Kirk Falconer

Onex Corp raised the target on Fund V after strong demand Held a first close on $5.2 bln in July Onex contributed more than $2.4 bln to the pool Onex Corp has so far raised almost $6.7 billion for its fifth flagship private equity fund, the firm said in an SEC filing. The Toronto investor also […]

Birch Hill Equity Partners’ recent wrap-up of its buy of CCM Hockey signals the start of a potentially fierce contest between hockey brands acquired this year by private equity firms. Birch Hill agreed in July to purchase CCM from Adidas for $110 million in cash and a secured note. The Toronto investor told Buyouts the deal closed last month. A storied, 118-year old […]

Novacap closes largest tech deal to date Pivotal is Montreal payment-processing company Novacap exec: potential for add-ons, expansion to new markets Novacap has closed the largest technology deal in the firm’s 35-year history, teaming up with Caisse de dépôt et placement du Québec to back a payment-processing company. Novacap and the Caisse today announced their investment in Pivotal Payments, […]

Minnesota Board of Investments realized over $1.8 billion in distributions from April 2016 through March 2017, with the wave led by funds from Varde Partners and Merit Energy Partners. In terms of pure distributions, no fund returned more in this period than Varde Fund X. Its $84.7 million in distributions exceeded the next highest returning fund […]

AreaOne Farms Fund III exceeds target by 30 pct Three Canada institutions joined current LP group AreaOne partners with producers in 10-year joint ventures AreaOne Farms wrapped up its third farmland private equity fund, raising C$130 million (US$103 million) thanks to institutional investors seeking initial access to agricultural assets. AreaOne Farms Fund III exceeded by 30 percent its […]

Initial close at 80% of target on Onex Partners V Fund positioned to be the firm’s biggest Fund V would be 14 pct larger than 2014 predecessor Onex Corp held an initial close on fundraising for its fifth flagship private equity fund, securing 80 percent of the $6.5 billion target. In its second-quarter report Onex said […]

Union Square, Varde, Wingate return capital to UTIMCO In 9 months through February, pension received $208.9 mln Wingate distribution helped by Dunn Paper deal During a recent nine-month period, funds managed by Union Square Ventures, Varde Partners and Wingate Partners returned substantial sums to backer University of Texas Investment Management Co. Since inception, UTIMCO contributed a total of […]

Vitamin maker raised C$345 mln in IPO on TSE CCMP now holds ~40 pct of Jamieson Wellness CCMP has broadened Jamieson’s global presence CCMP Capital Advisors earned 3x its investment in Jamieson Wellness following the vitamin maker’s recent initial public offering, two sources with knowledge of the matter told Buyouts. Jamieson wrapped up its IPO on the Toronto Stock Exchange last month, […]

Fund V had target of C$600 million Drew commitments from 50 LPs Previous fund raised C$380 million in 2014 Canadian private equity firm Novacap has closed its fifth mid-market technology fund, securing C$840 million ($667 million) with the help of an expanded base of limited partners. Novacap TMT V exceeded by 40 percent its original goal of […]

David Rogers, former OMERS PE chief, founded Caledon Caledon manages $9 bln assets CBRE deal to build client base, expand geographic presence CBRE Group’s agreement to acquire a majority stake in Caledon Capital Management promises to boost the Toronto investment manager’s access to institutional clients and deals worldwide. CBRE, a Los Angeles real estate firm, last week […]