Banyan Capital Partners

Banyan Capital Partners is a private equity firm based in Toronto, Canada, specializing in investments in middle-market companies across various sectors, including healthcare, consumer goods, manufacturing, and specialty retail. Founded in 1999, the firm focuses on later-stage investments such as buyouts, growth capital, and recapitalizations, primarily targeting established private and public companies in North America, with an emphasis on Canada and the United States. Banyan seeks to invest between CAD10 million and CAD50 million in companies with enterprise values ranging from CAD20 million to CAD200 million. The firm also engages in special situations, including balance sheet restructuring and management transitions. While Banyan Capital is industry-agnostic, it avoids investments in real estate, commodities, and high-tech sectors. The firm adopts a long-term investment strategy, willing to hold stakes indefinitely, and is open to acquiring both majority and minority positions in its portfolio companies. Additionally, it has the capacity to pursue larger investments in collaboration with co-investors.

Marat Altinbaev

Vice President

David Beaumont

Vice President

Simon Gélinas

Managing Director

Chris Luongo

Senior Associate

Matthew Segal

Managing Director

Igor Verechaka

Senior Associate

31 past transactions

Innovative

Private Equity Round in 2022
Innovative is a marketing and advertising company providing marketing communication services.

Familyone

Seed Round in 2018
Familyone is a community community platform, positioned as "good goods are not expensive", and separated from the low-cost strategy area. Select high-quality and good goods, continuously improve the efficiency of the supply chain, and achieve the ultimate cost performance.

Rack Attack

Acquisition in 2017
Rack Attack is a specialty retailer based in Vancouver, British Columbia, dedicated to the sale, installation, and servicing of automotive racks and hitches. With eleven store locations throughout North America, the company offers a wide range of products, including bike, car, ski, and water-sport racks and accessories. Rack Attack enhances its retail operations with a strong online presence, ensuring customers have access to quality vehicle racks and related gear. The company prides itself on having knowledgeable staff who provide customized solutions, as well as top-notch service and installation capabilities, catering to the diverse needs of its clientele.

Winking Studios

Series C in 2017
Winking Art Pte. Ltd. is a game development and art outsourcing company specializing in providing comprehensive art services and animation production. Founded in 2000, the company has its headquarters in Shanghai, China, with regional offices in Taipei, Taiwan, and Nanjing, China, as well as additional locations in Europe, Japan, and the United States. Winking Art offers a range of services, including 2D and 3D artwork, pixel artwork, concept design, and UI design. It also focuses on character and environment development and provides advanced animation services such as motion capture and in-game cinematic animations. The company develops role-playing and virtual reality games for platforms like Sony PlayStation and Nintendo Switch, distributing its products globally.

Geek+

Series A in 2016
Geek+ has delivered the largest numbers of logistics robots among its peers in China. The company's customers include e-commerce platforms, third-party logistics providers, express delivery companies, offline retailers and manufacturers of apparels, pharmaceuticals, automobiles and electronics products. Geek+ has also established strategic partnerships with a number of key customers to co-develop customized AI and robotic solutions across different industries and applications.

Pinduoduo

Series A in 2015
Pinduoduo operates an e-commerce platform in China, allowing users to engage in group buying deals primarily through Tencent's WeChat app. Founded in 2015 and headquartered in Shanghai, Pinduoduo offers a diverse range of products including apparel, electronics, household goods, and food items. The platform aims to facilitate access to the digital economy for local communities and small businesses, enhancing productivity and creating new opportunities. Pinduoduo has developed a robust network of sourcing, logistics, and fulfillment capabilities to support its operations and improve customer experience.

Testin

Series B in 2015
Testin is the global leader in One-Stop-Application cloud testing services for applications such as web, mobile web, H5, native mobile APP, Lite APP, mobile games, VR/AR, wearable, AI, smart home, smart driving, IoT and industrial APP developers to provide the necessary one-stop testing services and quality assurance. Testin is the disruptor of the traditional software testing service mode, combine AI automated real device SaaS testing, crowdsourcing testing, full stack security testing and continuous big data analysis, succeeded not only in capturing the domestic market of China but also in sett its foot of the global arena, has now continued to serve more than 800,000 developers with their 2.3+ million APPs, branding clients including most tier 1 internet entities and McDonald’s, Nestle, Starbucks, Daimler, BMW, Philips and Kabam, etc. Testin has been certified by ISO9000, ISO27001, ISO20000, ISO17025, CMMI3 and CNAS, aims to help developers to build confidence in their applications and ensure a good user experience. Testin has secured US$84.9 million in 3 rounds of IDG, Banyan, Haiyin, and CEL. Testin has been recognized as 2015 and 2016 Deloitte High-Tech & Growth Top 50 China, Red Herring Finalist 2014 Asia 100, 2015 Global 100 and 2017 Red Herring Global 100 Winner.

