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Chesswood Group Limited acquires of Rifco Inc.

Date Closed

January 14, 2022

Lead Office


On January 14, 2022, Chesswood Group Limited ("Chesswood"), completes the acquisition of Rifco Inc., by way of plan of arrangement under the Business Corporations Act (Alberta). Chesswood is also announced it has completed the renewal of its corporate revolver.

Chesswood is a North America’s only publicly traded commercial equipment finance company focused on small and medium-sized businesses.

Rifco is a leading Canadian alternative auto finance company.

McCarthy Tétrault advised Chesswood with a team led by Catherine Samuel and Gary Litwack that included Niki Gill, Matthew Hooker, Karsten Carriere (Corporate/M&A), Jason Gudofsky, Michael Caldecott (Competition), Sean Smyth (Litigation), Matthew Kraemer, Kathryn Walker (Tax).