FAX Capital Corp. enters into definitive agreement for going-private transaction

On May 2, 2022, Scotia Capital Inc., in its capacity as financial advisor and independent valuator for a special committee of directors, advised FAX Capital Corp. in connection with its going-private transaction. FAX Capital Corp. entered into a definitive arrangement agreement with Federated Capital Corp ("FCC") and Fax Investments Inc., a wholly-owned subsidiary of FCC.

Scotia Capital Inc., headquartered in Toronto, Ontario, provides investment banking and financial advisory services. 

Fax Capital Corp., headquartered in Toronto, Ontario, is an investment holding company which invests in equity, debt and/or hybrid securities of high-quality businesses.

McCarthy Tetrault is advising Scotia Capital Inc. with a team led by Robert Richardson that includes Michael Shahinian (Business).