9486-4410 Quebec Inc entered into a share purchase agreement to acquire Agence L.I.V. Inc. from KDA Group Inc. for $13.5 million.
The transaction is subject to the satisfaction of certain conditions including the approval of the TSX Venture Exchange, the consent of KDA's creditors, Persistence Capital Partners II, L.P. and Private Debt Partners Senior Opportunities Fund LP, and the consent of KDA's shareholders. The consent of KDA's shareholders will be sought at the annual general and special meeting of the Corporation's shareholders to be held on Tuesday, June 27, 2023. In connection with the transaction, KDA and the Purchaser are arm's length parties and a finder's fees totaling $336,000 will be payable to an arm's length party, the whole subject to the closing of the transaction and approval by the TSXV. The proposed transaction is expected to close on or about June 30, 2023. Thibeault Joyal inc acted as legal advisor to KDA Group inc. and Jones Day acted as legal advisor to The Riverside Company.