Champlain-Led Consortium and Jean Bédard Take Sportscene Group Private
January 17, 2022
Sportscene Group Inc. completed a going-private amalgamation in which two subsidiaries of 13401537 Canada Inc. (controlled by CEO Jean Bédard) together with a consortium led by Champlain Financial Corporation — including Fondaction, Société Financière Bourgie and Horizon Capital Holdings Inc. — acquired the company. The transaction redeems public Class A shares for $7.25 per share and will result in the delisting of Sportscene from the TSX Venture Exchange and cessation of reporting obligations.
- Buyers
- 13401537 Canada Inc., Champlain Financial Corporation, Fondaction, Société Financière Bourgie, Horizon Capital Holdings Inc., Jean Bédard, Gestion Jean Bédard Inc.
- Targets
- Sportscene Group Inc.
- Sellers
- Public holders of Class A shares of Sportscene (Sportscene shareholders)
- Industry
- Restaurants & Hospitality
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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