On June 16, 2011, iWeb Group Inc. (TSXV: IWB), a global provider of Internet hosting services and IT infrastructure, announced the completion of its amalgamation under a merger agreement with 7807201 Canada Inc. and 7807210 Canada Inc., two corporations controlled directly or indirectly by Novacap Technologies III, L.P., Caisse de dépôt et placement du Québec and an investment vehicle affiliated with Bank Street Capital Partners and certain of their affiliates. Pursuant to the Amalgamation, each shareholder received one redeemable preferred share of the amalgamated company for each share held immediately prior to the amalgamation. Each such redeemable share was redeemed immediately upon the amalgamation for a cash consideration of $1.50. iWeb's common shares were delisted from the TSX Venture Exchange. Novacap was advised in this transaction by Fasken Martineau with a team that included Denis Chaurette, Michel Boislard, Catherine Isabelle, and Caitlin Rose (corporate/securities); Claude Jodoin (tax); Jean-Philippe Mikus and Charles Lupien (intellectual property); Charles Kazaz (environmental); Sonia Rainville (real estate) and Félix Gutierrez (banking).