Date Closed

June 20, 2024

Lead Office

Montréal

On June 20, 2024, nesto Inc. ("nesto") acquired the CMLS Group ("CMLS"), the third-largest mortgage finance company in Canada. The acquisition of CMLS by nesto creates the largest technology-enabled lender in Canada.

nesto, headquartered in Montreal, Quebec, Canada, is a Canadian market-leading digital mortgage lender. 

 McCarthy Tétrault advised nesto with a team led by Richard O'Doherty (Debt Financing) and Louis-Charles Filiatrault that included Patrick Boucher, Alexis Hudon, Sonia Bardakjian, Quentin Pérès (Corporate), D.J. Lynde, Ailbish Bruchet, François Dupuis, Rebecca Scott, Olivia Trojko (Debt Financing),  Michael McConnell, Jo-Anna Brimmer, Michael Kershaw (Structured Financing and Loan Programs), Sonia J. Struthers, , Benjamin Rivard (Capital Markets), Jeffrey Knowles, Zainab Fayyaz, Nick Kasting (Real Estate), Mike Ranger, Julien Leblanc (Tax), Dominic A. Thérien, Kate McNeece, Erin Keogh (Competition), Justine Lindner, Erin Jackes, Lauren Soubolsky, Andrew Weizman (Labour), Kelleher Lynch, Julia Miller (Pensions & Benefits), Charles S. Morgan, Véronique Wattiez Larose, Jonathan Adessky and Jerry Lan (IP/Cybersecurity).