Morneau Sobeco Income Fund acquires Shepell•fgi
Date Closed
June 2, 2008
Lead Office
Toronto
Value
322.00 Million CAD
On June 2, 2008, Morneau Sobeco Income Fund completed the indirect acquisition of the business of Shepell•fgi from Clairvest Group Inc. and its partners for total consideration of approximately C$322 million to be paid over two years. Morneau Sobeco is the largest Canadian-owned pension and benefits consulting and outsourcing firm, providing services to organizations across Canada and in the United States. Shepell•fgi is Canada’s largest provider of employee health and productivity services.
McCarthy Tétrault LLP advised the lenders to Morneau Sobeco Income Fund with a team led by Richard Higa.