M&A Deal Summary

Nova Vida Capital and Sage Capital Partners Acquire Ti Foods

On October 5, 2021, private equity firms Nova Vida Capital and Sage Capital Partners acquired distribution company Ti Foods

Acquisition Highlights
  • This is Nova Vida Capital’s 1st and Sage Capital Partners’ 1st transaction in the Distribution sector.
  • This is Nova Vida Capital’s 1st and Sage Capital Partners’ 4th transaction in Canada.
  • This is Nova Vida Capital’s 1st and Sage Capital Partners’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-10-05
Target Ti Foods
Sector Distribution
Buyer(s) Nova Vida Capital
Sage Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ti Foods

Markham, Ontario, Canada
Ti Foods is a sales, marketing and distribution company of Asian foods in Canada. The company's business spans coast to coast with customers in the retail and foodservice channels. Ti Foods was formed in 1985 and is based in Markham, Ontario.

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Buyer(S) 2

Buyer

Nova Vida Capital

Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Focused
DESCRIPTION

Nova Vida Capital is an investment fund focused on stable companies in ownership or management transition. Nova Vida considers businesses in Canada with annual EBITDA of $1 to $3 million, with recurring and growing revenue and limited customer concentration. The Firm invests in a variety of industries including distribution, ecommerce, engineering, software, clean energy and manufacturing. Nova Vida Capital was founded in 2020 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Buyer

Sage Capital Partners

Investor Investor

Category Private Equity Firm
Founded 2019
PE ASSETS 40M USD
Size Small
Type Sector Focused
DESCRIPTION

Sage Capital Partners is a private investment firm focused on backing search funds seeking lower middle-market Canadian private companies. The Firm looks to support search funds seeking profitable ($1.5 to 6 million of EBITDA) businesses operating in growing markets, with stable customers, unique products/services, and where the owner is looking to exit. Sectors of interest include business/tech services and software/SaaS. Sage Capital Partners was formed in 2019.

DEAL STATS #
Overall 4 of 7
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ontario) 2 of 4
Country (Canada) 4 of 6
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 CarData Consultants

Toronto, Ontario, Canada

CarData Consultants provides vehicle reimbursement plans for mid-size to Fortune 500 corporations. Technology-focused solutions featuring Smart DataBases, cloud computing, and SaaS; and built on the Client Service first model. The company offers savings for companies moving from company cars, cents per mile, or flat taxable plans. Plans offer outsourced or in-house administration tailored to each business's needs. CarData Consultants was formed in 1999 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 ATS Scientific

Burlington, Ontario, Canada

ATS Scientific is a provider of analytical instrumentation, sample preparation and materials processing equipment. ATS’ products are used in the following industries: powders, materials science and engineering, environmental science, food and feed, mining and earth sciences, pharma/nutraceuticals, petroleum and energy, and cannabis testing. ATS offers analytical solutions for your laboratory requirements, with technologies from some of the industries most prestigious companies. ATS Scientific was founded in 1989 and is based in Burlington, Ontario.

Buy -
Mergr

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