FA Capital closes $100 mln credit facility with Sagard Holdings

Founders Advantage Capital Corp (FA Capital) has closed a $100 million senior secured credit facility with the credit subsidiary of Sagard Holdings. The deal's proceeds will be used to repay FA Capital's existing senior indebtedness, make additional acquisitions, and for other priorities. Based in Calgary, FA Capital is focused on making majority-interest acquisitions of cash-flow positive mid-market companies. Sagard is a debt and equity investment firm affiliated with Canada's Power Corp.

ManagersCanadaNorth AmericaBriefs