TorQuest Partners Inc. has acquired Canadian weight-loss franchise Herbal Magic ULC from Trivest Partners LP, marking its entry into the franchising business.
Information on the Target
Herbal Magic ULC is a prominent Canadian weight-loss franchise known for its unique approach to dietary solutions and health products. Established to provide customized weight-loss programs, Herbal Magic has built a loyal customer base across Canada, offering innovative strategies that cater to individual dietary needs.
Under Trivest Partners LP's previous ownership, Herbal Magic expanded its franchise network and enhanced its operational capabilities. The acquisition by TorQuest Partners Inc. signals a new chapter in the company’s journey, potentially setting the stage for further growth and innovation within the weight-loss market.
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Industry Overview in Canada
The weight-loss industry in Canada has witnessed significant growth in recent years, fueled by increasing health awareness among the population. Canadians are becoming more proactive ab
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TorQuest Partners Inc.
invested in
Herbal Magic ULC
in 2006
in a Other Private Equity deal