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.