Intact Financial Corporation Acquires JEVCO Insurance Company  

 

September 2012

On September 5, 2012, Intact Financial Corporation (IFC) announced that it had completed the acquisition of JEVCO Insurance Company for aggregate cash consideration of $530 million. In connection with the financing of the acquisition, IFC also completed a $237 million subscription receipt offering and a $200 million medium term note offering during the second quarter of 2012.

IFC was represented by its internal counsel (Françoise Guénette, Senior Vice-President, Corporate and Legal Services and Secretary, Chantal Denommee, Vice-President, Legal Services and Compliance, Danistan Saverimuthu, Senior Counsel, Mathieu Grenier, Legal Counsel and Guylaine Boudreau, Legal Counsel) and external counsel, including a team from McMillan LLP with respect to public M&A matters and the related financing transactions.

The McMillan team included Sean Farrell, Stewart Ash, Eric Friedman, Mary-Ann Haney, Kim Poster, Ryan Morris, Wendy Chun and Stephen Genttner.