The Blackstone Group Sells Stake in Mega Bloks

The Blackstone Group completed, on November 27, 2002, a secondary offering of Mega Bloks Inc. common shares. This transaction follows Mega Bloks’s initial public offering, which closed on May 9, 2002. Affiliates of the group sold 7,187,500 common shares for gross proceeds of $133,687,500. Merrill Lynch Canada Inc. led the underwriting syndicate, which included CIBC World Markets Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.

The group was represented by Wilson Neely and Adam Greene of Simpson Thacher & Bartlett in New York. Mega Bloks was represented by McCarthy Tétrault LLP, with a team consisting of Lorna Telfer, George Maziotis and Peter Roth; along with Alain Tanguay, CFO, and in-house counsel Brahm Segal, vice-president, IP and legal affairs, and in-house counsel and Francis Harvey, Mega Bloks. The underwriting syndicate was represented by Osler, Hoskin & Hartcourt LLP, with a team consisting of Ward Sellers, François Janson and François Leblanc.