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L Catterton sells Naya Waters Inc. to Champlain Financial Corporation and GefCo.

Date Closed

March 15, 2021

Lead Office


On March 15, 2021, Laurentians Acquisition Corporation Inc., an affiliate of L Catterton, sold Naya Waters Inc., a Mirabel, Quebec-based provider of natural spring water and spring-water based drinks, to Champlain Financial Corporation and GefCo. This transaction situations Naya Waters well to expand its development across Canada.

L Catterton is a private equity company headquartered in Greenwich, Connecticut.

Champlain Financial Corporation is a Canadian private equity firm based in Montreal, Quebec, with investments across Canada and the United States.

GefCo. is a Canadian private holding company based in Laval, Quebec.

McCarthy Tétrault LLP advised L Catterton with a team led by Patrick M. Shea that included Vincent Laurin and Karl Bherer (Corporate and M&A), Cindy Vaillancourt and Amelia Fong (Environmental), Mary Pagonis (Real Estate & Planning), Diana Theophilopoulos (Labour & Employment), Véronique Wattiez Larose (Intellectual Property) and Marie-Soleil Landry (Tax).