Law Firm | Canadian Lawyer

Sullivan & Cromwell LLP

22 Sep 2026

Royal Bank of Canada launches US$1.1 billion NVCC AT1 Limited Recourse Capital Notes offering, Series 9

Deal TypePublic/Private Offering

IndustryBanking/Finance

Transaction ValueUndisclosed/Confidential

ClientsRoyal Bank of Canada, RBC Capital Markets, Computershare Trust Company of Canada, Leo LRCN Limited Recourse Trust
9 Sep 2026

Enbridge closes $3 billion common share offering, inclusive of underwriters' full over-allotment exercise

Deal TypePublic/Private Offering

IndustryInfrastructure

Transaction Value$ 3,000,000,000

ClientsEnbridge Inc., RBC Dominion Securities Inc., RBC Capital Markets, CIBC World Markets Inc., CIBC Capital Markets, Scotia Capital Inc. (Scotiabank), BMO Nesbitt Burns Inc. (BMO Capital Markets), TD Securities Inc., National Bank Financial Inc. (National Bank of Canada Capital Markets)
27 Aug 2026

Enbridge forms $2.7-billion joint venture with KKR and Apollo to fund Westcoast pipeline expansions

Deal TypeJoint Venture

IndustryOther

Transaction Value$ 2,700,000,000

ClientsEnbridge Inc., KKR & Co. Inc., Apollo Global Management Inc.
26 Aug 2026

Enbridge’s US$600 million acquisition of Salt Creek Midstream’s crude gathering business

Deal TypeMerger & Acquisition

IndustryEnergy

Transaction Value$ 600,000,000

ClientsEnbridge Inc., Salt Creek Midstream LLC
28 May 2026

CIBC to sell 91.7 percent interest in CIBC Caribbean to Butterfield

Deal TypeMerger & Acquisition

IndustryBanking/Finance

Transaction Value$ 2,550,168,000

ClientsCanadian Imperial Bank of Commerce (CIBC), The Bank of N.T. Butterfield & Son Limited
6 Mar 2026

CPRC issues US$1.2 billion in dual-tranche notes under CPKC guarantee

Deal TypePublic/Private Offering

IndustryTransportation

Transaction Value$ 1,640,000,000

ClientsCanadian Pacific Railway Company, Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc.
4 Nov 2025

CBRE Group acquires Pearce Services

Deal TypeMerger & Acquisition

IndustryOther

Transaction Value$ 1,200,000,000

ClientsCBRE Group Inc., Pearce Services LLC, New Mountain Capital
23 Sep 2025

CPP Investments acquires 13 percent Sempra Infrastructure stake for US$3 billion

Deal TypeMerger & Acquisition

IndustryEnergy

Transaction Value$ 4,100,000,000

ClientsCanada Pension Plan Investment Board (CPP Investments), Sempra Infrastructure Partners, KKR
13 Aug 2025

Gildan Activewear to acquire HanesBrands in US$4.4B apparel mega-merger

Deal TypeMerger & Acquisition

IndustryOther

Transaction Value$ 3,036,770,000

ClientsHanesBrands Inc., Gildan Activewear Inc., Morgan Stanley Senior Funding, Inc
13 Aug 2025

Hudbay, Mitsubishi launch US$600 million joint venture for Copper World Mine

Deal TypeJoint Venture

IndustryMining

Transaction Value$ 814,000,000

ClientsHudbay Minerals Inc., Mitsubishi Corporation