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
Origin Merchant Partners is pleased to announce that Gardiner Dam Terminal Ltd (“GDT”) has completed the sale of substantially all of its assets to Viterra Inc. in a transaction valued at approximately $30 million.
Origin Merchant Partners acted as exclusive financial advisor to GDT with respect to this transaction.
Gardiner Dam Terminal Ltd. is a producer-owned company that jointly owns and operates an inland grain terminal located near Strongfield, Saskatchewan, together with Viterra Inc. GDT AgServices Ltd., a wholly-owned subsidiary of Gardiner Dam Terminal Ltd., owns and operates crop input supply businesses near Strongfield, Broderick, and Tullis, Saskatchewan.
Viterra Inc. (“Viterra”) Viterra is Canada’s grain industry leader, headquartered in Regina, Saskatchewan. Viterra has operations throughout North America that handle, process, distribute and transport grains and oilseeds. Viterra is part of Glencore Agriculture, a global market leader in originating, handling, processing and marketing agricultural commodities.
Origin Senior Leads: Andrew Muirhead, Mark Ernst
Origin Merchant Partners is pleased to announce the successful sale of Modineer Co., Inc. (« Modineer ») to an entity established by Westbourne Capital Partners and Hall Capital. Origin Merchant Partners acted as the exclusive financial advisor to Modineer.
Modineer is a manufacturer and fabricator of metal components for the automotive, military, truck/trailer and industrial markets utilizing stamping, roll forming, welding, machining, painting, e-coating and other specialty processes.
Westbourne Capital Partners is a Chicago-based private investment firm with investments focused on family and founder owned businesses in the manufacturing and food sectors.
Hall Capital is a family-owned private investment company based in Oklahoma, with investments focused on automotive, real estate and private investment companies.
Origin Senior Lead: Nick Newlin
Origin Merchant Securities Inc. is pleased to announce that Wyse Meter Solutions has received a significant minority investment from ONCAP.
Origin Merchant Securities Inc. acted as exclusive financial advisor to Wyse Meter Solutions with respect to this transaction.
Wyse Meter Solutions Inc. (“Wyse”) provides turnkey submetering and utility expense management services to building owners, developers and property managers across Canada. Headquartered in Newmarket, Ontario, Wyse is licensed and regulated by the Ontario Energy Board, delivering its services in seven provinces.
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential.
Origin Senior Leads: Rob Penteliuk, Jim Osler
Origin Merchant Partners is pleased to announce that Kraft Heinz Canada, a subsidiary of The Kraft Heinz Company (NASDAQ:KHC), has completed the acquisition of Ethical Bean Coffee based in Vancouver, British Columbia.
Origin Merchant Partners acted as exclusive financial advisor to Kraft Heinz Canada with respect to this transaction.
Ethical Bean Coffee is a leading roaster of 100% Fairtrade, certified organic coffee. Founded in 2003, and based in Vancouver, British Columbia, Ethical Bean is committed to social responsibility, global awareness and environmental accountability.
Kraft Heinz Canada is a subsidiary of The Kraft Heinz Company (NASDAQ:KHC), the fifth largest food and beverage company in the world. A globally trusted producer of delicious food, its portfolio is composed of iconic brands including Kraft, Heinz, Cracker Barrel, Classico, Philadelphia, Renée’s Gourmet, Maxwell House and Nabob. Kraft Heinz is the #1 food and beverage and the #1 foodservice company in Canada and its products are found in more than 90% of Canadian households. Kraft Heinz is dedicated to the sustainable health of its people, its planet and its Company.
Origin Senior Leads: Andrew Muirhead, Jim Osler
Origin Merchant Partners is pleased to announce that Yellow Pages Limited (TSX:Y) (“Yellow Pages”) has completed the sale of the ComFree / DuProprio Network to Purplebricks Group plc (AIM:PURP) in a transaction valued at approximately C$51 million.
Origin Merchant Partners acted as exclusive financial advisor to Yellow Pages with respect to this transaction.
