18 Sep 2020
Mark Rossi
Partner | Financial advisory

Raymond Chabot Grant Thornton’s Corporate Finance team is pleased to announce the successful refinancing transaction of Pasta Romana Foods and Pizza Romana (hereinafter individually ‘‘Pasta Romana’’ or ‘‘Pizza Romana’’, and together the ‘‘Company’’).

Pasta Romana is a family-owned and operated business founded in 1996 by Mr. Bernard Filippone and his sons, and headquartered in Montréal, Quebec, Canada.

For over 23 years, Pasta Romana has been offering a wide variety of high-quality fresh and frozen pastas, catering to big box retailers through both the Pasta Romana brand and its private label segment.

More recently, the Company, through its new entity Pizza Romana, has leveraged its proven expertise in operations and product development by acquiring a state-of-the-art manufacturing facility to add high-quality frozen pizzas to its portfolio, which has seen tremendous momentum and success since inception.

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Pasta Romana concludes a refinancing transaction to support growth

The Company strives to never waiver from what has made it successful: products prepared as they would be at home and made fresh without any compromise to quality. Today, Pasta Romana and Pizza Romana have grown to become significant players in the Canadian food manufacturing industry, operating two state-of-the-art plants in Montréal North and in Lachine, where the Company has the capacity to produce 2,300 kg of pasta, 1,000 litres of sauce and 3,000 kg of pizza on an hourly basis.

The Company called on Raymond Chabot Grant Thornton to review and optimize its financial structure. Raymond Chabot Grant Thornton’s Corporate Finance team acted as exclusive financial advisor to the Company which now has a streamlined, adaptable and flexible structure that will allow it to seize new business opportunities in a very active industry.

“The Raymond Chabot Grant Thornton Corporate Finance team significantly simplified our refinancing process.” states Mr. Michael Filippone, Vice President of Operations at Pasta Romana. “With their knowledge, expertise, and large network in the debt market, Mark and his team allowed our Company to obtain the most favourable terms and conditions, as well as the financial flexibility to sustain our growth. In addition to their deep understanding of our industry, they managed the entire process in a very professional manner and allowed for a seamless process from start to finish. We will certainly reach out to them on our next transaction.”

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About Raymond Chabot Grant Thornton

Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.

A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals. Raymond Chabot Grant Thornton is a member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP. Our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

Deal team:

Mark Rossi
Simon Marcotte-Légaré
Justine Bergeron

18 Sep 2020  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

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09 Apr 2020

Raymond Chabot Grant Thornton advises Orthogone Technologies Inc. on a growth capital financing and shareholder buyback transaction.

Raymond Chabot Grant Thornton is pleased to congratulate Orthogone Technologies Inc. (hereafter “Orthogone”) on the successful closing of its growth capital financing and shareholder buyback.

Orthogone is a leading Montreal-based product development and technology consultant, providing leading R&D services to the highly complex embedded systems market.

In the decade since its founding by seasoned industry veterans, Orthogone has secured a diversified client base of leading blue-chip companies and innovative start-ups.

The capital raised will be used to accelerate future growth initiatives and finance the buyout of one of its founders.

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Orthogone.

“Raymond Chabot Grant Thornton’s corporate finance team provided unparalleled assistance at every step of the transaction, from crafting a tailored process to ensuring optimized outcomes at closing” said Luc Leblanc, co-founder at Orthogone. “They provided value-added assistance and allowed us to identify the right partner for our growth plan. We look forward to working with the Raymond Chabot Grant Thornton team again in the future.”

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Orthogone Technologies Inc. concludes a growth capital financing and shareholder buyback transaction.

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, financial advisory and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.

We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. A member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP, Raymond Chabot Grant Thornton has more than 2,500 employees and is one of the world’s largest professional services network made up of 50,000 people in over 135 countries.

Deal team:

Walid Safi
Martin Deschenes
In Sunwoo
Firas Ben
Mark Rossi

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09 Mar 2020

Dovetail Dental Software successfully concludes a capital raise led by Raymond Chabot Grant Thornton to support market expansion.

