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.
Last Call Analytics
Last Call Analytics has developed a frontline sales analytics and visualization platform for the beverage and alcohol industry. We invested Gap Debt as a way to bridge them to a Series-A financing.
Edmonton IT Company
We are engaged to find, negotiate and due diligence suitable acquisition targets for an Edmonton-based managed IT service provider executing on a nationwide roll-up of the industry.