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  6. Nutriart Acquires Laura Secord

M&A Deal Summary

Nutriart Acquires Laura Secord

On February 18, 2010, Nutriart acquired retailer Laura Secord from Gordon Brothers Finance Co.

Acquisition Highlights
  • This is Nutriart’s 1st transaction in the Retail sector.
  • This is Nutriart’s 1st transaction in Canada.
  • This is Nutriart’s 1st transaction in Ontario.

M&A Deal Summary
Date 2010-02-18
Target Laura Secord
Sector Retail
Buyer(s) Nutriart
Sellers(s) Gordon Brothers Finance Co.
Deal Type Add-on Acquisition

Target

Laura Secord

Mississauga, Ontario, Canada
Founded in 1913, Laura Secord is a leading marketer and retailer of branded boxed chocolates, scooped ice cream and other confectionary products. The company operates over 150 retail stores throughout Canada and also sells its products in over 1,000 third-party retail stores. In August 2004, GB Merchant Partners acted as the lead equity investor in acquiring the assets of the Laura Secord from Archibald Candy Corporation.

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Buyer(S) 1

Buyer

Nutriart

Quebec, Prince Edward Island, Canada
Category Company
Founded 2009
Sector Food
DESCRIPTION

Nutriart Inc. produces chocolate and related products. The company also produces fruit purées, caramel, yogurt coating, compound chocolate, chocolate bars, chocolate wafers, and chocolate chips and chunks.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Gordon Brothers Finance Co.

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 1903
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GB Merchant Partners (GB) is the private investment arm of the Gordon Brothers Group. GB looks to make traditional private equity investments as well as provide structured loans and acquire secondary debt instruments. Within private equity, GB seeks investments in all segments of the consumer products and services sectors, including retail, distribution, wholesale, licensing and manufacturing. Target companies 'usually have meaningful brand equity, or a product or service that is capable of creating a leading and defensible market position'. Prospective transactions include management buyouts, growth capital financings, as well as restructurings or turnarounds. GB is based in Boston with an additional office in New York City.

DEAL STATS #
Overall 6 of 11
Sector: Retail M&A 5 of 7
Type: Add-on Acquisition M&A Deals 2 of 3
State: Ontario M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-12 Dollarama

Mount Royal, Quebec, Canada

Dollarama is a dollar store chain own and operates over 330 stores in six provinces. The Company's stores offer a wide assortment of quality everyday merchandise at a fixed price point of $1.00. Dollarama was incorporated in 1992 and is based in Mount Royal, Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Ashley Stewart

Secaucus, New Jersey, United States

Ashley Stewart is a global lifestyle brand for plus size women’s fashion. Ashley Stewart offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. Ashley Stewart was founded in 1991 and is based in Secaucus, New Jersey.

Buy -
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