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Buyout (LBO, MBO, MBI) • Food

Novacap Acquires Freedom Pet Supplies

On November 3, 2023, private equity firm Novacap acquired food company Freedom Pet Supplies

Acquisition Context
  • This is Novacap’s 4th transaction in the Food sector.
  • This is Novacap’s 42nd transaction in Canada.
  • This is Novacap’s 8th transaction in Ontario.

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M&A Deal Summary
Date November 3, 2023
Target Freedom Pet Supplies
Sector Food
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Freedom Pet Supplies

Cambridge, Ontario, Canada
Freedom Pet Supplies distributor and sales-and-marketing company that supplies a range of pet food, supplies, and accessories to pet retailers, veterinary clinics, and other pet-focused businesses across Canada. Freedom Pet Supplies was founded in 2001 and is based in Cambridge, Ontario.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 60 of 67
Sector: Food 4 of 4
Type: Buyout (LBO, MBO, MBI) 33 of 35
State: Ontario 8 of 9
Country: Canada 42 of 44
Year: 2023 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Sell $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Lewis & Ellis

Plano, Texas, United States

Lewis & Ellis is a provider of full-service actuarial consulting firm offering specialized services to a wide array of clients, from global corporations to regional and mid-sized companies. Lewis & Ellis’s ability to provide cost-effective solutions to difficult problems its clients face in their markets today. Lewis & Ellis’s actuaries serve clients in sectors such as life, health, and property and casualty insurance, along with providing consulting services for regulatory compliance, life settlements, risk management, and more. Lewis & Ellis was founded in 1968 and is based in Plano, Texas.

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