BLG Deals & Suits

Alaris Equity Partners complete $75.3 million investment in Kubik

Thu, 02 Apr 2026 00:00:00 Z

On April 2, 2026, Alaris Equity Partners (TSX:AD.UN) ("Alaris") completed a $75.3 million investment into Kubik LP (Kubik). Kubik is a Toronto based, full-service designer and fabricator of custom tradeshow exhibits, brand activations and immersive environments for museums, handling everything from concept and fabrication to installation and logistics for its global clients.

The $75.3 million Kubik investment consists of a $62.5 million investment in debt and preferred equity as well as an investment of $12.8 million in exchange for a minority common equity ownership in Kubik. The proceeds from the Kubik investment were used to provide partial liquidity to existing Kubik shareholders.

BLG represented Kubik with a team led by Stefan Timms that included Stephen Nguyen, Valérie Olivier, Julia Russell and Mark Abdelsayed (Corporate); Steve Suarez and Jamin Chen, Jingcai Ying (Tax); Christine Mason and Luca Vita (Financial Services); Noah Burshtein and Andrew Zinman (Labour & Employment) and Tamila Ivanov (Real Estate).

Future of Sport Commission delivers final report on sport reform in Canada

Tue, 31 Mar 2026 00:00:00 Z

The Future of Sport in Canada Commission, led by Commissioner Lise Maisonneuve, former Chief Justice of the Ontario Court of Justice, has delivered its final report outlining findings and recommendations on how to improve safe sport and the sport system in Canada from the grassroots to high performance. The independent review provides a roadmap for change focused on prevention, response, and support in safe sport, and on renewed leadership, alignment, governance, funding and investment across the Canadian sport system.

Established in December 2023, the Commission engaged thousands of participants, including victims and survivors, sport participants, subject-matter experts, academics, advocates, sport organizations and governments, through a nationwide engagement process, which included a public online submission portal, meetings, in-camera sessions, subject-specific and regional roundtables, a public online survey and a National Summit on the Future of Sport in Canada, which took place in Ottawa in September 2025.

The Commission’s 98 Calls to Action urge coordinated reform to make sport in Canada safe, accountable and inclusive. They call for consistent safe sport standards and accessible complaint pathways nationwide (moving toward a single Pan-Canadian Safe Sport Authority); fair, trauma-informed resolution processes with meaningful sanctions and supports; and prevention-focused investments in education, background screening, safeguarding officers, and a pan-Canadian registry of sanctioned individuals in sport. The final report also calls for stronger leadership and oversight through intergovernmental collaboration and the creation of a Centralized Sport Entity, mandatory governance standards, and greater system efficiency, supported by a renewed funding strategy with clear conditions, monitoring and audits. The Commission finally calls for coordinated action to reduce financial barriers, improve sport infrastructure, and advance equity, diversity, and inclusion, including fulfilling the Government of Canada’s commitments under the Truth and Reconciliation Commission’s Calls to Action related to sport, respecting Indigenous self-determination, and ensuring Indigenous perspectives inform implementation of the Commission’s final report.

BLG was legal counsel to the Commissioner – led by Nadia Effendi, alongside Karine Fahmy and Chanel Maillet Glas. The firm’s deep expertise in administrative and public law, combined with the team’s experience managing sensitive reviews and inquiries, positioned them to navigate the complex privacy, access to information, constitutional and public law issues inherent in this mandate. The firm provided strategic counsel throughout the Commission’s activities, including during the engagement process, the drafting of both reports, and the National Summit on the Future of Sport in Canada.

Read the full report here: Future of Sport in Canada Commission Final Report Transforming Sport in Canada: Time for Action - Canada.ca

InnVest Hotels acquires Hotel Grand Pacific in Victoria

Tue, 31 Mar 2026 00:00:00 Z

InnVest Hotels, Canada's largest owner and operator of hotels, completed its acquisition of the Hotel Grand Pacific in Victoria, British Columbia on March 31, 2026. The 304-room luxury hotel sits prominently on Belleville Street in Victoria's Inner Harbour. The hotel features premium amenities including a 25-metre lap pool and the 14,000-square-foot Victoria Athletic Club.

