Capital Canada Limited acted as financial advisor to Sweet Jesus in connection with sale to International Franchising Inc.

TORONTO – December 5, 2018. Sweet Jesus, the popular ice cream and dessert brand specializing in hand-crafted, chef-inspired, “pimped out” soft-serve ice cream creations, has been acquired by International Franchising Inc., an affiliate of Serruya Private Equity, one of the largest global frozen dessert companies with several of the world’s most iconic frozen dessert brands, including Yogen Früz®; Pinkberry® and Swensen’s® Ice Cream (www.swensens.com), with a combined total of over 1,400 units in over 47 countries.

Sweet Jesus was founded in Toronto in 2015 by restaurant group Monarch & Misfits and is now one of the fastest-growing ice cream concepts with 20 locations in Canada, the US and in the Middle East. Capital Canada Limited acted as financial advisor to Sweet Jesus.

Aaron Serruya, CEO of International Franchising Inc., said, “Sweet Jesus is a powerful brand with a rich social media following that resonates especially with millennials. With this transaction, International Franchising Inc. is adding a brand that has a distinctive position within a compelling segment and strong U.S. and international prospects for growth. We look forward to taking an already very strong brand and accelerating its pace of growth and opening new units in Canada, the U.S., and around the world. As Sweet Jesus becomes part of the International Franchising Inc. family, we believe we can deliver growth and opportunities for all of our stakeholders, including our valued employees and franchisees.”

Jeff Young, former Chief Development Officer of Sweet Jesus and newly appointed President of Sweet Jesus, with International Franchising Inc., said, “I am proud of the results the Sweet Jesus team has achieved since its inception, by delighting guests with hand crafted, chef inspired pimped out soft serve treats. The Serruya Family are industry leaders in the frozen dessert category and have recognized the opportunity for exceptional unit growth in the future, particularly in the U.S. and around the world. The outlook of the Sweet Jesus brand has never looked brighter and this transaction will deliver immediate and certain value to all Sweet Jesus shareholders.”

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad.  Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions.  Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited facilitated an equity investment in LesserEvil by InvestEco Capital.

TORONTO – November 28, 2018. LesserEvil LLC (“LesserEvil”), a leading producer of premium organic popcorn, chips and puffs, has received an investment from InvestEco Capital Corp., a Canadian private equity firm focused on investing in expansion-stage companies in North America that promote health and sustainability in the food and agricultural sector.

LesserEvil will use the proceeds to significantly expand production capacity at its facility in Danbury, Connecticut, launch more innovative product lines and focus more heavily on sales and marketing.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited Announces the Completion of the Great Slave Helicopters Ltd. Sale and Investment Solicitation Process

On November 23, 2018, the Ontario Superior Court of Justice approved the sale of substantially all of the assets of Great Slave Helicopters Ltd. (“GSH”) to 11088211 Canada Corp. (“211”), a company controlled by Patrick Campling Jr., a founder and former owner of Transwest Air. Mr. Campling is an individual with significant experience in the Canadian aviation industry. GSH was acquired as a going-concern and the approved transaction will preserve jobs and allow GSH to continue to service its customers.

On September 4, 2018, the Ontario Superior Court of Justice granted protection under the Companies’ Creditors Arrangement Act (“CCAA”) to GSH. On September 14, 2018, KSV commenced the sale and investment solicitation process (“SISP”) for GSH’s business and assets.

Given Capital Canada’s prior involvement with GSH, its dealing with prospective going-concern purchasers and its substantial expertise in the aviation section, on September 28, 2018, KSV, in consultation with GSH’s principal secured creditor, Clairvest Group Inc. (“Clairvest”), engaged Capital Canada to assist it to carry out the SISP. KSV and Capital Canada worked together closely throughout the SISP. Capital Canada’s involvement was focused on pursuing going-concern transactions, including to continue its prior dealings with certain prospective purchasers.

“Capital Canada’s experience in the aviation industry was of significant assistance in generating a successful outcome for the SISP” noted David Sieradzki, Managing Director of KSV.

About KSV

KSV Advisory Inc. is a boutique consulting firm providing advisory and restructuring services to distressed North American companies and their stakeholders. For more information, visit www.ksvadvisory.com.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acted as financial advisor to Famoso Neapolitan Pizzeria in connection with sale to FDF Restaurant Brandz.

