Equity Capital Markets
We deliver innovative domestic and international cross-border solutions for our institutional and corporate clients. With Canadian offices in Vancouver, Calgary, Toronto, and Montreal, we are well positioned to provide our clients with the best possible service.
Our Equity Capital Markets division provides expertise in Investment Banking, Research, Corporate Finance, and Institutional Sales & Trading. Our focus is to deliver solid investment ideas, objective research, high quality trading, and innovative investment banking expertise.
In Canada, 17 analysts publish comprehensive research on approximately 260 companies in the following broad sectors: Consumer, Energy, Financial Services, Industrials, Mining & Natural Resources, Real Estate, Technology & Communications and Transportation. We have a solid stock selection track record and reputation for in-depth bottom up research. Raymond James and its affiliates in Canada, Europe, and Latin America employ research analysts who cover approximately 1,300 companies.
Sales to Innergex Renewable
Raymond James is acting as financial advisor to the Special Committee of Alterra Power Corp. for its sale to Innergex Renewable Energy Inc. The C$1.1 billion transaction will diversify Innergex's asset portfolio in terms of geography and energy sources.
Formation of JV with Abengoa and 25% Investment in Atlantica Yield
Raymond James is acting as the lead financial advisor to Algonquin Power & Utilities Corp. ("APUC") as APUC announces a joint venture with Abengoa S.A. to create AAGES Global Energy Solutions ("AAGES"), which will focus on the development of clean energy and water infrastructure projects in diverse global markets. APUC is at the same time entering into an agreement with Abengoa to purchase a 25% equity interest in Atlantica Yield, for a total purchase price of US$608 million.
Merger with Paramount Resources Ltd.
Raymond James is acting as exclusive Financial Advisor to the Special Committee of Trilogy Energy Corp. on its merger with Paramount Resources Ltd. Trilogy Energy is a Calgary-based oil and gas producer focused on the development of its Montney and Duvernay assets in western Canada.
Sale to Eldorado Gold Corp.
Raymond James is acting as exclusive Financial Advisor to Integra Gold Corp. on its Sale to Eldorado Gold Corporation. Integra Gold is a development stage company whose primary focus is its wholly-owned high-grade Lamaque project.
Raymond James was co-lead manager on the bought deal trust units offering of True North Commercial REIT, raising approximately $40.2 million, which includes the exercise of the full over-allotment option. The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 34 commercial properties consisting of approximately 2.2 million square feet in urban cities and secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
Common Shares & CEL Notes
Raymond James was co-lead manager on the marketed private placement of common shares and senior secured Collateralized Exchange Listed ("CEL") Notes, raising approximately $65 million. Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas. Delphi continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play.
Raymond James was co-lead manager on the Initial Public Offering of common shares, raising approximately $115 million. STEP is an oilfield service company that provides specialized and fully integrated coiled tubing and fracturing solutions. STEP's corporate headquarters is located in Calgary, Alberta and STEP has coiled tubing and fracturing operations spanning across Western Canada, along with coiled tubing operations in Texas.
Raymond James was lead manager on the upsized bought deal common shares offering of Trinidad Drilling Ltd, raising approximately $149.5 million, which includes the exercise of the full over-allotment option. Trinidad is a corporation focused on sustainable growth that trades on the Toronto Stock Exchange under the symbol TDG. Trinidad's divisions currently operate in the drilling sector of the oil and natural gas industry, with operations in Canada, the United States and the United Arab Emirates. In addition, through joint venture arrangements, Trinidad operates drilling rigs in Saudi Arabia and Mexico, and is currently assessing operations in other international markets. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.