CSR Cosmetic Solutions
Acting as exclusive advisor to the seller.
CSR is a contract manufacturer of cosmetics and personal care products based in Ontario. The CEO and sole owner had operated the business for over 15 years and was ready for a well-deserved retirement. A sale process was initially run by a top-tier accounting firm in 2015 but was unsuccessful.
Undeterred by the accounting firm’s result, we dug deep into the company’s metrics and knew we could negotiate success. We identified 102 potential buyers, both strategic and financial, with a search that went global and yielded only 25.5% Canadian prospects. We created an auction-like environment that yielded 8 offers by the deadline, with Korean and American buyers making the most aggressive proposals. We overcame major cultural difference with the eventual winner, a Korean publicly traded contract manufacturer, and arrived at a deal in the upper end of the initial value guidance. The post-acquisition integration process was highly productive and the company is now growing under new ownership.
Pita Pit Canada
Pita Pit Canada ("PPC") is the franchisor to 228 Pita Pit locations across Canada. FirePower's Investment Banking team was engaged to arrange financing for its acquisition of a majority interest in Pita Pit International ("PPI"). FirePower generated multiple proposals from prospective lenders, negotiating and structuring favourable terms and pricing with a lender interested in supporting PPC's future expansion plans.
Mass Spectrometry – Confidential
We facilitated the sale of an analytical chemistry instrumentation maker, with a strong commercially validated IP portfolio, to one of the most respected names in the sector, after a competitive auction process.