FDF Brandz completes the acquisition of Famoso Neapolitan Pizzeria

BURNABY, B.C. – June 5, 2018. Famoso Neapolitan Pizzeria (“Famoso”), a Canadian full-service pizza chain consisting of 30 locations in Alberta, B.C., Ontario and Saskatchewan, has been acquired by FDF Restaurant Brandz (“FDF Brandz”), a leading privately-held franchising company of brands such as Ricky’s All Day Grill, Ricky’s Country, Ricky’s hotel partners, and Ricky’s Cafés, as well as Fatbuger locations. Capital Canada Limited (“Capital Canada”) acted as financial advisor to Famoso.

We are delighted to bring the popular Famoso chain into the fold and welcome the franchise owners of these neighbourhood pizzerias known for using authentic ingredients and processes to create flavorful Neapolitan pizzas and other tasty choices,” said Frank Di Benedetto, CEO and owner of FDF Brandz. He sees significant growth potential in the successful chain that was started by three young restaurant entrepreneurs – Justin Lussier, Jason Allard and Chris Bullock – and is confident that the time is right for FDF Brandz to bring its management franchising experience to take the chain to a new and higher level.

Jack and Capital Canada’s restaurant transaction experience and industry relationships were an invaluable resource throughout the entire process and we were very happy with their hard work, patience and persistence on this transaction.” – Justin Lussier, CEO, Famoso Neapolitan Pizzeria

Having an experienced firm like Capital Canada involved as Famoso’s advisor enabled an efficient and professional negotiation process and a smooth closing of the transaction.” – Frank Di Benedetto, CEO, FDF Restaurant Brandz

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com

Capital Canada Limited acted as financial advisor to The Works Gourmet Burger Bistro in connection with sale to MTY Food Group.

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MTY completes the acquisition of The Works Gourmet Burger Bistro

MONTREAL, June 9, 2017 – MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY) announced today that pursuant to the announcement made on May 8, 2017, it has acquired all the assets of The Works Gourmet Burger Bistro (www.worksburger.com).

The total consideration for the transaction is approximately $8.0 million, of which $6.9 million was paid on closing, $0.8 million was retained as holdback on the transaction and $0.3 in net liabilities were assumed. The consideration paid on closing was paid in cash, financed from MTY’s cash on hand.

At closing, The Works network operates 23 franchised and 4 corporate restaurants. One restaurant is under construction at closing, in North London, Ontario. In the last twelve months, the network has generated approximately $35 million in sales.

Stanley Ma, Chairman of the Board and Chief Executive Officer of MTY, said: “MTY is proud to add another young and dynamic brand to its portfolio. The Works has great growth potential for the future and will solidify MTY’s presence in the gourmet burger market.”

Mr. Bruce Miller will continue to lead the brand from The Works’ current offices in Oakville, Ontario.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com

Capital Canada Limited introduced and aided with debt financing provided by Serruya Private Equity to The Second Cup Ltd.

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MISSISSAUGA, ON, Dec. 5, 2016 /CNW/ – The Second Cup Ltd. (TSX: SCU) announced today that it has entered into a 4 year, $8 million secured term loan with SPE Finance LLC, an affiliate of Serruya Private Equity (SPE). Proceeds from the term loan will be used to repay the Company’s existing $6 million credit facility and for general corporate purposes.

This term loan carries an interest rate of 10% and includes warrants to purchase up to 600,000 common shares at a strike price of $2.75 per share. In addition, the Company has agreed to nominate a nominee from SPE to sit on its board of directors

“We considered a number of alternatives along with the special committee and we are very pleased to have selected Serruya Private Equity,” said Ms. Barbara Mallon, Vice President of Finance and CFO. “This financing enhances our financial capacity to support the implementation of our strategic plan. The Serruya family has a tremendous track record in franchising and we look forward to benefiting from their expertise.”

“We are excited to be investing with Second Cup, an iconic Canadian brand” said Michael Serruya, Managing Director at SPE. “This investment capitalizes on our experience and we look forward to helping to build Second Cup in the future.”

The special committee has fulfilled its mandate and is no longer required. The Board of Directors will continue to pursue opportunities in the shareholders’ best interests.

