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ICPEI Holdings Inc. enters definitive agreement for going-private transaction

Date Announced

December 09, 2022

Lead Office

Montréal

On Dec 9, 2022, ICPEI Holdings Inc. (“ICPEI”) entered into an arrangement agreement pursuant to which key members of management of ICPEI and certain employees and shareholders of ICPEI (the “Rollover Shareholders”), Desjardins General Insurance Group Inc. (“Desjardins”) and certain other investors (collectively with Desjardins and the Rollover Shareholders, the “Consortium”) will indirectly acquire all of the issued and outstanding common shares of ICPEI for cash consideration of C$4.00 per share.

McCarthy Tetrault advised the Consortium with a team led by Patrick Boucher and Hadrien Montagne that included Valérie Trudeau, Janie L.-Roy (M&A), Marie-Soleil Landry, Christian Meighen (Tax), Émilie Thibault, Alex Treiber, Anne-Raphaëlle Bolya (Labour and Employment), Deron Waldock (Pension and Benefits), Richard O'Doherty (Financing), Hartley Lefton, Daanish Pasricha(Regulatory), Charles S. Morgan (Intellectual Property).

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