CPPIB PE pro Erik Levy joins Acasta as managing partner

Acasta Enterprises Inc (TSX: AEF), a Canadian special purpose acquisition corporation, has hired Erik Levy as a managing partner. Acasta, which plans to launch a private equity operation this year, said Levy joins Anthony Melman and Michael Liebrock as the operation's founding partner. He will also support strategic initiatives and corporate development for Acasta portfolio companies. Levy previously served as a senior principal in the direct private equity group of Canada Pension Plan Investment Board (CPPIB). Earlier in 2017, Acasta closed its qualifying acquisition, buying three businesses for $1.1 billion.

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