Crédit Mutuel Equity made a C$55 million minority investment in Canada-based Highlight Motor Group.
Highlight is a logistics, transportation and warehousing company specializing in temperature-controlled shipments and transportation of hazardous products.
Crédit Mutuel Equity is the North American private equity arm of French banking group Crédit Mutuel Alliance Fédérale.
WeirFoulds LLP and Miller Thomson LLP acted as counsel for the purchaser and the vendor, respectively. BDO Toronto was M&A adviser, while MNP advised on due diligence.