M&A Deal Summary

EMPWR Acquires Noble Foods Nutrition

On April 12, 2022, EMPWR acquired food company Noble Foods Nutrition from Novacap

Acquisition Highlights
  • This is EMPWR’s 1st transaction in the Food sector.
  • This is EMPWR’s 1st transaction in Canada.
  • This is EMPWR’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-04-12
Target Noble Foods Nutrition
Sector Food
Buyer(s) EMPWR
Sellers(s) Novacap
Deal Type Add-on Acquisition

Target

Noble Foods Nutrition

Pointe-Claire, Quebec, Canada
Noble Foods Nutrition is a manufacturer of nutrition and energy bars. Noble Foods Nutrition was founded in 1999 and is based in Pointe-Claire, Québec.

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Buyer(S) 1

Buyer

EMPWR

Ghent, Belgium
Category Company
Founded 2015
Sector Food
DESCRIPTION

EMPWR is a developer and manufacturer of premium nutritional bars. EMPWR offers a wide range of possibilities within the protein bar segment, ranging from vegan protein bars to dairy protein bars between 20% and 50+% protein content. EMPWR was founded in 2015 and is based in Ghent, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 20 of 30
Sector (Food) 3 of 3
Type (Add-on Acquisition) 8 of 13
State (Quebec) 10 of 14
Country (Canada) 12 of 19
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Stratus Networks

Peoria Heights, Illinois, United States

Stratus Networks is a provider of fiber-optic bandwidth infrastructure services. Stratus Networks is a provider of data and voice networking services for businesses with a full range of products including data, cloud, and voice solutions. Stratus Networks was founded in 1999 and is based in Peoria Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Mucci Farms

Kingsville, Ontario, Canada

Mucci Farms is a second-generation fruit and vegetable grower. Vertically integrated from seed to retail, the company owns and operates greenhouse and warehouse facilities spanning the continent with a mission to deliver the highest quality of fresh produce in the market through innovation at all levels. Mucci Farms was founded in 2000 and is based in Kingsville, Ontario.

Sell -
Mergr

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Company

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