Diandao

Series A in 2015
Diandao, an on-demand service that brings qualified professionals to your doorstep.Diandao only has massage therapists available in Beijing and Shanghai at the moment, which highlights how tough it is to expand these kinds of services across a nation.

Genshuixue

Series A in 2015
Genshuixue is an online education platform based in Beijing, China, that enables users to search for a wide range of courses in various fields and subjects. Founded in 2014, the platform caters to both local and online learning opportunities, making education accessible to a broader audience. As a subsidiary of GSX Techedu Inc., Genshuixue focuses on providing comprehensive course options to meet the diverse educational needs of its users.

700Bike

Series A in 2015
700Bike Inc. is an online platform based in Beijing, China, dedicated to promoting cycling culture and lifestyle. Founded in 2012, the company aims to blend fashion and trend with cycling, encouraging a modern approach to exercise and transportation. It serves as a community hub for cycling enthusiasts, fostering a deeper appreciation of bicycle culture through various events and media initiatives. Over its early years, 700Bike established itself as a pioneer in the cycling media sector, hosting influential events that attracted nearly 10,000 participants. In addition to its cultural initiatives, 700Bike also designs and manufactures a range of innovative bicycles that cater to the growing consumer demand for stylish and practical cycling options.

BeiBei

Series C in 2015
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates an e-commerce platform specializing in maternal and infant products. The company offers a wide range of everyday discount sales for women's and children's clothing, accessories, diapers, household goods, and toys. BeiBei aims to position itself as a leading technology retail platform, leveraging the expertise of its founding team, which has roots in Alibaba. The company has attracted significant venture capital investment from prominent firms, further supporting its growth in the competitive e-commerce sector.

Huami

Series B in 2014
Launched in 2014, Huami is the top #1 wearable device company in the world, ahead of Apple and Fitbit, with over 50 million units sold. Huami's mission is to seamlessly connect biomechanical signals and daily activities with smart data services to promote healthy living and to make our lives easier. The product line of fashionable activity trackers and smartwatches under the Amazfit brand, including the Pace, Arc, Cor, Bip, Moonbeam and Equator, effortlessly track activity without sacrificing style. Huami is the exclusive provider of wearable technology for Xiaomi and maker of the Mi Band. Huami has raised $35 million from Sequoia Capital, Shunwei Capital Partners, Banyan Capital, Morningside Ventures and Xiaomi. The company is privately-held and headquartered in Beijing and and Mountain View, CA.

Moov

Series A in 2014
Moov Inc. specializes in developing wearable fitness solutions that enhance workout quality through real-time audio coaching and advanced motion tracking. Founded in 2014 and based in Mountain View, California, Moov offers a device compatible with various activities such as running, cycling, cardio boxing, and swimming. The device utilizes artificial intelligence and incorporates sport science research from institutions like Harvard and Stanford to provide users with feedback on their physical motion. By syncing with a smartphone, Moov delivers coaching instructions and performance analysis, allowing both professionals and beginners to optimize their training sessions effectively.

Shequ001

Series B in 2014
Shequ001, a Chinese e-commerce site that specialises in rapid delivery. Shequ001 helps supermarket partners to deliver merchandise to consumers, getting goods to the door usually in around one hour. Instead of managing merchandise itself, Shequ001 leverages resources of local partners and assists them with an in-house delivery team. Shequ001 sources its goods from local stores, tapping into their expertise in warehousing and inventory.

BeiBei

Series B in 2014
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates an e-commerce platform specializing in maternal and infant products. The company offers a wide range of everyday discount sales for women's and children's clothing, accessories, diapers, household goods, and toys. BeiBei aims to position itself as a leading technology retail platform, leveraging the expertise of its founding team, which has roots in Alibaba. The company has attracted significant venture capital investment from prominent firms, further supporting its growth in the competitive e-commerce sector.