The current raise will allow the Company to accelerate sales, scale its operations and further expand its product offerings into other health and wellness verticals.

Founded in 2012, Dovetail is a division of Gaargle Solutions Inc., a North American-based provider of Software-as-a-Service (SaaS) solutions for the Health and Wellness sector. Since inception, the Company has made significant inroads into the dental space with the introduction of Dovetail, one of the world’s first truly 100% mobile, cloud-based dental practice management software.

While the Company continues to grow through its traditional acquisition channels, some of the large distribution deals and strategic partnerships it has secured in the past years have been fuelling its global expansion significantly.

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Dovetail concludes a capital raise to support market expansion

Dovetail empowers dental practices to work faster, smarter and more efficiently with its digital workflows designed by a dental surgeon and enables them to manage every aspect of their practice in one easy-to-use application accessible from any device. The Company has managed to differentiate itself in the competitive landscape with its elegant and fully customizable solution which is seamlessly implemented in dental practices. Patient engagement is at the core of the platform with tools designed to improve patient experience and help grow the practice.

“Raymond Chabot Grant Thornton is proud to support a digital company with an innovative vision for the health and wellness sector”, said Yasser Waly, Partner at Raymond Chabot Grant Thornton

In addition to the capital raise, the Company recently appointed Marie Eve Prevost as CEO and Bernard Prevost as CFO, co-founders of MissFresh, a Canadian-based online subscription meal kit delivery service. Started in 2015, they sold a 70% interest to Metro Inc. in 2017 and fully divested in December 2019 when it was acquired by meal kit competitor, Cook it.

“Dovetail has been successfully helping dentists around the world focus on what they do best while we take care of the rest. With an experienced, results-oriented management team in the digital space and the recent capital raise, we’re poised to accelerate our expansion plans and capitalize on new markets”, said Pietro Di Battista, Founder of Dovetail

Raymond Chabot Grant Thornton acted as the exclusive financial advisor to Gaargle.

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our Corporate Finance team.

About Raymond Chabot Grant Thornton

Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.

A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,800 professionals. Raymond Chabot Grant Thornton is a member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP. Our global footprint spans across more than 140 countries with over 56,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

Deal team:

Yasser Waly, Partner
Mark Rossi, Partner

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02 Jul 2019
Mark Rossi
Partner | Financial advisory

Raymond Chabot Grant Thornton’s Corporate Finance team is pleased to announce the successful sale of Vulcain Metal Inc. (“Vulcain”) to ISE Metal Inc. (“ISE”).

Vulcain is a leading manufacturer of high-quality steel, aluminum and stainless steel components and sub-assemblies. It is focused on serving the truck, bus, tracked utility vehicle, train, electric connector and electric enclosure markets. For over 60 years, the Saint-Jérôme-based company has established itself as the top supplier of small-batch hard-to-fabricate parts to notable blue-chip manufacturers.

ISE is a Sherbrooke-based leader in the sheet metal fabrication sector whose operations range from metal stamping to laser cutting, machining and complex assemblies with an international manufacturing footprint over 600 employees.

“For an entrepreneur, selling your business often means the conclusion to a lifelong project. Raymond Chabot Grant Thornton’s Corporate Finance advisory team tirelessly managed the transaction from beginning to end and assisted us in realizing the full value of our company”, states Luc Lusignan, Executive Vice President at Vulcain.

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Vulcain Metal is acquired by ISE Métal

“As the process was nearing the end, and fatigue and few doubts started to seep through, In Sunwoo’s support and guidance were masterful. My partner and I are very grateful to the Raymond Chabot Grant Thornton team.”

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Vulcain.

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About Raymond Chabot Grant Thornton

Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.

A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals. Raymond Chabot Grant Thornton is part of the global organization, Grant Thornton. Our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

Deal Team:

Mark Rossi
In Sunwoo
Firas Ben
Rachel Goldberg

18 Sep 2020  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

See the profile