Groupe Marcelle Acquires Lise Watier Cosmetiques
|Areas||Corporate and Commercial, Intellectual Property , Private Equity, Tax|
Goodmans represented the selling shareholders, led by Imperial Capital Corporation in connection with Groupe Marcelle Inc.'s acquisition of Lise Watier Cosmetiques Inc., restoring the company to Quebec-based ownership. With this acquisition, Groupe Marcelle Inc. becomes the largest Canadian-owned company in the beauty care products industry, carrying the brands Marcelle, Lise Watier, Annabelle and CW Breggs and Sons. The acquisition included a concurrent debt financing involving the Bank of Montreal and an $18 million investment in Groupe Marcelle by the Caisse de depot et placement du Quebec.