Investment firms acquire Gemcom Software for $190 million
Client
Gemcom Software International Inc.
On July 23, 2008, Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions, announced the completion of the plan of arrangement whereby an acquisition vehicle indirectly owned by affiliates of JMI Equity Fund VI, L.P., Carlyle Venture Partners III, L.P. and Pala Investments Holdings Limited, acquired all of Gemcom's outstanding common shares and Gemcom had purchased all outstanding options to purchase Gemcom common shares. The acquisition was valued at approximately $190 million.
Gemcom's legal advisors in this transaction included a team from Fasken Martineau led by Charlotte Bell and including, among others, Lindy Bremner (corporate/securities), Tracey Cohen, Mark Pontin and Michelle Booker (litigation), Frank Schober and Kate Seniowski (tax) and Barbara Vanderburgh (real estate).
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