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M&A Deal Summary

PFM Capital Acquires Prairie Lithium

On October 14, 2021, private equity firm PFM Capital acquired metals/mining company Prairie Lithium

Acquisition Highlights
  • This is PFM Capital’s 1st transaction in the Metals/Mining sector.
  • This is PFM Capital’s 31st transaction in Canada.
  • This is PFM Capital’s 16th transaction in Saskatchewan.
Investment Fate
  • Prairie Lithium was sold to a publicly-traded strategic buyer in 2022 for 71M CAD.

M&A Deal Summary
Date 2021-10-14
Target Prairie Lithium
Sector Metals/Mining
Buyer(s) PFM Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Prairie Lithium

Emerald Park, Saskatchewan, Canada
Prairie Lithium is a private lithium resource and technology developer and a proprietary lithium extraction process technology that selectively removes lithium from Brine. The group's projects hold quality inferred lithium brine resources in Canada discovered to date, with 4.1MT LCE total inferred resources at 111 mg/L Li. Located in mining-friendly jurisdictions, the projects have easy access to key infrastructure including electricity, natural gas, fresh water, paved highways, and railroads. Prairie Lithium is based in Emerald Park, Saskatchewan.

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Buyer(S) 1

Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.

DEAL STATS #
Overall 32 of 40
Sector: Metals/Mining M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 23 of 23
State: Saskatchewan M&A 16 of 20
Country: Canada M&A 31 of 38
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 Biktrix Electric Bikes

Saskatoon, Saskatchewan, Canada

Biktrix Electric Bikes is a designer and manufacturer of custom electric bikes. Biktrix Electric Bikes was founded in 2014 and is based in Saskatoon, Saskatchewan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Bone & Biscuit

Kelowna, British Columbia, Canada

Bone & Biscuit is a pet retail franchise that offers a range of food and products including high quality raw, dry and canned foods, an abundant selection of natural treats, homeopathic supplements, unique artisan baked goods, clothing and a comprehensive range of toys and general care items for everyday use. Bone & Biscuit was founded in 2008 and is based in Kelowna, British Columbia.

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