Ski Sutton Inc. has been acquired by a group of private investors composed of managers of the ski resort. The transaction was carried out by way of an arrangement and was concluded for $7.5 million in March 2016.
The Lavery team, composed of Isabelle Richard, Mylène Vallières, Josianne Beaudry, Luc Borduas, Jean-Yves Simard, and René Branchaud represented Ski Sutton Inc.’s controlling shareholders in the sale of the shares and its privatization. It also prepared the documents for this transaction, including the arrangement agreement and the information circular for the shareholders’ meeting, and obtained the court’s approval to proceed with the transaction.