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The Solidarity Fund QFL completes investment in CT-Payment, wholly owned subsidiary of Centrale Taxes

Date Closed

December 30, 2010

Lead Office

Montréal

On December 30 2009, a subscription (the “Subscription”) of preferred shares in the capital of CT-Payment Inc. (the "Company"), a wholly owned subsidiary of Centrale Taxes Inc., by The Solidarity Fund QFL (the “Fund”) in partial payment of the purchase of all shares, units and other assets from TELUS Corporation (“TELUS”) of the Assure Pay Debit and Credit Card processing business (the “Acquisition”). This business offers custom payment solutions across a wide range of communication protocols. It supports transactions from all major credit cards, as well as private-label, travel & entertainment and fleet cards. This Acquisition makes the Company the largest third party payment processor with actual connections to all Canadian acquirers. McCarthy Tétrault advised the Fund with a team that was led by Patrick Boucher.

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