D+H Limited Partnership Completes Acquisition of Asset Inc. 

 

January 18, 2011

On January 18, 2011, D+H Partnership Limited, a wholly owned subsidiary of Davis + Henderson Corporation, completed its previously announced acquisition of ASSET Inc., Canada's largest provider of technology based asset recovery and insolvency management solutions to the Canadian financial services industry. ASSET's business also includes solutions to support real property recovery, unsecured debt recovery, insolvency process management, and personal property lien search and registration services. The acquisition furthers D+H's strategy of being a leading provider of integrated solutions to the financial services industry and, in particular, deepens its capabilities across the broader lending spectrum.

The purchase price was $76 million payable in cash, which D+H financed with an extension of existing credit facilities.

McMillan LLP acted as legal counsel to D+H with a team that included Patrick Phelan and J.R. Beaudrie (corporate), Keith Bird (intellectual property), Henry Krupa (environmental) and Robert Fraser (real estate).