The acquisition represents InnVest's strategic entry into the Victoria hospitality market, adding a landmark waterfront property to its diverse portfolio of internationally recognized hotel brands. The deal marks the latest in a series of acquisitions by InnVest, reflecting its recent growth trajectory, including the purchase of 10 hotels from Morguard Corporation in 2024.

BLG represented InnVest Hotels on all aspects of the transaction with a team led by Mario Rubio (Real Estate) that included Avnit Dhaliwal (Real Estate), Shelley-Mae Mitchell and Sam Stepney (Labour and Employment), Sean Muggah and Eric Little (Corporate), Robert Biggar, Scott Gorski, and Olivia Ruvo (Tax), Kathleen Lemieux (Intellectual Property) and Chris Roine and Claudia Wheler (Indigenous Law).

Desjardins completes $1.67 billion take-private acquisition of Guardian Capital Group Limited

Mon, 23 Mar 2026 00:00:00 Z

On March 23, 2026 Guardian Capital Group Limited (Guardian) completed its $1.67 billion take-private acquisition by Desjardins Global Asset Management Inc. (DGAM), one of the largest transactions in the Canadian independent asset management sector in recent years.

The transaction was completed by way of a statutory plan of arrangement, with DGAM acquiring all issued and outstanding shares of Guardian for $68 per share (other than shares held by certain rollover shareholders). Guardian and DGAM now oversee approximately $280 billion in combined assets under management and advisement. The transaction follows Desjardins' 2023 acquisition of Guardian's Worldsource business for $750 million, where BLG acted for Guardian.

BLG represented Guardian with a team led by partners Carlos Cerqueira, Tim McCormick and Andrew McLean that included Frazer House, Galen Flaherty, Francesca Lee, Ben Fuhrmann, Stephen Nguyen, Patrice Martin, and Matthew Shuman (M&A/Corporate); Michael Taylor and Julie Mansi (Investment Funds Regulatory); Steve Suarez, Grace Pereira, and Jingcai Ying (Tax); Jason Howg (Intellectual Property); Graham Splawski and Natalia Paunic (Litigation); Tamila Ivanov (Real Estate); James Fu (Employment); and Denes Rothschild (Competition).

The Standard to sell Canadian voluntary benefits business to Blue Cross Life

Thu, 19 Mar 2026 00:00:00 Z

StanCorp Financial Group Inc. (The Standard) has entered into a definitive agreement with Blue Cross Life Insurance Company of Canada to sell its Canadian voluntary benefits business, currently marketed under the Allstate brand. BLG is acting as counsel to The Standard.

The business provides critical illness insurance and accident insurance products to over 170,000 employees and their families across Canada. The transaction will strengthen Blue Cross Life's presence in the voluntary benefits market while allowing The Standard to focus on its core U.S. strategic priorities.

The transaction remains subject to regulatory approvals and other customary closing conditions, including approval of the Superintendent of Financial Institutions of Canada.

BLG’s team was led by Rick Da Costa and Frazer House and included Joyce Chiu, Galen Flaherty and Surajreet Singh (M&A), Guillaume Talbot-Lachance, Erin VanderVeer and Abby Shine (Insurance Regulatory), Danny Lang and Owen Clarke (Tax), James Fu and Jeff Mitchell (Employment and Benefits), Denes Rothschild (Competition/Foreign Investment), Eric Boehm (IT and IP), and Jennifer Ponton (Trademarks).

Waterloo Regional Health Network acquires future hospital site from University of Waterloo

Thu, 12 Mar 2026 00:00:00 Z

Waterloo Regional Health Network (WRHN) completed its acquisition of vacant land from the University of Waterloo, securing the site for a new acute care hospital for Waterloo Region.

