Capabilities

Cross-Border Restructuring

MAAX Corp.

Our attorneys represented MAAX Corp. in its cross-border restructuring of a combined $535 million in secured and unsecured debt. MAAX sold its assets to Tricap Partners Ltd, a private equity fund managed by Brookfield Asset Management.  The sale involved a credit bid by an affiliate of Tricap, Brookfield Bridge Lending Fund Inc.  The sale was implemented through a filing under the Companies’ Creditors Arrangement Act (CCAA) in Montreal. After securing approval of its sale in Canada, certain of MAAX’s US subsidiaries filed Chapter 15 in Delaware for cross-border recognition to complete the sale.

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