Counsel divests most holdings of Knight's Bridge Capital Partners Fund
Counsel Corp (TSX: CXS) has divested most of the core holdings of Knight's Bridge Capital Partners Fund, the mid-market private equity fund managed by its subsidiary Knight's Bridge Capital Partners (KBCP). Significant holdings which have been sold or are available for sale include Authentic Brands Group LLC, which KBCP and Leonard Green & Partners backed in 2010. KBCP exited Authentic Brands in 2014, along with Polaroid Corp. The remaining significant fund asset is an interest in Robert Graham Designs LLC. The Toronto-based Counsel announced in 2013 that it planned to divest its non-core businesses in order to focus exclusively on financial services.
10 February 2015•3 mins read
