On September 30, 2008, Newport Partners Income Fund sold 100 per cent of the assets of EZEE ATM LP, Canada's second-largest full-service independent provider of Automatic Teller Machines (ATMs), operating more than 3,800 ATMs across the country, to Access Cash General Partnership for a purchase price of $41.2 million. Bank of Montreal provided financing for the transaction.
Access Cash General Partnership and its investors were represented by Philippe Johnson, Janet Ferrier, Christopher Karambatsos (mergers and acquisitions), Mario Cavalancia and Fred Purkey (tax) of Davies Ward Phillips & Vineberg LLP; Michael Brosse, Kevin Treesh (tax), Patricia Betterly and Robert Rizzo of Kirkland & Ellis LLP (New York) and Bernard Morris (tax) and Preet Bell (tax) of Bennett Jones LLP.
Bank of Montreal was represented by Pierre B. Côté, Claudine Millette, Gus Karantzoulis and Béatrice Couture of Borden Ladner Gervais LLP.
Newport Partners Income Fund was represented in-house by Mihkel Holmberg and Kate Watson.