A consortium of institutional and family investors from the United Arab Emirates and Qatar, led by Dubai-based Trussbridge Investments, has acquired a majority stake in Canadian food producer La Maison Cannelle, a spokesman told Private Equity International.
The consortium will hold a significant majority and control the company's board, the spokesman said. The investment will support the Quebec-based company's organic growth in the artisan gluten-free product sector. The company was founded in 2005 and distributes more than 80 different types of products through supermarket, hotel and retail chains, the statement said.
Trussbridge has presence in both North America and the Middle East, providing a platform for cross-border investments and business joint ventures between the two regions.
“This transaction is a testament to the firm's ability to act as a bridge between companies in North America and investors in the Middle East,” Trussbridge co-managing director Rody Yared said in the statement.
Trussbridge, regulated by the Dubai Financial Services Authority, focuses primarily on markets in the Gulf and Levant regions. Trussbridge Advisory Holding advised on the deal.