Federated Capital Corp. and Fax Investments Inc. Acquire FAX Capital Corp. for $80.5 Million
Federated Capital Corp. and Fax Investments Inc., entities controlled by the Driscoll family, indirectly acquired all of the remaining outstanding subordinated voting shares of FAX Capital Corp. (TSX: FXC) for an aggregate purchase price of $80.5 million. This going-private transaction was completed pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. FAX Capital is an investment holding company.
Aird & Berlis represented Federated Capital and Fax Investments Inc. with a team that included Jack Bernstein, Richard Kimel, Marek Lorenc and Francesco Gucciardo.