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July 1, 2010

MNP acquires PwC insolvency practices

Mid-tier firm Meyers Norris Penny (MNP) has
acquired parts of PricewaterhouseCoopers’ (PwC) personal insolvency
practice in Canada.

The acquisition adds 54 professionals and
support staff in, Kitchener-Waterloo, Winnipeg, Saskatoon, Prince
Albert, Regina, Edmonton, Vancouver and Surrey. It also provides
MNP with a new presence in Montreal, St Catharines and the Ontario
city of London.

PwC will retain its personal insolvency
practice in Atlantic provinces of Canada.

“The sale of certain regions of the personal
insolvency practice is consistent with PwC’s long-term strategy in
those markets, which focuses on corporate advisory and
restructuring service offerings. We believe this decision is in the
best long-term interests of our personal insolvency clients and the
staff servicing them,” PwC national deals leader Kristian Knibutat
commented.

MNP’s acquisition is effective this month.

MNP is one of the largest mid-tier firms in
Canada with 50 offices and more than 2,500 team members. It is a
member of Praxity.

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