M&A Deal Summary

PFM Capital Acquires Hospitality Network

On January 31, 2011, private equity firm PFM Capital acquired healthcare services company Hospitality Network for 19M USD

Acquisition Highlights
  • This is PFM Capital’s 1st transaction in the Healthcare Services sector.
  • This is PFM Capital’s largest (disclosed) transaction.
  • This is PFM Capital’s 6th transaction in Canada.
  • This is PFM Capital’s 5th transaction in Saskatchewan.

M&A Deal Summary
Date 2011-01-31
Target Hospitality Network
Sector Healthcare Services
Buyer(s) PFM Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 19M USD

Target

Hospitality Network

Regina, Saskatchewan, Canada
website
Hospitality Network has grown to become Canada’s leading provider of entertainment and communication services in the Canadian healthcare market. Hospitality Network maintains a dominant market share of the hospital market serving more than 40,000 beds in over 230 hospitals across Canada. Hospitality Network has also created a unique niche in the seniors care home market becoming the leading provider of managed TV programming and telephone services to over 19,000 suites in 170 homes across Canada.

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Buyer(S) 1

Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 652M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $20 million per transaction. PFM was formed in 1989 and has been investing since 1993. The Firm is based in Regina.

DEAL STATS #
Overall 6 of 22
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 19
State (Saskatchewan) 5 of 12
Country (Canada) 6 of 21
Year (2011) 1 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-05 Agco Ag Ventures

Regina, Saskatchewan, Canada

Agco Ag Ventures is focused on the acquisition and rental of farmland in Saskatchewan. Agco’s principals have identified farmland as a low-risk form of participation in the growing market of agricultural investments, a sector that is expected to benefit from such world fundamentals as growing population, declining arable land per capita, and increasing disposable income in developing countries.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Plains Environmental

Calgary, Alberta, Canada

Plains Environmental is an environmental waste management company specializing in the safe and responsible disposal of oilfield and industrial waste. The company operates the first Class 1A waste disposal facility in Saskatchewan. Each facility is licensed and approved by the Saskatchewan Ministry of Economy, meeting or exceeding all available regulations and best practices. Committed to protecting the environment, it ensures proper design, construction and operation of all facilities. Plains Environmental was formed in 1994 and is based in Calgary, Alberta.

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