Teranet Inc. sells Collateral Management Solutions to Trader Corporation

On June 20, 2024, Trader Corporation acquired Collateral Management Solutions (“CMS”) from the Teranet group of companies. CMS is the primary provider of lien and registration services, recovery services, and insolvency management solutions to Canadian lenders.

Teranet is Canada's leader in the delivery and transformation of statutory registry services, with extensive expertise in land and commercial registries.

Trader Corporation is a trusted Canadian leader in online media, dealership and OEM software, and automotive finance services.

McCarthy Tétrault  advised Teranet Inc., a subsidiary of OMERS, with a team led by David Lever, Robert Hansen and Michael Shahinian that included Mitchell Lui, Britney Schyf (Corporate), Patrick McCay, Stefanie Morand, Simon Douville, Adam Unick and Caine Chapman (Tax), Justin Lapedus, Candace Pallone (Financial Services), Oliver Borgers, Erin Keogh (Competition), Christine Ing, Conrad Lee (Technology/Privacy), Patrick Pengelly (Employment), Gregory Winfield (Pensions, Benefits and Executive Compensation), and Vincent Yip (Intellectual Property).