Dye & Durham Limited completes IPO and secondary offering of common shares

On July 17, Dye & Durham Limited completed its initial public offering and secondary offering of common shares for total gross proceeds of $150 million. Dye & Durham will receive $127.5 million of the gross proceeds and the selling shareholders will receive $22.5 million. In addition, on July 23, the over-allotment option was exercised in full, which resulted in additional gross proceeds for Dye & Durham of $22.5 million. The proceeds will allow Dye & Durham to pursue acquisitions and technological advancements. The offering was led by Canaccord Genuity Corp., Scotia Capital Inc., BMO Nesbitt Burns Inc. and INFOR Financial Inc. as joint bookrunners, and Raymond James Ltd. as underwriter.

Dye & Durham provides cloud-based software and technology solutions to increase productivity for legal and business professionals. The company operates in Canada and the U.K. and its customers include law firms, financial service institutions and government organizations.

Goodmans LLP acted as legal counsel to the Company with a team consisting of
Bill Gorman
David Coll-Black,
Hari Marcovici,
Julian Di Bartolomeo,
Andrew Schipper,
Jon Northup (tax),
and Michael Royal (tax).

Osler, Hoskin & Harcourt LLP advised the underwriters with a team consisting of 
Andrea Whyte
Kelsey Armstrong,
Jacob Young,
Carson Wetter,
Meg Hiles,
Deron Fung,
Lindsay Hofer (corporate),
Catherine Hamill (employment and labour),
Sam Ip,
Parker Elliot (technology),
and with Rob Lando (corporate) assisting on U.S. securities law matters.

Blake, Cassels & Graydon LLP advised Plantro Ltd. as selling shareholder with a team consisting of
Tim Andison
and Kendall Grant.