Press release | Richter Acted as Exclusive Financial Advisor to Regal ConfectionsOctober 2020
Richter Advisory Group Inc. (Richter) acted as exclusive financial advisor to Regal Confections (“Regal”), in the sale of a majority interest to Clearspring Capital Partners. Founded in Montreal in 1962, Regal is a leading distributor of global candy, chocolate and gourmet foods brands in the nation, employing more than 300 people in four distribution centres, one co-packing operation and one production plant.
Clearspring Capital Partners is a leading Canadian private equity firm that invests in and acquires medium-sized companies. This transaction highlights Richter’s ability to navigate the transaction process, particularly in the current environment, and find the right partners for its clients. Richter would like to congratulate the team at Regal, its Chairman Emeritus Joe Neufeld and President and CEO Hani Basile and wish them success in this next chapter of Regal’s storied history.
Richter is a boutique advisory firm that specializes in advising business owners, their families, corporate executives and key stakeholders. We provide our clients with comprehensive advisory services in the areas of mergers and acquisitions, valuations, strategy, financial restructurings, accounting, tax and wealth management services.
About Clearspring Capital Partners
Clearspring Capital Partners is a leading Canadian private equity firm that invests in and acquires medium-sized companies through buyouts, growth and acquisition financings, going private transactions, industry consolidations, recapitalizations and other types of transactions. Clearspring has raised nearly 600 million dollars in capital since it was founded in 2002.
Clearspring focuses on established and stable industries, such as the food industry, and companies with strong market positions and skilled management teams. The Clearspring team works out of its offices in Toronto and Montreal in close collaboration with the management teams of its portfolio companies in order to ensure the creation of added value.
For more information, visit www.cscap.ca/
About Regal Confections
Regal Confections, known industry wide as “Your Candy Experts”, was founded in Montreal in 1962. It is one of the leading distributors of global candy and chocolate confectionery brands in the nation. Regal manufactures peanut-free and nut-free chocolate products in Quebec under the “Jean-Talon” (CJT) brand (as well as private label and licensed products in Canada and the US). Regal distributes fine imported and domestic gourmet foods under the “Euro-Excellence” (EEX) brand and it creates gift baskets for leading retailers under the “Sweet Expressions” brand. During peak periods, the company employs more than 300 people at six locations. Regal sells through all major distribution channels in Canada (including club, grocery, drugstores, mass merchants, convenience stores, dollar stores, and specialty independent stores).
For more information, visit www.regalcandy.com