📈 Daily Deal News – Oct 14 2025

Strategic buyers are quietly building positions, capital is flowing for clear growth stories, and platform deals are setting real-world price tags. Are you ready to lead your valuation narrative?

🛰️ Macro Radar

Deal flow is holding steady across Canadian sectors, with strategic buyers and capital raises showing that quality cash flow and clear growth plans still command attention—even as market windows open and close quickly.

---

🇨🇦 National Deal Watch

Cenovus Energy Builds 8.5% Stake in MEG Energy Ahead of Merger Vote
Cenovus Energy has quietly acquired 8.5% of MEG Energy’s shares, with a standstill agreement allowing up to 9.9% before a pivotal merger vote.

This is a textbook example of a buyer locking in influence before a formal bid—if you’re in a consolidating sector, don’t wait for someone else to set your story.

- Sources: The Globe and Mail | BOE Report | Canadian Business Journal

Resource Capital Raises: Avalon ($21M) and American Tungsten ($10M) via LIFE Exemption
- Avalon Advanced Materials is raising up to C$21M, and American Tungsten is targeting $10M, both using the streamlined LIFE (Listed Issuer Financing Exemption) route.
- Owner takeaway: For project-stage resource or critical minerals companies, $10M–$21M is the current benchmark for public market raises—if you have a credible path to cash flow.
- Sources: Avalon LIFE Financing | American Tungsten LIFE Placement

---

🍁 Ontario & Québec Investments

Ontario Government Invests $10M in Daiken North America Expansion
The province is backing Daiken North America’s new wood panel line with $10M in non-dilutive funding.
- Owner takeaway: Grants and incentives remain a powerful lever for manufacturers—are you maximizing public funding to stretch your equity?
- Source: ConstructConnect

---

---

🌊 Surf, Turf and Arctic

I Squared Buys Liberty Tire Recycling for $1.5B
A $1.5B PE-to-PE deal in recycling sets a real-world comp for platform-scale, recurring-revenue businesses in the circular economy.
- So what? If you’re building scale and sticky contracts, buyers are paying for market position and growth potential—not just current profits.
- Source: PE Insights

Goldman Sachs Acquires Industry Ventures for up to $965M
Goldman’s buyout of a $7B AUM VC platform for up to $965M is a rare public price for fund management businesses.
- So what? If you run a fund or specialty finance shop, scale and sticky fee streams drive value—but expect buyers to pay for future growth, not just what’s on the books today.
- Source: PE Insights

---

🌐 Cross-Border Connections

Thomson Reuters: Debt Exchange and Capital Structure Moves
Thomson Reuters is reshuffling its debt, signaling that large-caps are actively managing their cost of capital.
- So what? If you’re prepping for a recap or refinancing, watch how the majors are setting terms.
- Source: Thomson Reuters Press Release

Cespira (Westport/Volvo JV): Cross-Border Supply Win
Cespira signed a supply agreement and received full payment for a truck trial, showing global OEMs are still paying up front for Canadian innovation—even if deal sizes stay private.
- So what? International buyers remain active; are you ready to pitch for cross-border deals?
- Source: Canadian Business Journal

JPMorgan: $10B Commitment to US Strategic Industries
JPMorgan’s $10B pledge to US strategic sectors is a reminder that cross-border capital is chasing resilient, defensible assets.
- So what? If you have US exposure or ambitions, now’s the time to highlight your strategic value.
- Source: Reuters

---

Are you ready to lead your valuation conversation—or will buyers and bankers do it for you?

Follow us on X.com for valuation nuggets and memes, all day long!

PS - Don’t miss our new Research Page! It’s a little bare-bones for now but the insights into where money is flowing in Canada are immensely helpful! Nobody else is talking about them in this level of detail, from what we can tell.