On June 29, 2018, Champlain, a Canadian private equity firm, acquired Petit de Grat Ltd., a branded processor and wholesale distributor of crab, and agreed to acquire the assets relating to the live lobster and crab brokerage business of related company Premium Seafoods Limited. Both entities are leading seafood companies with solid reputations which are based in Arichat, Nova Scotia. This acquisition marks a further expansion of an existing platform for Champlain, who successfully acquired Cheticamp Fisheries International Ltd. and Riverside Lobster International Inc. in 2017.
Fasken advised Champlain in this acquisition with a team led by Jean-Sébastien Dugas that included Alexandra Lazar and Mariève Barcelo-Després (M&A), Pierre-Olivier Charlebois and Jean-Philippe Therriault (Environment) and Félix Gutierrez (Banking).
