Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Privatization of Distinction Group involving Birch Hill Equity Partners and certain members of GDI's senior management

Reading Time 1 minute read Subscribe



Distinction Group Inc.

On January 9, 2012, Distinction Group Inc. (TSX: GD) ("GDI"), a Canadian leader in the facility services industry, announced the completion of its going private transaction involving Birch Hill Equity Partners and certain members of GDI's senior management.

Under the amalgamation, which was effective on January 1, 2012, shareholders of GDI received, for each GDI common share held by them, one redeemable preferred share of the amalgamated entity. The redeemable preferred shares were then redeemed for $4.50 in cash per share. The common shares of GDI were delisted from the Toronto Stock Exchange.

Management of GDI was advised in this transaction by Fasken Martineau with a team that included Michel Boislard, Frédéric Boucher, Jean Michel Lapierre and Caitlin Rose (corporate/securities); Alain Ranger and Gilles Carli (tax); and Marc Novello (banking).



    Receive email updates from our team