Argosy Partners shoots for $50 mln in launch of Shotgun Fund IV
Toronto private equity firm Argosy Partners is seeking up to $50 million for its fourth shotgun fund, according to a news release. Shotgun Fund IV, like its predecessors, is earmarked for purchases of equity from selling shareholders when a shotgun clause or buy-sell agreement is executed. This specialized financing helps owner-operators of mid-market companies resolve shareholder disputes and gain liquidity. Fund IV's launch follows the winding up of a prior shotgun fund as a result of last month’s sale of Logistik Unicorp, a Saint-Jean-sur-Richelieu, Québec, provider of uniform solutions, to Wynnchurch Capital.
27 September 2018•2 mins read
