Maple Leaf Heritage Investments

Consumer

Maple Leaf Heritage Investments

Transaction Summary

McColl Partners, LLC acted as financial advisor to Maple Leaf Heritage Investments, LLC ("MLHI") in its Cdn$1.7 billion acquisition of Hudson's Bay Company ("Hbc"), the largest department store retailer in Canada. McColl Partners also facilitated over Cdn$1.0 billion in bridge and permanent financing.

About Hudson's Bay Company

Hbc, established in 1670, is Canada's largest department store retailer and oldest corporation, generating annual gross revenues of over Cdn$7.5 billion. Hbc provides Canadians with the widest selection of goods and services available through retail channels that include over 570 stores led by the Bay, Zellers, and Home Outfitters chains. Hbc employs nearly 70,000 associates and has operations in every province in Canada.

About Maple Leaf Heritage Investments

MLHI is an indirect subsidiary of True North Retail Investments I, Inc. ("True North I"), which is wholly owned by Jerry Zucker. Mr. Zucker is the Chairman, President, and Chief Executive Officer of MLHI, True North I, The InterTech Group, Inc., and Hbc.

About McColl Partners, LLC

McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

For more information about our Consumer Group and our Private Capital Solutions Group, please contact Lorin DeMordaunt, John Deering, or Brian Davis at (704) 333-0525. More information about McColl Partners can be found at www.mccollpartners.com.

"Over the course of a transaction that took almost two years to execute, McColl Partners repeatedly demonstrated its dedication to providing the highest level of client service and thoughtful strategic advice. The perseverance displayed by McColl Partners over such an extended timeframe says a great deal about the commitment and character of the professionals in the McColl Partners organization. I sincerely appreciate the tireless effort that McColl Partners put forth as part of my team to help make the Hbc acquisition a reality."

Jerry Zucker

Chief Executive Officer
Maple Leaf Heritage Investments

"The acquisition of Hudson’s Bay Company by Maple Leaf Heritage Investments will begin a new chapter in the long and storied history of North America’s oldest company. The strategic vision of Jerry Zucker and his operating team will allow Hudson’s Bay to accelerate its restructuring plan and recapture its rightful place as the premier retailer in the Canadian marketplace."

John Deering

Managing Director
McColl Partners, LLC