Date Closed

February 23, 2018

Lead Office

Montréal

Value

21.60 Million CAD

On February 23, 2018, Walter Capital Partners Inc. ("Walter Capital"), acquired Ergoresearch Ltd. ("Ergoresearch") through 9332073 Canada Inc., a corporation controlled by Walter Capital in partnership with Sylvain Boucher and Danielle Boucher. Pursuant to the transaction, 9332073 Canada Inc. acquired all of Ergoresearch's shares, other than Danielle Boucher's and Sylvain Boucher's shares, for C$0.30 per share in cash.

Walter Capital is a private equity firm based in Montréal. It is part of the Walter Group and invests in established small and medium-sized businesses.

Ergoresearch designs and manufactures technologies for the orthopedic industry. It owns the largest orthotics network in Québec, known as Equilibre – Orthèses et biomécanique.

McCarthy Tétrault LLP advised Walter Capital with a team led by Hadrien Montagne that included François Dupuis, Myreille Gilbert, Laure Fouin and Charles-Alexandre Jobin (Securities), Véronique Wattiez Larose and Marie-Josée Nadeau (Corporate), and Jay Gupta (Real Property).