About Second Cup Coffee Co.™

Founded in 1975, The Second Cup Ltd. is a Canadian specialty coffee retailer operating over 295 franchised and company owned cafes. The company’s vision is to be the coffee brand most passionately committed to quality and innovation.  For more information, please visit www.secondcup.com or find the company on Facebook and Twitter.   

About Serruya Private Equity

Serruya Private Equity is a family office based in the Toronto area that oversees the investment activities in retail, real estate and lending for the Serruya family. For more information, visit www.serruyaprivateequity.com.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com

Capital Canada Limited arranged financing from Serruya Private Equity for Blue Goose, a Canadian-based protein and organic food company

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TORONTO, CANADA – November 9th, 2016. Serruya Private Equity Inc. (“SPE”), in partnership with Dundee Corporation, made a strategic $20 million investment in Blue Goose Capital Corp. (“Blue Goose”), a Canadian-based protein and organic food company. The joint investment will provide Blue Goose capital to help fund and consolidate its ongoing operations, growth strategy, and potential future acquisitions.

Blue Goose is a recognized consumer brand that focuses on production, distribution, and sale of organic protein (natural beef, chicken, and fish). The corporation owns over 45,000 acres of farmland in British Columbia, and distributes to over 640 retail locations across Canada, making Blue Goose well-positioned in the high-growth organic food market.

As part of the investment, SPE was offered a seat on the Board of Directors.

About Serruya Private Equity

Serruya Private Equity is a family office based in the Toronto area that oversees the investment activities in retail, real estate and lending for the Serruya family. For more information, visit www.serruyaprivateequity.com.

About Blue Goose Capital Corp.

Blue Goose is a vertically integrated company focused on the production, distribution and sale of organic and natural beef, chicken and fish. Its mandate focuses on producing and distributing organic protein by raising livestock in an organic environment, with feed from organically grown crops and no substrates or animal by-products in the feed, and by employing the highest standards of animal husbandry and welfare, with no use of artificial growth hormones or antibiotics.

Blue Goose owns over 45,000 acres of farm land in British Columbia, and is a recognized consumer brand with beef, chicken, and fish products distributed to over 640 retail locations across Canada, making Blue Goose well-positioned to capitalize on the high-growth organic food market. For more information, visit bluegoosepurefoods.com.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acted as financial advisor to CIRC Radio Inc. in connection with sale to South Asian Broadcasting Corporation

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TORONTO and VANCOUVER – South Asian Broadcasting Corporation announced today it has completed the purchase of CIRC Radio Inc., the company which operates the Toronto FM radio station CIRV-FM, 88.9 known as “Toronto’s Multicultural Super Mix”.

Surry, B.C.’s SABC is controlled by Kulwinder Sanghera and also operates CKYE-FM, 93.1, serving the Greater Vancouver Region. Sanghera also controls CKYR-FM, 106.7 Calgary. Both multicultural radio stations are known to listeners as RED FM.

“I am honored to continue the broadcasting legacy started three decades ago by a Canadian pioneer of ethnic broadcasting, Mr. Alvarez,” said Sanghera, in a press release. Financial details were not disclosed.

“The acquisition of CIRV-FM Toronto provides us with the opportunity to serve listeners in three of the largest radio markets in Canada – Vancouver, Calgary and Toronto – and creates a national platform for advertisers who want to reach out to this expanding group of radio listeners. We will also expand our talent discovery contest, nationally,” Sanghera added.

Francisco (“Frank”) Sestelo Alvarez has operated CIRV-FM, since 1986. “It is the leading voice for multicultural communities in Southern Ontario. Mr. Alvarez will continue the operation of the national specialty television service, Festival Portuguese Television (FPTV).

CIRV-FM transmits from First Canadian Place and its signal can be received throughout the Golden Horseshoe of Southern Ontario, to the U.S. border.

CIRV-FM’s programming is predominantly Portuguese, Spanish and Chinese (Mandarin and Cantonese). It also airs Brazilian, Caribbean, Punjabi, Russian, Somali, Ukranian and Urdu programming.

The CRTC approved the transfer of ownership on October 12, 2016.

