M&A Deal Summary

Cerelia Acquires English Bay Batter

On April 10, 2017, Cerelia acquired food company English Bay Batter from Kilmer Capital Partners

Acquisition Highlights
  • This is Cerelia’s 1st transaction in the Food sector.
  • This is Cerelia’s 1st transaction in Canada.
  • This is Cerelia’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-04-10
Target English Bay Batter
Sector Food
Buyer(s) Cerelia
Sellers(s) Kilmer Capital Partners
Deal Type Add-on Acquisition

Target

English Bay Batter

Delta, British Columbia, Canada
English Bay Batter (Vancouver), Inc. is a North American cookie specialist, has developed a unique know-how producing cookies, muffins, brownies and other pastries. The company’s products are widely distributed in the US and Canada through Retail and Food-service channels. Building on its raw and cooked frozen products expertise, EBB recently and successfully launched a range of refrigerated dough products.

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Buyer(S) 1

Buyer

Cerelia

Paris, France
Category Company
Founded 1999
Sector Food
Revenue 212M EUR (2014)
DESCRIPTION

Cerelia is a provider of innovative bakery solutions with a product portfolio including ready-to-bake pie and pizza dough, pancakes, crepes, and cookies. Cerelia was founded in 1999 and is based in Paris, France.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 US Waffle

Liberty, South Carolina, United States

US Waffle is a breakfast category private label food manufacturer for frozen waffles, pancakes, french toast, and breakfast sandwiches. US Waffle was founded in 2013 and is based in Liberty, South Carolina.

Buy -

Seller(S) 1

SELLER

Kilmer Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kilmer Capital Partners is a private equity investment firm that seeks small to mid market company investments to support expansions, acquisitions, buyouts, restructurings, recapitalizations and privatizations. Kilmer focuses its efforts within the electronics, communications, technology, food, textile, and media/entertainment sectors. The Firm's target investment size is C$75 to C$500 million in companies generating C$20 to C$200 million in sales. Kilmer will consider both majority and minority situations. Kilmer Capital Partners was formed in 1994 and is based in Toronto with an additional office in Montreal.

DEAL STATS #
Overall 8 of 11
Sector (Food) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (British Columbia) 1 of 1
Country (Canada) 8 of 10
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-09 Atelka

Montreal, Quebec, Canada

Atelka, Inc. is a provider of primarily inbound customer care and technical support services to some of Canada’s largest telecommunications and financial services companies. Atelka has grown to become Canada’s major independent contact centre with over 1,700 agents and customers in both Canada and the United States. With six locations in three provinces, Atelka provides bilingual services targeting customer care, technical support, help desk, new customer acquisition and programs to maximize customer value.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Altasciences

Laval, Quebec, Canada

Altasciences is a forward-thinking, mid-sized contract research organization offering pharmaceutical and biotechnology companies a proven, flexible approach to preclinical and clinical pharmacology studies, including formulation, manufacturing, and analytical services. Altasciences was founded in 1992 and is based in Laval, Quebec.

Sell -
Mergr

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