Investment Summary

Canterbury Park Capital Invests In Paragon Pharmacies

On February 22, 2007, private equity firm Canterbury Park Capital invested in healthcare services company Paragon Pharmacies

Investment Highlights
  • This is Canterbury Park Capital’s 1st transaction in the Healthcare Services sector.
  • This is Canterbury Park Capital’s 1st transaction in Canada.
  • This is Canterbury Park Capital’s 1st transaction in British Columbia.

Investment Summary

Date 2007-02-22
Target Paragon Pharmacies
Sector Healthcare Services
Investor(s) Canterbury Park Capital
Deal Type PIPE

Target

Paragon Pharmacies

Kelowna, British Columbia, Canada
Paragon Pharmacies Limited owns and operates community pharmacies committed to offering the best treatments, products and service to restore, maintain and improve its customers' quality of life. Paragon was founded in 1975 with one community pharmacy in Kelowna, British Columbia. Paragon now owns and operates 19 retail pharmacies and three central fill pharmacies throughout British Columbia, Alberta and Manitoba. Paragon is headquartered in Kelowna, B.C. and employs over 400 full and part time staff in its stores and offices.

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Investor(S) 1

Investor

Canterbury Park Capital

Winnipeg, Manitoba, Canada

Category Private Equity Firm
Founded 2006
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Canterbury Park Capital LP (CPC) is an investor in established and profitable, small and mid-sized Canadian companies. The Firm primarily looks for opportunities in North America, but will consider select foreign transactions. Areas of interest include financial services, health care, security services, business outsourcing, food manufacturing and distribution. CPC primarily targets control situations where management can participate through 'active ownership'. CPC will consider a variety of transaction situations, including buyouts (MBOs), growth and expansion financings, consolidations, roll-ups, and corporate divestures. CPC is a unit of Pavilion, a financial services firm. Canterbury Park Capital LP was formed in 2006 and is based in Winnipeg.


DEAL STATS #
Overall 1 of 2
Sector: Healthcare Services M&A 1 of 1
Type: PIPE M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 Allegro Media Group

Portland, Oregon, United States

Founded in 1982, Allegro is one of the largest independent distributors of music and video in North America. Located in Portland, Oregon, Allegro's vision is to be the leading independent distributor and marketer of entertainment products in North America. Since its founding, Allegro has grown to represent a wide spectrum of multi-media companies, providing distribution to customers throughout the United States and Canada. Its distribution streams for its multi-media products include libraries, gift accounts, independent bookstores, independent toy & educational stores, direct consumer sales, mass merchandisers, wholesale clubs, office and electronic superstores, e-tailers and other specialty retailers. Allegro is a customer-focused organization committed to fostering strong working relationships with the labels it represents, the retailers it serves and the consumers that purchase its music directly.

Buy $37M