Quebec · NOI
Rapport du Syndic - Vente des actifs du Groupe Logient
Court officer report · 29 September 2025
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What we verified from this filing13 verified · 1 withheld
- appointeeFTI Consulting Canada Inc.
- appointee roleSyndic
- provinceQUÉBEC
- commencement date26 September 2025
- secured creditorsnote: Prose approximation ('prêt à terme d'environ 23,8 millions $'); no exact dated balance provided. Syndic notes IQ will suffer a 'perte totale de son prêt à terme' under the proposed transaction and does not oppose it. · page: 3 · amount: 23800000 · debtor: Groupe Logient (Logient Plus Inc., Logient Inc., Logient PI Inc., 9545-4997 Québec Inc./Nventive) · creditor: Investissement Québec (IQ) · currency: CAD · security: Sûreté de premier rang sur les crédits d'impôt (dont les CDAE) à recevoir; sûreté de deuxième rang sur les comptes clients
- statutory basisarticle 65.13(4)c) de la LFI
- secured creditorsnote: Desjardins is described as 'banquier et principal créancier garanti' of the Debtors. Bank advances of ~25.5M CAD as of Sept 23, 2025 exceed the authorized $25M limit; Desjardins is tolerating the overdraft. Prose approximation elsewhere states Desjardins is owed 'approximativement 44 millions $' in total (page 2), which appears to include the separate term loan (~17.7M, see other entry). Syndic to obtain security opinion from Blakes on validity of Desjardins' security prior to hearing (opinion pending). · page: 5 · as of: 2025-09-23 · amount: 25500000 · debtor: Groupe Logient (Logient Plus Inc., Logient Inc., Logient PI Inc., 9545-4997 Québec Inc./Nventive) · creditor: Fédération des caisses Desjardins du Québec (Desjardins) · currency: CAD · security: Avances bancaires/découvert bancaire (limite autorisée de 25 M$ en vertu des conventions de crédit); préavis d'exercice de droit hypothécaire sur les biens meubles (Code civil du Québec) signifié le ou vers le 20 août 2025; sûreté de premier rang sur les comptes clients; sûreté de deuxième rang sur les crédits d'impôt (dont les CDAE) à recevoir
- secured creditorsnote: Component of Desjardins' overall financing package, separate from the revolving bank advances line reported elsewhere. · page: 5 · debtor: Groupe Logient (Logient Plus Inc., Logient Inc., Logient PI Inc., 9545-4997 Québec Inc./Nventive) · creditor: Fédération des caisses Desjardins du Québec (Desjardins) · currency: CAD · security: Prêt à terme, montant total d'environ 17,7 M$ (excluded from the $25M bank-advance limit) — described as a facility/total amount, not a stated outstanding balance
- financial positionnote: Figures in thousands of dollars. Comparative balance sheet as at 2025-05-31 shows total assets 80,442k and total liabilities 90,971k (not used; 2025-07-31 column selected as most current). Working capital reported negative ~16.5M as of 2025-07-31 and negative ~15.5M as of 2025-05-31; carrying values of prepaid expenses, WIP, and non-refundable tax credits flagged as likely overstated relative to orderly-liquidation realizable value. · page: 12 · as at: 2025-07-31 · basis: Internal, unaudited financial statements (Internes, non-audité); FTI states it did not subject the information to any audit, review or assurance engagement standard and expresses no opinion on accuracy or completeness; last audited financial statements were for the year ended May 31, 2023 · scope: Consolidated, Groupe Logient (Logient Plus Inc., Logient Inc., Logient PI Inc., 9545-4997 Québec Inc./Nventive) · currency: CAD · total assets: 78499000 · total liabilities: 87703000
- process resultsbids: 4 · lois: 4 · ndas: 8 · note: 12 acheteurs potentiels sollicités, 8 ont signé un accord de confidentialité, 4 ont soumis des lettres d'offre dans les délais prescrits · as of: 2025-05-15 · solicited: 12
- purchaser95487146 Québec inc.
- sale advisorVMD
- sale outcometext: Le Syndic recommande à la Cour d'accueillir la Requête et d'autoriser la vente des actifs des Débitrices hors du cours normal des affaires conformément à la Convention d'achat. · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.