Acasta closes $1.1 bln acquisitions of Apollo, JemPak, Stellwagen
Acasta Enterprises Inc (TSX: AEF) has closed its acquisitions of Toronto consumer staples companies Apollo Health & Beauty Care and JemPak Corp, as well as Irish aircraft leasing company Stellwagen Finance Co. The $1.1 billion round of deals was announced in November. Concurrent with the closing, Acasta completed a private placement offering that raised about $160 million from shareholders, new investors and founders. Acasta, a special purpose acquisition corporation (SPAC), plans to launch as a private equity firm this year.
3 January 2017•3 mins read
