Cortec’s new $1.1 bln fund to target Canadian mid-market deals

U.S. private equity firm Cortec has closed its latest fund, Cortec Fund VI LP, at a hard cap of US$1.1 billion. The fund, which invests in mid-market specialty healthcare, consumer and engineered products, and value-added distribution and service businesses, has targeted Canada for potential opportunities. Canadian companies that currently reside in Cortec’s portfolio include Canadian Hospital Specialties, which the New York-based investor acquired from Hammond, Kennedy, Whitney & Co in 2013.

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