On May 15, 2001, Groupe Videotron Ltée sold Protectron Inc., a leading alarm and security company in Québec, to a group composed of Wellspring Capital Management LLC from New York and a management team from Protectron Inc. led by Daniel Demers, for a purchase price of $61.5 million. Heller Financial Canada, Ltd. and BNP Paribas (Canada) provided financing for the transaction.
Wellspring Capital Management LLC was represented by Sylvain Cossette (corporate and banking), Rita Lc de Santis (corporate), Mario Cavalancia (tax), Sébastien Thériault (banking), Philippe Johnson (corporate), Sandra Gaudreault (corporate) and Deborah Greenberg (corporate) of Davies Ward Phillips & Vineberg LLP. Quebecor Media Inc. was represented by Jacques Paquin and Martin Rolland of Desjardins Ducharme Stein Monast. Daniel Demers was represented by Daniel Bénay and André Goyer (business) and Pierre St-Aubin (tax) of McCarthy Tétrault LLP. Heller Financial Canada, Ltd. and BNP Paribas (Canada) were represented by Richard Higa and Nicole Frew of McMillan Binch and Alain Roberge of Donahue Ernst & Young LLP.