M&A Deal Summary

Champlain Financial Acquires Naya Waters

On March 22, 2021, private equity firm Champlain Financial acquired beverage company Naya Waters from L Catterton Partners

Acquisition Highlights
  • This is Champlain Financial’s 1st transaction in the Beverages sector.
  • This is Champlain Financial’s 16th transaction in Canada.
  • This is Champlain Financial’s 15th transaction in Quebec.

M&A Deal Summary

Date 2021-03-22
Target Naya Waters
Sector Beverages
Buyer(s) Champlain Financial
Sellers(s) L Catterton Partners
Deal Type Secondary Buyout

Target

Naya Waters

Montreal, Quebec, Canada
Naya Waters is a bottled water company in canada specializing in the production of natural spring water and spring-water based drinks with a focus on environmental sustainability. Naya Waters is based in Montreal, Quebec.

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Buyer(S) 1

DESCRIPTION

Champlain Financial Corporation is a private equity firm focused on acquiring lower middle-market, profitable ($3 to $20 million of EBITDA) companies throughout Canada. Champlain typically targets businesses with a history of sales growth and clearly differentiated products/services. Broad areas of interest include consumer, retail, distribution, healthcare, and niche manufacturing. Champlain Financial Corporation was established in 2004 and is headquartered in Montreal.


DEAL STATS #
Overall 17 of 20
Sector (Beverages) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Quebec) 15 of 17
Country (Canada) 16 of 19
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Dumas

Quebec, Quebec, Canada

Dumas is involved in the production, distribution, and marketing of puff pastries, croissants, and vol-au-vents. The Company sells its products under the “Dumas” brand and through private label brands of large Canadian grocery chains and secondary food processors. With more than 60 people employed in its state-of-the-art facility, Dumas has forged partnerships with leading retailers across Canada and abroad, ensuring the company is well-positioned for continued growth and prosperity. Dumas was founded in 1992 and is based in Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Dion Herbs & Spices

St-Jerome, Quebec, Canada

Dion Herbs & Spices is a herbs & spices seller offering the widest range of products, according to AC Neilson studies. The company's products are available in over 1000 retailers in Canada and the United States. Dion Herbs & Spices was founded in 1996 and is based in St-Jerome, Quebec.

Buy -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 74 of 101
Sector (Beverages) 4 of 5
Type (Secondary Buyout) 16 of 20
State (Quebec) 2 of 2
Country (Canada) 4 of 5
Year (2021) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Birkenstock Digital

Linz am Rhein, Germany

Birkenstock Digital is a shoe manufacturer. Birkenstocks, a German brand of sandals, and other shoes notable for their contoured cork footbeds (soles) made with layers of suede and jute, which conform somewhat to the shape of their wearers' feet. Birkenstock Digital was founded in 1774 and is based in Linz am Rhein, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Freetrade

London, United Kingdom

Freetrade is an investing app that makes investing simple, and free. Freetrade offers commission-free trading and an ever-improving feature set sustainably, Freetrade have built their own engineering system called Invest by Freetrade that allows to execute your trades much cheaper and faster than using third-party solutions. Freetrade is based in London, United Kingdom.

Buy -