The deal is expected to close by the third quarter of 2024, at the earliest, due to the expected length of the necessary government review.
In the banking sector, Stikeman Elliott is acting as legal advisor to Nuvei Corporation in its $8.5 billion (US$6.3 billion) sale to Advent International. The transaction is backed unanimously by Nuvei’s board, advised by financial and legal experts, and involves a statutory plan of arrangement, requiring various shareholder approvals and is expected to be finalized by early 2025.
McCarthy Tétrault LLP
McCarthy Tétrault, led by partners Eva Bellissimo and Shea T. Small, advised Newcrest Mining in its sale to Newmont Corporation in a deal completed on November 6, 2023. The acquisition bolsters Newmont’s position as a gold mining leader, bringing 10 Tier 1 operations supporting future gold and copper production. Post-transaction, Newmont and Newcrest shareholders own 69 percent and 31 percent of the combined entity, respectively.
A more recent deal that McCarthy Tétrault is involved in mdf commerce’s $255 million buyout by US investment firm Kohlberg Kravis Roberts & Co. LP (KKR). The transaction follows a series of privatizations of technology companies listed on the Toronto Stock Exchange.
McCarthy Tétrault and Foley & Lardner are serving as Canadian and US legal counsel, respectively, to mdf commerce, while Scotiabank is acting as the exclusive financial advisor. Desjardins is providing an independent fairness opinion to the mdf commerce Board of Directors. McCarthy Tétrault is assisting mdf commerce with a team led by Hadrien Montagne and Vincent Laurin.