Date Closed

March 17, 2023

Lead Office

Montréal

Value

249.60 Million CAD

On March 17, 2023, Aimia Inc. ("Aimia") completed its acquisition of all of the issued and outstanding shares of Tufropes Pvt Ltd. ("Tufropes") for C$249.6 million on a cash-free and debt-free basis. Paladin Private Equity LLC ("Paladin") acted as Aimia's partner in the transaction and has an option to acquire up to a 19.9% minority equity position of Tufropes from Aimia within a year of closing.

Aimia, headquartered in Montreal, is a holding company with a focus on making long-term investments in public and private companies through controlling or minority stakes.

Tufropes is a Mumbai, India-based global leader in the manufacturing of synthetic fiber ropes and netting solutions for primarily aquaculture and maritime customers.

Paladin is a global private equity firm based in Los Angeles that focuses on investments and companies within the industrial technology sector.

McCarthy Tétrault advised Aimia with a team led by Hadrien Montagne and Vincent Laurin that included Gerald Gaunt, Charles-Étienne Pressé, Curtis Chance, Olivia Martin (Business), and Patrick Pengelly (Employment).