Origin Merchant Partners is pleased to provide a Fairness opinion to the Special Committee of the Board of Directors of Temple Hotels Inc. (“Temple”) with respect to a proposed acquisition by Morguard Corporation (“Morguard”) for all of the outstanding shares of Temple that it does not already own.
Temple Hotels Inc. is a hotel investment company with hotel properties located in primary and secondary markets across Canada. Its’ headquarters are located in Winnipeg.
Morguard Corporation is a fully integrated real estate company. Morguard owns, manages and invests in high-quality, well-located, geographically diversified assets across North America. With 40 years of experience and a dynamic team of 1,500 professionals, their commitment is to realize the potential of real estate through value creation and operational excellence. Morguard’s total assets owned and under management is valued at $21.3 billion.
Origin Senior Lead: Charles Pennock
Origin Merchant Partners is pleased to announce that it acted as exclusive financial advisor to the Board of Director’s Independent Committee of a major US aerospace company on a strategic asset purchase. This mandate was undertaken on a confidential basis.
Origin Senior Leads: Charles Pennock, Jim Osler
Origin Merchant Partners is pleased to announce the successful sale of Micropen Technologies Corporation (“Micropen”) to Exxelia USA Holding Inc. (“Exxelia”). Origin Merchant Partners acted as the exclusive financial advisor to Micropen on this transaction.
Micropen is an industry-leading custom manufacturer of precision high voltage resistors and electronic components using a proprietary electronic printing technology and design. Micropen serves leading customers in the medical, military, test and measurement, and detection markets.
Exxelia is a wholly-owned subsidiary of a Paris-based leading global designer and manufacturer of high-rel passive components and subsystems. Exxelia Group is comprised of thirteen manufacturing entities serving high-tech industrial sectors.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to announce that an entity, majority-owned by the Public Sector Pension Investment Board (“PSPIB”), has indirectly acquired all of the real estate assets indirectly owned by Starlight U.S. Multi-Family (No.1) Value-Add Fund (the “Fund”). The acquisition was valued at approximately US$239.6 million.
Origin Merchant Partners acted as Financial Advisor to the special committee of The Independent Members of the Board of Directors of Starlight U.S. Multi-Family (No.1) Value-Add GP, Inc., providing a fairness opinion with respect to this transaction.
Starlight U.S. Multi-Family (No.1) Value-Add Fund is a limited partnership formed under the Limited Partnerships Act (Ontario) for the primary purpose of indirectly acquiring, owning and operating a portfolio of value-add, income producing rental properties in the U.S. multi-family real estate market.
Public Sector Pension Investment Board is one of Canada’s largest pension investment managers, investing funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. PSPIB manages a diversified global portfolio in more than 75 industries and 75 countries.
Origin Senior Lead: Charles Pennock
Origin Merchant Partners is pleased to announce that Centric Health Corp. (“Centric”) has successfully completed two transactions to recapitalize the balance sheet with $70M of gross proceeds. Centric closed the sale of its Surgical and Medical Centres business to the Kensington Private Equity Fund for $35 million. Centric also closed a private placement of common shares and convertible debentures. The lead investor was Yorkville Asset Management Inc. behalf of certain managed funds.
Origin Merchant Partners and Origin Merchant Securities Inc. acted as the financial advisor to Centric in both of these transactions respectively.
Centric Health (TSX:CHH) is one of Canada’s leading, and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric operates a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 450 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. With services that address the growing demand within the Canadian healthcare system, Centric’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Kensington Capital Advisors Inc. is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $1.5 billion invested in private equity, venture capital, and alternative assets. Kensington’s active management approach and relationship-based business has generated top quartile returns for investors.
Yorkville Asset Management is an independent investment boutique with a strong focus on the healthcare sector in Canada. Yorkville aims to help high net worth individuals, foundations, institutions, and family offices achieve their financial goals through its wealth management, estate and tax planning, portfolio management, and capital markets debt and equity advisory services.
Origin Senior Leads: Jim Meloche, Cathy Steiner, Tedi Gjoleka
Origin Merchant Partners is pleased to announce that Centric Health Corp. (“Centric”) has successfully completed two transactions to recapitalize the balance sheet with $70M of gross proceeds. Centric closed the sale of its Surgical and Medical Centres business to the Kensington Private Equity Fund for $35 million. Centric also closed a private placement of common shares and convertible debentures. The lead investor was Yorkville Asset Management Inc. behalf of certain managed funds.