The site, adjacent to the University of Waterloo's North Campus near the David Johnston Research + Technology Park, has been publicly identified as the future home of Waterloo Region's new hospital. The location is intended to strengthen connections between healthcare delivery, research, education, and innovation, and to support Waterloo Region's long-term growth and evolving care needs. The province reaffirmed its commitment to advancing the project in July 2025 with a $10 million grant to support planning the new hospital.

BLG's role as WRHN's counsel included a competitive procurement for site selection, negotiation of the purchase agreement, and other definitive agreements, and the legal work required to bring the acquisition to completion and position the project for next steps.

BLG represented WRHN with a team led by Brennan Carroll and Courtney L. Po that included Ryma Nasrallah and Kasim Salim as well as a number of other lawyers, paraprofessionals and members of the business services team.

Remsoft Acquires INFLOR, Expanding Global Forest Intelligence Platform

Fri, 06 Feb 2026 00:00:00 Z

Remsoft Inc., a global leader in Forest Intelligence solutions, completed its acquisition of INFLOR, a Brazilian forestry technology company specializing in forest management systems with over 20 years of experience serving customers across South America, North America, and Europe.

The acquisition advances Remsoft's vision of a connected, cloud-based Forest Intelligence Platform that brings together data, planning, optimization, and operational execution to power smarter decisions across the global forestry value chain. The transaction, supported by private equity firm Banneker Partners, has allowed Remsoft to advance its ongoing growth strategy to build a unified, cloud-based ecosystem that connects every stage of the forest value chain through targeted investments and global expertise.

BLG represented Remsoft with a team led by partner Frazer House that included associate Akaash Viswanathan (Corporate/M&A), Danny Lang (Tax), and Eric Boehm and Shane Morganstein (Information Technology).

Cadre Holdings completes acquisition of TYR Tactical

Mon, 02 Feb 2026 00:00:00 Z

On February 2, 2026, Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre" or “the Company"), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, completed the acquisition of TYR Tactical, LLC, a leading global manufacturer of tactical gear and equipment for military, law enforcement, and government agencies worldwide.

The purchase price consisted of US$120.0 million of cash and US$24 million of Cadre common stock, as well as US$1 million of Cadre common stock in the form of restricted stock unit awards to be granted to certain employees of TYR Tactical. In addition, the seller will be eligible to receive up to US$25 million in additional contingent earn-out consideration, payable in cash, unregistered shares of common stock, or a combination thereof, at the Company's discretion, based on the achievement of specified net revenue targets for the calendar years 2026, 2027, and 2028. Immediately following the transaction, the Company acquired certain real property owned by an affiliate of TYR Tactical for US$30 million of cash.

BLG represented Cadre on the Canadian aspects with a team led by Stefan Timms that included Valérie Olivier and Claudie Fournier-Turmel (Corporate); Brent Rushton (Real Estate); Noah Burshtein and Tommy Hong (Benefits); Denes Rothschild (Foreign Direct Investment); Steve Suarez (Tax); Graeme Hamilton (Trade/Defence Regulatory); Giselle Chin and Any Obando Ospina (Intellectual Property); Candice Hevin, Elisabeth Lesage-Bigras and Matt Saunders (Privacy/Data Security); and Claire Durocher (Environmental).

CANEX Metals completes hostile take-over bid of Gold Basin Resources, marking rare successful hostile bid in Canada

Mon, 02 Feb 2026 00:00:00 Z

CANEX Metals Inc. (TSX.V:CANX) completed its hostile take-over bid of Gold Basin Resources Corporation (TSX.V:GXX), representing the second successful start-to-finish hostile bid in Canada since regulatory reforms took effect in 2016.

The acquisition advances CANEX's consolidation of an oxide-gold district project in Northern Arizona, an area with large defined gold trends, multiple known deposits, and significant exploration upside. With majority control, CANEX plans to streamline governance, resolve regulatory issues, and accelerate development of the district.

