Mosaic Capital delists with close of sale to Fairfax, MCC

Canadian private equity firm Mosaic Capital Corp has closed the previously announced sale of itself to a vehicle controlled by Fairfax Financial Holdings and Mark Yusishen's MCC Holdings.

Canadian private equity firm Mosaic Capital Corp has closed the previously announced sale of itself to a vehicle controlled by Fairfax Financial Holdings and Mark Yusishen’s MCC Holdings. The all-cash deal was valued at about C$277.3 million, including debt. Mosaic’s common shares and debentures were delisted from the TSX Venture Exchange this week.

PRESS RELEASE

Mosaic Capital Announces Closing of Plan of Arrangement
Calgary, Alberta–(Newsfile Corp. – August 5, 2021) – Mosaic Capital Corporation (TSXV: M) (TSXV: M.DB) (“Mosaic” or the “Company”) announced today the closing of the previously announced plan of arrangement pursuant to which 2356430 Alberta Inc. (the “Purchaser”) acquired all of the outstanding common shares of Mosaic (the “Common Shares”) for $5.50 per share in cash and all of Mosaic’s outstanding convertible unsecured subordinated debentures (the “Debentures”) for consideration of $1,000 plus accrued and unpaid interest for each $1,000 principal amount, in an all-cash transaction valued at approximately $277.3 million including net debt.

The Common Shares and the Debentures will each be delisted from the TSX Venture Exchange (the “TSXV”) effective as of the close of trading on August 5, 2021.
A copy of the Purchaser’s early warning report will be filed on Mosaic’s profile on SEDAR at www.sedar.com.

If you hold your Common Shares through a broker, investment dealer, bank, trust company or other intermediary, your Common Shares will automatically be exchanged for cash without further action on your part. If you are a holder of Debentures, your Debentures will automatically be exchanged for cash without any action on your part. Please contact your broker or other nominee through which you held your Common Shares or Debentures for further information and assistance.

ABOUT MOSAIC CAPITAL CORPORATION
Mosaic is a Canadian investment company that owns a portfolio of established businesses which span a diverse range of industries and geographies. Mosaic’s strategy is to create long-term value for its shareholders through accretive acquisitions, long-term portfolio ownership, sustained cash flows and organic portfolio growth. Mosaic achieves its objectives by maintaining financial discipline, acquiring businesses at attractive valuations, performing extensive acquisition due diligence, utilizing optimal transaction structuring and working closely with subsidiary businesses after acquisition.