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11 January 2011

Elizabeth Harrison Acts for Macdonald Dettwiler in $850m Sale Of Property Information Business

Senior Partner, Elizabeth Harrison, Q.C. acted for MacDonald, Dettwiler, and Associates Ltd. (TSX: MDA), in the recent sale of its Property Information business, which is principally located in the US and Europe.

The business, which provides property information to insurance companies, lenders, and legal professionals, has been acquired by TPG Capital.

MDA provides advanced information solutions that capture and process data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide. The organization is focused on information solutions for the Surveillance and Intelligence sector and the Communications sector. In addition, the company conducts a broad range of customer-funded Advanced Technology development for various other market sectors.

TPG Capital, is a leading global private investment firm with extensive experience in the insurance, financial services, real estate, and technology sectors.

Bank of America Merrill Lynch acted as the lead financial advisor to MDA in connection with the transaction. In addition, BMO Capital Markets was retained to provide financial advice and a fairness opinion to the Board of Directors.

The Farris team was led by Elizabeth Harrison, Q.C. and included partners Herbert Dodd, Q.C. and David Selley, and associates Bo Rothstein, Raewyn Brewer and Mohammad Manki.

A copy of MDA’s detailed press release can be found here.

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