Onex Corporation $5 billion acquisition of WestJet Airlines Ltd.
|Areas||Banking and Finance Law, Corporate and Commercial, Employment and Labour, Mergers and Acquisitions, Tax|
Goodmans LLP acted as counsel to Onex Corporation (“Onex”) in connection with its acquisition of WestJet in an all-cash transaction valued at CAD $5 billion. The transaction – which joins two iconic Canadian brands – was the one of the largest domestic acquisitions by a Canadian private equity firm in recent years. The transaction also sparked a flurry of M&A activity unseen in the Canadian airline industry in almost 20 years.