In June 2002, VOXCOM Incorporated completed a $115 million dollar recapitalization transaction with Catterton Partners and Clairvest Group Inc., which included: (i) the purchase from treasury of $35.9 million convertible preferred shares of VOXCOM by Catterton and Clairvest; (ii) repayment of VOXCOM’s outstanding subordinated debt; (iii) a restructuring of VOXCOM’s $70 million senior credit facility; and (iv) certain corporate governance and post-closing shareholder arrangements.
VOXCOM is a national leader in affordable home and business security services. Catterton Partners is a U.S.-based private equity firm. Clairvest is a Toronto-based merchant bank that forms mutually beneficial investment partnerships with entrepreneurial corporations.
Doug Goss, Q.C., and Graeme Marr of Bryan and Company acted for VOXCOM. Sean Farrell and Mark Adams of McMillan Binch LLP acted for Catterton. David Matlow and Jay Feldman of Goodmans LLP acted for Clairvest. Edwin Cook, Q.C., and Marjorie Simington of Miller Thomson LLP acted for the senior lenders.