Teranet Inc. sells DoProcess LP to Dye & Durham for C$530M
December 10, 2020
530.00 Million CAD
On December 10, 2020, Dye & Durham Limited (Dye & Durham) acquired DoProcess LP, an affiliated entity of Teranet Inc., from OMERS Infrastructure (OMERS), a leading global infrastructure investment manager and the infrastructure arm of one of Canada's largest defined benefit pension plans, for total consideration of approximately C$530 million.
As part of the transaction, OMERS acquired C$30 million of Dye & Durham common shares.
DoProcess LP is an Ontario-based provider of practice-specific software for legal professionals.
McCarthy Tétrault LLP advised Teranet Inc. with a team led by David Lever and Robert Hansen that included Mark McEwan, Andrew Armstrong, Claire Gowdy, Eric Frydrych, Shauvik Shah, Tony Zhou, Firuz Rahimi and Mitchell Lui (Business), Christine Ing, Vincent Yip and Conrad Lee (Technology) Raj Juneja, Stefanie Morand and Kabir Jamal (Tax), Gregory Winfield (Pensions), Ana Badour, Justin Lapedus and Noel Chow (Financial Services), Oliver Borgers (Competition), Patrick Pengelly (Labour and Employment), Ted Cox (Real Property and Planning), and John Boscariol (Trade).