Auxo recaps UCIT with Egis Capital Partners investment
Canadian private equity firm Auxo Management has completed a minority equity recapitalization of its portfolio company UCIT Online Security, a Mississauga, Ontario-based provider of tailored solutions for security installations, system maintenance and video monitoring. The deal involved a new investment by U.S. private equity firm Egis Capital Partners, which targets opportunities in security and homeland defense sectors. The value of the transaction was not disclosed. Auxo, which invested in UCIT in 2011, said the recapitalization is the first exit of a Canadian search fund. Torys LLP's Michael Akkawi and Sophia Tolias recently discussed the rise of search funds in the domestic market in a feature article for peHUB Canada.
7 July 2014•3 mins read
