Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc.

CCAA / Bankruptcy

^{Page last updated: November 1, 2023}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of October 31, 2023

Perativ General Partnership, Perativ Holdings Limited and Perativ Partnerco Limited filed an assignment on October 31, 2023 and PricewaterhouseCoopers Inc., Licensed Insolvency Trustee, was appointed as trustee of the estate of the bankrupts by the official receiver, subject to affirmation by the creditors of the trustee’s appointment or substitution of another trustee by the creditors.

The first meeting of creditors will be held on November 20, 2023 respectively at 10:00 a.m., 10:05 a.m. and 10:10 a.m. at the office of the Trustee, 1250 René-Lévesque Boulevard West, Suite 2500, Boardroom 2509, Montréal, Quebec H3B 4Y1.

Status of file as of August 28, 2023

On August 28, 2023, the Superior Court of Quebec issued a Second Amended and Restated Initial Order extending the stay period against the Debtors as well as their respective directors and officers until and including October 30, 2023.

On same day, the Court issued two Approval and Vesting Orders approving the contemplated sales of assets of Perativ General Partnership, Perativ Holdings Limited, Perativ Partnerco Limited and Saratoga ATM Armored Services Inc. on one hand, and of Perativ Solutions Inc. on the other hand.

We refer you to the Orders dated August 28, 2023 for more information.

Status of File as of July 13, 2023

On July 13, 2023, the Superior Court of Quebec issued an Amended and Restated Initial Order extending the stay period against the Debtors as well as their respective directors and officers until August 31, 2023.

We refer you to the Order dated July 13, 2023 for more information.

Status of File as of July 3, 2023

An initial order pursuant to the Companies’ Creditors Arrangement Act (“CCAA”) was rendered on July 3, 2023 by the Superior Court of Québec (the “Initial Order”) with respect to Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc. (collectively the "Debtors").

The Initial Order provides for an initial stay of all proceedings against the Debtors as well as their respective directors and officers until July 13, 2023 and appoints PricewaterhouseCoopers Inc., LIT (Philippe Jordan, CPA, CIRP, LIT), as Monitor of the business and of the financial affairs of the Debtors.