On Feb. 17, 2021, Home Hardware Stores Limited and Groupe Turcotte acquired home improvement retailer Patrick Morin, which is based in the construction and renovation industry in Quebec and founded in 1960. The value of the acquisition is undisclosed.
The security package included mortgages on more than 20 real estate properties.
Dentons Canada LLP represented Desjardins, National Accounts in the syndicated financing of the acquisition with a team composed of
Dominique Lévesque (banking and finance),
Antonina Roudavina (real estate).
LJT Avocats represented Groupe Turcotte with a team composed of
Gowling WLG represented Home Hardware Stores Limited with a team composed of
Abida Ludin (corporate);
Fabienne Racicot (real estate);
Jean-François Vadeboncoeur (financing);
Bryce Kraeker (client relationship partner).
De Grandpré Chait LLP represented Patrick Morin with a team composed of
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