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There was an intensity behind GFL Environmental Inc.’s deal with Private Equity buyers BC Partners and Ontario Teachers’ Pension Plan. That makes sense, given the $5.1-billion in enterprise value transaction is Canada’s largest private management buyout to date.

And why was this the right time for such a large deal to close in Canada? “Perhaps private equity views Canada as a somewhat more stable venue for capital deployment,” speculates a Toronto M&A lawyer who worked on the deal. “Given the number of significant Canadian companies with the vast amount of un-deployed private capital, there is reason for cautious optimism that we will see more blockbuster partnerships forged in Canada.”

Lexpert associate editor Gena Smith interviews the principal counsel on the deal at Follow @Lexpert on Twitter. Lexpert is published by Thomson Reuters.

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