M&A Deal Summary

WestBridge Capital Acquires Propulsion Capital

On January 1, 2017, private equity firm WestBridge Capital acquired financial services company Propulsion Capital

Acquisition Highlights
  • This is WestBridge Capital’s 1st transaction in the Financial Services sector.
  • This is WestBridge Capital’s 4th transaction in Canada.
  • This is WestBridge Capital’s 1st transaction in Alberta.

M&A Deal Summary
Date 2017-01-01
Target Propulsion Capital
Sector Financial Services
Buyer(s) WestBridge Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Propulsion Capital

Edmonton, Alberta, Canada
Propulsion Capital is a merchant service company. Propulsion Capital offers unbeatable prices on payment processing, cutting edge equipment, gift card programs, fraud reduction strategies, and more. Propulsion Capital is based in Edmonton, Alberta. ​

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Buyer(S) 1

Buyer

WestBridge Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

WestBridge Capital is a generalist investment firm focused on lower middle-market company acquisitions throughout North America. The Firm is industry agnostic and seeks profitable business ($2 to $10 million of EBITDA) with strong management already in place. WestBridge Capital is headquartered in Saskatoon, Saskatchewan.

DEAL STATS #
Overall 4 of 13
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 11
State (Alberta) 1 of 1
Country (Canada) 4 of 6
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Bioriginal

Saskatoon, Saskatchewan, Canada

Bioriginal is a provider of innovative essential fatty acid (EFA) solutions. Bioriginal products are used in nutraceuticals, functional foods, skin care products, cosmetics, animal feed, veterinary products and over-the-counter pharmaceuticals. Bioriginal was founded in 1993 and is based in Saskatoon, Saskatchewan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Reside

Woodinville, Washington, United States

Reside is providing vetted and flexible accommodations options to global travelers no matter the destination or the duration of their stay. Reside Worldwide owns a variety of hospitality companies, including Reside Management and Reside Properties. Reside was formed in 2017 and is based in Woodinville, Washington.

Buy -
Mergr

Product

Company

Legal