|Renaissance Mergers & Acquisitions is pleased to announce that the Pacific Institute of Culinary Arts (PICA Holdings Incorporated) has been acquired by Arius Investments Ltd.
Founded in 1997 the Pacific Institute of Culinary Arts (PICA) is Vancouver’s Premier Culinary Centre. This accredited, private and co-educational culinary institute provides students with world-class training in a setting filled with both cultural and recreational opportunities. PICA offers everything from casual classes to wine programs, an award winning Bistro 101 Restaurant & Bakery 101 Café, a wide array of corporate events & catering, and a Professional Diploma Program.
After a robust and competitive go to market process the successful purchaser was Arius Investments Ltd. Arius is the investment vehicle for famed Canadian food entrepreneur Yves Potvin who founded both Yves Veggie Cuisine and Gardein.
The combination of PICA’s exceptional history of delivering premier culinary training and Yves Potvin’s expertise, industry contacts and resources will undoubtedly lead to tremendous future success.
It was Renaissance Mergers & Acquisitions pleasure to serve as the sell-side advisor to PICA on this transaction.
Deal team: Mike McIsaac, Kevin Shaw and Arneh Khatchatourians