Alaris Royalty closes largest deal to date, invests $107 mln in SBI

Canadian alternative equity firm Alaris Royalty Corp has invested about $107.1 million (US$85 million) in Sales Benchmark Index LLC (SBI), a Dallas, Texas management consulting business focused on sales and marketing. The deal, which involves the largest capital contribution by Alaris in its 13-year history, gives the investor US$11.1 million of distributions in the first 12 months following the close. Matt Sharrers, CEO of SBI, said the funds raised will support his company's growth plans. Calgary's Alaris specializes in investing risk equity that leaves control of mid-market business partners in the hands of existing owners.

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