Minto Apartment REIT announced that it has entered into an arrangement agreement with an affiliate of Crestpoint Real Estate Investments Limited Partnership and an affiliate of the Minto Group pursuant to which Crestpoint will acquire all of the issued and outstanding trust units of the REIT, other than Trust Units held directly or indirectly by Minto and certain senior officers, for consideration of $18.00 per Trust Unit in an all‑cash transaction. The transaction values the REIT at approximately $2.3 billion(Cdn). The transaction is structured as a statutory plan of arrangement under the Business Corporations Act (Ontario) and the Trustee Act (Ontario). The REIT expects to hold a shareholders meeting to consider and vote on the transaction in March 2026. If approved at the meeting, the transaction is expected to close in the second half of 2026. (Minto Apartment REIT – www.mintoapartmentreit.com) & (Crestpoint Real Estate Investments Limited Partnership – www.crespoint.cclgroup.com)…………
In early July 2026, Carlsbad, California-based Topgolf Callaway Brands Corp. announced the successful completion of its sale of a 60 percent stake in its Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, L.P., effective January 1, 2026. The transaction values Topgolf at approximately $1.1 billion(US). “This transaction positions both companies as separate, well-capitalized, focused, pure play businesses that should thrive in their respective spaces,” explained Chip Brewer, President, CEO of Topgolf Callaway Brands. “It also maintains the strong marketing synergies via a strategic marketing partnership and provides the opportunity for future value creation through our 40 percent retained stake in Topgolf.” (Topgolf Callaway Brands Corp. – www.topgolfcallawaybrands.com)…………..
Earlier in the week, Happy Belly Food Group Inc. announced the appointment of Ian Thomas as Executive Vice President of Finance, effective immediately. Thomas joins Happy Belly with more than 25 years of senior financial leadership experience, including deep expertise in franchised restaurant systems, public and private company reporting, and multi-divisional operations. His appointment further strengthens Happy Belly’s executive team as the company continues to scale its multi-branded franchising platform across Canada while advancing its U.S. growth strategy. (Happy Belly Food Corp Inc. – www.happybellyfg.com)………..
Have a great week…………..