Dorel Industries Inc.’s $470 Million Privatization


Osler, Hoskin & Harcourt LLP advised Koch Equity Developmen on the transaction.

Dorel Industries Inc. announced that it had entered into a definitive arrangement agreement to go private, valued at $470 million. The cash consideration will be financed through a combination cash funded by Koch Equity Development LLC and the Buyer Group, led by Cerberus Capital Management L.P. The transaction will enable Dorel to continue to serve its employees, business partners and other stakeholders.

Koch Equity Development LLC is the acquisition and investment subsidiary of Koch Industries, Inc. and focuses its efforts on traditional merger and acquisition activity, as well as principal investments. Since 2012, KED has invested approximately US$30 billion of equity capital into public, private and family-owned businesses.

Dorel Industries Inc. is a global organization, operating three distinct businesses in juvenile products, bicycles and home products.

Cerberus is a global leader in alternative investing with over $48 billion in assets across complementary credit, private equity, and real estate strategies.

The Osler, Hoskin & Harcourt LLP team consisted of Alex Gorka (Picture), Brett Anderson, Aly Kim (Corporate) and Matias Milet (Taxation).

Involved fees earner: Brett Anderson – Osler Hoskin & Harcourt; Alex Gorka – Osler Hoskin & Harcourt; Aly Kim – Osler Hoskin & Harcourt; Matias Milet – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Koch Equity Development LLC;

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Author: Ambrogio Visconti