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 was retained by Penfund to sell the company.
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.