M&A Deal Summary

Metro Acquires The Jean Coutu Group

On October 2, 2017, Metro acquired retailer The Jean Coutu Group for 4.5B USD

Acquisition Highlights
  • This is Metro’s 1st transaction in the Retail sector.
  • This is Metro’s largest (disclosed) transaction.
  • This is Metro’s 3rd transaction in Canada.
  • This is Metro’s 3rd transaction in Quebec.

M&A Deal Summary
Date 2017-10-02
Target The Jean Coutu Group
Sector Retail
Buyer(s) Metro
Deal Type Add-on Acquisition
Deal Value 4.5B USD

Target

The Jean Coutu Group

Longueuil, Quebec, Canada
The Jean Coutu Group (PJC) Inc. is a Canadian pharmacy retailer operating a network of 419 franchised stores in Québec, New Brunswick, and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, and employs more than 20,000 people. Furthermore, since December 2007, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs.

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Buyer(S) 1

Buyer

Metro

Montreal, Quebec, Canada
Category Company
Founded 1947
Sector Food
Employees97,000
Revenue 20.7B CAD (2023)
DESCRIPTION

Metro is a food retailer operating in the Canadian provinces of Quebec and Ontario. Metro is the only major Canadian food distribution company to have its head office in Quebec. Along with its affiliates and franchisees, METRO INC. employs in Quebec and Ontario over 65,000 people, whose mission is to exceed their customers’ expectations every day to earn their-long term loyalty. METRO INC. operates a network of almost 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners. Metro was incorporated in 1947 and is based in Montreal, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Quebec) 3 of 3
Country (Canada) 3 of 3
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 MissFresh

Montréal, Quebec, Canada

MissFresh, Inc. is a Montreal company specializing in the delivery of ready-to-cook meals. Founded in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost, and Ritter Huang, three passionate entrepreneurs, MissFresh is a Canadian company that meets a growing demand from families and professionals who want to eat healthy and balanced foods, but who have little time for shopping and preparing meals.

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