Fulcrum, Brookfield win CVCA's 2014 PE deal of the year
Fulcrum Capital Partners and Brookfield Asset Management have both received the 2014 "Deal of the Year" award in the private equity category from Canada’s Venture Capital & Private Equity Association. Fulcrum won for last year's sale of Edmonton-based A&B Rail Services Ltd to a TorQuest Partners-led investor group, giving the firm total cash proceeds of $137 million, or 14.3x invested capital, and a 74.2% IRR. Brookfield was awarded for last year's sale of U.S.-based Longview Fibre Paper and Packaging Inc to KapStone Paper and Packaging Corp, giving the firm total proceeds of $1.1 billion, and generating an IRR of 69.6%, representing a 10.0x return on invested capital of $114 million.
22 May 2014•6 mins read
