Acasta Enterprises raises north of $100 mln in private placement
Acasta Enterprises Inc (TSX: AEF) said it has raised more than $100 million in a private placement in connection with its proposed acquisitions. Last month, Acasta said it will acquire Apollo Health & Beauty Care, JemPak Corp and Stellwagen Finance Co, which together have an estimated enterprise value of about $1.1 billion. The amounts raised include $70 million from new and existing shareholders. Acasta said it also received a proposal for a $160 million credit facility. The Toronto special purpose acquisition corporation (SPAC) is also planning to launch as a private equity firm.
13 December 2016•4 mins read
