PSA Group and MKB acquire interest in Communauto

On September 28, 2016, French car manufacturer the PSA Group (PSA) and Montréal-based merchant bank MacKinnon, Bennett & CO (MKB) acquired a stake in Communauto.

Founded in 1994, Communauto Inc. is one of the largest car-sharing services in North America. 

Communauto was represented by Davies Ward Phillips & Vineberg LLP, with a team that included Philippe Johnson and Fred Purkey (tax) and Chrystelle Chevalier-Gagnon and Christina Sauro, with the assistance of Laurent Marville and Vincent Colas of Reinhart Marville Torre (Paris). 

The Paris and Montréal offices of Dentons assisted PSA with Julie Evangelisti and Hugo Casanovas, in Paris; and Charles Spector and Carole Turcotte, as well as Giancarlo Salvo, in Montréal. 

MKB was represented by Davies Ward Phillips & Vineberg LLP, with a team that included Brian Kujavsky, Marie-Emmanuelle Vaillancourt (tax) and Christine Lenis