On June 15, 2006, Davis + Henderson Limited Partnership, a wholly owned business of Davis + Henderson Income Fund, completed its acquisition of Filogix Holdings Inc. from Monitor Clipper Partners and others for approximately $212.5 million.

The acquisition was financed in part by a public offering by the fund of subscription receipts for gross proceeds of approximately $116 million. The balance of the acquisition price and related transaction costs was funded through existing cash balances and by drawings under an amended and restated credit agreement established by a syndicate of lenders led by The Bank of Nova Scotia. Fasken Martineau represented the lenders with a team that included John Torrey, Thomas Meagher, David Ferris, Martin Racicot and Andrew Klug.

Davis + Henderson is Canada's leading supplier of bank cheques, Filogix is Canada's leading provider of information and transaction technologies for residential mortgage and real estate transactions and Monitor Clipper Partners is a private equity investment firm based in Massachusetts.