Alithya Group completes C$52.8M private placement of subscription receipts
On October 30, 2018, Alithya Group Inc. completed a bought deal private placement, through a syndicate of underwriters, pursuant to which Alithya issued 11,736,055 subscription receipts at a price of C$4.50 per receipt for estimated gross proceeds of C$52.8 million. The proceeds include the partial exercise of an over-allotment option. Alithya plans to use the net proceeds of the private placement for general corporate purposes, growth opportunities and repayment of certain indebtedness.
The underwriters were led by Desjardins Securities Inc. and included GMP Securities L.P., National Bank Financial Inc. and Echelon Wealth Partners Inc.
Alithya is a leading strategy and information technology consulting firm. It offers services in strategic consulting, implementing Microsoft solutions (ERP, CRM, Business Analytics and Digital Solutions), and implementing Oracle solutions (EPM, ERP Cloud, EBS and Analytics).
McCarthy Tétrault LLP advised the underwriters with a team led by Philippe Leclerc that included Charles-Antoine Soulière and Isabelle Pépin-Lapointe.
