mdf commerce inc. completes the transformational acquisition of Periscope Intermediate Corp. for approximately C$260 million

Date Closed

August 31, 2021

Lead Office

Montréal

Value

260.00 Million CAD

On August 31, 2021, mdf commerce inc. closed the transformational acquisition of Periscope Intermediate Corp. for approximately C$260 million and the public offering and concurrent private placement of an aggregate 15,057,389 of subscription receipts at a purchase price of $8.00 per subscription receipt for aggregate gross proceeds to mdf commerce of approximately $120 million.

mdf commcerce inc. provides SaaS solutions with the goal of optimizing commercial interactions between buyers and sellers.

Periscope Intermediate Corp. is an eProcurement solution provider that offers a fully integrated, end-to-end procurement solution to both state and local government agencies and suppliers in the U.S.

McCarthy Tétrault LLP advised mdf commerce inc. with a team led by Clemens Mayr and Hadrien Montagne and that included Rami Chalabi, Isabelle Nazon, Vincent Laurin, Dominique Paiement and Annie Poirier-Simard (Business).

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