11 Apr 2019
Nancy Jalbert
Partner | CPA, CA | Management consulting

Nancy Jalbert, Partner, Management Consulting and 4.0 Leader at Raymond Chabot Grant Thornton, joined a group of experts who travelled to Germany for the Hannover Messe to find out about the latest manufacturing sector technology.

Manufacturing businesses around the world are becoming aware of the growing impact of technology shifts on manufacturing processes, the client experience and human resource management. Known as the 4th industrial revolution, this global transformation movement is driving businesses to innovate in order to stay competitive and meet growing requirements in today’s market.

It is in this context that Pierre Fitzgibbon, Economy and Innovation Minister, led a mission to Germany with some 130 participants from ten Quebec regions to enable them to deepen their knowledge on the latest trends in the 4.0 universe.

In association with the Chambre de commerce et d’industrie Nouvelle-Beauce for the de Chaudière-Appalaches region, the mission provided an opportunity for a delegation of Quebec specialists and entrepreneurs to attend Hannover Messe in Germany, the largest industrial technology trade show in the world. This show has over 5,000 highly specialized exhibitors in such fields as robotics, artificial intelligence, virtual reality, predictive maintenance and interconnected solutions. Hannover Messe is the ideal location to get a preview of the latest industrial innovations.

Digital transformation is key to economic growth

Nancy Jalbert said, “Hannover Messe is a very impressive trade show and the quality of the exhibitors is beyond expectations. It’s a gold mine of information. Exhibitors offer visitors a new way of seeing and understanding technology advances. They are pushing the limits of what’s possible and have tangible examples of just how far manufacturing businesses can go these days to optimize their products and services.”

She noted that organizations must get onboard more quickly. It seems that 85% of European businesses have adopted the digital shift in their organizations, compared with only 25% in Quebec. According to Cefrio, barely half of manufacturing organizations know what industry 4.0 is. Managers must take action quickly if they want to ensure their organization’s growth and sustainability.

Nancy Jalbert added, “At Raymond Chabot Grant Thornton, we are already supporting local businesses in their digital shift by conducting 4.0 audits and we have presented a tour with conferences on 4.0 to make Quebec businesses aware of the digital shift, demystify the topic and support them. We know that businesses want to move forward, but it’s not enough. Still, I’m optimistic when I see the diversity of the strategic players in the delegation and the extent of Quebec’s commitment to the digital shift.”

Some managers underestimate the impact of the digital shift in manufacturing, while others are overwhelmed by the scope of the movement and the organizational changes needed.

The support of specialized business consultants can help managers take the first steps towards the change. A personalized, tangible process can determine the organization’s specific needs based on its technological progress and help overcome the major digital shift.

Hanovre délégation Chaudière-Appalaches

Chaudière-Appalaches Delegation. Photo credit: Agence Webdiffusion

11 Apr 2019  |  Written by :

Nancy Jalbert is a partner at Raymond Chabot Grant Thornton. She is your expert in strategic and...

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11 Apr 2019
Nancy Jalbert
Partner | CPA, CA | Management consulting

Once again this year, Raymond Chabot Grant Thornton is a partner of the Grands prix de la relève d’affaires of the Regroupement des jeunes chambres de commerce du Québec.

This event celebrates the achievements of its members, young influential, visionary and dynamic entrepreneurs across the province.

Submit your candidacy before May 3, 2019 in one of the 12 categories, particularly for Buyer of the year (Business transfers) sponsored by our firm.

Candidates are evaluated based on their achievements, the relevance of their vision, benefits for their industry, their involvement in the socio-economic development of Quebec, leadership, innovation and contribution to their industry.

Our firm is proud to be collaborating to the success of young, local leaders who, through their professionalism and determination, contribute to the growth of Quebec and success of its organizations.

The Gala will take place on June 14, 2019. See you there!

11 Apr 2019  |  Written by :

Nancy Jalbert is a partner at Raymond Chabot Grant Thornton. She is your expert in strategic and...

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11 Apr 2019
Nancy Jalbert
Partner | CPA, CA | Management consulting

Raymond Chabot Grant Thornton acts as exclusive financial advisor to Nature’s Touch on a refinancing transaction.

Founded in 2004 and based in Montréal, Quebec, Nature’s Touch Frozen Foods is Canada’s pre-eminent supplier of frozen fruit products. From very humble beginnings, the Company has never wavered from striving to provide their customers with the highest-quality products.

Today, Nature’s Touch employs over 450 people and processes approximately 120 million pounds of frozen fruits every year in 3 plants strategically located in Montréal (Quebec), Abbotsford (British Columbia) and Front Royal (Virginia).

The Company is also a branded player, having secured the North American license to produce Welch’s frozen fruits in 2010 and operating its own brands, Nature’s Touch and Nature’s Touch Organic. Nature’s Touch has a portfolio of over 100 different SKUs of frozen fruits, blends, smoothie kits and vegetables, both in the conventional and organics spheres.

Nature’s Touch called on Raymond Chabot Grant Thornton’s Corporate Finance team to review and optimize its financial structure. Raymond Chabot Grant Thornton 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.

“It was a pleasure working with Mark, Yasser and their team on our refinancing process. We were working with a tight timeline and they were able to accommodate all our requests, which helped us in closing the transaction as soon as it was possible to do so” states Maxime Boutin, CFO of Nature’s Touch. “Their knowledge of the market was a significant asset in improving our financing structure.”

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Nature’s Touch concludes a refinancing transaction to support growth

To learn more about how Raymond Chabot Grant Thornton can meet your company’s financial advisory needs, 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.

 

11 Apr 2019  |  Written by :

Nancy Jalbert is a partner at Raymond Chabot Grant Thornton. She is your expert in strategic and...

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10 Apr 2019
Nancy Jalbert
Partner | CPA, CA | Management consulting

Raymond Chabot Grant Thornton advises Cannamedical Pharma GmbH on an equity raise to provide growth capital.

Founded in 2016, Cannamedical Pharma GmbH (‘’Cannamedical’’ or ‘’the Company’’) began operations following the legalization of medical cannabis in Germany in March 2017. As a leading independent European Union (“EU”) GMP licensed medical cannabis wholesaler, the Company is licensed to import narcotic medicines into Germany and export across the entire EU territory.

Over years, the Company has built an extensive distribution network across Germany, and employs close to 40 employees in Cologne, Germany and has subsidiaries in Canada, the United Kingdom and Greece.

Cannamedical’s commitment is aimed at safety, reliability and a quality management system that guarantees the highest possible product standards. All production partners must also meet the highest pharmaceutical quality standards worldwide – the so-called GMP guidelines (Good Manufacturing Practice).

Cannamedical called on Raymond Chabot Grant Thornton’s Corporate Finance team to support them with reviewing and optimizing their financial structure in order to access additional liquidity by way of an equity raise.

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Cannamedical concludes an equity raise for growth capital

“I would like to thank everyone at Raymond Chabot Grant Thornton who took part in our project for your professionalism in helping us with our financing’’ states Gianfranco Salerno, Managing Director Cannamedical Pharma Canada Inc. ‘’ Your implication, expertise and know-how, without a doubt, added significant value to our process.”

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

The proceeds from an equity investment by a US and German-based growth equity investment firm will be used to accelerate Cannamedical’s expansion plan across Europe and capitalize on new markets, further consolidating its leading position.

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

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.

11 Apr 2019  |  Written by :

Nancy Jalbert is a partner at Raymond Chabot Grant Thornton. She is your expert in strategic and...

See the profile