Newcrete

Acquisition in 2014
Manufacturer and supplier of ready-mix concrete and masonry products intended to serve residential, commercial and industrial clients. The company offers high-strength, heavy-weight concretes for bridged, overpasses and wharves, which are produced in a fully automated block production facility, enabling clients to get commercial mixes at competitive prices as per their requirements.

Dyad

Seed Round in 2014
Dyad is a digital platform based in Shanghai, China, that assists high school students in studying abroad at universities. Founded in 2012, the company offers a range of services aimed at navigating the university application process. These services include mentorship in university applications, time management skills development, effective study techniques, extracurricular planning, and internship application support. Additionally, Dyad provides guidance on creating target school lists, managing application timelines, and preparing personal statements and CVs. The platform also facilitates interview preparation and offers structured feedback, scholarship support, and assistance in comparing university acceptances. Through its mentorship model, Dyad has helped students secure over $27 million in scholarships to prestigious institutions, utilizing a comprehensive online library of resources and tools for face-to-face interaction.

MIP

Acquisition in 2013
MIP UK Ltd is a manufacturer and distributor specializing in reusable healthcare textiles and related products tailored for the healthcare industry in the UK. The company offers a diverse range of items, including patient and staff apparel, clothing protectors, bedding, mattresses, pillow protectors, towels, underpads, carts, bags, and repositioning devices. MIP is committed to delivering high-quality products while ensuring the lowest cost per use for its customers, focusing on meeting the specific service requirements of the healthcare community.

Purity Life Health Products

Acquisition in 2012
Purity Life Health Products LP is a Canadian distributor specializing in natural health products and eco-friendly household goods. Founded in 1984 and located in Acton, the company provides a diverse array of items, including face creams, homeopathic medicines, dental care products, organic superfoods, and beauty nutrients. Purity Life serves a variety of retail outlets, such as health food stores, pharmacies, and practitioners, ensuring the availability of its products across Canada. Additionally, the company offers online shopping, making it easier for consumers to access its extensive selection of vitamins, supplements, and nutraceuticals, all designed to promote natural healthy living.

Bevo Agro

Post in 2009
Bevo is the largest supplier of propagated plants in North America, providing greenhouses, field farms, nurseries, and wholesalers across the continent with healthy, vigorous, pest-and-disease-free plants.Plant propagation is a system under which seedlings are nurtured to the ideal level of development for finished growth in greenhouses. Each seedling is cultivated in a specific controlled temperature, nutrient, fertilizer, light and moisture environment to ensure the highest quality plant. Bevo’s main products are vegetable plants such as tomatoes, peppers, lettuce, and cucumbers, along with other plants such as bedding plants, flowers, trees, berries, and grasses.

Genoa

Debt Financing in 2007
Genoa Healthcare, LLC, operating under the name Genoa, provides specialized pharmacy and telepsychiatry services primarily for the behavioral health and addiction treatment communities in the United States and the District of Columbia. Founded in 1999 and based in Renton, Washington, the company operates over 325 pharmacies that fill more than 10 million prescriptions annually. Genoa offers a range of services including on-site pharmacy operations, medication management, refill synchronization, and telepsychiatry, catering to the needs of individuals with behavioral health and substance use disorders. The company collaborates with nonprofit community mental health centers to ensure comprehensive care for patients, including those dealing with conditions such as schizophrenia. Genoa’s flexible service models are designed to adapt to various behavioral health and primary care delivery systems, impacting over 500,000 individuals each year.

Shanahan's Limited Partnership

Debt Financing in 2007
Shanahan's Limited Partnership is a manufacturer and supplier of commercial construction specialty products, primarily operating in Canada and the United States. The company provides a wide range of products, including access control and building security integration systems such as biometric readers, electric locks, and CCTV systems. Additionally, it offers various hardware items, including automatic door operators, door closers, and hollow metal doors and frames. Shanahan's also distributes washroom accessories, metal toilet partitions, and specialized doors like folding partitions and rolling shutters. The company serves diverse sectors, including institutional, commercial, industrial, and multi-family residential construction. Established in 1928 and headquartered in Surrey, Canada, Shanahan's operates through a network of dealers and maintains sales offices across several Canadian cities and in Redmond, Washington. The firm is recognized as the exclusive Canadian distributor of ABUS security products and other third-party hardware.

