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Client Work

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

Fasken
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Client

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).

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