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Name
Description
The Bargain! Shop
Equity Financing
The Bargain! Shop, a national retail chain operating in the junior discount general merchandise segment, raised equity financing from Manchester Capital Investment Company, a U.S. based private equity group.
Crosbie arranged the financing, assisted in the negotiations and acted as financial advisor to The Bargain! Shop Holdings and its shareholders.
The Transaction
The Bargain! Shop completed a major private equity financing to facilitate its accelerating growth plans. The investor, Manchester Capital, is based in the U.S. and has particular expertise with retail businesses such as those within The Bargain! Shop's particular niche.
About the Company
The Bargain! Shop is a successful and fast growing Canadian retail chain operating in the junior discount general merchandise segment. The Company operates nationally through approximately 130 retail locations, and is focused primarily on serving smaller population centres.
With a business model similar to that of major U.S. junior discount chains such as Dollar General and Family Dollar, The Bargain! Shop plans to significantly increase its penetration of the Canadian retail landscape over the next few years.
Crosbie's Role
As exclusive financial advisor to The Bargain! Shop, Crosbie arranged this financing, played an active role in negotiations, and provided advice through to completion of the transaction. Crosbie approached approximately 50 private equity groups in the U.S. with specialization in retail, and identified several with expertise in the company's niche. Crosbie also assisted the Company in making a strong presentation of its business case in order to address concerns relating to the competitive landscape in the discount sector of the retail market and the Company's relatively short (four year) operating history under its current format and strategy.
