FirePower Capital Reports a Record-Breaking Year in 2015
FirePower Capital, Canada’s entrepreneurial investment bank, concluded over 12 engagements in 2015, making the year its highest grossing since the firm’s start in 2012.
“There was a lot to overcome for many sectors of the Canadian economy in 2015. It is no surprise that business owners in the lower middle market (LMM) want to explore their strategic options and are seeking advice. We have built FirePower to meet that unanswered need,” says Ilan Jacobson, FirePower’s Founding Partner & CEO.
One of FirePower’s high profile mandates was advising BNOTIONS — a mobile innovation lab that ranked #16 on the 2014 Profit 500 list — on its sale to Symbility, a strategic partner with the vision and resources to take the company to the next level. Acting as an exclusive sell-side advisor, FirePower secured a total consideration of approximately $5M for BNOTIONS’ shareholders.
“The BNOTIONS sale highlights our unmatched ability to execute on LMM deals, delivering transactional advice that is typically available only to larger companies,” comments Sebastien Douville, FirePower’s Partner & COO. “We have been investing in our deal team, technology, and processes since inception to address the lower middle market’s challenges, and those investments are now paying off,” he adds.
“We are excited about 2016, as market dynamics continue to evolve, and we are well positioned to guide business owners through it all,” concludes Mr. Jacobson.
Environics Analytics (“EA”) is a leading North American provider of marketing and analytical services. The company needed financing to support its expansion plans in the US and Canadian markets, and wanted to secure capital from a senior lender that understood EA’s value drivers. FirePower surfaced numerous proposals, then negotiated and improved on the terms and conditions to the benefit of EA.