On November 5, 2019, Callidus Capital Corp. (the “Company”) completed its privatization transaction with its second-largest investor, Braslyn Ltd., pursuant to an Ontario plan of arrangement. Pursuant to the transaction, Braslyn acquired all of the issued and outstanding common shares in the capital of the Company, other than common shares already held by Braslyn and common shares held by certain funds managed by The Catalyst Capital Group Inc. (and related persons), for $0.75 per share. After the closing of the transaction, Callidus’ common shares were de-listed from the Toronto Stock Exchange and Callidus ceased to be a reporting issuer and an offering corporation.
Fasken advised Callidus Capital Corporation and certain funds managed by The Catalyst Capital Group Inc. with a team led by Jon Levin and including Sean Stevens , Justine Connors, Rachel Charney (Corporate Finance & Securities), Jesse Harper (Litigation & Dispute Resolution) and Mitchell Thaw (Tax Law), with assistance from Robin Spillette (Articling Student).