Corix

Acquisition in 2006
Corix is a company that provides sustainable infrastructure services focused on drinking water, wastewater processing, and energy solutions. It specializes in designing, supplying, building, installing, financing, and operating utility infrastructure systems tailored for small to medium-sized communities across North America. The company serves a diverse client base, including municipal, institutional, military, and private sectors, aiming to enhance local utility systems. By offering comprehensive services, Corix supports the development and maintenance of essential infrastructure that ensures reliable access to water and energy resources.

Syscon Justice Systems

Venture Round in 2006
Syscon Justice Systems Canada Ltd. specializes in providing comprehensive offender and case management software solutions tailored for correctional agencies globally. Founded in 1980 and headquartered in Richmond, Canada, the company develops a range of software products, including WorkflowJAIL, WorkflowPRISON, EliteJAILS, ElitePRISONS, EliteCOMMUNITY, and Elite Financials. These solutions support the management of incarcerated individuals, community supervision, and financial operations, as well as medical records and assessments. Syscon's offerings also include professional services such as project management, data conversion, and training. The company's client base encompasses various correctional entities, including jails, prisons, and probation services, aiming to enhance operational efficiency and public safety. Syscon Justice Systems operates additional offices in Vancouver, Toronto, Folsom, London, and Sydney, and is a subsidiary of N. Harris Computer Corporation.

Q'Max Solutions

Acquisition in 2006
Q'Max Solutions Inc. specializes in providing drilling fluids and environmental solutions for the oil and gas industry, serving both onshore and offshore operations. Founded in 1993 and headquartered in Houston, Texas, the company offers a range of products including alkalinity control agents, bactericides, corrosion inhibitors, and various other chemical solutions essential for drilling operations. In addition to its product offerings, Q'Max Solutions provides technical services, waste management, and wellbore cleanup, aimed at optimizing drilling efficiencies and performance for clients. The company operates in multiple regions, including Canada, Mexico, Ecuador, Colombia, Peru, Africa, and India, and functions as a subsidiary of Fluid Holding Corp.

Tartan Canada

Acquisition in 2006
Tartan Canada Corporation, based in Calgary, provides a range of maintenance, turnaround, and construction services tailored for the energy and heavy industrial sectors in Western Canada. Founded in 1953, the company specializes in plant and field maintenance, offering services such as personnel planning, emergency repairs, and the maintenance of piping and rotating equipment. Tartan also manages shutdowns and turnarounds, which include mechanical services and insulation. Additionally, the company handles heat exchanger services, including component disassembly, cleaning, and pressure testing. Tartan Canada further extends its capabilities by providing construction services for both plant and field operations, as well as pipeline and mechanical construction. Their fabrication services cover pipe stool and structural steel fabrication, skid packages, and module assembly. Tartan Canada Corporation operates as a subsidiary of Stuart Olson Inc.

Fios

Venture Round in 2005
Fios, provides electronic discovery management services for corporations, law firms, and litigation support companies. It offers electronic discovery services, such as evidence collection, processing, review, and production. The company also provides litigation readiness services, including litigation readiness assessment, electronically stored information content mapping, legal hold protocols, discovery response planning, FRCP 26(f) discovery conference preparation, discovery response staffing, discovery technology requirements, and information governance services. In addition, it offers project management processes, and procedures and technology services; and technology assessment consulting services. Further, Fios, Inc. operates information portals on e-discovery and compliance. The company was formerly known as Litigation Data Corporation and changed its name to Fios, in 1999. Fios was founded in 1999 and is headquartered in Portland, Oregon with additional offices in Dallas, Texas; and New York, New York.

Party Packagers

Debt Financing in 2005
Party Packagers, Inc. engages in the retail of party supplies, balloons, catering supplies, decorations, gifts, toys, loot bags

Party Packagers

Private Equity Round in 2005
Party Packagers, Inc. engages in the retail of party supplies, balloons, catering supplies, decorations, gifts, toys, loot bags

G.W. Anglin Manufacturing

Acquisition in 1991
Manufacturer, designer and installer of diverse parts and aftermarket truck and van equipment for automotive, construction, pharmaceutical, education, food and beverage and general fabrication industries. The company's capabilities include laser, punching, CNC (computerized numerical control) milling, CNC press brake, manual and robotic welding, zinc plating, e-coat, wet paint and powder coating as well as advanced engineering, design, fabrication, assembly, project management, prototyping, installation, documentation, quality systems and procedures.
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