LEXPERT MAGAZINE
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OCTOBER 2017 25
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CORPORATE TRANSACTIONS OF IMPORTANCE
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E-Commerce Construction & Engineering
Consumer Staples
A GROUP OF INVESTORS
LED BY THE DUTIL FAMILY
COMPLETES THE GOING-
PRIVATE TRANSACTION
OF CANAM GROUP INC.
CLOSING DATE: JULY 1, 2017
A group of investors led by the Dutil fam-
ily (the Family Group) and composed of
American Industrial Partners (AIP), Caisse
de dépôt et placement du Québec (CDPQ )
and Fonds de solidarité FTQ (FSTQ and,
collectively with the Family Group and
CDPQ, the Rollover Shareholders) suc-
cessfully completed the acquisition of Ca-
nam Group Inc. (Canam), a corporation
involved in the design, manufacture and
sale of construction products and services
for the commercial, industrial, institu-
tional, multi-residential and infrastructure
construction industries, for approximately
$875 million, including the assumption of
existing indebtedness.
e acquisition was implemented by
way of a statutory plan of arrangement
under the Business Corporations Act (Qué-
bec) whereby a special-purpose entity held
by AIP and the Rollover Shareholders has
acquired all of the issued and outstanding
common shares of Canam (the Shares),
except for the Shares contributed directly
or indirectly by the Rollover Shareholders
to the Purchaser in exchange for shares of
the Purchaser, for a cash consideration of
$12.30 per share. e shareholders of Ca-
nam approved the arrangement at a spe-
cial meeting held on June 13, 2017. e
final order approving the arrangement was
granted by the Québec Superior Court on
June 15, 2017, and the transaction closed
on June 30, 2017.
AIP was represented by an in-house
team led by Nikhil Bodade, partner and
General Counsel, and assisted by a team
from Stikeman Elliott LLP that includ-
ed Sidney Horn, Robert Carelli, Barbara
Sheng, Olivier Godbout and Laurence
Cromp-Lapierre (corporate/securities),
Luc Bernier and Adam Drori (tax), Mi-
chael Kilby and Gideon Kwinter (regula-
tory), Howard Rosenoff, Elizabeth Labrie
and Dominique Rolland (financing) and
Frédéric Paré and Rémi Leprévost (plan
of arrangement).
AIP was represented in the United
States by a team from Ropes & Gray LLP
that included Daniel Evans, Anna Rozin,
Vernie Hsu and Oren Rafii (corporate)
and Stefanie Birkmann and Jenelle De-
Vits (financing).
Canam was represented by an in-house
team led by Louis Guertin, Vice President,
Legal Affairs and Secretary, and assisted
by a team from Fasken Martineau Du-
Moulin LLP that included Jean-Pierre
Chamberland, Marie-Josée Neveu, Kiran
Singh and Magali Brunelle (corporate/
securities), Alain Riendeau and Brandon
Farber (plan of arrangement), Marc No-
vello (banking), Alain Ranger (tax) and
Huy Do (competition).
e Family Group was represented by
a team from Stein Monast LLP that in-
cluded Jacques Cossette-Lesage, Richard
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