Newlook Capital acquires stake in Direct Elevator Services
Canadian private equity firm Newlook Capital has made an investment in Direct Elevator Services Ltd, a Toronto-based provider of elevator maintenance and modernization services. No financial terms were disclosed. The investment, made via Newlook Capital Industrial Services LP, is strategic and will help expand the fund's industrial services portfolio, the firm said. Newlook also said it secured additional fund commitments from Industrial Alliance Securities Inc, a securities brokerage firm, and Raintree Financial Solutions, a private capital markets dealer.
18 January 2017•4 mins read
