M&A Deal Summary

Champlain Financial Acquires Dion Herbs & Spices

On May 17, 2021, private equity firm Champlain Financial acquired food company Dion Herbs & Spices

Acquisition Highlights
  • This is Champlain Financial’s 6th transaction in the Food sector.
  • This is Champlain Financial’s 17th transaction in Canada.
  • This is Champlain Financial’s 16th transaction in Quebec.

M&A Deal Summary
Date 2021-05-17
Target Dion Herbs & Spices
Sector Food
Buyer(s) Champlain Financial
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 1

Buyer

Champlain Financial

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
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 18 of 20
Sector (Food) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 13 of 14
State (Quebec) 16 of 17
Country (Canada) 17 of 19
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Enjay Converters

Cobourg, Ontario, Canada

Enjay Converters manufacture and distribute a wide range of specialty baking packaging products such as cake-boards, cake and pastry trays, cupcake holders, piping bags, and other related products. Enjay’s products are sold across Canada to major food retail chains, bakeries, pastry shops, and other retail outlets. Enjay Converters was founded in 1983 and is based in Cobourg, Ontario.

Buy -
Mergr

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