On June 18, 2021, Desjardins Capital (“Desjardins”) completed a purchase of shares of Avril Supermarché (“Avril”), a large Quebec-based supermarket chain. Pursuant to this acquisition, Desjardins has become the third largest shareholder of the company. Its new share capital will enable Avril’s sustainability and expansion in the retail sector for the coming years. Avril specializes in natural, organic food, food supplements and natural cosmetics, and has approximately 1,200 employees and 10 locations across Quebec.
A subsidiary of Desjardins Group, Desjardins Capital is a fund manager that offers strategic and financial support to growing businesses and innovative start-ups in Quebec.
Miller Thomson advised Desjardins with a team led by Alexandre Hebert (Corporate/M&A), and comprised of Vincent Milette (Corporate/M&A); Nathalie Marchand (Private Client Services), Jessica Fournier (Corporate Paralegal) and Emily Cruz Isgro (Student).