Québec investors wrap up $186 mln acquisition of Manac
The privatization of Canadian specialty trailers manufacturer Manac Inc (TSX: MA) has been completed. As previously reported by PE Hub Canada, Manac agreed in August to be bought by a 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 deal valued Manac at $186 million. U.S. private equity firm American Industrial Partners was among the shareholders who signaled early agreement to the arrangement. Manac, which is based in Saint Georges, Québec, is expected to see its shares delisted from the Toronto Stock Exchange by October 8th.
7 October 2015•3 mins read
