The Succession Fund


Deal #1: Westmount Storefront Systems Ltd. - January 2008

Westmount Storefront Systems Ltd. prepares, assembles and installs architectural glass windows, entrance systems and aluminum curtain wall framing. Its customers are general contractors building new or renovating existing retail stores, shopping centres and smaller office buildings. Westmount Storefront Systems is specified in many construction tenders as a preferred supplier, which is a distinct competitive advantage. The Company’s primary activities include estimating, drafting, fabricating and installing curtain wall (which is a non load bearing wall of glass with aluminum framing). The customer base is comprised of well known general contractors providing design-build services for the exterior facades of four to six story office and industrial buildings, as well as large retailers such as supermarkets, drug stores and many big-box formats.

Westmount Storefront Systems is located in Kitchener, Ontario, and operates from a state-of-the-art 25,000 sq. ft. fabrication and assembly facility with advanced CNC equipment. The Company is widely recognized as an industry leader for its installation capabilities, on-time delivery track record, quality workmanship, and loyal employees.

When The Succession Fund meets with business owners, many of them are beginning to think about succession planning and ownership transition issues, and realize that it's prudent to address them. The Succession Fund helped Tim Mitchell take some “chips off the table” and became a significant minority equity investor in Westmount. Completing a “chips off the table” transaction with The Succession Fund ensures that family business owners don't have to sell the entire company prematurely or incur additional debt.

For more information about Westmount Storefront Systems please contact Tim Mitchell (President and Founder) or Rino Messore (Vice President and General Manager). Tim Mitchell can be reached at 1-519-570-2850 ext. 24, and Rino Messore can be reached at 1-519-570-2850 ext. 42, or via email at rino_messore@westmountstorefront.ca.

Westmount Storefront Systems

Westmount Storefront Systems Ltd.
20 Riverview Place
Kitchener, ON
N2B 3X8

www.westmountstorefront.ca

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Deal #2: Celtrade Canada Inc. - August 2009

In August 2009, The Succession Fund™ took an equity ownership position in Celtrade Canada Inc. as the result of a partner buyout.

Founded in 1990 and operating from a 60,000 square foot, state-of-the-art facility in Mississauga, Ontario, Celtrade is a wholly-owned Canadian company serving the retail, food services and food manufacturing segments in both Canada and the U.S. with over 170 high-end specialty food products.

Celtrade is one of Canada’s leading developers and producers of award-winning, premium private label cooking sauces, gourmet condiments, innovative garlic-infused oils, specialty dressings and pastes. In addition, the company sources and blends the finest, authentic ingredients from around the world to manufacture products that reflect the best of world regional cuisine. Celtrade is also active in the food services sector and provides development, production and packaging services for branded food products on a co-manufacturing contract basis.

Under the direction of founder and CEO Ron McAvan and Fred Burke, COO and CFO – who are both co-owners of the company – Celtrade’s highly skilled product development team takes pride in creating new and unique products to exploit emerging categories in the market place.

As part of its strategic support for the company, The Succession Fund helped to attract two new Directors with a world of industry experience to the company’s Board:

John A. Rothschild is Chairman and CEO of Prime Restaurants Inc. which franchises, owns and operates branded casual dining restaurants across Canada. He has been a senior officer and member of the Boards of Directors of Prime’s predecessors since 1988.

From 1979 until 1993, he worked for Cemp Investments Ltd. (later Claridge Inc.), rising to become Vice-President of Investments and later President of a subsidiary specializing in investing in small- to medium-sized businesses. John also sits on the boards of directors of several Canadian companies. For many years he served on the Board of Renee’s Gourmet Foods, which was acquired by Heinz, where he worked with Fred Burke.

John has an MBA from the University of Western Ontario and is a Chartered Accountant.

Martin Jamieson is a 25-year international food industry veteran, and a qualified food technologist with a B.Sc. in Food Marketing Management from Sheffield University in the U.K.

Martin began his career in Europe, spending over 12 years in marketing and product development with Associated Fresh Foods Ltd and Northern Foods PLC, both large-scale, multi-faceted food manufacturers. In 1995 he joined Grand Metropolitan PLC, owners of The Pillsbury Company, as head of operations for the U.K. and Ireland. His responsibilities soon included Haagen Dazs Europe, a brand marketed and distributed in 14 European countries. Martin became President of The Pillsbury Company in Canada in 1998 and worked for General Mills following their global acquisition of The Pillsbury Company. In 2002 he was appointed President of Robin Hood Multifoods Inc., a leading Canadian food manufacturer whose parent company, U.S.-based International Multifoods Inc., merged with The  J.M. Smucker Company in 2004.

From 2007 to 2009, Martin was EVP of Loblaw Brands, a $7 billion division of Loblaw Companies, Canada’s leading food retailer. His responsibilities included managing and marketing leading consumer brands in Canada and the global sourcing and development of over 8000 product lines. Loblaw’s is currently Celtrade’s major customer.

Celtrade Canada

Celtrade Canada Inc.
7566 Bath Road,
Mississauga, Ontario,
Canada L4T 1L2


Tel: 905 . 678 . 1322
Fax: 905 . 678 . 1331

www.celtradecanada.ca

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Deal #3: Insception Biosciences - January 2011

Insception Biosciences Inc., operating as Insception Cord Blood Program, is pleased to announce new shareholder support effective immediately.

Management of Insception has teamed with The Succession Fund (managed by Argosy Partners) to acquire the ownership position previously held by the Company’s original venture capital investors, being The New Generation Biotech (Equity) Fund and the Covington Venture Fund (each managed by Covington Capital Corporation).

Insception’s medical and scientific founders and Mount Sinai Hospital continue to be strong, supportive and involved shareholders.  Insception benefits from board representation from those founders, Mount Sinai Hospital, The Succession Fund and senior management. The new Insception Board is focused on growing the business.

About Insception:
Insception Cord Blood Program is Canada’s largest and most established cord blood bank. With over 34,000 cord blood units banked in its state of the art facility and with 19 units released for transplant procedures or regenerative therapy trials, Insception leads the industry with regard to experience, stability, quality, governance and scientific research. Insception has developed partnerships with Mount Sinai Hospital and The Scarborough Hospital for the education of their communities about cord blood collection.

Inscptn_CBP_Tagline_Eng

Insception Biosciences Inc.
1-1620 Tech Avenue,
Mississauga, ON  L4W 5P4

Toll Free:  866.606.2760
Fax: 905.602.8404

www.insception.com

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