|Davies Ward Phillips &
|Osler Hoskin & Harcourt
|Blake Cassels & Graydon
Canadian M&A had a record-breaking 2006 as foreign
investment and private equity transactions drove further
Deals targeting Canadian companies more than doubled in
value in the first 10 months of 2006 compared to the same
period last year, thanks to some notable international
Swiss-based Xstrata finalized its $21.2 billion takeover of
Falconbridge, the largest all-cash offer in Canadian history,
after rival Canadian bidder Inco was itself bought by Brazil's
CVRD for $17 billion.
National M&A also remains strong. Barrick Gold acquired
Placer Dome for $10.4 billion in the largest-ever unsolicited
Canadian transaction to be completed, while Goldcorp bought
American Glamis Gold in a deal worth $21.3 billion.
Law firm Osler Hoskin & Harcourt confirmed its
international status, advising Glamis Gold throughout its
acquisition and representing Texan-based ConocoPhillips in its
$10.7 billion joint venture with EnCana. The top tier firm made
the highest collective value of completed deals involving
Canada for a second consecutive year.
Davies Ward Phillips & Vineberg also had a successful
year, advising Xstrata and Barrick Gold in their high-profile
The boom comes as part of a global increase in private
equity transactions - although North America and the UK
continue to lead the way, private equity activity is rapidly
increasing in continental Europe, China and India.