Kirk Falconer

At C$600 mln target, Novacap TMT V would be firm’s largest fund Novacap aims to diversify LP base, especially U.S. investors Fund V will hew to firm’s longstanding tech strategy Novacap set a C$600 million ($450 million) target for its fifth mid-market technology fund, which would be the largest in the private equity firm’s 35-year history. […]

Imperial Capital aims for larger deal opportunities Fund VI is largest to date, exceeds Fund V by 70 pct More than 300 LPs signed on to Fund VI Imperial Capital Group, one of Canada’s oldest private equity firms, has raised C$500 million (US$373 million) for its sixth mid-market fund to create fresh opportunities for doing […]

$295 mln Fund IV is firm’s largest; closes 11% above Fund III Fund IV draws 31 LPs, including a dozen new ones Eyes Canada firms bringing products/services to U.S. markets DW Healthcare Partners has signaled an interest in doing more deals in Canada’s healthcare industry with the close of its fourth private equity fund. The Toronto […]

OPTrust: strong PE performance in 2016 Strategic shift favors direct deals, co-investments Gains deal-flow access typical of much larger firms OPTrust has greatly expanded its private equity program, deploying a strategy that gives the midsized pension fund access to opportunities usually available only to larger institutions. OPTrust, which invests on behalf of OPSEU Pension Plan, […]

Melchior, 17-year OMERS veteran, launches VERTU Firm targets capital gap faced by late-stage tech in Canada Constellation Software is a model growth story: Melchior Lisa Melchior, a former managing director of OMERS Private Equity, has launched a new investment firm that targets a key capital gap faced by Canada’s late-stage tech companies. Melchior, a 17-year OMERS […]

Maker of popular outerwear prices IPO in Canada and U.S. Aims to sell 20 million shares at C$14 to C$16 Bain Capital bought Canada Goose in 2013; terms undisclosed Canada Goose, a designer and maker of luxury outdoor apparel, priced its recently filed initial public offering in Canada and the United States. The company plans to […]

Brookfield Asset Management’s private equity group earned more than twice the amount it paid to acquire Maax, a bathroom-fixtures maker recently sold to American Bath. Today, the Toronto investor said it sold Maax to American Bath in January. The buyer, a Savannah, Tennessee, tub-and-shower business, is owned by Lone Star Funds, which acquired it from […]

Institutions keen to invest in agricultural assets AreaOne close to $100 mln Fund III target Lawmakers concerned about foreign, corporate takeovers of agricultural assets AreaOne Farms is nearing the finish line with its third Canadian farmland private equity fund thanks to institutional investors eager to gain access to agricultural assets. AreaOne Farms Fund III is […]

Firm targets $150 mln for litigation-finance fund-of-funds Vehicle is likely first of its kind Targets esoteric and growing litigation-finance strategy Balmoral Wood Litigation Finance launched a $150 million fund targeted at an emerging industry that specializes in bankrolling lawsuits, a person with knowledge of the matter told Buyouts. Balmoral’s fund is earmarked for opportunities in the […]

Penfund beat its original C$525 mln target Fund V is the largest in the firm’s history Firm brought on new LPs Penfund, one of Canada’s oldest private equity firms, wrapped up its fifth mid-market fund, raising C$724 million ($550 million) in committed capital with the help of an expanded investor base. Penfund Capital Fund V shot past […]