Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Announcement
Sobeys’ Owner Empire Acquires Farm Boy for $800 Million
Davies acted as counsel to Berkshire Partners in the $800-million sale of food retailer Farm Boy Inc. to Empire Company Limited.
Under the deal, Farm Boy has been set up as a separate company within Empire’s structure with the goal of accelerating its growth in urban and suburban markets. Farm Boy’s co-CEOs, together with members of the company’s senior management team, have reinvested for a 12% interest of the continuing Farm Boy business.
The Davies team on this transaction included Cam Rusaw, Patrick Barry, Marc Pontone, Jonathan Bilyk, Adam Fanaki, David Feldman and Paul Lamarre.
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