Capital Canada Limited acted as financial advisor to CIRC Radio Inc.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements and general financial advisory services. Capital Canada is a recognized leader in providing financial advisory services to entrepreneurial Canadian broadcasters and has represented nearly all major market independent broadcasters in recent transactions. Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Limited acted as financial advisor to Barbecue World, a new specialty retail chain, to raise financing and complete a platform acquisition

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Capital Canada Limited acted as financial advisor to Barbecue World, a new specialty retail chain, to raise financing and complete a platform acquisition Capital Canada Limited (“Capital Canada“) has successfully raised financing for Barbecue World Inc. (“Barbecue World”), a new specialty retail superstore chain selling barbecues and other outdoor living products and accessories.  Barbecue World has also completed a platform acquisition of Ontario Gas BBQ, a 50,000+ square foot barbecue superstore located in Vaughan, Ontario considered to be the “World’s Largest Barbecue Store”. In addition to the acquired Vaughan store, Barbecue World will open two additional stores in the spring of 2016 in Whitby, Ontario and Ottawa, Ontario as part of its initial launch.

Capital Canada acted as financial advisor to Barbecue World with respect to the financing and acquisition transactions. Jack Steckel, Managing Director at Capital Canada, formulated the idea for the new concept following his prior retail success as creator of Golf Town and a founder Pro Hockey Life superstore chains.

Barbecue World superstores will combine high-level service from educated staff with the most complete selection of outdoor living products including barbecues, smokers, patio furniture and outdoor and indoor fireplaces. Features of the concept will include:

  • A year-round one-stop-shop for all types of outdoor cooking, including a vast selection of accessories such as condiments, utensils, and various cooking fuels such as charcoal and wood pellets;
  • Cooking classes, product demonstrations and other special events to attract passionate grilling enthusiasts;
  • Competitive pricing with big-box competitors; and
  • Comprehensive e-commerce website and delivery options for an easy, convenient shopping experience.

About Capital Canada Limited

Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.

Capital Canada Raises Financing for iS5 Communications Inc. to Enhance Security-focused Research and Development Activities

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Latest round includes investments from Trellis Capital Corporation, current shareholders, and new investors. Capital Canada Limited acted as the financial advisor with respect to the financing.

Mississauga, Ontario – January 18, 2016 – iS5 Communications Inc. (“iS5Com”) today announced that it has closed a new round of financing led by Trellis Capital Corporation (“Trellis Capital”) and existing shareholders.  The funds from this financing will be utilized to further bolster iS5Com’s research and development and next generation switching technologies focusing on secure communications.

“The Industrial Security of Things, or iSOT™ as we like to call it, for critical infrastructure and communication networks are a major concern of our customers” noted, Clive Dias, President and CEO of iS5Com.  “This funding will allow iS5Com to expedite the development of new security-focused communication products aimed at the utilities and other critical infrastructure sectors.”   “iS5Com will continue to build upon its extensive customer base and expertise in the utility and substation industry to bring leading solutions to market.”

iS5 Communications has seen its customer base increase to well over 100, and revenues more than doubled over the past two years. iS5Com also hit a major growth milestone, with the shipment of its High-availability Seamless Redundancy and Parallel Redundancy Protocol (HSR/PRP) switch and module to more than 20 OEM integration partners.   “The HSR/PRP module was introduced at DistribuTECH in 2015 and we have seen unprecedented market acceptance of this technology” noted Mr. Dias.

“An unrelenting customer focus and the ability to offer comprehensive end-to-end hardened communications solutions attracted us to iS5Com” says Dominic Talalla, Managing Partner at Trellis Capital.  “We are enthusiastic about the new cybersecurity products iS5Com will be introducing to its customers.”

About iS5 Communications Inc.

iS5Com is a global provider of integrated services and solutions, and manufacturer of intelligent Industrial Ethernet products. Our products are designed to meet the stringent demand requirements of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers of advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things. All products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions.  iS5Com is headquartered in Mississauga, Ontario, Canada.  For more information on iS5Com, please visit www.is5com.com.

About Trellis Capital Corporation

Trellis Capital is a private venture capital fund that invests in small to mid-sized Canadian companies in select technology-based sectors. Trellis Capital’s investment activities focus on technology companies with highly scalable and capital efficient business models that have the potential to be disruptive in their respective markets. Trellis Capital provides capital, expertise, and a network of contacts to the companies it invests in, as well as assists in their expansion into emerging markets if the opportunity exists.

About Capital Canada Limited

Capital Canada, established in 1975, is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide exceptional negotiating capabilities in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.