Deal Spotlight - Wildeboer Dellelce: Cross-Border M&A and Capital Markets from Canada

Wildeboer Dellelce recently advised international and Canadian clients on a series of cross-border transactions, spanning mergers and acquisitions, capital markets, real estate and structured finance across the technology, food and beverage, digital assets, natural resources and financial services sectors. A US$1.1 billion take-private of North American beverage supply-chain business SunOpta by Dutch group Refresco, the sale of Toronto digital-asset manager 3iQ into Japan's Coincheck, and a £270 million UK self-storage portfolio moving into Canadian hands are among them. Each is summarised below.

SunOpta's US$1.1 billion take-private by Refresco - Mergers and Acquisitions - Take-Private - Cross-border (Netherlands) - May 2026
Wildeboer Dellelce acted for the Special Committee of the Board of Directors of SunOpta, a North American supply chain solutions provider for beverages, broths and snacks, in connection with its US$1.1 billion take-private transaction by Refresco, the Dutch-headquartered global beverage company with operations across Europe, North America and Australia. The transaction placed a North American food and beverage platform under European ownership and was the largest matter in this selection.

Monex Group's sale of 3iQ to Coincheck - Corporate and M&A - Digital Assets - Cross-border (Japan) - February 2026
Wildeboer Dellelce advised Monex Group on the sale of its majority interest in Toronto-based 3iQ Corp., one of the world's leading alternative digital asset managers, to Coincheck, one of Japan's leading crypto asset exchanges. The transaction sits squarely in the digital assets and tokenisation space, moving a Canadian digital asset manager into a major Japanese exchange group in a live example of the cross-border consolidation now shaping the sector.

£270 million UK self-storage portfolio sale to QuadReal - Real Estate - Cross-border (United Kingdom) March 26
The firm acted for the Special Committee of the Independent Trustees of the Padlock Euro Storage Fund I on its £270 million sale of a 27-property portfolio of UK self-storage and mixed-use assets to an affiliate of Vancouver-based QuadReal Property Group. The matter brought a UK real estate portfolio into Canadian institutional ownership.

Brazil Potash Corp.'s US$125 million capital markets programme - Capital Markets - Cross-border (Brazil) - April–May 2026
Acting as Canadian counsel to Brazil Potash Corp., a mineral exploration and development company whose potash project is located in the state of Amazonas, Brazil, Wildeboer Dellelce advised on its Form F-3 shelf prospectus filing, the establishment of a US$125 million at-the-market equity offering programme and a US$63.3 million public offering. The work financed a Brazilian resources project through North American capital markets.

AllTrue.ai's acquisition by Varonis Systems - Corporate and M&A - Technology - Cross-border (United States) - February 2026
Wildeboer Dellelce advised Vancouver-based AllTrue.ai Inc., an AI Trust, Risk and Security Management (AI TRiSM) company, on its acquisition by Varonis Systems, Inc., a leader in data security headquartered in Miami, Florida. The deal was an inbound United States acquisition of an artificial intelligence security business.

NG Energy International's US$150 million Colombia transactions - Corporate and M&A - Energy - Cross-border (Colombia) - January 2026
Wildeboer Dellelce acted for Canadian exploration and production company NG Energy International Corp. on a series of strategic transactions relating to its working interest in the Sinú 9 Block in Colombia, with total consideration of US$150 million, connecting a Canadian energy company with Latin American assets.

Alongside these, the firm's first-half work also included advising KSV Advisory on its acquisition by U.S. consulting firm AlixPartners; U.S. digital health company Somatix on its US$12.3 million all-stock merger with Canadian health-technology company Vitalist; the agents on the $42.1 million initial public offering of Focus Industrial UK Corp. I, a fund investing in UK multi-let industrial real estate; and a Canadian tech-driven mortgage lender on a $300 million cross-border receivables financing with a U.S. financial institution.

"Deal Spotlight" is a series highlighting recent work from across the Alliance. In this instance, the transactions were handled by the team at Wildeboer Dellelce in Toronto.

Further reading:
Deal Spotlight – Simont Braun: Cross-Border Private Equity M&A in Belgium's Life Sciences Sector
Deal Spotlight – Madrona Advogados Advises ALLOS on the Sale of its Stake in Shopping Curitiba

About Wildeboer Dellelce:

Wildeboer Dellelce LLP is one of Canada's premier corporate, securities and business transaction law firms and is Alliott Global Alliance's law firm representative in Ontario, Canada. Based in Toronto and founded in 1993, the firm provides strategic Canadian legal counsel to foreign clients investing and doing business in Canada, as well as to Canadian clients pursuing opportunities abroad.

Its lawyers advise across mergers and acquisitions, securities and corporate finance, banking and financial services, commercial transactions, real estate, tax planning, and entertainment, media and sports, working across several jurisdictions with clients and advisers to deliver practical, business-focused Canadian legal solutions. Read more.