Restructuring of Salt Spring Coffee under the BIA preserves going-concern value through court-approved sale to Caffe & Roaster Holdings
Date
January 31, 2025Office Involved
On January 2, 2025, Microb Resources Inc. (operating as Salt Spring Coffee) filed a Notice of Intention under the Bankruptcy and Insolvency Act. We acted as counsel for KPMG Inc. in its role as proposal trustee in the restructuring. The firm advised on all aspects of the proposal proceedings, including the negotiation and court approval of a debtor-in-possession financing facility and an Asset Purchase Agreement with Caffe & Roaster Holdings Inc. The transaction preserved going-concern value and protected stakeholder interests. We also coordinated multi-party negotiations and advised the court throughout the process.
McCarthy Tétrault assisted KPMG Inc. with a team led by Lance Williams and Ashley Bowron.
