Investment Summary

Northern Private Capital Invests In Aspire Food Group

On September 1, 2019, private equity firm Northern Private Capital invested in food company Aspire Food Group

Investment Highlights
  • This is Northern Private Capital’s 1st transaction in the Food sector.
  • This is Northern Private Capital’s 1st transaction in the United States.
  • This is Northern Private Capital’s 1st transaction in Texas.

Investment Summary

Date 2019-09-01
Target Aspire Food Group
Sector Food
Investor(s) Northern Private Capital
Deal Type Stake Purchase

Target

Aspire Food Group

Austin, Texas, United States
Aspire uses a proprietary, innovative process to produce high-quality, low-cost crickets at commercial scale. Aspire’s crickets are sold as an affordable, sustainable and nutritious protein ingredient in both the pet and human food markets. Aspire’s operations also produce large volumes of cricket frass which are sold as an organic fertilizer.

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Investor(S) 1

DESCRIPTION

Northern Private Capital (NPC) is a private investment firm focused on long-term company investments in partnership with management teams. NPC is a generalist investor and prefers proven businesses with high-growth potential and proprietary technology. Northern Private Capital was formed in 2013 and is headquartered in Toronto.


DEAL STATS #
Overall 4 of 5
Sector: Food M&A 1 of 1
Type: Stake Purchase M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 MicroSintesis

Victoria, Prince Edward Island, Canada

MicroSintesis is a developer of a suite of natural, probiotic-based health products used in place of antibiotics and other conventional drugs for both livestock and companion animals. MicroSintesis was founded in 2011 and is based in Victoria, Prince Edward Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-30 MDA Space

Brampton, Ontario, Canada

MDA Space is a space technology company delivers space robotics, radar satellite technology and satellite components. MDA Space was founded in 1969 and is based in Brampton, Ontario.

Buy CA$1.0B