On May 13, 2025, the Monitor, for and on behalf of the CCAA Debtors, Pelican International Inc. and Confluence Outdoor Inc., sold the business and assets of Pelican and Confluence to Pelican Intl Inc., a newly created entity. This transaction was implemented in the context of a court-approved Sale and Investment Solicitation Process (SISP) under the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 proceedings in the United States.
Pelican Intl Inc. is a North American leader in designing and manufacturing paddle sports and outdoor equipment.
Osler, Hoskin & Harcourt LLP advised FTI Consulting Canada Inc., the court-appointed Monitor in the CCAA proceedings of Pelican International Inc. et al. with a team consisting of Sandra Abitan, Sean Stidwill, Ilia Kravtsov, Jack Little (Insolvency and Restructuring), Hugo-Pierre Gagnon, Joshua Blatt (Corporate) and Sophie Courville (Litigation).
Key Contact
Partner, Insolvency and Restructuring, Montréal
Team
Partner, Insolvency and Restructuring, Toronto
Partner, Insolvency and Restructuring | Disputes, Montréal
Associate, Insolvency and Restructuring, Montréal
Partner, Corporate, Montréal
Associate, Corporate, Montréal
Associate, Disputes, Montréal
