MONTRÉAL, Nov. 15, 2018 /CNW/ - Roynat Equity Partners (Roynat) and St-Méthode Bakery (BSM) have signed an agreement under which BSM regains control of the ownership interest acquired by Roynat in 2014.
"This was an excellent opportunity and the opportune moment for us to invest in a flagship company in Quebec," said Catherine Parent, Director for Roynat Equity Partners. "Over the last four years, we have given our point of view on growth strategies, risk management and succession planning. We are happy to bring this partnership to an end at a time when BSM, under the direction of a solid upper management team, is favourably positioned to continue its growth."
In August 2014, Roynat became a minority shareholder of St-Méthode Bakery, the largest independent bakery in Quebec, when it purchased shares from members of the Faucher family, leaving Benoit Faucher as the majority shareholder. Today, the Fauchers are in a position to bring the company back under the full ownership of the founding family.
"I am very grateful to Roynat for allowing me to buy out my three brothers who wanted to retire in 2014. At the time, it wasn't possible to do that through traditional financing channels," said Benoit Faucher, BSM majority shareholder and president. "In addition to supporting us through this major expansion project, this allowed us to work with upper management and the 3rd generation of the family to establish a succession plan."
The deal's details have not been made public.
About St-Méthode Bakery
St-Méthode Bakery Inc. was founded in 1947 in its namesake village. More than 70 years later, BSM remains a family-run business and is renowned throughout Quebec for the superior quality of its four health food product lines. Thanks to its creative approach to product development and commitment to continuously improving existing recipes, St-Méthode Bakery continues to grow year after year.
About Roynat Equity Partners
Roynat Equity Partners facilitates growth and creates wealth in established mid-market private companies by providing patient capital, advice and contact networks to Canadian entrepreneurs. With over $300 million in committed capital and offices across Canada, Roynat Equity Partners is dedicated to helping mid-market companies grow and achieve their business goals. Flexible investment structures are tailored to the needs of partners and include common equity, preferred equity, and convertible debt and can be part of a complete financing solution provided by Roynat Capital and Scotiabank. Roynat Equity Partners is a division of Roynat Inc. which is a wholly owned subsidiary of Scotiabank. For more information, please visit www.roynat.com/.
SOURCE Roynat Equity Partners
For further information: Media inquiries: Lukas Gerber, firstname.lastname@example.org, 416-448‑7024; Benoit Faucher, email@example.com, 418-422-2246, ext. 2224