Industry
Consumer Goods & Services
Company Profile
CD-REM is a Quebec-based retailer and operates in Ontario under the Personal Edge banner. It was owned by Penfund, a private equity fund. The company manages nearly sixty stores in Quebec and Ontario operating under the Centre du Rasoir and Personal Edge banners.NewPoint’s Role
NewPoint was retained by Penfund to sell the company.Transaction Snapshot
NewPoint was successful in running a sale process that included a bid by Management. The challenge was to ensure that Management did not put itself in a conflict position. Management was ultimately the buyer of the business.Selling a Business
has sold its portfolio company
