Whitecap Venture Partners Mergers and Acquisitions Summary

Venture Capital Firm Profile

Whitecap Venture Partners’ most common sectors for investment areinformation technology (25%) and software (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (75%) and venture (25%). Its largest (disclosed) acquisition occurred in 1999 when it acquired IMagicTV for $10M.

The Firm’s most common exit type is trade sale (37%). Whitecap Venture Partners’ largest (disclosed) exit occurred in 2014 when it sold Protenergy Natural Foods for $150M.

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M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity8
    • M&A Sell Activity11
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Whitecap Venture Partners

22 St. Clair Avenue East, Suite 1010,
Toronto, Ontario M4T 2S3
Canada
(416) 961-5355
www.whitecapvp.com
info@whitecapvp.com

Whitecastle Private Equity Partners (WPEP) is the private equity arm of Whitecastle Investments, a firm which also provides venture capital financing. WPEP looks to invest C$5 to C$25 million to help fund buyouts, acquisitions, expansions, and privatizations of companies valued up to C$75 million. Target industries include food services, recycling and waste management, technology, healthcare services and products, financial services, and manufacturing. Whitecastle Private Equity Partners was formed in 1958 and is based in Toronto, Ontario.


Investment Criteria

Sectors of Interest: Communications, Financial Services, Food, Healthcare Services, Information Technology, Medical Products, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Stake Purchase, Venture

Geographic Preferences: East US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 25
Enterprise Value 15 75
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $10M $10M
Sell (0.0/yr) # 11 - - - - - 11
vol $159M $159M
  19

Most Recent M&A

Company Date Value Type
Protenergy Natural Foods Corp. 2014-04-21 150M USD Trade Sale
Richmond Hill, Ontario · www.protenergyfoods.com
Protenergy Natural Foods Corp. 2011-10-04 - Buyout (LBO, MBO, MBI)
Richmond Hill, Ontario · www.protenergyfoods.com
Avo Photonics, Inc. 2011-07-11 9M USD Trade Sale
Horsham, Pennsylvania · www.avophotonics.com
Turtle Island Recycling Corp. 2011-01-01 - Trade Sale
Toronto, Ontario · www.turtleislandrecycling.com
Teranet, Inc. 2008-10-28 - Secondary Sale
Toronto, Ontario · www.teranet.ca
Turtle Island Recycling Corp. 2005-08-30 - Buyout (LBO, MBO, MBI)
Toronto, Ontario · www.turtleislandrecycling.com
IMagicTV, Inc. 2003-04-30 - Trade Sale
Saint John, New Brunswick · www.imagictv.com
Loran International Technologies Inc 2000-01-01 - Trade Sale
Ottawa, Ontario
IMagicTV, Inc. 1999-01-01 10M USD Buyout (LBO, MBO, MBI)
Saint John, New Brunswick · www.imagictv.com
Electrophotonics Corp 1999-01-01 - Trade Sale
Montreal, Quebec
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology - - 2 (25%) -
Software - - 1 (13%) 10M (100%)
Communications - - 1 (13%) -
Electrical Equipment - - 1 (13%) -
Environmental - - 1 (13%) -
Food - - 1 (13%) -
Manufacturing - - 1 (13%) -
Total - - 8 $10M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada - - 8 (100%) 10M (100%)
  Ontario - - 4 (50%) -
  Quebec - - 2 (25%) -
  New Brunswick - - 1 (13%) 10M (100%)
Total - - 8 $10M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 6 (75%) 10M (100%)
Venture - - 2 (25%) -
Total - - 8 $10M

Exits by Deal Type

Type Total # Value
Trade Sale 6 (55%) 9M (6%)
Trade Sale - Public Company 4 (36%) 150M (94%)
Secondary Sale 1 (9%) -
Total 11 $159M

Top M&A Advisors

Financial Deals
William Blair
 1

Deal Values

buy # Total
< $100M 1 $10M
TOTAL $10M
Largest IMagicTV, Inc.
$10M (1999-01-01)
sell # Total
$100M to $1B 1 $150M
< $100M 1 $9M
TOTAL $159M
Largest Protenergy Natural Foods Corp.
$150M (2014-04-21)

M&A Connections

Deals
Exited to
Investor(s)
9%
1 (9%)
Strategic(s)
36%
4 (36%)

Investor Summary

Investor Type

Venture Capital Firm

Size

Small

PE Assets

225M CAD

Established

1993

Specialist/Generalist

Specialist

Leadership

Carey Diamond

Co-founder & Partner

Blaine Hobson

Chair of Investment Committee

Russell Samuels

Partner

Shayn Diamond

Partner

Melissa Belbeck

Principal

FAQ

When was Whitecap Venture Partners founded?

Whitecap Venture Partners was founded in 1993.

What type of investor is Whitecap Venture Partners?

Whitecap Venture Partners is a venture capital firm.

Where is Whitecap Venture Partners headquartered?

Whitecap Venture Partners is headquartered in Toronto, Ontario.

How much capital does Whitecap Venture Partners have under management?

Whitecap Venture Partners has 225M CAD under management.

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