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Transaction/Case Details

Novik completes C$45 million sale to Clearview Capital

DATE CLOSED

February 14, 2014

BUSINESS SECTOR

General Manufacturers

LEAD OFFICE

Montreal

VALUE

45 Million CAD


OVERVIEW

On February 14, 2014, Novik Inc. completed its sale to Clearview Capital by way of a plan of arrangement pursuant to the Business Corporations Act (Québec). The aggregate purchase price was approximately C$45 million. Novik’s shares were de-listed from the TSX Venture Exchange.

Novik, headquartered in St-Augustin-de-Desmaures, Québec, designs, manufactures and distributes polymer exterior siding, and roof coverings and accessories for the residential and commercial construction industries.

Clearview Capital, headquartered in Old Greenwich, Connecticut, is an investor and developer of mid-sized, North American companies.

McCarthy Tétrault LLP represented Novik, the target, with a team led by Philippe Leclerc, and including Charles-Antoine Soulière and Myreille Gilbert (Mergers & Acquisitions); Jean Lortie and Pascale De Meyer (litigation); and Cindy Vaillancourt (environment).

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