On May 10, 2004, VOXCOM Inc. completed a going private transaction with an affiliate of Catterton Partners and Clairvest Group Inc. involving outstanding debt and equity including:
(a) the redemption of approximately $5 million in publicly traded stock; (b) amendments to the terms for other outstanding securities in the amount of approximately $39 million, including revisions to the corporation’s shareholders agreement; and (c) amendments to the corporation’s $70 million senior credit facility.
VOXCOM is a leader in affordable home and business security systems. Catterton Partners is a US-based private equity firm, formed to make equity and equity-related investments in companies with a primary focus on the consumer product and services industry. Clairvest is a Toronto-based merchant bank that forms mutually beneficial investment partnerships with entrepreneurial corporations.
VOXCOM was represented by Doug Goss, Q.C., and Graeme Marr of Bryan & Company.
Catterton was represented by Bruce Chapple and Sean Farrell of McMillan Binch.
Clairvest was represented by Jay Feldman of Goodmans.
The senior lenders were represented by Edwin Cookm, Q.C., and Kevin Trumpour of Miller Thomson.