CanWest was a major Canadian media company based in Winnipeg, Manitoba. It held radio, television broadcasting and publishing assets in several countries, primarily in Canada. In 2009, CanWest filed for creditor protection under the CCAA.
We were retained as the financial advisor to Goldman Sachs, which held a $700 million investment in CanWest. We provided Goldman Sachs with advice on Canwest’s various restructuring options and on its CCAA plan. Our advice contributed to Goldman Sachs making a full recovery on its investment.