Andrew Peller, a Canadian producer and marketer of wines, has entered into a definitive arrangement agreement to be acquired by a wholly-owned subsidiary of private equity fund Fairfax.
Under the terms of the agreement, the newly-formed subsidiary of Fairfax, a holding company engaged in property and casualty insurance, reinsurance and associated investment management, will acquire all issued and outstanding Class A non-voting shares and Class B voting shares of Andrew Peller, other than specified rollover shares.
Commenting on the agreement, Andrew Peller CEO Paul Dubkowski said: “This agreement represents a compelling outcome for our shareholders, delivering immediate value and certainty while reflecting the strength of Andrew Peller’s portfolio and market position”.
Following completion of the transaction, which is expected during the third calendar quarter of 2026, the shares will be delisted from the Toronto Stock Exchange. Paul Dubkowski will remain as CEO, and Renee Cauchi will remain as CFO.
Source: Andrew Peller
