Investment Summary

PFM Capital Invests In Bone & Biscuit

On November 8, 2021, private equity firm PFM Capital invested in retailer Bone & Biscuit

Investment Highlights
  • This is PFM Capital’s 1st transaction in the Retail sector.
  • This is PFM Capital’s 32nd transaction in Canada.
  • This is PFM Capital’s 2nd transaction in British Columbia.

Investment Summary

Date 2021-11-08
Target Bone & Biscuit
Sector Retail
Investor(s) PFM Capital
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)

Target

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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Investor(S) 1

Investor

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 33 of 40
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 9 of 15
State: British Columbia M&A 2 of 2
Country: Canada M&A 32 of 38
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Caltex Resources

Calgary, Alberta, Canada

Caltex Resources is a private oil & gas company focused on the exploration, development, and acquisition of heavy oil properties in western Saskatchewan and eastern Alberta. Caltex Resources was formed in 2011 and is based in Calgary, Alberta.

Sell -