LOGISTEC Corporation (“LOGISTEC”) was acquired by 1443373 B.C. Unlimited Liability Company (the “Purchaser”), an entity owned by certain funds managed by Blue Wolf Capital Partners LLC, with preferred equity financing provided by Stonepeak, by way of a plan of arrangement under the provisions of the Business Corporations Act (Québec). Under the terms of the arrangement, the Purchaser acquired all of the issued and outstanding Class A Common Shares and Class B Subordinate Voting Shares of LOGISTEC for C$67.00 in cash per share, representing a total enterprise value of approximately $1.2 billion.
The transaction is the culmination of an extensive and robust review of strategic alternatives available to maximize shareholder value that was conducted by a special committee of independent directors of LOGISTEC at the request of its principal shareholder, Sumanic Investments Inc.
A Fasken team composed of Jean Michel Lapierre, Caitlin Rose, Alexandra Freedman, Geneviève Richard, Huy Do, Chris Margison, Marc Novello, Alain Ranger, Quentin Lageix, Brandon Farber and Hugo Séguin advised LOGISTEC in this transaction.
Jurisdiction
- Québec