Origin Merchant Partners and Origin Merchant Securities Inc. acted as the financial advisor to Centric in both of these transactions respectively.
Centric Health (TSX:CHH) is one of Canada’s leading, and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric operates a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 450 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. With services that address the growing demand within the Canadian healthcare system, Centric’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Kensington Capital Advisors Inc. is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $1.5 billion invested in private equity, venture capital, and alternative assets. Kensington’s active management approach and relationship-based business has generated top quartile returns for investors.
Yorkville Asset Management is an independent investment boutique with a strong focus on the healthcare sector in Canada. Yorkville aims to help high net worth individuals, foundations, institutions, and family offices achieve their financial goals through its wealth management, estate and tax planning, portfolio management, and capital markets debt and equity advisory services.
Origin Senior Leads: Jim Meloche, Cathy Steiner, Tedi Gjoleka
Origin Merchant Partners is pleased to announce that ILTA Grain Inc. (“ILTA”) has completed the sale of its Saskatchewan processing facilities to ETG Commodities Inc. & DG Global Inc.
Origin Merchant Partners acted as exclusive financial advisor to ILTA with respect to this transaction.
ILTA Grain Inc. is a leading processor and merchandiser of pulses, grains/oilseeds and other special crops in Western Canada. ILTA has operations in locations throughout Saskatchewan.
ETG Commodities Inc. (“ETG”) is the Canadian subsidiary of Export Trading Group, one of the largest and fastest growing integrated agricultural conglomerates in Africa, importing and exporting agricultural commodities from 48 countries. The company entered the Canadian market in 2012 and acquired its first Canadian processing assets in 2014 with the purchase of TW Commodities in Swift Current. ETG exports Canadian pulses, canola and flax to over 15 countries.
DG Global Inc. is a Canadian leader in the marketing and distribution of food grade non-GMO soybeans, pulses, cereals and feed products internationally. DG Global is Canadian owned and operated with market reach to over 6o countries and an established network of partnerships around the world.
Origin Senior Lead: Andrew Muirhead
Origin Merchant Partners is pleased to provide a Formal Valuation and Fairness opinion to the Special Committee of the Board of Directors of Hydrogenics Corporation (“Hydrogenics”) with respect to a proposed acquisition by Cummins Inc. (“Cummins”) for all of the outstanding shares of Hydrogenics, other than the shares already owned by The Hydrogen Company.
Hydrogenics is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
Cummins, a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel and natural gas engines to hybrid and electric platforms, as well as related technologies, including battery systems, fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and over 7,600 dealer locations and generated sales of $23.8 billion in 2018.
Origin Senior Lead: Jim Osler
Origin Merchant Partners is pleased to announce that ILTA Grain Inc. (“ILTA”) has completed the sale of its Belle Plaine, SK facility to Viterra Inc. The state of the art facility can handle a wide range of pulses and other commodities for export to countries worldwide.
Origin Merchant Partners acted as exclusive financial advisor to ILTA with respect to this transaction.
ILTA Grain Inc. is a leading processor and merchandiser of pulses, grains/oilseeds and other special crops in Western Canada. ILTA has operations in locations throughout Saskatchewan.
Viterra Inc. (“Viterra”) is one of Canada’s leading grain companies, headquartered in Regina, Saskatchewan. Viterra has operations throughout North America that handle, process, distribute and transport grains and oilseeds globally. Viterra is part of Glencore Agriculture, a global market leader in originating, handling, processing and marketing agricultural commodities.
Origin Senior Lead: Andrew Muirhead
Origin Merchant Partners is pleased to announce that Integrated Asset Management (“IAM”) has entered into an Arrangement Agreement with Fiera Capital Corporation.
Origin Merchant Partners acted as the exclusive financial advisor to IAM with respect to this transaction.
Integrated Asset Management is one of Canada’s leading alternative asset management companies with approximately $3.1 billion in assets and committed capital under management in private debt, infrastructure debt and real estate as of February 28, 2019. IAM’s common shares trade on the TSX under the ticker symbol IAM.
Fiera Capital Corporation (“Fiera Capital”) is a global independent asset management firm with approximately C$136.7 billion in AUM as at December 31, 2018 delivering customized multi-asset solutions across traditional and alternative asset classes to institutional, retail and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.
