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Client Work

Scotiabank provides credit facilities to Kilmer Capital Partners to help fund acquisition of Tribal Sportswear

Fasken
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Overview

Client

The Bank of Nova Scotia

On May 4, 2006, Kilmer Capital Partners Limited acquired the assets and undertaking of Tribal Sportswear Inc. in conjunction with Peter Berall, one of the owners of the business. Tribal is a Montreal-based designer, manufacturer, distributor and wholesaler of women's casual and career clothing. The acquisition also included the purchase of the assets of Tribal's New York-based subsidiary Tribu International Inc. and the shares of its Hong Kong affiliate, Tribal Sportswear (H.K.) Limited. A portion of the purchase price was funded by a non-revolving term credit facility and a revolving term credit facility with the Bank of Nova Scotia. The purchase price was not disclosed. The Bank of Nova Scotia was represented in Canada by Fasken Martineau, with a team that included Brian Wright and David Johnson in Toronto and Angela Onesi, Félix Gutierrez and Andrew Klug in Montréal.

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