The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The downtown core of Calgary June 23, 2013.
The downtown core of Calgary June 23, 2013.
(John Lehmann/The Globe and Mail)

In Calgary, the deals don’t stop for a flood

On Sunday, Acumen Capital Finance Partners Ltd. couldn’t even get into its offices in Calgary after the city was inundated.

By Tuesday, the brokerage was printing a good sized bought deal as lead underwriter. Acumen led a $92-million financing for Alaris Royalty Corp., which hit the tape late Tuesday night. There are plenty of numbers floating around about just how much the flood is going to shave off of economic activity. But Calgary might surprise if the Alaris deal is any indication.