Loopstra Nixon Advises Peller Family Enterprises on Fairfax Financial's Acquisition of Andrew Peller

Loopstra Nixon advised Peller Family Enterprises Inc. ("PFEI"), the largest shareholder of Andrew Peller Limited (“Andrew Peller”), in connection with Fairfax Financial Holdings Limited's acquisition of Andrew Peller in a transaction that will take the company private.

Under the terms of the transaction, Fairfax will acquire all of Andrew Peller's issued and outstanding Class A non-voting shares and Class B voting shares by way of a plan of arrangement under the Canada Business Corporations Act, at a price of CA$8.00 per Class A share and CA$12.00 per Class B share, representing premiums of 41% and 70%, respectively, over Andrew Peller's pre-announcement closing price. The transaction values Andrew Peller at approximately CA$579 million on an enterprise value basis. Following closing, Andrew Peller is expected to delist its shares from the Toronto Stock Exchange.

The transaction is subject to customary closing conditions, including, among others, court approval, regulatory approvals and the requisite approval of the shareholders and is expected to close in the third quarter of 2026.

The Loopstra Nixon team included Allan Ritchie, Matthew Grant, Michael Orlan, Gurpal Bopa Rai, and Lily Modir.

Read the announcement here.