Trigo Group (the Group) and its shareholders, including IK Investment Partners, acquired The PIC Group for an undisclosed amount.
Founded in 1997, Trigo is a multinational company headquartered in Paris, France, providing quality management solutions for the manufacturing sector, particularly within transportation industries. Trigo offers a comprehensive portfolio of quality inspection, engineering and management services to its customers.
IK Investment Partners is a European private equity advisory group in the Nordics, DACH region (Germany, Austria and Swiss), France and Benelux.
IK Investment Partners focuses on mid-market investments in four broad categories relating to business services, care, consumer goods and industrial goods.
Founded in 1985, The PIC Group, headquartered in Ontario with locations in Canada, the United States and Mexico, first began by offering a variety of training seminars. They quickly grew their business by responding to the needs of their customers with quality solutions including quality inspection, engineering and training. Today, PIC services the automotive and manufacturing sectors in North America, including many major auto manufacturers and their Tier 1 supplier base. PIC employs nearly 2,000 people.
The Trigo Group and IK Investment Partners were represented by Fasken Martineau DuMoulin LLP with a team led by Niko Veilleux and consisting of Anabel Quessy, Jesse Bertollo, Guillaume Saliah, Emilie Marceau (M&A), Marc Novello, Svetlana Samochkine (financing) Jean-François Perrault (tax), Marc Rodrigue and Christian Paquette (labour).
The Trigo Group and IK Investment Partners were also represented by its French counsel King & Wood Mallesons AARPI with a team lead by Maxence Bloch and including Benjamin Garçon, Mathieu Terrisse (M&A), Olivier Vermeulen, Adeline Tieu-Roboam, Tereza Courmont-Vlkova and Antoine Venier (financing).
Certain US aspects of the transaction were handled by Goodwin Procter LLP on behalf of Trigo with a team led by Jon Herzog and including David Henken and Hilary Levin (M&A).
Gowling WLG advised The PIC Group in this transaction with a team that included Tina Woodside, Jonathan Behar, David Campbell, Andrew Zed and Nick Scissons (corporate/M&A) and Paul Carenza and Mariam Al-Shikarchy (tax).
Certain shareholders of The PIC Group were advised by Paul Budovitch of Torys LLP.