Emerisque Brands UK and SKNL North America complete US$87.9 million purchase of Coppley Apparel under CCAA proceedings
Date Closed
August 7, 2009
Lead Office
Toronto
Value
87.90 Million USD
On August 7, 2009, Emerisque Branks UK Limited and SKNL North America, B.V., together with their assignees, completed the purchase of substantially all of the assets of Coppley Apparel Group Limited, a wholly-owned subsidiary of Hartmarx Corporation. The transaction took place in proceedings under the Companies’ Creditors Arrangement Act (Canada).
In a separate but related transaction, the purchasers acquired substantially all of the assets of Hartmarx Corporation and certain of its wholly-owned United States subsidiaries.
The aggregate purchase price for the acquired assets of both Coppley and Hartmarx was about US$87.9 million.
McCarthy Tétrault LLP represented the purchasers in the acquisition, with a team led by James Gage.