms of the transaction were not disclosed (07/02/09). 
• R.J. Corman of Kentucky acquired Railpower Technologies of Quebec. The financial terms of the transaction were not disclosed (07/01/09).

Canada into Emerging Markets

• Alberta-based Niko Resources acquired an additional 10% stake in the Qara Dagh production sharing contract in Iraq. The financial terms of the transaction were not disclosed (09/07/09). 
• British Columbia's Bayou acquired interests in three E&P licences in Iraqi Kurdistan. The financial terms of the transaction were not disclosed (09/01/09). 
• Ontario-based Alange acquired working interest in the Cubiro project in Colombia. The financial terms of the transaction were not disclosed (07/31/09).

Emerging Markets into Canada

• China Investment Corporation purchased a US$1.7 billion equity stake in Teck Resources of Vancouver, China's biggest-ever investment in a Canadian company (07/17/09).
• Saudi petrochemical company International Petroleum Investment Company acquired Alberta's Nova Chemicals for US$500 million (07/08/09).
• Kavveri of India acquired Quebec's Trackcom Systems. The financial terms of the transaction were not disclosed (07/03/09).

Keep Us Informed

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