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Client Work

SGF makes minority equity commitment to newly privatized Logibec Groupe

Fasken
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SGF

On July 18, 2010, Logibec Groupe Informatique Ltée (TSX:LGI) and OMERS Private Equity Inc. (the private equity arm of OMERS Worldwide group of companies) announced that 8,896,520 common shares of Logibec, representing approximately 98% of the outstanding Logibec common shares, had been tendered to the offer dated June 10, 2010 made by OPE LGI Inc. to acquire all of the issued and outstanding common shares of Logibec at a price of $26.00 per common share. As all of the conditions of the offer were satisfied, OPE LGI Inc. took up all of the Logibec common shares tendered to the offer and intends to acquire all of the common shares that were not deposited under the offer pursuant to the compulsory acquisition provisions of the Canada Business Corporations Act. OPE LGI Inc. is a new acquisition company established by OMERS Private Equity Inc., in which Société générale de financement du Québec ("SGF") agreed to make a minority equity commitment. SGF agreed to tender its Logibec shares (representing approximately 5.4% of the outstanding shares of Logibec or 490,000 shares) under the bid. SGF was advised in this transaction by Fasken Martineau with a team that included Gilles Leclerc and Marie-Josée Neveu (corporate/securities) and Jean-Philippe Mikus and Felix Gutiérrez (banking).

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