Ontario · CCAA
Fourth Report of the Monitor dated June 27, 2023
Court officer report · 27 June 2023
What we verified from this filing6 verified
- closing confirmedscope: the Transaction (all issued and outstanding shares of Travel Services and the balance of the Purchased Assets) · outcome: completed · effective: 2023-06-01 · purchaser: BMO · date basis: stated · approval order date: 2023-05-12
- fee scheduleengagements: form: invoice_listing · rows: · money: approximate: false · period: end: 2023-03-31 · kind: invoice · quote: For professional services rendered for the period ended March 31, 2023 by KSV Restructuring Inc. · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') was appointed monitor of the Applicant (in such capacity, the ' Monitor ') · context quote: For professional services rendered for the period ended March 31, 2023 by KSV Restructuring Inc.; form: invoice_listing · rows: · money: approximate: false · period: end: 2023-05-31 · kind: invoice · quote: For professional services rendered for the period ended May 31, 2023 by KSV Restructuring Inc. · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') was appointed monitor of the Applicant (in such capacity, the ' Monitor ') · context quote: For professional services rendered for the period ended May 31, 2023 by KSV Restructuring Inc.; form: time_summary · rows: Brendan O'Neill; Erik Axell; Andrew Hannes; Chris Armstrong; Evita Ferreira · money: approximate: false · period: kind: unstated · label: Applicable Period · quote: Summary of Goodmans LLP Accounts for the Applicable Period · approval: state: unstated · averages: rate: 858.28 · quote: at an average hourly rate of $858.28 · scope: Goodmans · currency: · invoices: · firm text: Goodmans LLP · firm quote: Summary of Goodmans LLP Accounts for the Applicable Period · hours total: quote: Goodmans incurred a total of 818.4 hours in connection with this matter during the Application Period · value: 818.4 · context quote: Summary of Goodmans LLP Accounts for the Applicable Period
- purchaserBMO; First Gulf KEC Development Limited
- sale advisorPJT Partners LP; Infinity Asset Solutions Inc.
- sale outcometext: The Transaction, a going-concern sale of the AIR MILES Reward Program business, closed · scope: whole_business · status: closed
- stalking horseBMO (160259861)