Ken Fowler Enterprises takes a stake in SIR Royalty Income Fund
Canadian private equity firm Ken Fowler Enterprises Ltd (KFEL) has acquired shares in SIR Royalty Income Fund (TSX: SRV.UN), a trust affiliated with SIR Corp, a Burlington, Ont.-based company that owns and operates 50 restaurants in Canada. The deal was done through an agreement with Retail Dimensions Inc, a company controlled by the spouse of Ken Fowler, the controlling shareholder of KFEL. The acquisition represents about 13.9% of the voting units of the Fund. Founded in 1972, KFEL focuses on investments in real estate, restaurants and hospitality, and specialty retailers.
5 December 2013•2 mins read
