M&A Deal Summary

Kensington Capital Partners Limited and BDC Capital Acquire Resolute Health

On June 3, 2022, private equity firm Kensington Capital Partners Limited and growth capital firm BDC Capital acquired life science company Resolute Health

Acquisition Highlights
  • This is Kensington Capital Partners Limited’s 1st and BDC Capital’s 3rd transaction in the Life Science sector.
  • This is Kensington Capital Partners Limited’s 16th and BDC Capital’s 25th transaction in Canada.
  • This is Kensington Capital Partners Limited’s 1st and BDC Capital’s 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2022-06-03
Target Resolute Health
Sector Life Science
Buyer(s) Kensington Capital Partners Limited
BDC Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Resolute Health

Bedford, Nova Scotia, Canada
website
Resolute Health is a healthcare services business specializing in the testing and treatment of obstructive sleep apnea (“OSA”). Resolute Health was founded in 2005 and is based in Bedford, Nova Scotia.

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Buyer(S) 2

Buyer

Kensington Capital Partners Limited

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.


DEAL STATS #
Overall 21 of 21
Sector (Life Science) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Nova Scotia) 1 of 1
Country (Canada) 16 of 16
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 minus

Toronto, Ontario, Canada

minus is a distributed food waste solutions company dedicated to investing in the intersection between traditional waste services and distributed technology, to measurably reduce the cost and environmental impact of food waste. The company operates in 14 countries, transforming conventional food waste services through its hyperlocal technology – ORCA. minus was formed in 2018 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Walker Glass

Montreal, Quebec, Canada

Walker Glass is a glass product company offers designs of etched and mirrored glass for commercial interior and exterior applications. Walker Glass is based in Montreal, Quebec.

Sell -
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.


DEAL STATS #
Overall 27 of 32
Sector (Life Science) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Nova Scotia) 1 of 1
Country (Canada) 25 of 30
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Monarch House

Abbotsford, British Columbia, Canada

Monarch House is a national Canadian network of interdisciplinary behavioural health centres with a particular focus on serving children and youth diagnosed with autism spectrum disorder (ASD). Monarch House was founded in 2008 and is based in Abbotsford, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Cognibox

Shawinigan, Quebec, Canada

Cognibox is a provider of risk management and contractor compliance software. Cognibox compiles health and safety, sustainable development, quality, and procurement data for more than 8,000 contractors performing work for over 250 hiring organizations. Cognibox was founded in 1972 and is based in Shawinigan, Quebec.

Sell -