October 01, 2015

Nelson Education Ltd. Completes Restructuring Transaction

Goodmans represented Nelson Education Ltd. in connection with the completion of a sale of substantially all of its assets to 682534 N.B., now operating as Nelson Education Ltd., in exchange for the compromise and release of approximately US$270 million of first lien secured debt obligations. The completion of the transaction was pursuant to a sale transaction approved pursuant to the Companies' Creditors Arrangement Act following a comprehensive sale and investment solicitation process. The transaction resulted in the continuation of the Nelson business without disruption to the employment of Nelson's employees and the assumption of substantially all trade payable, contractual obligations and employment obligations.

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Clients note, "A very responsive team, which works well under tight timelines, provides quality work with minimal back and forth, and demonstrates attention to detail." — The Legal 500 Canada
...its borrower-side work and involvement in complex restructuring-related matters is particularly impressing. — The Legal 500 Canada
Clients note, "The team is extremely commercially oriented and able to get to the crux of the issue right away." — Chambers Canada
Clients note, "The firm provides sound advice on various complex and time-sensitive transactions including explaining our options and the related pros and cons to each decision." — Chambers Canada
Clients note, the Goodmans team takes a "Pragmatic, commercial view towards getting the transaction closed in a smooth, efficient manner," adding "Partners remain deeply engaged through the transaction." — IFLR1000
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