Jolina Capital completes C$148.4 million sale of Transforce common shares
Date Closed
August 28, 2012
Lead Office
Montréal
Value
148.40 Million CAD
On August 28, 2012, Jolina Capital Inc., along with National Bank Financial Inc. and BMO Nesbitt Burns Inc. (the "Co-Leads"), completed a secondary offering of common shares of TransForce Inc. The Co-Leads purchased 8,000,000 common shares of TransForce from Jolina Capital at a purchase price of C$18.55 per Common Share for gross proceeds to Jolina Capital of approximately C$148.4 million. The Common Shares were sold by Jolina Capital to the Co-Leads for resale by way of secondary offering. TransForce will not receive any proceeds from the Offering.
Following the closing of the Offering, Jolina Capital and its joint actors will continue to have ownership and control over 8,064,163 common shares of TransForce, representing approximately 8.4% of the issued and outstanding common shares of TransForce. Jolina Capital will continue to hold its remaining common shares of TransForce for investment purposes.
TransForce, headquartered in Montréal, Québec, is a transport and logistics company.
McCarthy Tétrault LLP represented National Bank Financial and BMO Nesbitt Burns, the co-lead underwriters, with a team led by Patrick Boucher.