Yellow Point invests in Foley’s Candies
Yellow Point Equity Partners is pleased to announce the closing of an investment in Foley’s Candies (“Foley’s”), a Vancouver-based chocolate manufacturer.
Foley’s has been producing fine quality chocolate and confectionary products for more than 40 years. The company focuses on the bakery ingredient, bulk retail and private label chocolate industry segments. It employs exceptional quality and safety standards, and prides itself on its flexible manufacturing capabilities and strong customer service. Foley’s has grown to become one of Canada’s largest chocolate producers and has also developed a robust set of customers in the US.
“I had several goals in mind when selecting an equity partner” said Brian Hurl of Foley’s. “I was looking for a group that I could trust, that had experience with similar transactions and that would provide support while leaving our team free to run the business’ day-to-day operations. Yellow Point came highly recommended and the transaction process has confirmed their reputation. As a result of this partnership we now anticipate having more flexibility to accelerate our business’ growth and expand our product and service offering.”
“Foley’s has achieved impressive growth in recent years, and customers continue to be attracted to the company’s delicious products and service-oriented model” said Brian Begert, Managing Partner of Yellow Point. “Foley’s is an excellent fit as the second investment in Yellow Point’s fourth fund, which had its final close in late 2015. We are continuing to seek companies which have solid market positions, strong management teams and interesting growth prospects.”
ABOUT YELLOW POINT
Yellow Point Equity Partners has been actively helping its management partners build better businesses for over 12 years. The firm invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies. Yellow Point’s approach is supportive, hands-off with respect to day-to-day operations and active when it comes to strategic decisions and board work.
For more information, please contact us or visit www.ypoint.ca.