Yellow Pages Limited (« Yellow Pages”) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Media owns and operates some Canadian properties and publications including Yellow Pages directories, YellowPages.ca, Canada411.ca, and RedFlagDeals.com. Yellow Pages is a leader in national advertising through its businesses devoted to servicing the marketing needs of large North American brands, including Mediative and JUICE.
ComFree/DuProprio Network (“CFDP”) is a leading and innovative online real estate company that provides consumers a platform to buy and sell property in Canada in a proven and cost-effective manner. CFDP owns the #1 real estate site in its home market of Quebec, holding a ~20% share of the province’s listings, and operates a national platform with growing brand awareness and significant growth potential across the rest of Canada.
Purplebricks Group plc (« Purplebricks ») is a pioneering next generation real estate brokerage, combining highly experienced and professional Local Real Estate Experts with an innovative and intuitive technology platform to make the entire process of selling and buying homes much more convenient, transparent and cost effective. Purplebricks has offices in major real estate markets including the United Kingdom, Australia, the United States, and now Canada.
Origin Senior Leads: Jim Osler, Mario Di Pietro
Origin Merchant Partners is pleased to announce that Dealnet Capital Corp. (TSXV:DLS) has completed the sale of Impact Mobile to IMImobile Canada Inc. (AIM:IMO), a wholly-owned subsidiary of IMImobile plc, in a transaction valued at approximately $27.5 million.
Origin Merchant Partners acted as exclusive financial advisor to Dealnet Capital Corp. with respect to this transaction.
Dealnet Capital Corp. (« Dealnet”) is a specialty finance company servicing the $20 billion Canadian home improvement finance market through both dealer-based and direct homeowner-based originations of secured finance assets.
Impact Mobile Inc. (“Impact”) is Canada’s leading provider of mobile messaging aggregation solutions. Impact’s JumpTXT® platform is a messaging infrastructure that allows its clients to reach mobile subscribers using SMS, MMS and mobile web.
Impact was founded in 2002, with offices in Toronto and New York City.
IMImobile Canada Inc. (« IMI ») is a UK-based global software and solutions company that enables organizations to use mobile and digital technologies to communicate and engage with their customers.
Origin Senior Leads: Jim Osler, Lindsay Adam Weiss, Shaun Quennell
River Cree Enterprises Limited Partnership (“RCELP”), is pleased to announce the closing of new senior credit facilities in an aggregate amount of C$176 million and C$100 million of 10.0% Senior Second Lien Secured Notes.
Origin Merchant Partners was retained to advise RCELP in connection with refinancing its outstanding senior secured credit facilities and 11.0% senior second lien secured notes. Origin Merchant Partners acted as exclusive financial advisor to RCELP with respect to the refinancing.
Origin Merchant Securities Inc. acted as Co-Manager in connection with RCELP’s issuance of 10.0% Senior Second Lien Secured Notes.
River Cree Enterprises Limited Partnership owns the River Cree Resort and Casino, Alberta’s leading casino, hotel and sports and entertainment complex located on the Enoch Cree Nation Reserve bordering Edmonton. The River Cree Resort and Casino has the most slots of any casino in the greater Edmonton area and has the largest hotel, largest convention space and largest entertainment space of any resort-style casino in Alberta.
Origin Senior Leads: Jim Meloche, Charles Pennock
River Cree Enterprises Limited Partnership (“RCELP”), is pleased to announce the closing of new senior credit facilities in an aggregate amount of C$176 million and C$100 million of 10.0% Senior Second Lien Secured Notes.
Origin Merchant Partners was retained to advise RCELP in connection with refinancing its outstanding senior secured credit facilities and 11.0% senior second lien secured notes. Origin Merchant Partners acted as exclusive financial advisor to RCELP with respect to the refinancing.
Origin Merchant Securities Inc. acted as Co-Manager in connection with RCELP’s issuance of 10.0% Senior Second Lien Secured Notes.
