M&A Deal Summary

Hilco Capital Acquires Bentley

On November 26, 2019, private equity firm Hilco Capital acquired retailer Bentley from Novacap

Acquisition Highlights
  • This is Hilco Capital’s 9th transaction in the Retail sector.
  • This is Hilco Capital’s 2nd transaction in Canada.
  • This is Hilco Capital’s 1st transaction in Quebec.

M&A Deal Summary

Date 2019-11-26
Target Bentley
Sector Retail
Buyer(s) Hilco Capital
Sellers(s) Novacap
Deal Type Secondary Buyout

Target

Bentley

Montreal, Quebec, Canada
Bentley is a retail company operating across the 10 Canadian provinces. With over 300 stores, Bentley is Canada’s largest specialty retailer of luggage, handbags, small leather goods, and related accessories. Bentley was founded in 1987 and is based in Montreal, Quebec.

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Buyer(S) 1

DESCRIPTION

Hilco Capital is the investment arm of financial advisory group Hilco Global. Hilco Capital principally seeks to acquire or provide funding to UK-based companies in the retail, consumer products, manufacturing, engineering, and distribution sectors. The Firm will invest equity or debt capital and can invest up to £150 million per transaction. Hilco has a special interest acquiring troubled or distressed companies. Hilco Capital was formed in 2000 and is headquartered in London.


DEAL STATS #
Overall 12 of 13
Sector (Retail) 9 of 9
Type (Secondary Buyout) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Chapelle Jewellery

Middlesex, United Kingdom

Chapelle Jewellery is an operating retail jeweller that offers a wide range of diamonds, jewellery and watches. Chapelle Jewellery was founded in 1979 and is based in Middlesex, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Anglia Crown

Essex, United Kingdom

Anglia Crown is an independent chilled and frozen prepared meal manufacturer in the healthcare sector. The business has historically focussed on the healthcare sector, working with over 100 hospitals. Anglia Crown was founded in 1992 and is based in Essex, United Kingdom.

Buy -

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 15 of 30
Sector (Retail) 1 of 1
Type (Secondary Buyout) 5 of 12
State (Quebec) 8 of 14
Country (Canada) 10 of 19
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Foliot Furniture

Las Vegas, Nevada, United States

Foliot Furniture provides quality furnishings for the hospitality and educational housing communities. Foliot produces furniture using innovative technologies, and distinctive aesthetics without compromising the strength and durability needed to endure the demands of the contract environment. Foliot Furniture was founded in 1991 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-03 Dialogic Group

Parsippany, New Jersey, United States

Dialogic Group, Inc. is a provider of cloud solutions optimized for real-time communication media, applications, and infrastructure for service providers, businesses, and developers across the globe. Dialogic Group is based in Parsippany, New Jersey.

Sell $52M