Dundee Sarea raises $112.5 mln in launch of special situations fund
Dundee Sarea, a private equity firm affiliated with Canadian holding company Dundee Corp, has secured an initial $112.5 million for its inaugural Dundee Sarea Acquisition 1 LP. The fund, which is targeted to raise over $200 million, reflects a partnership with the Caisse de dépôt et placement du Québec and RJR LP 2014, a Renaud family vehicle. Dundee Sarea plans to invest in mid-market companies in turnaround mode in North America and Europe. It will focus on manufacturing, distribution, industrial products, agriculture, energy and forestry-related industries. Fund I has made its first investment in Redecam Group, a U.S.-based air filtration business in the process of restructuring.
8 October 2015•3 mins read
