AIMIA ENTERS INTO DEFINITIVE AGREEMENT TO SELL ITS SPECIALTY CHEMICALS BUSINESS

Executive Summary

• Aimia Inc. entered into a definitive agreement to sell its interest in Giovanni Bozzetto S.p.A. (“Bozzetto”) to private‑equity firm One Equity Partners (OEP).
• The transaction is expected to generate net proceeds of CAD $265–$271 million after debt repayment, minority interests and transaction costs.
• Proceeds will be used to strengthen the balance sheet and fund future acquisitions consistent with Aimia’s three‑step value‑creation strategy; the company also expects no tax impact due to its large tax‑loss carryforward.

Key Details

• Transaction Structure: Sale of Aimia’s 100 % interest in Bozzetto (specialty chemicals business).
• Buyer: One Equity Partners, a middle‑market private‑equity firm focused on industrial, healthcare and technology sectors.
• Net Proceeds Estimate: CAD $265–$271 million (converted from EUR at 1.613 CAD/EUR as of Feb 6 2026).
• Closing Timeline: Expected within three months of the announcement, subject to customary conditions and regulatory approvals; no shareholder approval required under Canada Business Corporations Act.
• Use of Proceeds:
• Strengthen Aimia’s balance sheet.
• Support acquisition of controlling interests in operating companies aligned with its three‑step strategy launched Q1 2025.
• Tax Consideration: Aimia does not expect any tax liability from the sale due to existing CAD $1.1 billion of tax‑loss carryforwards.
• Senior Notes Impact: Under the terms of Aimia’s 9.75 % Senior Unsecured Notes, the company must offer to repurchase all outstanding notes at par plus accrued interest after selling >50 % of assets; principal value of these notes was $142.6 million as of Dec 31 2025.
• Historical Context: Aimia acquired Bozzetto in May 2023; Bozzetto is an Italy‑based company with a 100‑year history and ~1,500 global customers providing sustainable textile, dispersion and water solutions.
• Advisors: Jefferies (exclusive financial advisor) and White & Case LLP (legal advisor).
• Conference Call: Hosted on the day of release at 8:30 am ET; webcast link provided for live and archived audio.

Notable Quotes

“The sale of Bozzetto is further progress in our three‑step strategy to drive shareholder value creation… We look forward to allocating the net proceeds of this transaction towards value‑accretive investments with the ultimate goal of utilizing CAD $1.1 billion of tax losses.” – Rhys Summerton, Executive Chair

“On behalf of Aimia’s board of directors, I would like to thank Bozzetto’s executive leadership team… and all employees for their contributions over the past two years.” – Rhys Summerton