Altas Partners related stories
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PE-backed Hub acquires PDFHub International Limited, a global insurance brokerage, has acquired Toronto-based PDF Financial Group Inc, an independent brokerage offering consulting and outsourcing services for employee benefit programs, human resources and related financial advice. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.
- PE HUB Wire Highlights, 9.18.19
Carl Stanton, Invesco's head of WL Ross business, leaves; Blackstone in $2.5B buy of Promontory; PE firms face congressional scrutiny over surprise billing
- Altas Partners to acquire DuBois Chemicals from Jordan Co
Canadian long-term private equity firm Altas Partners has agreed to acquire DuBois Chemicals Inc, a Sharonville, Ohio-based provider of customized specialty chemical solutions. Terms weren't released for the deal, which is expected to close later this year. The seller is U.S. private equity firm Jordan Co, which bought DuBois in 2017 from Aurora Capital Partners. Established in 1920, DuBois serves more than 15,000 global customers, primarily in the mid-market manufacturing industry as well as the consumer car wash and fleet transportation markets. The company said the partnership with Altas will support its continued growth, organically and through selective acquisitions.
- Altas Partner to buy DuBois Chemicals
Altas Partners said Aug. 28 that it agreed to buy DuBois Chemicals Inc from The Jordan Co LP. Financial terms weren’t announced. DuBois provides customized and specialty chemicals solutions and services to customers globally.
- Altas recruits Fizzell as a principal
Altas Partners has named Michael Fizzell as a principal. Previously, Fizzell worked at Onex Partners where he focused on the industrial products sector.
- Hansen joins Altas Partners
Jack Hansen has joined Altas Partners as a Director. He previously an Associate at Berkshire Partners, his LinkedIn profile said. https://www.linkedin.com/in/jack-hansen-58a34527
Altas Partners hires Mill Road's Damon Conway as a principalCanadian private equity firm Altas Partners has hired Damon Conway as a principal, a spokesperson for the firm told PE Hub. Prior to joining Altas, Conway was a vice president at Mill Road Capital, a U.S. private equity firm. He also previously worked at Onex Corp and CIBC World Markets. Toronto-based Altas, founded in 2012 by former Onex Managing Director Andrew Sheiner, raised US$1 billion /canada/2016/5/3329431/ for Altas Partners Holdings LP in May.
Penfund’s fifth mid-market fund closes above hard cap, raising $724 mlnPenfund, one of Canada’s oldest private equity firms, has wrapped up its fifth mid-market fund, raising $724 million in committed capital with the help of an expanded investor base. Penfund Capital Fund V shot past its original goal of $525 million earlier this year. Last week it was closed above its hard-cap target of $700 million. The fund is the largest in Penfund’s 37-year history, exceeding by 57 percent the $460 million secured by its predecessor in 2012.
- Altas Partners closes long-term fund on $1bn
Altas, led by former Onex managing director Andrew Sheiner, pushed through the $600m target for the fund.
Altas Partners closes debut long-term fund on $1 blnAltas Partners LP completed a US$1 billion fundraise, the firm announced. The fund, Altas Partners Holdings LP, was oversubscribed and closed at its hard cap. Toronto-based Altas pursues a long-term strategy that involves investing in only one or two businesses each year, thereby allowing the investor to hold assets for more than 10 years. The Altas portfolio currently consist of three companies, including Grenada-based St. George’s University.