The transaction was the first take-over bid ever launched against a cease-traded issuer in Canada, requiring navigation of complex regulatory requirements. The completion provides a resolution for Gold Basin shareholders while allowing CANEX to advance its strategic objectives and establishes precedent for future transactions involving distressed public companies.

BLG represented CANEX Metals with a team led by Fred Pletcher, Cameron MacDonald and Francesca Lee alongside Steve Warnett and Curtis Fawcett.

ACCO Brands completes the acquisition of EPOS

Fri, 30 Jan 2026 00:00:00 Z

On January 30, 2026, ACCO Brands completed the acquisition of EPOS, a Denmark based global leader in premium commercial and enterprise audio accessories.

BLG represented ACCO on the Canadian aspects with a team led by Stefan Timms that included Stephen Nguyen, James Fu, Francis Jacob and Lora DiClemente.

Waabi secures $1 billion in new funding to lead Physical AI revolution

Wed, 28 Jan 2026 00:00:00 Z

On January 28, 2026, Waabi, the leader in Physical AI, announced it closed its oversubscribed US$750M Series C round co-led by Khosla Ventures and G2 Venture Partners, and secured an additional milestone-based future investment from Uber to support a new partnership to deploy robotaxis powered by the Waabi Driver exclusively on the Uber platform. The funding, the largest fundraise in Canadian history, will fuel the continued advancement of Waabi's Physical AI Platform, further accelerate the company's commercial progress in autonomous trucking, and support Waabi's expansion into robotaxis.

Waabi's US$750M Series C round includes participation from global leaders in AI, transportation, and the Canadian ecosystem. In addition to the lead investors, Khosla Ventures and G2 Venture Partners, Waabi's Series C includes participation from strategic investors, such as Uber, NVentures (NVIDIA's venture capital arm), Volvo Group Venture Capital, and Porsche Automobil Holding SE, as well as financial investors: funds and accounts managed by BlackRock, Radical Ventures, HarbourVest Partners, a wholly owned subsidiary of the Abu Dhabi Investment Authority, Linse Capital, Incharge Capital, and others. The company's Series C raise also includes the participation of best-in-class Canadian investors: BDC Capital's Thrive Venture Fund, Export Development Canada (EDC), TELUS Global Ventures, BMO Global Asset Management, and others.

BLG represented Porsche Automobil Holding SE and Incharge Capital with a team led by Stefan Timms that included Valérie Olivier (Corporate), and Denes Rothschild (Competition).

Kiwa ASI expands its Canadian presence with acquisition of TSLC

Tue, 20 Jan 2026 00:00:00 Z

On January 20, 2026, Kiwa ASI, a leading provider of food safety inspections, certifications, training, and consulting services, announced its acquisition of TSLC, a Canadian certification body with experience in CanadaGAP audits and certifications. This strategic partnership expands Kiwa ASI's footprint in Canada and strengthens its presence in the agriculture sector of the food industry.

With experienced staff and trusted auditors located across Canada, TSLC is one of five approved licensed certification bodies for the CanadaGAP program, holding more than 30 per cent market share, making them the second-largest certification body for CanadaGAP.

BLG represented Kiwa with a team led by Stefan Timms that included Valérie Olivier and Claudie Fournier-Turmel (Corporate), Odessa O'Dell (Labour & Employment), Jason Mueller-Neuhaus and Karine Papillon (Intellectual Property), and Olivia Ruvo (Tax).

Van Elle completes sale of its Canadian Subsidiary

Fri, 19 Dec 2025 00:00:00 Z

On December 19, 2025, Nottingham-based engineering group Van Elle announced that it had completed the sale of its Canadian operations to 1560169 B.C. Ltd, an SPV established for the purpose of this transaction by Canadian rail contractor Remcan Projects LP, a portfolio company of Canadian private equity fund, Yellow Point Equity Partners.

Under new ownership, Van Elle Canada is expected to have access to “greater local resources to pursue the considerable opportunities identified in Ontario and beyond, and to build on the progress made since Van Elle entered the Canadian market in 2023".

