Canam Group completes going-private transaction by a group of investors led by the Dutil Family
June 30, 2017
875.00 Million CAD
On June 30, 2017, Canam Group Inc. successfully completed a statutory arrangement pursuant to which Canaveral Acquisition Inc. (the “Purchaser”), a company held by members of the Dutil family (the “Family Group”), American Industrial Partners, Caisse de dépôt et placement du Québec ("Caisse") and Fonds de solidarité FTQ ("Fonds"), have acquired all of the issued and outstanding common shares of the Corporation (the "Shares"), except for the Shares contributed directly or indirectly by the Family Group, Caisse and Fonds in exchange for shares of the Purchaser, for a price of C$12.30 per share in cash.
McCarthy Tétrault LLP advised Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ with a team led by Patrick Boucher.