M&A Deal Summary

Ironbridge Equity Partners Acquires Handi Foods

On September 8, 2022, private equity firm Ironbridge Equity Partners acquired food company Handi Foods

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 2nd transaction in the Food sector.
  • This is Ironbridge Equity Partners’ 25th transaction in Canada.
  • This is Ironbridge Equity Partners’ 10th transaction in Ontario.

M&A Deal Summary

Date 2022-09-08
Target Handi Foods
Sector Food
Buyer(s) Ironbridge Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KPMG Corporate Finance (Financial)

Target

Handi Foods

Toronto, Ontario, Canada
Handi Foods is a private-label manufacturer of pita snacks in North America. Handi Foods is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Ironbridge Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironbridge Equity Partners (IEP) is a private equity investor in middle-market Canadian companies. IEP targets profitable companies with motivated management, 'history of positive earnings strong competitive positions within industry niche, and opportunities growth (organic or through acquisitions). IEP looks to invest at least $15 million in transactions valued up to $50 million. Areas of interest include manufacturing, distribution, consumer products/services, and business services. The Firm will not invest in real estate, natural resources, and technology. Ironbridge Equity Partners was formed in 2005 and is based in Toronto.


DEAL STATS #
Overall 25 of 29
Sector: Food M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 16
State: Ontario M&A 10 of 13
Country: Canada M&A 25 of 29
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Kore Outdoor

Saint-Laurent, Quebec, Canada

Kore Outdoor is a provider of manufacturer and distributor of paintballs, markers, and other paintball products. The company has also leveraged its expertise in softgel encapsulation to a wide range of industries including consumer products, nutritional and pharmaceuticals. Kore Outdoor was founded in 2010 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Back in Motion Rehab

Surrey, British Columbia, Canada

Back in Motion Rehab is a provider of employment, rehabilitation, and physiotherapy services. Back in Motion Rehab was founded in 1993 and is based in Surrey, British Columbia.

Sell -