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June 30, 2019

Northern Waters Capital Ltd. Acquires Portofino Bakery Ltd.

June 2019

Northern Waters Capital Ltd. acquired Portorfino Bakery Ltd, which operates a wholesale bakery in Victoria, British Columbia, offering a full line of premium breads, buns and specialty pastries. Portofino is a well-established artisanal bakery known for its high-quality products made with clean and simple ingredients.

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

Wildeboer Dellelce LLP acted for Northern Waters with a team that included Nick Gray (corporate), James Padwick (debt products) and Melissa Smith (corporate).