Lorne Park Capital Partners Completes Going Private Transaction

Executive Summary

• Lorne Park Capital Partners Inc. completed its previously announced plan of arrangement, resulting in an affiliate of Sagard Private Equity Canada acquiring all outstanding shares at C$2.23 per share.
• The transaction provides a cash premium to shareholders and will lead to the delisting of Lorne Park’s common shares from the TSX Venture Exchange after trading ends on October 20, 2025.
• Key insiders (President/CEO Robert Sewell and senior officer Steve Meehan) sold their holdings as part of the deal; Sewell now holds ~35.8% of the equity in the resulting private company, while Meehan holds ~2.1%.

Key Details

• Consideration: C$2.23 per share for all issued and outstanding shares (54,653,575 shares).
• Total cash proceeds to shareholders: Approximately C$122 million (derived from 54.65 M × C$2.23).
• Rollover Shareholders: Certain shareholders entered equity rollover agreements; they exchanged their shares for shares of the Purchaser at an implied value of C$2.23 per Purchaser share.
• Delisting: Lorne Park’s shares will be delisted from the TSX Venture Exchange after trading closes on October 20, 2025. The company has applied to cease being a reporting issuer under Canadian securities laws.
• Purchaser Details: Affiliate of Sagard Private Equity Canada; address – 199 Bay Street, Commerce Court West, Suite 5300, Toronto, ON M5L 1B9, Canada. Sagard will own 37.9% of the Purchaser post‑closing.
• Insider Transactions:
• Robert Sewell sold shares for aggregate cash proceeds of C$1,210,553 and relinquished control of his Lorne Park holdings; he now indirectly controls ~35.8% of the equity in the private company.
• Steve Meehan sold shares for aggregate cash proceeds of C$11,672,143; he now indirectly controls ~2.1% of the equity in the private company.
• Shareholder Action Required: Remaining shareholders must complete and return the Letter of Transmittal with required documents to receive cash consideration. Contact Odyssey Trust Company (toll‑free 1‑888‑290‑1175, email [email protected]) for assistance.
• Early Warning Filings: Purchaser, Robert Sewell, and Steve Meehan will file early‑warning reports pursuant to NI 62‑104/62‑103; reports available on SEDAR+.

Notable Quotes

“We are pleased to complete this transaction, which provides a significant cash premium to our shareholders and positions Lorne Park to act on opportunities in the wealth management sector,” – Robert Sewell, President & CEO.

All non‑material boilerplate (company description, forward‑looking disclaimer, contact information, etc.) has been omitted.