M&A Deal Summary

Purpose Unlimited Acquires Thinking Capital

On March 9, 2018, Purpose Unlimited acquired financial services company Thinking Capital from TorQuest Partners

Acquisition Highlights
  • This is Purpose Unlimited’s 1st transaction in the Financial Services sector.
  • This is Purpose Unlimited’s 1st transaction in Canada.
  • This is Purpose Unlimited’s 1st transaction in Quebec.

M&A Deal Summary

Date 2018-03-09
Target Thinking Capital
Sector Financial Services
Buyer(s) Purpose Unlimited
Sellers(s) TorQuest Partners
Deal Type Add-on Acquisition

Target

Thinking Capital

Montreal, Quebec, Canada
Thinking Capital Corp. is a financial technology company that provides financing to small and medium-sized enterprises (SME).

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Buyer(S) 1

Buyer

Purpose Unlimited

Toronto, Ontario, Canada

Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

Purpose Unlimited is a financial services company focused on customer-centric innovation through technology-driven solutions. Its platform equips entrepreneurs and small- to medium-sized businesses with tools to advance modern asset management, wealth management, and banking technology. Purpose Unlimited was founded in 2013 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Steadyhand

Vancouver, British Columbia, Canada

Steadyhand offers clear-cut advice, customized plans, and most importantly, a steady hand, to help investors achieve their financial goals. Steadyhand is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 15 of 27
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 12
State: Quebec M&A 3 of 4
Country: Canada M&A 11 of 21
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 A&W Food Services

North Vancouver, British Columbia, Canada

A&W Food Services is a franchisor of quick service burger chain. A&W Food Services was founded in 1956 and is based in North Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 WSB Titan

Vaughan, Ontario, Canada

WSB Titan is a gypsum specialty dealer serving the residential, commercial, and institutional markets with key products including wallboard, insulation, lumber, roofing, steel framing, and other complementary building products.

Sell $627M