On May 1, 2023, Alfar Capital and Walter Capital Partners acquired MSP Corp, a Canadian leading managed service provider group, and simultaneously combined it with Groupe Access, a Quebec leading managed service provider of technology and cybersecurity solutions. With more than 400 IT experts, the combined entity, called MSP Corp, creates a national Canadian platform of managed services poised to lead the industry in digital transformation, cloud computing and cybersecurity solutions.
The new MSP Corp will be majority-owned by Alfar Capital and Walter Capital Partners. BDC Capital, who was already a shareholder in MSP Corp, retains a minority stake in the new entity. After the transaction, management and employees will own more than 10% along with the ownership stakes retained by the CEOs of the two combined entities.
Desjardins provided financing for the transaction, while Fasken Martineau DuMoulin LLP acted as legal counsel for Alfar Capital and Walter Capital Partners. Legal counsel for the vendors included Dentons Canada LLP for MSP Corp and Blakes, Cassels & Graydon LLP for BDC Capital. CIBC Capital Markets and Focus Investment Banking acted as financial advisors to MSP Corp.
The Fasken team included Michel Boislard, Guillaume Synnott, Alexandra Lazar, Catherine Decoste Mahseredjian, Elissa Brock, Camille Marceau, Aurélie Ménard, Eliot Mathieu-Proteau and Alina Lakhani (M&A), Angela Onesi, Gabriella Gagnon-Da Rocha, Marwan El-Sayegh (Banking), Jocelyn Auger and Iara Griffith (Privacy), Nicolas Charest (Intellectual Property), Rhonda Grintuch, Alex Ognibene, Bruce Graham and Allyson Marta (Labour), Alain Ranger and Quentin Lageix (Tax) and Larissa C. Svekla, Alina Lakhani, Harry Bhandal and Jennifer Nguyen (Real Estate), William Harvey, Émilie Barreca and Marilie Gagné (articling students).
Jurisdiction
- Québec
