GDI completes arrangement with Medwell

On May 14, 2015, GDI Integrated Facility Services Inc. (GDI) completed an arrangement with Medwell Capital Corporation (Medwell). In conjunction with the arrangement, GDI completed a public offering of 10,105,000 subordinate voting shares at a price of $16.00 per subordinate voting share for gross proceeds of $161,680,000.

GDI sells commercial janitorial services.

The offering was underwritten by a syndicate of underwriters bookrun by TD Securities Inc. and National Bank Financial Inc., co-led by Desjardins Securities Inc., and including GMP Securities L.P., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and Merrill Lynch Canada Inc.

Lavery, de Billy, L.L.P. represented GDI with a team of René Branchaud, Jean-Sébastien Desroches, Josianne Beaudry, Jean-Yves Simard, Leïla Yacoubi, Robert La Rosa and Mylène Vallières.

Michael Kennedy, then at Anfield Sujir Kennedy & Durno LLP, and now at McMillan LLP, acted for Medwell.

Stikeman Elliott LLP represented the syndicate of underwriters with a team that included Robert Carelli, Hadrien Montagne, Julien Michaud and Catherine Ouellet Dupuis.