AGT and Fairfax close $190M strategic investment transaction

On August 31, 2017, AGT Food and Ingredients Inc. (AGT) and Fairfax Financial Holdings Ltd., through certain subsidiaries (collectively, Fairfax) closed their previously announced transaction, pursuant to which Fairfax agreed to invest $190 million in AGT in exchange for the issuance by AGT of 5.375-per-cent interest-bearing securities and common share purchase warrants. 

Cassels Brock & Blackwell LLP acted for AGT with a deal team that included Kenton Rein and Neil Harris (financial services), Jeffrey Roy, Jamie Litchen and Matt Gold (securities) and Doug Richardson (tax). 

Torys LLP acted for Fairfax with a deal team composed of David Chaikof, Janan Paskaran, Laura Sigurdson and Yvan Moquin. Fairfax was represented by Tom Rowe, Senior Legal Counsel. 

Mayer Brown LLP acted as US counsel to AGT with a deal team that included David Bakst, Kevin Sheridan and Julie Paret.

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