M&A Deal Summary

Purpose Financial Acquires Thinking Capital

On March 9, 2018, Purpose Financial acquired financial services company Thinking Capital from TorQuest Partners

Acquisition Highlights
  • This is Purpose Financial’s 1st transaction in the Financial Services sector.
  • This is Purpose Financial’s 1st transaction in Canada.
  • This is Purpose Financial’s 1st transaction in Quebec.

M&A Deal Summary

Date 2018-03-09
Target Thinking Capital
Sector Financial Services
Buyer(s) Purpose Financial
Sellers(s) TorQuest Partners
Deal Type Add-on Acquisition

Target

Thinking Capital

Montreal, Quebec, Canada
website
Thinking Capital Corp. is a financial technology company that provides financing to small and medium-sized enterprises (SME).

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Buyer(S) 1

Buyer

Purpose Financial

Toronto, Ontario, Canada

website


Category Company
Founded 2013
SectorFinancial Services
DESCRIPTION

Purpose Financial is a company that’s creating the future of financial services. Purpose's platform gives entrepreneurs and small- to medium-sized businesses the cutting edge tools they need to innovate the next generation of modern asset management, wealth management and banking technology. Purpose Financial was founded in 2013 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B CAD
SizeLarge
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 15 of 24
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (Quebec) 3 of 4
Country (Canada) 11 of 18
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 A&W Root Beer Beverages of Canada

Vancouver, British Columbia, Canada

A&W Food Services is a leading franchisor of Canada’s second-largest quick service burger chain. Over its 60+ year history, the Company has established A&W as one of Canada’s most longstanding, recognisable and widespread restaurant brand names, and one of the most sought-after franchise concepts in Canada. A&W is recognised for its commitment to serving high-quality food and its strong culture of partnership with its franchisees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 WSB Titan

Vaughan, Ontario, Canada

WSB Titan is a gypsum specialty dealer serving the residential, commercial, and institutional markets with key products including wallboard, insulation, lumber, roofing, steel framing, and other complementary building products.

Sell $627M