Court-approved RVO transaction for Central City Brewers & Distillers led by PwC as Monitor, with successful sale to Mark Anthony Group

On November 21, 2024, Central City Brewers & Distillers Ltd. ("CCBD") sought and obtained an Initial Order in the Supreme Court of British Columbia pursuant to the Companies' Creditors Arrangement Act ("CCAA"). PricewaterhouseCoopers Inc. ("PwC") was appointed as monitor with enhanced powers in the sale process of CCBD.

On February 18, 2025, the transaction culminated in a court-approved reverse vesting order (RVO) in favour of Mark Anthony Group. The firm negotiated and finalized the subscription agreement and RVO order, secured court approval, and closed the transaction.

McCarthy Tétrault assisted PwC with a team led by Lance Williams that included Glynnis Morgan (Business) and Ashley Bowron (Bankruptcy and Restructuring).