Lexpert Magazine

LEXPERT MAGAZINE | MARCH/APRIL 2018 39 | CANADIAN DEALMAKERS AWARDS | ment, and a commitment that Canpotex, a potash consortium majority-owned by Potash, will remain a reliable supplier of potash to China. In addition, Agrium has to sell off some US assets to address American regulatory concerns. With those concerns resolved, the US Federal Trade Commission ap- proved the deal, which closed on January 2, 2018. INVESTMENT BANK OF THE YEAR (BY VOLUME) TD Securities If you look at the omson Reuters "Any Canadian Involvement Announced Advi- sor Ranking," you'll find TD Securities worked on 49 of 583 deals. Some were very large. TD was part of the team advising AltaGas Ltd. in its $4.52-billion (all figures US$) purchase of WGL Holdings Inc., a Washington- based utility holding company. TD coun- selled Canadian Natural Resources on its $5.45-billion sale of its 60-per-cent interest in the Athabasca Oil Sands Project, jointly owned by Shell Canada Ltd., Marathon Oil Corp. and Chevron Canada Ltd. e bank advised Dominion Diamond Corp., a Yellowknife-based diamond miner, on its $1.45-billion sale to e Washington Cos. It was also in the syndicate advising Toromont Industries (another award win- ner) in its $1-billion acquisition of Hewitt Equipment Ltd., a Québec-based heavy equipment wholesaler. And TD was on for ViaWest Inc. in its $1.68-billion sale to Peak 10 Inc., a unit of GI Partners LLP, from Shaw Communications Inc. TD's investment bankers also advised L.B. Maple Treat Corp. on the $31.3-mil- lion acquisition of a Québec-based food manufacturer, and counselled Rogers Sugar Inc. on the $124.4-million purchase of L.B. Maple Treat. e bank was on for K-Bro Linen Inc. in its $46.3-million pur- chase of Fishers Topco Ltd., a UK-based laundry and dry-clean operator. It acted for Sprott Asset Management LP in the $34-million sale of its diversified fund business to an investor group. All told, the number for those deals added up to 49, earning TD top spot in this category. MID-MARKET INVESTMENT BANK OF THE YEAR (BY VALUE) TD Securities A mid-market deal, for the purposes of this ranking, is defined as a deal up to $1 billion (all figures US$) excluding equity carve-outs, withdrawn deals and open market repurchases. And it is a category TD Securities dominated by value. Its bankers underwrote scores of deals in that range, enough to add up to a win. When it came to counselling acquirers, TD advised Goldcorp Inc. in its $300-mil- lion purchase of a 25-per-cent ownership interest in Barrick Gold Corp.'s Cerro Casale project in Chile, done in a privately negotiated transaction. TD advised Lina- mar Corp. in its planned C$936.6-million acquisition of MacDon Industries Ltd., a Winnipeg-based manufacturer of farm machinery and equipment. e Bank also advised many target companies. TD was on for Cenovus when Whitecap Resources Inc. bought a 62-per- cent interest in the Whitecap's Weyburn Assets for an estimated C$940 million. It advised Skyline Apartment-Property, a Guelph-based real estate investment trust, on its $173 million sale of Skyline Apartment REIT's Hamilton Properties to Q Management LP, a unit of Conun- drum Capital. Its bankers acted on the $559.2-million sale of OneREIT's portfolio of 44 retail properties to Acquisitions Inc., a unit of Strathallen Capital Corp. And these are just a few of the many mid-market deals TD Securities worked on in 2017. MID-MARKET INVESTMENT BANK OF THE YEAR (BY VOLUME) TD Securities Teams from TD Securities were to be found advising both acquirers and targets on 49 deals last years, earning the Bank the crown for Mid-Market Investment Bank of the Year by volume. It advised Dream Office REIT, a To- ronto-based lessor of real estate property, on the sale of its 12 office buildings to an undisclosed buyer for $200 million. It ad- vised the company again when it sold off its Kitchener Waterloo portfolio to an undis- closed buyer for a total $140 million. TD was part of the group counselling Trimont Financial Ltd. when Trimont, a unit of e Wawanesa Mutual Insurance Co., ac- quired Western Financial Group Inc. from Desjardins Financial Corp. Inc., owned by Fédération des Caisses Desjardins du Québec, for an estimated $775 million. Repeat business also proved key to the volume proposition. TD advised Kew Me- dia Group Inc. on the acquisition of Media Headquarters Film & Television Inc., a Toronto-based provider of motion picture and video-related services, for $4.3 million. Kew also called on TD when it concur- rently bought or agreed to buy Content Media Corp. PLC, Architect Films Inc., Bristow Global Media Inc., Frantic Films Corp and Our House Media Inc. And the company again used TD Securities for the acquisition of Bristow Global Media Inc., a Toronto-based producer of films and vid- eos, for $7.1 million.

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