Origin Senior Lead: Rob Penteliuk
Origin Merchant Partners is pleased to announce the successful sale of ACS, Inc. (“ACS”) to LMR Distributing, LLC (“LMR”). Origin Merchant Partners acted as the exclusive financial advisor to ACS on this transaction.
ACS is the largest value-added distributor of Motorola two-way radio products in North America. With extensive distribution capabilities, ACS serves resellers with corporate offices in nine Midwest states, as well as large national accounts based throughout the U.S.
LMR is a value-added distributor of Motorola commercial radios primarily in the Midwest.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to announce that Diversified Royalty Corp. has acquired the trademarks and certain other intellectual property rights utilized by Mr. Mikes Restaurants Corporation in its restaurant business and entered into a royalty agreement with Mr. Mikes.
Origin Merchant Partners was retained by certain Mr. Mikes shareholders as Exclusive Financial Advisor with regards to the sale of the trademarks and certain other intellectual property rights of Mr. Mikes and the royalty agreement.
Diversified Royalty Corp. is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. Diversified currently owns the Sutton, Mr. Lube, AIR MILES® and Mr. Mikes trademarks in Canada.
Origin Senior Lead: Charles Pennock
Origin Merchant Partners was retained by Brookfield Business Partners LP (“Brookfield” or the “Fund”) to provide financial advisory services with respect to a confidential portfolio company transaction.
Brookfield is a business services and industrials focused investment company, with a flexible investment mandate and an overall goal of long term capital appreciation. As of Q1 2019, the Fund had $28 billion under assets, with ~45,000 operating employees and investments diversified across the globe.
Origin Senior Leads: Glenn Shyba, Jim Osler
Origin Merchant Partners is pleased to announce that Tricon Capital Group (“Tricon”) has acquired Starlight U.S. Multi-Family (No.5) Core Fund (“Starlight”). The acquisition was valued at approximately $1.4 billion.
Origin Merchant Partners acted as Financial Advisor to the special committee of Starlight U.S. Multi-Family (No.5) Core Fund, providing a fairness opinion with respect to this transaction.
Starlight U.S. Multi-Family (No.5) Core Fund is a limited partnership focused on acquiring, owning and operating a portfolio of diversified income producing rental properties in the U.S. multi-family real estate market.
Tricon is an investment manager focused on the residential real estate industry in North America with approximately $7.6 billion of assets under management. Tricon invests in a portfolio of single-family rental homes, multi-family rental apartments and for-sale housing assets, and manages third-party capital in connection with its investments.
Origin Senior Lead: Charles Pennock
Origin Merchant Securities Inc. is pleased to announce that Mobile Klinik has successfully completed its $27.5 million private placement. The investment round includes a substantial investment by the Canadian Business Growth Fund, as well as private individuals, including several of the company’s early-stage investors.
Origin Merchant Securities Inc. acted as the exclusive financial advisor to Mobile Klinik with respect to this transaction.
Mobile Klinik is Canada’s largest and fastest-growing professional while-you-wait smartphone and tablet repair, care and services retail chain with 50 stores as of May 2019, in BC, Alberta, Manitoba, Saskatchewan, Ontario, Quebec, New Brunswick, Newfoundland and Labrador.
The Canadian Business Growth Fund (“CBGF”) provides long-term, patient, minority capital to ambitious Canadian entrepreneurs with talented management teams to fund growth and expansion of mid-market businesses. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in.
Origin Senior Lead: Mario Di Pietro
Origin Merchant Partners is pleased to announce that Barrick Gold Corporation (“Barrick”) has sold the hydrometallurgical and mineral processing assets of AuTec Innovative Extractive Solutions Ltd. (“AuTec”), a subsidiary of Barrick, to FLSmidth & Co (“FLSmidth”). In addition, Barrick divested AuTec’s mineralogy equipment to ALS Limited (“ALS”).
Origin Merchant Partners acted as the exclusive financial advisor to Barrick with respect to this transaction.
Barrick Gold Corporation is one of the largest gold mining companies in the world, with its corporate office in Toronto, Ontario, Canada. Barrick has mining operations and projects in 15 countries around the globe. The company’s shares trade on the New York Stock Exchange under the symbol GOLD, and on the Toronto Stock Exchange under the symbol ABX.
