Transaction details

Food manufacturing and distribution

KPMG Corporate Finance acted as financial advisor to the shareholders of Portofino Bakery Ltd. (Portofino) on its sale to Northern Waters Capital Ltd. (Northern Waters).

Founded in 2004, Portofino operates a wholesale bakery in Victoria, British Columbia, offering a full line of premium breads, buns and specialty pastries. Serving local businesses, as well as national retail chains, Portofino is a well-established artisanal bakery known for its high-quality products made with clean and simple ingredients.

Northern Waters invests in mid-market private companies that exhibit significant growth characteristics. Established in 2018, Northern Waters aims to form long-lasting partnerships by actively working to grow companies by providing financial and strategic support.

KPMG deal team

KPMG Corporate Finance

Portofino Bakery

on its sale to

Northern Waters Capital

June 2019

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