Québec investors and Marcel Dutil to take Manac private in $186 mln deal
Manac Inc (TSX: MA), a Canadian manufacturer of specialty trailers, has agreed to be bought by an investor group made up of Marcel Dutil, the company's founder, the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and Fonds Manufacturier Québécois. The transaction values Manac at $186 million, including debt. The take-private acquisition follows a strategic review process launched in March. It will be put before shareholders by early October. U.S. private equity firm American Industrial Partners and other shareholders, including two members of the investor group, have agreed to vote their shares in favour. Founded in 1966, the company is based in Saint Georges, Québec.
13 August 2015•8 mins read
