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Client Work

Colabor Group closes US$30 million in private placement financings

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Confidential Clients

On March 4, 2013, Colabor Group Inc. completed a private placement, on a bought deal basis, underwritten by National Bank Financial Inc. for 1,978,000 common shares at a price of $7.55 per common share and a concurrent private placement with Caisse de dépôt et placement du Québec for 1,987,000 common shares acquired on the same terms as the National Bank Financial private placement, for combined gross proceeds of $30 million. A portion of the net proceeds from the private placements will be used by Colabor to partially fund the acquisition of substantially all the assets of T. Lauzon Ltd and certain inventory of an entity related to T. Lauzon Ltd., which closed on the same date as the private placements. Colabor is a wholesaler and distributor of food and non-food products serving the retail and food-service markets. Colabor is one of the largest wholesalers in Canada and the largest in Quebec. National Bank Financial and Caisse de dépôt et placement du Québec were advised by Fasken Martineau with a team composed of Jean-Pierre Chamberland and Monica Dingle (corporate/securities) and Thomas Copeland (tax).



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