Announcement

Descartes Systems Group Acquires Visual Compliance for $330 Million

Davies acted for Management Systems Resources Inc. in the sale of its Visual Compliance and eCustoms business to Descartes Systems Group for $330 million.

Based in Toronto, Visual Compliance is a leading provider of automated global trade compliance software solutions, with a focus on denied and restricted party screening. It serves over 2,000 customers with over 67,500 subscribers operating in over 100 countries.

The deal was completed on February 12, 2019.

The Davies team on this transaction included Brett Seifred, Angela Susac (M&A), Paul Lamarre, Eytan Dishy (Tax), Jessica Bullock and Rachael Lee (Employment).

Related

Canadian Tax and Other Measures Implemented in Response to COVID-19 Pandemic

Mar. 27, 2020 - Starting on March 18, 2020, the Government of Canada has announced a series of emergency measures intended to help stabilize the economy in response to the COVID-19 pandemic. These include tax and economic measures aimed at providing financial support for individuals and businesses and...

A Penalty Under GAAR Will Cause Ineligibility for Public Contracts in Québec

Mar. 23, 2020 - The Act mainly to establish the Centre d'acquisitions gouvernementales and Infrastructures technologiques Québec (Act) was assented to on February 21, 2020, by the National Assembly of Québec. The Act incorporates new provisions in the government procurement rules to combat abusive tax...