20 Feb 2019

Raymond Chabot Grant Thornton advises Olly Fresco’s Canada on a growth capital financing transaction

Olly Fresco’s is a leading prepared food market concept, geared towards urban core professionals with a mission to be the neighbourhood’s “go to” breakfast and lunch favourite.

In 2009, they opened their first location in Calgary. Today, they have grown to 11 locations across the country in Canada’s busiest urban business centres while serving over 20,000 customers daily.

Olly Fresco’s offers prepared hot meals and sandwiches, vegan food and other made-to-order lunches and dinners, all provided in an efficient check-in-to-check-out experience.

The Company will use the capital obtained to accelerate its expansion plan across Canada and plans to more than double the number of stores by 2020.

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Olly Fresco’s Canada.

‘’Raymond Chabot Grant Thornton accompanied Olly Fresco’s in our first capital raise. Yasser, Saki, Rachel and the Raymond Chabot Grant Thornton team were knowledgeable, professional and courteous.’’ states Dany Bitar, President. ‘’They brought value and options and helped us choose the right partner for our growth plan. We look forward to working with the Raymond Chabot Grant Thornton team again in the future.’’

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, advisory services 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.

Our deal team for this transaction:

Yasser Waly
Saki Tzanidis
Rachel Goldberg

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18 Feb 2019

Raymond Chabot Grant Thornton Advises Groupe Touchette on a Growth Financing Syndicated Loan Transaction

Founded over 40 years ago with the opening of a single garage, Groupe Touchette (“Touchette “) has built on its industry knowledge, expertise and stellar management team to become the largest Canadian owned tire distributor in the country.

With access to a vast choice of premium brands and tire models, Touchette operates from over 30 distribution centers throughout the country with nearly half being established in the last 24 months alone. Thanks to a solid infrastructure, a deep understanding of the industry and its workforce of over 500 employees, Touchette has the capacity to offer delivery services in 90 of the 100 largest cities, coast to coast, in under three hours.

A unique one-stop shop business model, a broad offering of products and tailored services, engineered complementary sales channels providing unique solutions are all attributes describing this industry leading national group. In-house programs such as their Alliance Program offers a full-fledged tire management service focused on increasing sales, improving tire category profitability as well as enhancing the overall customer experience for dealers that partner with Groupe Touchette.

Groupe Touchette 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 to consolidate and further reinforce its position as market leader.


“Raymond Chabot Grant Thornton’s corporate finance team played a key advisory role in providing sound expert advice at every stage of our financing transaction. The support and know-how of Raymond Chabot Grant Thornton’s corporate finance team allowed us to optimize our financing structure while concurrently realizing a significant acquisition by the Touchette Group’’ states Frédéric Poussard, Chief Financial Officer – Touchette Group. “It was a seamless process of collaboration and true team work. We would not hesitate to call upon their services in the future.”


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, advisory services 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.

Groupe Touchette - RCGT - Transaction

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15 Feb 2019

Bookkeeping is both a legal obligation and a fundamental management tool which can prove to be a complex task for some entrepreneurs.

Oftentimes, bookkeeping may be neglected due to a lack of time or internal resources or simply because accounting standards are difficult to grasp.

What exactly is bookkeeping?

  • Accounting for current transactions;
  • Filing government reports;
  • Reconciling accounts.

Several deadlines must be met, for example to file tax forms, deductions at source and commodity tax reports.

A healthy business requires an organized and accurate bookkeeping system.

By working with our bookkeeping experts, you can:

  • Obtain an overview of your business’s financial results;
  • Avoid late filing penalties with respect to deductions at source and remittances;
  • Avoid uncertainty and the resulting errors;
  • Save time when preparing your financial statements;
  • Closely monitor your business’s financial health;
  • Take advantage of all the credits you are entitled to;
  • Offset a staff shortage.

Our goal is to advise you and support your business’s growth. You can trust our experts to provide rigorous and efficient bookkeeping assistance.

Tenue de livres - Estrie - Marie-Eve Lacroix, Sophie Grenier, Chantal Lacasse

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14 Feb 2019

Does your business perform manufacturing and processing activities? Are you considering acquiring production equipment or computer systems for your processes, particularly as part of your 4.0 manufacturing strategy? You should do it in 2019.

The Quebec investment tax credit (QITC) for manufacturing and processing equipment has been enhanced and is now available for ALL Quebec regions with some very attractive benefits.

The temporary increase in the QITC announced by the Quebec government on August 15, 2018 (increase applicable to property acquired after August 15, 2018 and before January 1, 2020) is designed to support the expansion and productivity improvements of businesses investing in manufacturing and processing equipment.

QITC tax rate

The QITC tax rate is at least 10% (20% for the metal processing sector) and can be as much as 45% for some Quebec regions (provided the corporation is entitled to the increased rates, otherwise it would be 5%) (see the table below).

The applicable credit rate depends on the location and timing of the investment as well as other factors:

  • The size of the business (global paid-up capital);
  • Whether the corporation qualifies as a metal processing corporation (based on the overall payroll);
  • Eligible property (is new and used exclusively in Quebec):
    • Internally designed and manufactured equipment for the business’s own use may qualify;
  • Eligible related expenditures;
  • Optimizing eligible expenditures ($12,500 exclusion threshold per property).

While it may be advantageous, the QITC is a complex tax measure that is closely scrutinized by Revenu Québec.

Our canadian tax experts can support your processes in order to maximize the QITC during the preliminary analysis, optimization, documentation and filing of the application, assisting during the audit and much more…

Not only can they help you achieve savings by ensuring you have everything you need to claim the credit, they would be more than pleased to advise you on the additional capital cost allowance, accelerated capital cost allowance and any other matter to help reduce your tax burden. Contact us.

The following table presents the QITC for businesses with a paid-up capital under $250 million.

Tableau anglais CIIQ

  1. The remote zones consist of the following administrative regions: Abitibi-Témiscamingue, Côte-Nord, Nord-du-Québec and Gaspésie–Îles-de-la-Madeleine.
  2. The eastern portion of the Bas-Saint-administrative regions includes the following Regional County Municipalities (RCM): La Matapédia, La Mitis and La Matanie.
  3. The intermediate zones include the following administrative regions and RCMs: Saguenay–Lac-Saint-Jean administrative region, Mauricie administrative region, Antoine-Labelle RCM, Kamouraska RCM, La Vallée-de-la-Gatineau RCM, Les Basques RCM, Pontiac RCM, Rimouski-Neigette RCM, Rivière-du-Loup RCM and Témiscouata RCM.

This article was written in collaboration with Kim Joyal Lamarche.