.
MergerLinks Header Logo

New Deal


Announced

Completed

Coachwood Group completed the acquisition of BioSteel from Canopy Growth for $22m.

Financials

Edit Data
Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Majority

Private

Completed

Personal Products

Canada

dietary supplements

Acquisition

Private Equity

Friendly

Single Bidder

Synopsis

Edit

Coachwood Group, a private equity firm, completed the acquisition of BioSteel, a dietary supplements company, from Canopy Growth, a cannabis company, for $22m. "With the completion of these two sale transactions, we have completed another critical action to focus Canopy Growth's business on our core cannabis operations and can now realize the proceeds of sale to further improve the Company's balance sheet. We wish the new owners the best in the future operation of the brand and assets," Judy Hong, Canopy Growth CFO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US