Altas Partners related stories
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Altas Partners raises $1 bln for long-life private equity fundAltas Partners, a Canadian private equity firm founded by former Onex Corp Managing Director Andrew Sheiner, has raised US$1 billion for Altas Partners Holdings LP. The fund was closed at its hard-cap target and was oversubscribed, the firm reported. Investors in the fund were not disclosed. Based in Toronto, Altas was launched by Sheiner in 2012 to make equity investments of $100 million to $500 million over longer horizons than most private equity firms. It typically assumes control-stake positions in hard-to-replicate businesses. To date, the firm has acquired three companies: Capital Vision Services, NSC Minerals and St. George’s University (SGU). PE Hub Canada profiled Altas and its investment in Grenada-based SGU /canada/2014/8/going-long-why-altas-partners-and-optrust-invested-in-grenadas-sgu/ in August 2014.
Altas Partners, Caisse de depot buy stake in Capital Vision ServicesAltas Partners teamed up with Caisse de dépôt et placement du Québec to buy an equity stake in Capital Vision Services LP in a deal that values the provider of back-office services to independent optometrists at $800 million, according to a source. The deal is Altas’ third since its launch in 2012.
Altas, CDPQ acquire Capital Vision ServicesAltas Partners announced this week that it has partnered with la Caisse de dépôt et placement du Québec to acquire Capital Vision Services, a Virginia-based management services provider to MyEyeDr optometry practices. The company was previously the recipient of private equity financing from Monitor Clipper Partners in 2012.
Altas and CDPQ-led group funds Capital Vision ServicesCapital Vision Services LP has secured undisclosed equity funding from an investor group led by Atlas Partners and Caisse de dépôt et placement du Québec. CVS is provider of management services to optometry practices.
- Altas and CDPQ-led group funds Capital Vision Services
Capital Vision Services LP has secured undisclosed equity funding from an investor group led by Altas Partners and Caisse de dépôt et placement du Québec. CVS is a provider of management services to optometry practices.
On the move, 6.15.2015The following hires, promotions and appointments are for the June 15, 2015, issue of Buyouts.
Kathleen Taylor joins Altas Partners' advisory boardKathleen Taylor has joined the advisory board of Canadian private equity firm Altas Partners. Taylor, the former president and CEO of Four Seasons Hotels and Resorts, currently chairs the board of directors of RBC. She is also a current director of the Canada Pension Plan Investment Board (CPPIB). Based in Toronto, Altas Partners takes significant, long-term investment stakes in businesses that are hard to replicate. In 2014, the firm led a control-stake investment /canada/2014/08/25/going-long-why-altas-partners-and-optrust-invested-in-grenadas-sgu/ in Grenada-based St. George’s University.
- Altas Partners recruits Taylor for advisory board
Altas Partners has added Kathleen Taylor to its advisory board. Taylor is chair of the board of RBC and a director of the Canada Pension Plan Investment Board.
- Wynnchurch Capital closes fourth PE fund at $1.2 bln
Wynnchurch Capital, a U.S. mid-market private equity firm with offices in Toronto and Montréal, has closed its fourth partnership, Wynnchurch Capital Partners IV LP, raising US$1.2 billion in total. The fund, which was launched in September with a target of US$900 million, was oversubscribed. Wynnchurch has made a number of investments in Canada, including current portfolio companies Calyx Transportation Group Inc, Groupe Moreau and Pro-Fab Group Inc. In 2013, Wynnchurch sold /canada/2013/10/16/altas-partners-acquires-nsc-minerals/ Saskatoon, Saskatchewan-based NSC Minerals Ltd to Altas Partners.
- Exclusive: Baring will hit $3.85bn hard cap
The firm has made a first close on $3.2bn and expects to close oversubscribed before year-end