M&A Deal Summary

Kingsdown Acquires Kingsdown Canada

On April 3, 2018, Kingsdown acquired consumer products company Kingsdown Canada from Novacap

Acquisition Highlights
  • This is Kingsdown’s 1st transaction in the Consumer Products sector.
  • This is Kingsdown’s 1st transaction in Canada.
  • This is Kingsdown’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-04-03
Target Kingsdown Canada
Sector Consumer Products
Buyer(s) Kingsdown
Sellers(s) Novacap
Deal Type Merger

Target

Kingsdown Canada

Vaughan, Ontario, Canada
Kingsdown Canada manufactures and sells luxury hand-crafted mattresses to national furniture retailers, department stores, independent specialty businesses and hotel chains throughout North America. Kingsdown Canada was founded in 1995 and based in Vaughan, Ontario.

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Buyer(S) 1

Buyer

Kingsdown

Mebane, North Carolina, United States
Category Company
Founded 1904
Sector Consumer Products
DESCRIPTION

Kingsdown, Inc. is a privately-owned manufacturer of fine handcrafted mattresses, originally founded in 1904 by W.W. Corbett and A.N. Scott as "The Mebane Bedding Company". More than a century later, Kingsdown has expanded its manufacturing and distribution footprint in the U.S. and around the world, but its commitment to handcrafted quality has never wavered. Research and development, training and distribution, and manufacturing are also located in Mebane, with additional manufacturing locations in California, Florida, Texas, and Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 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 11 of 30
Sector (Consumer Products) 1 of 2
Type (Merger) 1 of 1
State (Ontario) 1 of 4
Country (Canada) 7 of 19
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Mailhot Industries

Saint-Jacques, Quebec, Canada

Mailhot Industries is a manufacturer of hydraulic cylinders renowned for technological innovation. The company makes quality a priority, and has secured a place of choice in its industry segment. Mailhot produces a complete line of single-stage and telescopic hydraulic cylinders. Its mission is to anticipate its customers’ needs by deploying innovative, adapted solutions. Mailhot Industries was founded in 1956 and is based in Saint-Jacques, Québec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-20 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.

Buy -
Mergr

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