Transaction|March 14, 2019

TorQuest acquires Prepac

Torys acted as counsel to TorQuest Partners with a team that included Laurie Duke, Danielle Traub and Jessica He.

On March 14, 2019, TorQuest Partners ("TorQuest") announced the acquisition of Prepac Manufacturing Ltd. ("Prepac").

Prepac will continue to be run by the company's President, Jim Mathison, and the senior management team, all of whom are partner investors in the transaction. Steve Simpson, the company's founder, will also retain a significant investment in the business and will sit on the Board of Directors.

Further information can be found on Canada Newswire's website.

Prepac is a Canadian-based designer and manufacturer of affordable, high-quality ready-to-assemble ("RTA") home furniture sold exclusively through some of the largest online furniture retailers in North America, including Amazon, Wayfair and Walmart.

TorQuest is a Canadian-based manager of private equity funds, with more than C$2 billion of equity capital under management. TorQuest is currently investing from TorQuest Partners Fund IV, a $925 million fund that closed in June 2016.