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FirePower advised Luminor Environmental Inc. on its sale to TerraNova Partners
TransactionFirePower arranges acquisition financing for Pita Pit Canada
OUR ROLE
Advisory — Strategic Consulting
SECTOR
Consumers & Retail
OUR TEAM
Alan Chettiar
Background
Pita Pit Canada ("PPC") is the franchisor to 228 Pita Pit locations across Canada. Pita Pit restaurants sell Mediterranean-style pita sandwiches, and offer a healthy alternative to traditional high fat, high-calorie fast foods. FirePower was engaged to arrange financing for PPC's acquisition of a majority interest in Pita Pit International ("PPI"), with a lender that would accommodate PPC's future expansion plans.
Solution
FirePower's M&A Advisory division generated multiple proposals from institutional lenders, then negotiated and structured favourable terms and pricing for PPC. With respect to the PPI acquisition, FirePower guided PPC to craft and negotiate a compelling offer that was attractive to both the seller and the lender.
FirePower negotiated the facility as part of a strengthened banking relationship for PPC, successfully positioning the company to move forward with the PPI acquisition and to execute on its future expansion plans.
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what people are saying
We wanted to secure an institutional lender that was not only supporting our acquisition, but also was keen to grow with us as we execute our aggressive expansion plans for PitaPit. FirePower’s M&A Advisory team brought that to the table and as a result, we are confident and well positioned to move ahead…
