25 Feb 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Éric Lebel provided valuable personal finance advice on TVA’s Deux filles le matin.

Last February 20th, the Raymond Chabot Grant Thornton Partner and Licensed Insolvency Trustee presented an overview of Quebeckers’ personal finances. He answered guests’ questions and shed some light on a variety of topics, such as debt consolidation, consumer proposals, bankruptcy, TFSAs and RRSPs.

Additionally, he talked about the high cost of living and the fact that so many Quebeckers are living paycheque-to-paycheque, without being able to set aside any savings and he provided some advice.

Éric also reminded the audience that a single person living in Quebec needs a net amount of $2,200 per month for living expenses and emphasized the need to have an emergency fund to get them through tough times.

He also reiterated the importance of a having a budget to help achieve peace of mind. The Raymond Chabot web site provides a simple budget tool to plan expenses and possible savings.

If you’re having personal finance issues, call on an expert: it’s free and confidential.

25 Feb 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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20 Feb 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Raymond Chabot Grant Thornton advises Olly Fresco’s Canada on a growth capital financing transaction

Olly Fresco’s is a leading prepared food market concept, geared towards urban core professionals with a mission to be the neighbourhood’s “go to” breakfast and lunch favourite.

In 2009, they opened their first location in Calgary. Today, they have grown to 11 locations across the country in Canada’s busiest urban business centres while serving over 20,000 customers daily.

Olly Fresco’s offers prepared hot meals and sandwiches, vegan food and other made-to-order lunches and dinners, all provided in an efficient check-in-to-check-out experience.

The Company will use the capital obtained to accelerate its expansion plan across Canada and plans to more than double the number of stores by 2020.

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Olly Fresco’s Canada.

‘’Raymond Chabot Grant Thornton accompanied Olly Fresco’s in our first capital raise. Yasser, Saki, Rachel and the Raymond Chabot Grant Thornton team were knowledgeable, professional and courteous.’’ states Dany Bitar, President. ‘’They brought value and options and helped us choose the right partner for our growth plan. We look forward to working with the Raymond Chabot Grant Thornton team again in the future.’’

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our Corporate Finance team.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.

We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. A member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP, Raymond Chabot Grant Thornton has more than 2,500 employees and is one of the world’s largest professional services network made up of 50,000 people in over 135 countries.

Our deal team for this transaction:

Yasser Waly
Saki Tzanidis
Rachel Goldberg

25 Feb 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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18 Feb 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Raymond Chabot Grant Thornton Advises Groupe Touchette on a Growth Financing Syndicated Loan Transaction

Founded over 40 years ago with the opening of a single garage, Groupe Touchette (“Touchette “) has built on its industry knowledge, expertise and stellar management team to become the largest Canadian owned tire distributor in the country.

With access to a vast choice of premium brands and tire models, Touchette operates from over 30 distribution centers throughout the country with nearly half being established in the last 24 months alone. Thanks to a solid infrastructure, a deep understanding of the industry and its workforce of over 500 employees, Touchette has the capacity to offer delivery services in 90 of the 100 largest cities, coast to coast, in under three hours.

A unique one-stop shop business model, a broad offering of products and tailored services, engineered complementary sales channels providing unique solutions are all attributes describing this industry leading national group. In-house programs such as their Alliance Program offers a full-fledged tire management service focused on increasing sales, improving tire category profitability as well as enhancing the overall customer experience for dealers that partner with Groupe Touchette.

Groupe Touchette called on Raymond Chabot Grant Thornton’s Corporate Finance team to support them with reviewing and optimizing their financial structure in order to access additional liquidity to consolidate and further reinforce its position as market leader.


“Raymond Chabot Grant Thornton’s corporate finance team played a key advisory role in providing sound expert advice at every stage of our financing transaction. The support and know-how of Raymond Chabot Grant Thornton’s corporate finance team allowed us to optimize our financing structure while concurrently realizing a significant acquisition by the Touchette Group’’ states Frédéric Poussard, Chief Financial Officer – Touchette Group. “It was a seamless process of collaboration and true team work. We would not hesitate to call upon their services in the future.”


To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our Corporate Finance team.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.

We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. A member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP, Raymond Chabot Grant Thornton has more than 2,500 employees and is one of the world’s largest professional services network made up of 50,000 people in over 135 countries.

Groupe Touchette - RCGT - Transaction

25 Feb 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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15 Feb 2019
Éric Lebel
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Bookkeeping is both a legal obligation and a fundamental management tool which can prove to be a complex task for some entrepreneurs.

Oftentimes, bookkeeping may be neglected due to a lack of time or internal resources or simply because accounting standards are difficult to grasp.

What exactly is bookkeeping?

  • Accounting for current transactions;
  • Filing government reports;
  • Reconciling accounts.

Several deadlines must be met, for example to file tax forms, deductions at source and commodity tax reports.

A healthy business requires an organized and accurate bookkeeping system.

By working with our bookkeeping experts, you can:

  • Obtain an overview of your business’s financial results;
  • Avoid late filing penalties with respect to deductions at source and remittances;
  • Avoid uncertainty and the resulting errors;
  • Save time when preparing your financial statements;
  • Closely monitor your business’s financial health;
  • Take advantage of all the credits you are entitled to;
  • Offset a staff shortage.

Our goal is to advise you and support your business’s growth. You can trust our experts to provide rigorous and efficient bookkeeping assistance.

Tenue de livres - Estrie - Marie-Eve Lacroix, Sophie Grenier, Chantal Lacasse

25 Feb 2019  |  Written by :

Éric Lebel is a partner at Raymond Chabot Grant Thornton. He is your expert in recovery and...

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