BLG represented Van Elle with a team led by Stefan Timms that included Salvador Pimentel, Jordan Kay, Karen Jung, Indy Anderson, Merrit Loh and Ian Hunter (Corporate); Robert Biggar (Tax); Gautam Dhillon (Construction); Éléa Hardy-Charbonnier (FSG); and James Fu (L&E).

BLG advises MCA Dental Group on acquisition by 123Dentist

Mon, 01 Dec 2025 00:00:00 Z

BLG advised MCA Dental Group Limited, an Ottawa-based dental support organization backed by healthcare private equity firm Persistence Capital Partners, on its acquisition by 123Dentist, one of Canada's fastest growing dental support organizations. The transaction involved MCA's 27 clinic locations across Ontario and Québec.

Neil Hazan and Manon Gauthier led the BLG team which included Valérie Olivier, Claudie Fournier-Turmel, Matteo Grandillo, Carlos Cerqueira, Linda Varjan, Adriana Poloni (Corporate), Joe Takhmizdjian, Olivia Ruvo, Félix Picard-Mandeville (Tax), Catherine Pronovost, Noah Burshtein (Employment), James Fu (Pension & Benefits), Christine Laviolette (Health Regulatory), Pascale Dionne, Maxim Laganière, Nathalie Olivier (Financial Services), and Zev Smith (Disputes).

BLG has maintained a long-standing relationship with MCA Dental and Persistence, supporting their strategic healthcare platform expansion across Québec and Ontario over multiple years.

John Wood PLC completes US$110 million sale of its North American T&D business to Qualus LLC

Fri, 31 Oct 2025 00:00:00 Z

On October 31, 2025, John Wood PLC (“Wood"), a global leader in consulting and engineering, completed the sale of its North American Transmission and Distribution engineering business to Qualus LLC for an enterprise value of US$110 million and cash proceeds of approximately US$105 million net of transaction costs.

This transaction supports Wood's strategy to reduce debt and streamline operations, while enabling Qualus to expand its expertise and footprint across North America.

BLG represented Wood on the Canadian aspects with a team led by Miles Pittman that included Arba Radaj (M&A); and Jennifer Hanna (Tax).

BLG congratulates Capstone on the launch of Canada’s first biblically informed ETFs

Thu, 30 Oct 2025 00:00:00 Z

Borden Ladner Gervais LLP (BLG) is pleased to congratulate Capstone Asset Management Inc. (Capstone) on the successful launch of the ETF series units of its two new mutual funds, Capstone Biblically Informed Canadian Equity Fund (TSX: BIVC) and Capstone Biblically Informed U.S. Equity Fund (TSX: BIVU) (collectively, the Funds), on the Toronto Stock Exchange. Each of the Funds is denominated in Canadian dollars and offers ETF series units and mutual fund series units.

With the launch of the Funds, Capstone became one of the first investment fund managers in Canada to introduce broadly accessible biblically informed investment options. In addition, Capstone is one of only two British Columbia-based managers currently offering ETFs as part of their product line-up.

The BLG team advising Capstone included: Jason Brooks, Robert Wallis, Whitney Wakeling, Ashley Wong, Craig Webster and Robert Biggar.

We extend our congratulations to Capstone on this milestone launch and look forward to continuing to support their success in the Canadian investment management industry.

BLG has experience in all aspects of investment management, including: fund formation, listing of ETFs, offering document and continuous disclosure preparation and review, exemptive relief applications and much more. For more information on any of the above topics please feel free to reach out to your usual BLG lawyer or the lawyers named above.

Neighbourhood Holdings acquires Fisgard Asset Management, creating one of Canada's largest alternative mortgage lenders

Mon, 20 Oct 2025 00:00:00 Z

On October 20, 2025, Neighbourhood Holdings Ltd. completed its landmark acquisition of Fisgard Asset Management Corporation (Fisgard), creating one of Canada's largest mortgage investment entities and marking a major milestone in Canada's alternative mortgage industry.

