Birch Hill Equity Partners acquires Softchoice for C$412 million by way of plan of arrangement

Date Closed: 6/18/2013

Value: C$412 million

On June 18, 2013, Softchoice completed a going-private transaction by way of plan of arrangement involving Birch Hill Equity Partners. As a result, Goliath Acquisition Inc., a corporation indirectly owned by Birch Hill Fund IV, acquired all of the outstanding common shares of Softchoice for cash consideration of $20.00 per common share (excluding certain common shares held by certain members of senior management which were exchanged for shares in Goliath Acquisition Inc.) for a total acquisition value of approximately $412 million.

Softchoice Corporation is a leading North American provider of technology solutions and services. With over 1,200 employees, Softchoice manages the technology needs of thousands of corporate and public sector organizations across the United States and Canada.

Softchoice was represented by BLG with a team led by Paul Findlay and including Paul Simon, Jeff Barnes and Andrew Bunston (M&A and Securities), Victoria Prince and Brandon Evenson (Intellectual Property), David Di Paolo and Ewa Krajewska (Litigation), Denes Rothschild (Competition), Rob Weir (Employment) and Steve Suarez, Pam Cross and Camille Jordaan (Tax).