Toronto-based mid-market private equity firm Bedford Capital has sold its portfolio company L.B. Maple Treat Corp (LBMT). The buyer was Champlain Financial Corp, a mid-market private equity firm based in Montréal. The deal’s financial terms were not disclosed. Headquartered in Granby, Québec, LBMT is a manufacturer and bottler of branded and private label maple syrup. Founded in 1975, it sells a range of maple syrup-related products, including cookies, maple sugar and maple butter, around the world. CCC Investment Banking was the exclusive financial advisor to the company on the deal. Bedford Capital Fund IV acquired an interest in LBMT in November 2009.
Bedford Capital Completes the Sale of L.B. Maple Treat Corporation
TORONTO, Feb. 10, 2016 /CNW/ – Bedford Capital, a Canadian middle-market private equity firm based in Toronto, has completed the sale of L.B. Maple Treat Corporation (“LBMT”) to Champlain Financial Corporation (“CPC”), a Canadian private holding company based in Montreal.
LBMT is one of the largest bottlers of branded and private label maple syrup in the world. It also sells maple syrup-related products including cookies, maple sugar and maple butter.
CCC Investment Banking (“CCC”) acted as the exclusive financial advisor to LBMT.
CCC (www.cccinvestmentbanking.com) is a leading Canadian middle-market investment banking firm with offices in Toronto and Vancouver. It has a 40-year track record of advising middle-market companies on mergers and acquisitions, financings, recapitalizations and restructurings as well as providing valuations, fairness opinions and strategic consulting services. CCC is the exclusive Canadian partner firm of Corporate Finance International, a closely-knit global network of independent investment banks.
For further information: Bill Farrell, Managing Director, CCC Investment Banking, 416-619-9119, email@example.com; Razmig Boghossian, Vice President, CCC Investment Banking, 416-619-9110, firstname.lastname@example.org
Photo courtesy of Shutterstock