Groupe Marcelle Acquires Lise Watier Cosmetiques
Goodmans LLP 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.
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