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Going long: Why Altas Partners and OPTrust invested in St. George’s UniversityGrenada's St. George’s University (SGU) was a couple of weeks ago the focus of a US$750 million control-stake transaction involving an investor group led by Canadian private equity firm Altas Partners and a fund advised by Baring Private Equity Asia. Altas partnered with OPTrust Private Markets Group in the SGU deal, which is its second since the firm's launch in 2012 by former Onex Corp managing director Andrew Sheiner. It marks an important step for an investor that has sought to blaze a new path in PE dealmaking.
Baring, Altas sign $750m dealThe private equity pair has invested in St. George’s University, Grenada
Altas Partners, Baring invest in Grenada's St. George’s UniversityAn investor group led by Canadian private equity firm Altas Partners has joined with Baring Private Equity Asia in a minority equity investment in St. George’s University (SGU), a Grenada-based international education centre that draws students and faculty from 140 countries. While the investment's value was not disclosed, sources http://blogs.wsj.com/atwork/2014/08/08/st-georges-university-lands-750m-investment-deal/ estimate it at US$750 million. The Altas-led group, which included OPTrust Private Markets Group, partnered with SGU management, led by chancellor Charles R. Modica. The SGU deal is the second done by Altas since its 2012 launch by managing partner Andrew Sheiner. Last October, the firm bought /canada/2013/10/16/altas-partners-acquires-nsc-minerals/ NSC Minerals Ltd from Wynnchurch Capital.
- Atlas Partners invests in St George's University
Grenada's St. George’s University has secured "substantial" funding from a group led by Canadian investor Altas Partners and a fund advised by Baring Private Equity Asia. No financial terms were disclosed. The investment is being made with the school's current management team led by Chancellor Charles R. Modica, who will remain in his position.
- Altas adds principal from Providence Equity(2)
Andrew Sheiner's Altas Partners has hired Scott Werry from Providence Equity Partners, bringing the Altas team to seven individuals.
- Altas Partners seals debut investment
The Toronto-based firm acquired industrial mineral products company NSC Minerals, Altas’s first investment since being founded last year by former Onex managing director Andrew Sheiner.
- Altas Partners makes first disclosed investment, buys NSC Minerals from Wynnchurch
Toronto-based private equity firm Altas Partners, launched in 2012 by former Onex executive Andrew Sheiner, has made its first disclosed investment. The firm, together with its partners and senior management, has bought NSC Minerals Ltd, a Saskatoon, Saskatchewan-based provider of salt for highway de-icing, industrial and agricultural applications. The acquisition price was not released. The seller in the transaction was U.S. mid-market private equity firm Wynnchurch Capital, which acquired NSC from TriWest Capital Partners in 2011. The company was also a portfolio investment of Manulife Capital. Altas Partners, which focuses on owning businesses of high quality and strong market positions over long time horizons, was profiled /2013/03/18/this-weeks-take/ by peHUB Canada last March.
- Altas adds principal from Providence Equity
Andrew Sheiner's Altas Partners has hired Scott Werry from Providence Equity Partners, bringing the Altas team to seven individuals.
- Tengram closes debut fund above target
The Connecticut-based firm launched its debut fund in 2011 and came in just under its $175m hard-cap. Tengram has invested roughly 20% of the fund to date.
- First-time funds: Americas
In an era where investors are increasingly focused on experience and track record, it’s arguably never been harder to raise a debut fund. Yet some groups are managing to buck the trend.