NRDC Equity Partners acquires Hudson's Bay Company
17 Jul '08
4 min read
Robert Johnston, President and CEO of Hbc and Executive Vice President and Chief Strategy Officer, The InterTech Group stated, "This transaction is a true win for all parties involved.
The InterTech Group receives an excellent return on its investment, NRDC acquires an outstanding retailer with tremendous potential and the ability to leverage its brands and other properties into Canada, and Hbc employees will have the opportunity to build a dynamic new company."
NRDC Equity Partners was founded by Bill Mack, Lee Neibart, and Robert and Richard Baker. Robert Baker said, "The combined companies own a portfolio of trophy real estate assets that create spectacular opportunity for development around the existing retail operation."
NRDC Equity Partners also announced the following executive appointments: Francis Casale will serve as Chief Financial Officer of HBTC; Donald Watros will serve as Chief Administration Officer of HBTC; and Brian Pall will serve as President of the HBTC Property Company.
NRDC Equity Partners was represented by Paul, Weiss, Rifkind, Wharton and Garrison, LLP as US legal counsel and Stikeman Elliott, LLP for Canadian counsel. Financo was the advisor for capital markets.
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
