On November 18, 2004, Dollarama L.P. acquired a majority position in the Dollarama business of Montreal-based S. Rossy Inc. and Dollar A.M.A. Inc., with the founders and management retaining a substantial stake.  Dollarama is the largest dollar store network in Canada with over 340 stores in six provinces. 

Bain Capital and the management group provided the equity to finance the acquisition. In addition, a syndicate of lenders led by Royal Bank of Canada, as administrative agent, Citibank Canada, as syndication agent, The Bank of Nova Scotia and JPMorgan Chase Bank, as co-documentation agents, Citigroup Global Markets Inc., as joint lead arranger and joint book-running manager, RBC Capital Markets, as joint lead arranger and joint book-running manager for the term A facility and the revolving credit facility and J.P. Morgan Securities Inc., as joint lead arranger and joint-book running manager for the term B facility provided senior secured debt financing.  Furthermore, a group of lenders led by Citicorp North America, Inc., as administrative agent, Royal Bank of Canada, as syndication agent, The Bank of Nova Scotia and JPMorgan Chase Bank, as co-documentation agents and Citigroup Global Markets Inc., RBC Capital Markets  and J.P. Morgan Securities Inc., as joint lead arrangers and joint book-running managers provided a senior subordinated debt facility. 

Davies Ward Phillips & Vineberg LLP acted for S. Rossy Inc. and Dollar A.M.A. Inc., with a team that included Richard Cherney, Sam Minzberg, Janet Ferrier, Hillel W. Rosen, Sébastien Roy and Sylvie Guillemette (corporate) and Alan Shragie and Michael Kandev (tax) of the Montreal office.