M&A Deal Summary

Brookfield Private Equity Acquires Loblaw Companies - Gas Station Business

On April 19, 2017, private equity firm Brookfield Private Equity acquired retailer Loblaw Companies - Gas Station Business from Loblaw Companies for 540M CAD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st transaction in the Retail sector.
  • This is Brookfield Private Equity’s 9th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 3rd transaction in Canada.
  • This is Brookfield Private Equity’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2017-04-19
Target Loblaw Companies - Gas Station Business
Sector Retail
Buyer(s) Brookfield Private Equity
Sellers(s) Loblaw Companies
Deal Type Divestiture
Deal Value 540M CAD

Target

Loblaw Companies - Gas Station Business

Ontario, Canada
Loblaw Companies Ltd. - Gas Station Business is one of the largest in Canada and includes 213 retail gas stations and associated convenience kiosks adjacent to Loblaw-owned grocery stores across the country. The gas stations will continue to offer Loblaw's industry-leading PC Plus loyalty program, thereby combining the loyalty proposition that customers associate with Loblaw with the high quality gas station offering that customers in other markets have come to expect from the Mobil brand.

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Buyer(S) 1

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.

DEAL STATS #
Overall 9 of 23
Sector (Retail) 1 of 1
Type (Divestiture) 3 of 6
State (Ontario) 2 of 3
Country (Canada) 3 of 4
Year (2017) 2 of 4
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 TerraForm Power

New York, Maryland, United States

TerraForm Power is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating clean energy power plants. TerraForm Power was founded in 2014 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Convene

New York City, New York, United States

Convene is a developer and operator of urban day conference centers. Convene provides an ideal outsourced model for meetings, conferences, board sessions, investor presentations, corporate gatherings and training needs. Its suite of services includes meeting and collaboration space rental along with staffing, audiovisual, catering and conference planning support. Convene was founded in 2009 and is based in New York City.

Buy $68M

Seller(S) 1

SELLER

Loblaw Companies

Brampton, Ontario, Canada

website

Category Company
Founded 1919
Sector Retail
Employees221,000
Revenue 56.5B CAD (2022)
DESCRIPTION

Loblaw Companies is a provider of grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services in Canada and the United States. Loblaw Companies was founded in 1919 and is based in Brampton, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 QHR

Kelowna, British Columbia, Canada

QHR Corp. is a healthcare technology, empowering providers and connecting patients. With a 12-year track record offering what is now the single leading electronic medical records platform in Canada, QHR has a suite of complementary offerings that empower health professionals. The company's technologies and services enable secure medical records management for clinical environments, empowering health providers with tools for virtual care, including secure video and messaging, as well as tools for clinic management including scheduling, billing, and patient management. Health providers choose QHR to drive efficiencies within their practice and improve the quality of care delivered to patients.

Buy $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-26 Eyereturn Marketing - Technology

Toronto, Ontario, Canada

Eyereturn Marketing, Inc.'s Technology expertise in connecting brands and consumers online through targeted ad campaigns and promotions. Eyereturn Marketing, Inc.'s Technology is based in Toronto, Ontario.

Buy -
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