M&A Deal Summary

Champlain Financial Acquires Enjay Converters

On June 29, 2021, private equity firm Champlain Financial acquired packaging company Enjay Converters from Entrepreneur Capital

Acquisition Highlights
  • This is Champlain Financial’s 1st transaction in the Packaging sector.
  • This is Champlain Financial’s 18th transaction in Canada.
  • This is Champlain Financial’s 1st transaction in Ontario.

M&A Deal Summary

Date 2021-06-29
Target Enjay Converters
Sector Packaging
Buyer(s) Champlain Financial
Sellers(s) Entrepreneur Capital
Deal Type Secondary Buyout

Target

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.

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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 19 of 20
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 18 of 19
Year: 2021 M&A 4 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Armoires Cuisines Action

Boucherville, Quebec, Canada

Armoires Cuisines Action designs, manufacture and installation of custom kitchen cabinets, bathroom vanities, laundry rooms and other custom residential storage. Armoires Cuisines Action is the manufacturer/retailer of custom cabinets to operate a production line and computer system designed specifically for custom-made products from design, manufacture, delivery to after-sales service. Armoires Cuisines Action was founded in 1989 and is based in Boucherville, Quebec.

Buy -

Seller(S) 1

DESCRIPTION

Entrepreneur Capital is a private equity firm focused on partnering with profitable, lower middle-market companies that are positioned to become market leaders. Entrepreneur Capital primarily targets buyouts, however the Firm will also consider recapitalizations and growth capital financings. Entrepreneur Capital does not invest in start-ups, real estate, natural resources or sectors with long product-development cycles such as biotech firms or products with short life cycles such as consumer electronics. Entrepreneur Capital was established in 2013 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 3 of 3
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Voyages Traditours

Laval, Quebec, Canada

Voyages Traditours is a provider of group tour packages, offering 90 circuits and 50 competitively priced cruises to discover the four corners of the planet. Voyages Traditours offer is continually expanding to include new destinations in order to better meet your expectations. Voyages Traditours has made its mark by offering both exclusive and affordable stays in the heart of the tradition. Voyages Traditours was founded in 1999 and is based in Laval, Quebec.

Sell -