This transaction marks a significant consolidation and brings together two of the country's most respected alternative mortgage lenders. The combined business will have over $750 Million in assets under management (AUM) across 1,550 mortgages, 60+ employees, and over 3000 investors, serving brokers and borrowers from coast to coast. Moreover, the combined business will unlock competitive rates and flexible solutions to the nearly 5,000 mortgage brokers the two firms have collectively worked with in recent years.

BLG represented Fisgard with a team led by Andrew Hennigar that included Darcy Toy, Jordan Kay and Jacqueline Lee (M&A); Jason Brooks (Investment Management); Rob Biggar and Olivia Ruvo (Tax); James Fu, Lisa Carlson and Tommy Hong (Labour & Employment).

Remsoft acquires Australian forestry technology firm LOGR

Mon, 20 Oct 2025 00:00:00 Z

On October 20, 2025, Remsoft Inc., a global leader in forest intelligence solutions, acquired LOGR, an Australian forestry technology company recognized for its innovative real-time data capture and operational multi-party analytics platform.

The acquisition supports Remsoft’s vision of a modular, data-driven platform that serves everyone in the forest sector, from landowners and contractors to public agencies and investors. Together, Remsoft and LOGR will deliver a single source of truth for forestry operations — from harvest planning to mill delivery — helping companies reduce reporting time, minimize manual data entry, and make faster, data-driven decisions that improve profitability, transparency and sustainability.

BLG represented Remsoft with a team led by Frazer House that included Akaash Viswanathan and Alexander Filip (M&A), and Danny Lang (Tax).

This cross-border acquisition builds on Remsoft’s ongoing growth strategy, supported by Banneker Partners, to strengthen and expand its Forest Intelligence Platform through targeted investments. It follows Remsoft’s earlier integration of geospatial and telematics capabilities through its partnership with Lim Geomatics.

Carcetti Capital Corp. completes brokered and non-brokered private placements for aggregate gross proceeds of $756 million

Mon, 06 Oct 2025 00:00:00 Z

On October 6, 2025, Carcetti Capital Corp. completed brokered and non-brokered private placements of subscription receipts for aggregate gross proceeds of $756 million. The syndicate of underwriters under the brokered offering was led by Scotiabank, as lead underwriter and sole bookrunner, and included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., Stifel Nicolaus Canada Inc. and Agentis Capital Markets.

The Company will use a portion of the proceeds from the financings to fund the cash consideration contemplated in the definitive agreement to acquire a 100% interest in the Hemlo Gold Mine in Ontario, Canada from wholly-owned subsidiaries of Barrick Mining Corporation.

BLG is representing Carcetti with a team led by Graeme Martindale and including Kent Kufeldt, Fred Pletcher, Salvador Pimentel, James Cantwell, George Collister, Merritt Loh and Makena Anderson (M&A/Securities); Randy Morphy, Robert Biggar and Yifei Yang (Tax); Andrew Zinman and James Fu (Labour & Employment); Elly Seddon (Financial Services); Christopher Roine and Claudia Wheeler (Indigenous); and Denes Rothschild (Competition).

Itron, Inc. announces US$325 million acquisition of Urbint, Inc.

Mon, 06 Oct 2025 00:00:00 Z

On October 06, 2025, Itron, Inc. (NASDAQ: ITRI), an innovator of new ways for utilities and cities to manage energy and water, announced the signing of a definitive agreement to acquire Urbint, Inc., a privately held software company based in Miami, Florida. The purchase price for the acquisition is US$325 million and will be funded through cash on hand.

BLG represented Itron on the Canadian aspects with a team led by Nav Dhaliwal and Stefan Timms and including, Connor Dunphy-Brace (M&A/Corporate); Tommy Hong and James Fu (Labour & Employment); Natasha Gulati (Intellectual Property); and Tamila Ivanov (Real Estate).