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Topcuts interested in more acquisitions, but targets scarce; adding scale through buys could attract suitor, investor says
January 25, 2013
Topcuts, a privately held Toronto, Canada-based chain of hair salons, is interested in more buys, although targets are scarce, said Brad Nathan, president at Lynx Equity. Topcuts in January acquired children’s hair care chain Melonhead, bringing its store count to 36 from 19. Lynx Equity has backed Topcuts, with about USD 10m in revenue, for five years, said Nathan. The company would “love” to make more acquisitions in Canada, but the hair salon industry is made up of many individual players. Chains are hard to come by, although there are “a few here and there with five or 10” locations, […]
Press
Lynx Equity Limited’s Subsidiary, Topcuts Inc., Completes the Acquisition of Melonhead Corporation
January 21, 2013
Toronto, January 21, 2013- Lynx Equity Limited’s (“Lynx”) subsidiary, Topcuts Inc. (“Topcuts”), is excited to announce its acquisition of Melonhead Corporation (“Melonhead”). Melonhead is the 20th company in the Lynx portfolio, and second chain of hair salons, in addition to Topcuts. “Topcuts is extremely pleased to have completed the purchase of Melonhead and welcomes its employees to the Lynx team,” stated Brad Nathan, Lynx’s President. “The Melonhead acquisition presents a very synergistic opportunity with Topcuts and we look forward to integrating the two, allowing us to capitalize on the strengths of both companies.” About Melonhead Corporation Melonhead is a chain of […]
Press Releases
Want him to buy your business? Treat your waiter well
December 21, 2012
Brad Nathan’s company, Lynx Equity Ltd., is a private equity firm specializing in buyouts of small– to medium-sized businesses. But don’t confuse him with that guy from Pretty Woman. He doesn’t do hostile takeovers like Richard Gere’s greedy financier character. Instead, Lynx Equity focuses on transactions from retiring business owners, usually with a transition management plan if the owners want to stay on board. The 44-year-old president and CEO sees it as more of a Warren Buffett approach – but with a lot fewer zeros. “We’re a buy-and-hold type business that likes to do friendly transactions when someone is looking to retire,” […]
Press
Lynx Equity Limited’s subsidiary, Of Things Past, opens its second location
November 27, 2012
Lynx Equity Limited (“Lynx”) is pleased to announce that its subsidiary, Of Things Past, will be opening up their second location in December. Located at 1096 Yonge Street, in the heart of Rosedale- one of Toronto’s most desirable shopping districts, the boutique will showcase a curated selection of Of Things Past’s finest consignment furniture and accessories. Gift items from notable brands such as Jonathan Adler, Voluspa and Aromachology will also be featured. Of Things Past Rosedale is pleased to welcome the Carole Tanenbaum Vintage Collection presenting a Pop Up Shop of jewellery and handbags, all carefully selected for holiday gifting […]
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