M&A Deal Summary

Sagard, Walter Capital Partners, BDC Capital and Investissement Quebec Acquire Lou-Tec

On September 8, 2021, asset manager Sagard, private equity firm Walter Capital Partners, growth capital firm BDC Capital and Investissement Quebec acquired business services company Lou-Tec

Acquisition Highlights
  • This is Sagard’s 6th, Walter Capital Partners’ 2nd, BDC Capital’s 3rd and Investissement Quebec’s 1st transaction in the Business Services sector.
  • This is Sagard’s 1st, Walter Capital Partners’ 13th, BDC Capital’s 21st and Investissement Quebec’s 4th transaction in Canada.
  • This is Sagard’s 1st, Walter Capital Partners’ 10th, BDC Capital’s 12th and Investissement Quebec’s 4th transaction in Quebec.

M&A Deal Summary
Date 2021-09-08
Target Lou-Tec
Sector Business Services
Buyer(s) Sagard
Walter Capital Partners
BDC Capital
Investissement Quebec
Deal Type Buyout (LBO, MBO, MBI)

Target

Lou-Tec

Monteal, Quebec, Canada
website
Lou-Tec is involved in the rental of heavy machinery, specialized equipment, and tools used in construction, renovation, and maintenance of commercial, industrial, institutional, and residential buildings. Due to strong growth and being at the forefront of trends in the industry, the company continuously invests in new equipment and new technologies to offer its customers reliable, safe, and efficient equipment. Its rental experts are highly qualified and are committed to providing personalized and impeccable service. Lou-Tec was founded in 1979 and is based in Monteal, Quebec.

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Buyer(S) 4

Buyer

Sagard

Paris, France

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.

DEAL STATS #
Overall 33 of 36
Sector (Business Services) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 15 of 15
State (Quebec) 1 of 3
Country (Canada) 1 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Nutrisens SAS

Francheville, France

Nutrisens focused on offering nutritionally effective products while being good and tasty. The company designs, produces, and markets tasty nutritional products for all stages of life. Nutrisens was formed in 2006 and is based in Francheville, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Groupe Climater

Toulouse, France

Groupe Climater is a designer, producer, maintains, and operates HVAC (Heating, Ventilation, and Air Conditioning) engineering systems for the manufacturing, healthcare, housing, retail, offices, and public facilities sectors. The group mainly operates in the south of France and the Paris region from its 15 locations. Groupe Climater is based in Toulouse, France.

Sell -
Buyer

Walter Capital Partners

Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Walter Capital Partners is a private investment group focused on public and private company investments. Within private equity, Walter seeks direct investments in growth-oriented companies where it can work alongside management to pursue growth strategies. Walter Capital Partners is based in Westmount, Quebec.

DEAL STATS #
Overall 14 of 17
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Quebec) 10 of 12
Country (Canada) 13 of 16
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Clareo

Laval, Quebec, Canada

Clareo is a network of dental clinics located in several regions across Quebec. Clareo offers a full range of local services both generalist and specialist that are at the leading edge of dental practices and meet the highest quality standards. Clareo is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 Bonlook

Montreal, Quebec, Canada

Bonlook is an optical retailer of frames that operates 36 stores. BonLook has developed a unique technology-driven approach in the field of optics. Known for its stylish frames, quality lenses, and accessible prices. Bonlook was founded in 2011 and is based in Montreal, Quebec.

Sell -
Buyer

BDC Capital

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Size Large
Type Sector Agnostic
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 23 of 32
Sector (Business Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Quebec) 12 of 15
Country (Canada) 21 of 30
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 TeraXion

Québec, Quebec, Canada

TeraXion is a manufacturer of innovative photonic components that incorporate fiber Bragg gratings, low noise lasers, and integrated photonics. Its unique expertise and its ability to develop and transform technology into leading-edge products make it a prime partner for its clients: key companies in light and heavy manufacturing, telecommunications, medical equipment, aerospace, and defense. TeraXion was founded in 2000 and is based in Quebec City.

Sell $159M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 MSP Corp

Guelph, Ontario, Canada

MSP Corp provide access to a full stack of solutions for accounting, tax, human resources, cybersecurity, outsourced helpdesk, colo-location, backup solutions, compliance, web hosting, and marketing. MSP Corp was founded in 2020 and is based in Guelph, Ontario.

Buy -
Buyer

Investissement Quebec

Montreal,, Quebec, Canada

website

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Investissement Quebec invests in several areas including forest products, mining, energy, environment, etc.

DEAL STATS #
Overall 4 of 7
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Quebec) 4 of 7
Country (Canada) 4 of 7
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 NuChem Sciences

Saint-Laurent, Quebec, Canada

NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

Buy -
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