International team advises Gildan on US$55m acquisition of Peds Legwear

An international team, comprising members from our Montréal, Austin, Houston, New York, Shanghai and Hong Kong offices, has advised Gildan Activewear Inc. on the US$55 million acquisition of 100 per cent of the equity interest of Peds Legwear Inc.

The transaction spanned three jurisdictions, namely Canada, the US and China (including the Special Administrative Region of Hong Kong), and involved a complex pre-closing reorganization of the vendors. Also, due to the existing grants from the municipal and state levels of the North Carolina government, the parties needed to review the legal documents underlying those grants and negotiate with the appropriate governmental authorities.

In Canada, the team comprised Eric Stevens, Mathieu Deschamps, Andrei Molchynsky, Michelle Felsky (corporate), Jules Charette (tax), Jung-Kay Chiu (intellectual property) and Miguel Manzano (real estate). Edward Clark Lewis (environment), Amy Mitchell (real estate) and Michael Flamenbaum (tax) advised on the US legal matters. Justin Wilson (corporate) and James Parker (corporate) advised respectively on the Chinese and Hong Kong aspects of the transaction.