FLSmidth & Co. is a global engineering company based in Copenhagen, Denmark. With almost 11,700 employees across over 50 countries worldwide, FLSmidth delivers sustainable productivity to the global mining and cement industries. FLSmidth is listed on NASDAQ OMX Nordic Copenhagen in the C20 index.
ALS Limited (ASX: ALQ), headquartered in Brisbane, Australia, provides laboratory testing, inspection, certification, and verification services out of over 370 sites across 65 countries.
Origin Senior Lead: Charles Pennock
Origin Merchant Partners is pleased to announce that ChildVentures has successfully completed its strategic investment from Fusion Ventures Holdings.
Origin Merchant Partners acted as the exclusive financial advisor to ChildVentures with respect to this transaction.
ChildVentures is a premium, early childhood education business with multiple locations in the Greater Toronto Area. First established in 2002, Childventures Early Learning Academy has developed an excellent reputation as an innovator and leader in child development. ChildVentures has adopted a blended curriculum style that incorporates various teaching methods from Baby Signs and High Scope® to Montessori and Core Knowledge®, which are all carefully designed to enhance children’s development and stimulate their growth.
Fusion Ventures Holdings is a strategic investor focused on mid-market acquisitions within North America. Fusion Ventures Holdings invests with a long-term horizon and a strong growth orientation. Target industries include home products and services, construction, real estate, and education. Fusion Ventures Holdings is passionate about taking companies to the next level through sound strategic thinking, focused execution, and a compelling client-oriented vision, all within a strong value based corporate culture.
Origin Senior Leads: Jim Meloche, Jim Osler
Origin Merchant Partners is pleased to announce that Economical Mutual Insurance Company (“Economical”) has filed its circular in connection with the demutualization of the Company.
Origin Merchant Partners acted as the independent financial advisor to the Board of Directors of Economical in connection the demutualization of the Company.
Economical Mutual Insurance Company, founded in 1871, is one of Canada’s leading property and casualty insurers, with more than $2.3 billion in annualized premium volume and approximately $5.7 billion in assets as at September 30, 2018. Headquartered in Waterloo, Ontario, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.
Origin Senior Leads: Rob Penteliuk, Charles Pennock
Origin Merchant Partners (“Origin”) is pleased to announce the successful sale of Rodair International Ltd to The Rhenus Group.
Origin Merchant Partners acted as the exclusive financial advisor to Rodair with respect to this transaction.
Rodair is a leading Canadian-based customized logistics solutions provider leveraging its integrated logistics approach to serve clients across a broad range of geographies and industries. Rodair provides tailored international freight forwarding, project forwarding, courier, warehouse and distribution, customs brokerage, 3PL services, and e-commerce solutions through the marriage of high-tech and high-touch service. Rodair utilizes a network of 140 strategic partnerships to provide global solutions to its clients.
Rhenus is a privately held, global logistics services provider headquartered in Dortmann, Germany with annual turnover of EUR 4.8 billion and 29,000 employees.
Origin Senior Leads: Charlie Pennock, Andrew Muirhead.
Origin Merchant Partners is pleased to announce that Hensall District Co-operative, Inc. (“Hensall”) has completed the acquisition of ILTA Grain Inc.’s edible bean processing plant, located in Bloom, Manitoba and the satellite receiving location in Miami, Manitoba. The facility has the capacity to process up to 40,000 tonnes of dry beans per year and will increase Hensall’s ability to source and process plant-based proteins to supply global demand.
Origin Merchant Partners acted as exclusive financial advisor to Hensall with respect to this transaction.
Hensall DIstrict Co-operative Inc., founded in 1937, is 8th largest non-financial co-operative in Canada with over 6,000 member-owners and 30 owned locations in Ontario and Manitoba. Hensall has customers in more than 40 countries and operations in Commodity Handling and Storage, Food Products (Dry Beans and Food Grade Soybeans), Grain and Ingredient Marketing, Energy (Fuel and Propane), Animal Nutrition, Crop Inputs and Global Freight Forwarding and Logistics.
ILTA Grain Inc. (“ILTA”) is a leading processor and merchandiser of pulses, grains/oilseeds and other special crops in Western Canada. ILTA has operations in locations throughout Saskatchewan (Swift Current, Cutknife, North Battleford, Saskatoon, Regina).
Origin Senior Lead: Andrew Muirhead
