Database
Announced Canadian transactions sized $500mm – $1b, as the filing discloses it. 33 transactions.
3 in full, as a subscriber sees them
Every row in the register above is named, with its terms listed and its figures withheld. These three are shown complete.
Keyera Corp. (TSX: KEY ) ("Keyera" or the "company") today announced closing of the acquisition of the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, for $1.215 billion, pursuant to the terms of a definitive agreement dated June 17, 2026.
consideration form all cash
multiple EBITDA 11x (2029 EBITDA 1 based on currently contracted volumes)
Consideration $525MM
RBC Capital Markets (financial advisor); Norton Rose Fulbright Canada LLP (legal advisor); McCarthy Tétrault LLP (legal advisor); Scotia Capital Inc (financial advisor); Sidley Austin LLP (legal advisor); Stikeman Elliott LLP (legal advisor); Goodmans LLP (legal advisor)
“Enhanced quality and durability of Keyera cash flows: KAPS is supported by long-term contracts and stable fee-based 1 cash flows, further improving the quality, visibility, and durability of Keyera's overall cash flow profile.”
“Including the remaining capital required to complete Zone 4, the transaction implies an acquisition multiple of approximately 11 times 2029 EBITDA 1 based on currently contracted volumes, and does not reflect upside from future contracting opportunities.”
Frontera Energy Corporation (TSX: FEC ) (" Frontera " or the " Company ") announces it has entered into a definitive arrangement agreement with Parex Resources Inc. (TSX: PXT ) (" Parex ") (the " Parex Arrangement Agreement "), pursuant to which Parex will acquire Frontera's upstream Colombian exploration and production business (the " Frontera E&P Assets ") for an equity consideration of up to…
break fee $25 million
multiple cash flow 4x (multiple to 2025 Distributable Cash Flow))
premium to market 31% (consideration contemplated under the arrangement agreement d)
VWAP reference C$6.20 (90-day VWAP)
Consideration $750MM
Citi (financial advisor); Blake, Cassels & Graydon LLP (legal advisor); McMillan LLP (legal advisor)
“Concurrent with entering into the Parex Arrangement Agreement, Frontera terminated the GeoPark Arrangement Agreement and paid the $25 million Purchaser Break Fee.”
“The equity consideration of $525 million, together with the Company's cash resources on hand plus a conservative $150 million equity valuation for the Infrastructure Business (at a 4x multiple to 2025 Distributable Cash Flow), implies a stock price of CAD$13.18, which represents a premium for shareholders in excess of 112% to the 90-day VWAP of Frontera's common shares as traded in the Toronto Stock Exchange prior to the announcement of the GeoPark Arrangement Agreement.”
“The Parex Arrangement followed the submission by Parex of a proposal providing for an additional $125 million in equity consideration, representing a 31% premium to the consideration contemplated under the arrangement agreement dated January 29, 2026 between Frontera, GeoPark Limited and Geopark Colombia SLU (" GeoPark ") which provided for the acquisition of Frontera E&P Assets by GeoPark (the " GeoPark Arrangement Agreement ").”
“Frontera's 90-day VWAP prior to the annoucement , on January 29 th , 2026 was CAD$6.20.”
i-80 GOLD CORP. (TSX: IAU ) (NYSE American: IAUX) (" i-80 Gold " or the " Company ") is pleased to announce that it has secured a financing package (the " Financing Package ") of up to $500 million, comprised of a royalty sale for $250 million and a gold pre-payment facility for up to $250 million.
price per security $0.50 (per unit)
Consideration $500MM
Stikeman Elliott LLP (legal advisor); Dorsey & Whitney, LLP (legal advisor)
“Endnotes (1) In May 2025, the Company completed a public offering of 345,760,000 units at $0.50 per unit for gross proceeds of $172,880,000, including exercise of the over-allotment option.”
Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.
Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.
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