Date Closed

December 21, 2004

Lead Office

Toronto

Value

148.00 Million CAD

On December 21, 2014, The Data Group Income Fund completed a C$133 million initial public offering of units ($148 million after the over-allotment option granted to the underwriters was exercised in full on January 11, 2005).

The net proceeds of the offering were used primarily to acquire Data Business Forms Ltd., a leading provider of total document management solutions including printed products. Concurrently with the closing of the offering, Data Business Forms repaid its existing credit facilities and entered into a senior secured revolving credit facility in the principal amount of $50 million, $40 million of which was drawn on closing. The units were offered for sale by a syndicate of underwriters led by CIBC World Markets Inc. and TD Securities Inc., and included BMO Nesbitt Burns Inc., National Bank Financial Inc. and Scotia Capital Inc.

The Fund and the seller were represented by McCarthy Tétrault LLP with a team that included Jonathan Grant, Frank DeLuca, Robert Hansen, Ryan Hunter and Roger Chouinard (corporate and securities), James Morand (tax), Gordon Baird, Bernadette Saumur, Lynn Parsons and Keith Lau (banking) and Daniel Black (labour and employment).