Kilmer Capital Partners sells Coalision stake to CEO-led group
Canadian mid-market private equity firm Kilmer Capital Partners has sold for an undisclosed amount its majority position in Coalision Inc to a group of private equity and other investors led by Bernard Mariette, the company's president and CEO. Other members of the consortium included Pelican Investment Funds LP, Simon Equity Partners, André Desmarais, members of the Hermès family and the Fonds de solidarité des travailleurs du Québec FTQ. The deal will enable the global growth of the Longueuil, Québec-based Coalision and its activewear apparel brand Lolë, the company said. Kilmer invested in Coalision in December 2008 and will retain a minority stake in the company going forward.
24 April 2014•4 mins read
