One next day of we mused whether Barclays Canada could make it three deals in three days – we posed that like a question or even a challenge – we can report that the firm, one of British-based Barclays Bank, reached that goal.
But it was close: it came following the markets closed.
Indeed its third deal in 72 hours is different from another two: this time round Barclays was area of the syndicate formed to sell US$550 million of equity that will be from Franco-Nevada. Four Canadian-bank owned firms – BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and Scotiabank – were named as the key people in the underwriting syndicate.
Barclays will be a co-manager around the financing which will see Franco sell 11.50 million shares to the underwriters who will also sell them to investors at US$47.85 a share.
Barclay’s other two deals were within the M&A area include:
? On Monday it was named because the financial adviser to the special committee formed at Amaya to assess the proposed going private transaction that the ceo is contemplating;
? On Tuesday Barclays was named C along with Morgan Stanley C because the financial adviser to ITC Holdings Corp., the Michigan-based power and transmission company that has decided to be acquired by Fortis for US$6.9 billion.