Torys tops Bloomberg and Refinitiv tables

Torys’ M&A and Capital Markets practices continue to be recognized as Bloomberg and Refinitiv release their tables for the first half of 2023.

Refinitiv has ranked Torys number 1 in “Any Canadian Involvement Completed” based on the total deal value of more than $52 billion across 28 deals for the first half of 2023.

Notable M&A deals that were announced in Q2 2023:

• Viterra and its shareholders, as Canadian counsel, in its proposed US$8.2 billion merger with Bunge Limited to create a global agribusiness solutions company
• TorQuest Partners in its sale of Universal Rail Systems Inc., a provider of fully integrated, turnkey railway services and solutions
• The Canada Life Assurance Company in its proposed C$575 million acquisition of Investment Planning Counsel Inc. from IGM Financial Inc.

In addition, Torys is the only Canadian firm ranked in both “Any Benelux Involvement Announced” and “Any Japanese Involvement Completed” table.

In Bloomberg’s Global Legal Adviser report, Torys has been ranked number 1 in the first half of 2023 in three categories:

• Canada Equity and Equity Linked
• Canada Corporate Bond: Legal Adviser – Manager, ranked by deal count
• Canada Corporate Bond: Legal Adviser – Manager, ranked by volume

Torys is also the only Canadian firm to be ranked in six additional tables: Global Private Equity Deals (By Volume), Europe Announced Deals (By Volume), U.S. Private Equity (By Volume), Europe Announced Deals - Principals (By Volume), Europe Private Equity Deals (By Volume), and APAC Private Equity Deals (By Volume).

Some of the notable capital markets deals that were announced in Q2 2023 are below.

• Brookfield in its US$550 million public offering of 6.087% senior unsecured notes
• BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc. and the syndicate of agents in Ford Credit Canada Company's C$500 million private placement of 7.375% senior notes, Series 2023-2
• Eagle Credit Card Trust in its C$250 million public multiclass offering of credit card receivables-backed notes, Series 2023-1

You can read more about our M&A and Capital Markets work on the relevant practice pages.

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