River Cree Enterprises Limited Partnership owns the River Cree Resort and Casino, Alberta’s leading casino, hotel and sports and entertainment complex located on the Enoch Cree Nation Reserve bordering Edmonton. The River Cree Resort and Casino has the most slots of any casino in the greater Edmonton area and has the largest hotel, largest convention space and largest entertainment space of any resort-style casino in Alberta.
Origin Senior Leads: Jim Meloche, Charles Pennock
Origin Merchant Partners is pleased to announce the successful acquisition of OCV Control Valves, LLC, AMS Machining Specialists, LLC, and Precision Coatings, LLC (collectively, « OCV ») by entities established by Dorot Control Valves and its parent company, MAT Investment Holding, S.L. (« MAT Holding »).
OCV is a US-based market leader in designing and producing hydraulically-operated automatic control valves for sale in North America, Europe and Asia.
MAT Holding is a multinational industrial group with more than 80 years of history investing in leading companies in the areas of crop protection, irrigation efficiency and water treatment and handling. Through its subsidiaries, MAT Holding operates in more than 100 countries.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce the partnership between Desjardins Group, five credit union centrals and The Cumis Group Ltd. to form Aviso Wealth.
Origin Merchant Partners acted as valuation advisor to Credential Financial Inc, Qtrade Canada Inc. and NEI Investments with respect to this transaction.
Aviso Wealth will be a Canadian financial services leader with notable strengths in wealth management, asset management, online brokerage and digital advice, mutual funds and correspondent services. Through its subsidiaries, Aviso Wealth will offer a wealth management platform with the necessary scale and resources to meet the evolving needs of its credit union partners and their members. It is jointly owned by Desjardins and a limited partnership comprised of the Centrals / CUMIS, with each holding a 50% stake.
Origin Senior Leads: Rob Penteliuk, Charles Pennock
Origin Merchant Securities Inc. is pleased to announce that Pivot Pharmaceuticals Inc. has successfully completed a $5 million private placement of convertible debentures.
Origin Merchant Securities Inc. acted as exclusive financial advisor to Pivot with respect to this transaction.
Pivot Pharmaceuticals Inc. (“Pivot”) is a vertically-integrated cannabis company engaged in the development and commercialization of therapeutic pharmaceuticals and nutraceuticals using innovative drug delivery platform technologies. Pivot’s proprietary topical and oral drug delivery technologies improve the bioavailability of cannabinoid, cannabidiol (CBD), and tetrahydrocannabinol (THC)-based products. Pivot’s initial product development candidates will include topical treatments for women’s sexual dysfunction, as well as psoriasis, and an oral product for cancer supportive care.
Origin Senior Lead: Cathy Steiner
Origin Merchant Partners is pleased to announce that Building Envelope Software Techologies (“BEST”) has completed the sale of its PrefSuite Division to PrefCo GmbH (“PrefCo”).
Origin Merchant Partners acted as exclusive financial advisor to BEST with respect to this transaction.
Building Envelope Software Technologies is value-added reseller of fenestration industry leading software solutions in North America. BEST supplements its leading software offering by providing additional value-added services including consulting, implementation, and customization of the company’s software solutions. Founded 15 years ago by Dan Andersen and professionals with backgrounds in the fenestration industry and leading IT companies, BEST has created long lasting partnerships with its customer base by delivering leading technology and value-added services across a broad customer base.
PrefCo GmbH is the largest and most experienced value-added reseller specializing in the distribution of the PrefSuite software solution for the European window and door industry.
Origin Senior Lead: Mario Di Pietro
Origin Merchant Partners was retained by the Board and Executive Committee of Aeterna Zentaris (“Aeterna” or the “Company”) to provide a fairness opinion with respect to the Company’s license and assignment agreement with Strongbridge Biopharma LLC, regarding its primary drug, Macrilen, the first FDA-approved oral drug indicated for the diagnosis of Adult Growth Hormone Deficiency.
Aeterna Zentaris Inc. is a specialty biopharmaceutical company focused on developing and commercializing new treatments, principally through out-licensing arrangements.
Strongbridge Biopharma LLC. is a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet needs.
Origin Senior Leads: Cathy Steiner, Jim Osler
