IAM’s private debt group lends $28 mln to Alaris-backed SMi

IAM Private Debt Group has provided a $28 million senior term loan to The SM Group International Inc (SMi), a Montréal-based engineering, integration and construction management company. The funds raised will be used by the company to replace current bank facilities and support continued growth. SMi is a portfolio investment of Alaris Royalty Corp, a Canadian alternative equity firm. Alaris reports investing $40.5 million in the business since 2013. IAM Private Debt Group is a division of Integrated Asset Management Corp (TSX: IAM), a Toronto alternative investments manager.

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