Date Closed

April 28, 2008

Lead Office

Québec City

Value

89.00 Million CAD

On April 28, 2008, one of the largest wholesaler and distributor of food and non-food products serving the retail and food-service markets in Canada, Colabor Income Fund, completed the indirect acquisition, through Colabor Limited Partnership, of all of the outstanding shares of Gestion Bertrand & Frères inc., a leading independent food distributor in Eastern Québec, and one of Colabor Income Fund's most important affiliated distributors. Colabor Limited Partnership acquired Gestion Bertrand & Frères inc. for a consideration of C$84.8 million plus the assumption of C$4.5 million of outstanding debt concurrently with a C$40 million issue of units of Colabor Income Fund.

McCarthy Tétrault LLP advised Colabor with a team led by Philippe Leclerc.