On October 12, 2004, UTi Worldwide Inc. announced the acquisition of all of the shares of Unigistix Inc. of Toronto from Wynnchurch Capital Partners Canada LP and certain of its affiliates, Caisse de dépôt et placement du Québec, Roynat Capital Inc., the founding shareholder and other shareholders. The purchase price consisted of an up-front cash payment of $93.5 million and a potential earn-out payment of up to approximately $6 million payable over two years based on anticipated future growth of the Canadian company.
From its three facilities in the Toronto area, Unigistix serves customers in the telecommunications, apparel, pharmaceuticals and healthcare sectors with high-technology solutions for managing and tracking product movement.
UTi Worldwide Inc. is an international, non-asset based global integrated logistics company providing air and ocean freight forwarding, contract logistics, customs brokerage and other supply chain management services.
UTi Worldwide Inc. was represented by Stephen Savarese, vice-president and general counsel of the Americas division of UTi Worldwide; by US counsel Paul, Hastings, Janofsky & Walker LLP with a team that included Stephen Cooke, Deyan Spiridonov and Mark Prochowski (corporate); and by Canadian counsel WeirFoulds LLP with a team that included Daniel Ferguson, Ryan Filson and Paul Klasios (corporate) and Maralynne Monteith (tax).
Unigistix and Wynnchurch Capital Partners were represented by a team from Stikeman Elliott LLP in Montreal, Toronto and Calgary that included John Leopold, Samantha Horn, Peter Castiel, Dean Koumanakos, Danielle Denomy, Melissa Schyven, Tanya Padberg and Leland Corbett (corporate), and Robert Hogan and Frank Mathieu (tax).
The founder and the management shareholders were represented by a team from Davies Ward Phillips & Vineberg LLP that included Gillian Stacey and Dale Osadchuk (corporate) and Siobhan Monaghan and Paul Lamarre (tax).
The Caisse was represented by internal counsel Guy Lebeuf, and by Nathalie Provost and Diane Bertrand of Fasken Martineau DuMoulin LLP in Montreal. Roynat was represented by Gary Shiff at Blake, Cassels & Graydon LLP.