By  on April 24, 2014

A group of financial investors led by Bernard Mariette, chief executive officer and president of Coalision Inc., have purchased a majority stake in Coalision from Kilmer Capital Partners.

The Canadian investors — which include Pelican LP; Simon Equity Partners; FTQ; a development capital fund specialist in Quebec; and a group of private investors headed by André Desmarais, president and co-ceo of Power Corp. — will offer “significant opportunities” to further build a global retail and wholesale business for the company’s Lolë brand of active- and yogawear, said Mariette.

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