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Mergers & Acquisitions

With expertise in the industries that matter most to the global business landscape, we have the proven experience to get deals done.

McCarthy Tétrault’s national Mergers & Acquisitions team brings the right combination of seasoned expertise and youthful energy to our clients’ most sophisticated and important matters. Our industry-specific approach, local depth and global experience ensures we deliver successful results.

Why Clients Choose Us

Deep Experience

Significant experience advising a wide range of transaction participants, from emerging companies to global conglomerates, in large and mid-market transactions, including mergers, acquisitions, divestitures, joint ventures and partnerships.

Industry Expertise

We are pioneers in the legal industry for our focus on developing industry-specific expertise amongst our lawyers, concentrating on industries that have strategic alignment with key sectors in the Canadian economy.

  • Agriculture
  • Automotive
  • Cannabis
  • Distressed Assets
  • Energy Transition
  • Infrastructure
  • Life Sciences
  • Mining
  • Oil & Gas
  • Power
  • Private Equity
  • Real Estate
  • Real Assets
  • Retail and Consumer Products
  • Technology
  • Transportation

Trusted Advice On Complex Issues

Often the first call for domestic and cross-border transactions that involve complex or novel issues. We specialize in advising clients on the largest and most innovative domestic and international deals, including special situations and corporate governance matters.

Global Presence

Borderless service from our offices across Canada’s major commercial centres and in New York and London. We routinely work closely and in concert with leading law firms in the U.S. and overseas.

Strategic And Practical

Commercial-minded, practical advice and deal-making with a relentless focus on managing risk, delivering value and getting the right deal done.

Business Advisors

As entrepreneurial thinkers and business people ourselves, we understand our clients’ businesses and we focus on their transaction objectives.

Select Recent Experience

Metals & Mining

Rio Tinto Group

US$3.3 billion

Acquisition of Turquoise Hill Resources

 (2023 M&A Deal of the Year, Canadian Law Awards)

Newcrest Mining Limited

US$19.2 billion

Acquisition by Newmont Corporation

Endeavour Mining

C$2.44 billion

Acquisition of TSX-listed Teranga Gold

Oil & Gas

Brookfield Infrastructure Partners L.P.

C$15 billion

Privatization of Inter Pipeline Ltd.

(2022 M&A Deal of the Year, Canadian Law Awards)

Enbridge Inc.

C$37 billion

Acquisition of Spectra Energy Corp. to create the largest energy infrastructure company in North America

Pipestone Energy Corp.

C$1 billion

Acquisition by Strathcona Resources

Power

Caisse de dépôt et placement du Québec

US$1.141 billion

Acquisition of the majority interest in Énergir Inc.

Direct Energy

US$3.625 billion

Acquisition by NRG Energy, Inc. 

(North America Conventional Power & Grid Infrastructure Acquisition of the Year, IJInvestor)

Cameco Corporation

US$7.875 billion

In their partnership with Brookfield Renewable to acquire Westinghouse Electric Company

Real Estate

Summit Industrial Income REIT

C$5.9 billion

Acquisition by JV between Dream Industrial REIT and GI

Blackstone/Pure Industrial

C$5.7 billion

Purchase of 300 industrial properties as part of the takeover bid of Comiar REIT

Slate Asset Management L.P.

US$2.33 billion

Acquisition of the Commercial Real Estate Business of Annaly Capital Management

Retail & Consumer Markets

Ritchie Bros. Inc.

US$7.3 billion

Acquisition of IAA Inc.

Nestlé S.A.

US$9.45 billion

Acquisition of Atrium Innovations Inc. (US$2.3B) and strategic alliance with Starbucks (US$7.15B)

Beiersdorf AG

C$590 million

Acquisition of Chantecaille Beaute Inc.

Tech & Telecom

BCE Inc.

Approx. C$4 billion

Acquisitions of Manitoba Telecom Services Inc. (C$3.9B), AlarmForce Industries Inc. (C$182M) and Axia NetMedia Corporation (Undisclosed)

Constellation Software Inc.

US$1.6 billion

in the spin-out of Lumine Group Inc. into a separate public company, and related acquisition by Lumine Group Inc. of US-based vertical market software provider, WideOrbit Inc.

Score Media and Gaming Inc. (“theScore”)

US$2 billion

Acquisition by Penn National Gaming, Inc.

Transportation

InstarAGF Asset Management, Partners Group and Kilmer Van Nostrand Co. Limited

Undisclosed

Sale of Billy Bishop Toronto City Airport’s passenger terminal to JP Morgan Asset Management

Brookfield Infrastructure Partners and GIC

US$8.4 billion

Acquisition of Genesee & Wyoming Inc.

Mubadala Capital, ParkJockey and Softbank

Undisclosed

Acquisition of Impark from a subsidiary of Ontario Teachers’ Pension Plan Board

Infrastructure

Brookfield Asset Management

£4.08 billion

Acquisition of HomeServe PLC

Blackstone Group and Benettons

EUR€58 billion

Buyout offer for Atlantia

Enercare Inc.

Undisclosed

Acquisition of all the issued and outstanding units of HydroSolution L.P. and HydroSolution Ltd.

Publications

Cross-Border M&A: Top 10 Considerations for U.S. Acquirers of Canadian Targets

Cross-Border M&A: Top 10 Considerations for U.S. Acquirers of Canadian Targets

Our market-leading M&A Group highlights the core issues, key considerations, pitfalls and opportunities for U.S. businesses and investors contemplating the acquisition of a Canadian target.

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Going Private guide cover image

Canadian Going Private Transactions

Understand the steps necessary to take a public company private from some of Canada’s leading transactional lawyers.

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Special Committees Cover image

Special Committees

An overview of some of the principal Canadian corporate and securities law considerations that apply to special committees, with an emphasis on special committees appointed in connection with M&A transactions.

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The Mergers & Acquisitions Review, Sixteenth Edition – Canada chapter

The Mergers & Acquisitions Review, Sixteenth Edition – Canada chapter

The Canada chapter of the sixteenth edition of The Mergers & Acquisitions Review provides a practical overview of recent M&A activity and the legal and regulatory frameworks governing M&A transactions. Focusing on recent developments and emerging trends, this helpful publication examines key issues that can affect business, including relevant competition law considerations, foreign involvement, and more.

Download the publication