On December 31, 2019, Visage Cosmetics Limited completed the sale of all of its issued and outstanding shares to 3213555 Ontario Inc., a wholly-owned subsidiary of Equicapita Income Trust and Equicapita Investment Corp (collectively, “Equicapita”).
Founded in 1969, Visage is the leading franchisor of retail beauty and cosmetics services and products in Ontario. With 31 locations throughout Ontario and one in Alberta, Visage has established enduring franchisee relationships and a reputation for outstanding guest service.
Equicapita is a Canadian private equity investment fund with over $300 million in assets under management.
Cassels acted for Visage and the majority shareholder group with a team consisting of Mickey Lungu, Gaurav Anand and Tiffany Chiu (Business Law), Frank Robinson (Franchise), Caitlin Russell (Employment & Labour), Corinne Grigoriu (Tax), Bernice Karn (Information Technology and Data Privacy), Rob Lysy (Real Estate), and Patience Omokhodion (Banking & Specialty Finance).