Brookfield’s mighty fine year
In the coming weeks, we'll see the wrap-up of Louisiana-Pacific’s buy of Ainsworth Lumber (TSX: ANS), a Vancouver-based manufacturer of homebuilding products. Announced in Sept. 2013, the US$1.1 billion acquisition will once closed be the largest private equity exit from a Canadian-based company in nearly a year. That’ll be a feather in the cap for the PE team at Toronto-based alternative asset manager Brookfield Asset Management (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA), as Brookfield Capital Partners II is Ainsworth's majority owner. As it turns out, the deal was only one of a number of headline-grabbing events that characterized Brookfield’s market activity in 2013.
3 February 2014•4 mins read
