KingSett Capital acquires stake in MCAN Mortgage
Canadian real estate-focused private equity firm KingSett Capital has acquired shares in MCAN Mortgage Corp (TSX: MKP), an investor in residential mortgages and other assets with headquarters in Toronto. The investment represents around 7% of the outstanding common shares of the company. In connection with the deal, Scott Coates, managing director at KingSett, will be nominated to serve on MCAN's board of directors. In 2013, KingSett and H&R Real Estate Investment Trust jointly bought Primaris Retail Real Estate Investment Trust for around $5 billion.
19 March 2014•5 mins read
