Investment Summary

Fulcrum Capital Partners and Roynat Equity Partners Invest In VODA Backyard Leisure Group

On September 20, 2022, private equity firm Fulcrum Capital Partners and growth capital firm Roynat Equity Partners invested in consumer products company VODA Backyard Leisure Group

Investment Highlights
  • This is Fulcrum Capital Partners’ 3rd and Roynat Equity Partners’ 2nd transaction in the Consumer Products sector.
  • This is Fulcrum Capital Partners’ 34th and Roynat Equity Partners’ 10th transaction in Canada.
  • This is Fulcrum Capital Partners’ 17th and Roynat Equity Partners’ 4th transaction in Ontario.

Investment Summary

Date 2022-09-20
Target VODA Backyard Leisure Group
Sector Consumer Products
Investor(s) Fulcrum Capital Partners
Roynat Equity Partners
Deal Type Growth Capital

Target

VODA Backyard Leisure Group

Burlington, Ontario, Canada
VODA Backyard Leisure Group is a backyard leisure products business comprised of three businesses: Aquiform Distributors (a distributor to the pool, spa, and patio furniture industry), Club Piscine (a franchisor and distributor servicing the retail needs of an extensive network of franchises selling pools, garden furniture, barbecues, spas, and fitness equipment) and Pool Supplies Canada (an online retail platform for pool and spa supplies). VODA Backyard Leisure Group is based in Burlington, Ontario.

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Investor(S) 2

Investor

Fulcrum Capital Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 1.3B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Fulcrum Capital Partners is a private equity firm focused on middle-market company acquisitions in Canada. The Firm looks to invest $10 to $35 million in companies generating up to $250 million in revenue. Industries of interest include services, manufacturing, consumer products, distribution, food, and retail. Prospective transaction situations include successions, growth capital financings, consolidations, buyouts, take privates, and pre-IPO financings. Fulcrum Capital Partners was formed in 2011 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 35 of 36
Sector (Consumer Products) 3 of 3
Type (Growth Capital) 18 of 19
State (Ontario) 17 of 18
Country (Canada) 34 of 35
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Kore Outdoor

Saint-Laurent, Quebec, Canada

Kore Outdoor is a provider of manufacturer and distributor of paintballs, markers, and other paintball products. The company has also leveraged its expertise in softgel encapsulation to a wide range of industries including consumer products, nutritional and pharmaceuticals. Kore Outdoor was founded in 2010 and is based in Saint-Laurent, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 FE Ingredients

Richmond Hill, Ontario, Canada

FE Ingredients is a distributor and logistics provider of baking supplies and food ingredients to industrial bakeries and food manufacturers in Ontario. Core ingredients include sugar, flour, starch, oils, yeast, fillings, baking mixes and toppings. FE Ingredients is based in Richmond Hill, Ontario.

Buy -
DESCRIPTION

Roynat Equity Partners is an investment arm within Canada-based bank Scotiabank that looks to provide capital to middle-market businesses for growth and/or liquidity needs. The Firm looks to invest $5 to $20 million for minority stakes in profitable businesses with minimum EBITDA of $2 million. Roynat is sector agnostic and can invest a variety of capital, including common equity, preferred equity, and convertible debt. Roynat Equity Partners is based in Calgary, Alberta.


DEAL STATS #
Overall 10 of 12
Sector (Consumer Products) 2 of 2
Type (Growth Capital) 5 of 6
State (Ontario) 4 of 4
Country (Canada) 10 of 12
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Surface Hair

Saskatoon, Saskatchewan, Canada

Surface Hair is committed to developing natural and organic ingredients for their hair care products in a cruelty free manner. Surface supports a culture of education, guest service know-how, and technical expertise to its salon network partners and other distribution channels. Surface Hair was founded in 2008 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 OAG

Kelowna, British Columbia, Canada

OAG is comprised of two recreational vehicle brands, including Northern Lite, a manufacturer of specialized fibreglass truck campers for all four seasons, and Off Grid, a designer and distributor of innovative, superior off-road trailers. Key distribution channels include a broad network of recreational vehicle dealerships across North America, and through a digital, direct-to-consumer model. OAG is based in Kelowna, British Columbia.

Buy -