- Insolvency Insider Canada
- Sales and Investment Solicitation Process - Collision Kings Group
Sales and Investment Solicitation Process - Collision Kings Group
FTI Consulting Canada Inc., in its capacity as CCAA monitor, has launched a sale and investment solicitation process (the “SISP”) to solicit interest in, and opportunities for, a sale of all or part of the business, property, assets and undertakings of the Collision Kings Group, a network of quality automotive collision repair and mechanical facilities in the Canadian Prairies.
The SISP includes a Stalking Horse Bid for certain of the assets of the Collision Kings Group which will set a low-price limit for prospective bidders and ensures continuity of operations by way of a known offer for a going concern sale. The deadline to submit a binding offer to purchase is March 8, 2024 at 5:00 pm Calgary time.
Further information on the SISP including the full SISP procedures can be found on the Monitor’s website at: http://cfcanada.fticonsulting.com/collisionkings/sisp.htm
If you wish to participate in the SISP and receive access to the virtual data room following the execution of a confidentiality agreement, please contact the Monitor at:
Email: [email protected]