VisasQ Inc. agreed to acquire Coleman Research Group, Inc. from Hilco Trading, LLC, Cactii Investments, LLC, Kevin C. Coleman, 2 trust companies and others for approximately $100 million.
August 17, 2021
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VisasQ Inc. (TSE:4490) agreed to acquire Coleman Research Group, Inc. from Hilco Trading, LLC, Cactii Investments, LLC, Kevin C. Coleman, 2 trust companies and others for approximately $100 million on August 18, 2021. Under the terms of the transaction, VisasQ Inc. will acquire 18.3 million common shares and 2.2 million class A preferred stock of Coleman Research Group. The consideration will be financed from debt financing and class shares. For financial year 2020, Coleman Research reported total assets of $19.4 million, total common equity of $7.2 million, revenue of $43.8 million, EBITDA of $2.2 million and net income of $0.8 million. Kevin Coleman will be appointed to VQ Board of Directors along with 2 directors from VQ to the Coleman Board of Directors will be appointed. Upon completion, Coleman's existing shareholders remain committed to management. The transaction is resolved by the Board of VisasQ Inc. The transaction is expected to close on October 31, 2021. Jesse Sheley, Ram Narayan, Richard Sharpe, Min Wang, Joanna Thomson, Rob Fowler, Sydney Jones, Maureen O Brien, Mike Carew, Gautam Agarwal, Michael Thorpe, Nathan Mitchell and Roberto Miceli of Kirkland & Ellis LLP acted as legal advisor to VisasQ Inc.
visasQ Inc. operates the knowledge platform business. The Company provides service that matches customers with advisors with business knowledge and sets up hourly telephone calls and face-to-face interviews according to customer needs. The services provided by the knowledge platform business include visasQ interview, visasQ expert survey, visasQ outsourcing, visasQ project, visasQ web exhibition in the full support format visasQ, and visasQ lite in the self-matching format visasQ lite. The registrants include manufacturing, retailing, eating and drinking, living, medical and healthcare, business support, finance, education, media, construction and real estate, energy infrastructure, agriculture, forestry and fisheries, among others. It covers a wide range of industries and occupations, including management departments, information technology (IT) and systems, new businesses and research and development (R&D), overseas businesses, professionals, and production and procurement.
VisasQ Inc. agreed to acquire Coleman Research Group, Inc. from Hilco Trading, LLC, Cactii Investments, LLC, Kevin C. Coleman, 2 trust companies and others for approximately $100 million.
VISASQ INC. 
