Solina, TGOD and goPeer choose Langlois to assist with their business transactions

During the first quarter of 2020, Langlois lawyers’ business law team completed several important mandates for its clients, which include a major French agri-food multinational acquiring a Quebec company; a premium certified organic cannabis producer negotiating a $30 million revolving credit facility; and a Toronto-based financial technology start-up preparing its offering memorandum and registering as an exempt market dealer. Here are the details. 

 

Solina Group completes the acquisition of Produits Alimentaires Berthelet 

On January 31, 2020, Langlois represented Solina Belgium SA, a major player in the savoury food ingredients market in Europe, in its acquisition of Produits Alimentaires Berthelet, a Quebec-based family business specializing in soups, sauce mixes, spices, seasonings, dessert toppings and dairy bar products for the past 60 years. 

After a similar acquisition in the United Kingdom in 2018, this latest acquisition represents the first step in Solina’s ambitious growth plan in North America. 

Participants: William D. Hart (mergers and acquisitions), Simon Chénard (mergers and acquisitions), Olivier Scheffer (mergers and acquisitions), Catherine Vaillancourt (corporate), Raphaelle Alimi-Lacroix (employment), Philippe Bélisle (employment), Adèle Poirier (real estate) and Jean-François Gagnon (insurance). 

 

The Green Organic Dutchman (TGOD) announces multi-million dollar incremental credit facility

Langlois represented The Green Organic Dutchman Holdings Ltd., a major producer of premium certified organic cannabis, in connection with a $30 million revolving credit facility with a private lender, secured by the accounts receivable and inventory of the company’s subsidiaries. 

The Langlois team helped TGOD negotiate security documentation for all mortgaged assets in Quebec and provided advice on the related loan documentation. The Green Organic Dutchman is a Health Canada licensed producer of cannabis. Langlois is proud to have been advising the group since its establishment in the province in 2017. 

Participants: Roger Bill (corporate financing) and Vincent Tremblay (corporate financing). 

 

goPeer Corporation receives Securities Regulators’ approval to operate Canada’s first consumer peer-to-peer lending platform 

goPeer Corporation is a Toronto-based FinTech start-up active in Canada’s exempt market in all provinces. The Langlois team assisted goPeer with all aspects of preparing its offering memorandum, its registration as an exempt market dealer and its regulatory compliance. It also helped draft the loan agreements required for goPeer’s online consumer lending model, the first of its kind in Canada. goPeer is an emerging enterprise that has benefited from Langlois’ “L-INC” program for start-ups. 

Participants: Félix Bernard (securities, corporate), Jean-Simon Deschênes (corporate, banking), Marc-Antoine Thériault (corporate, banking) and Catherine Vaillancourt (corporate).

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