ONCAP to make investment in English language school ILAC
ONCAP, the mid-market investment arm of Canadian private equity firm Onex Corp, has agreed to invest in the International Language Academy of Canada (ILAC), a Toronto-based English language school. No financial terms were released for the deal, which is expected to close in the third quarter. Established in 1997, ILAC provides specialized English courses to about 20,000 students annually from more than 100 countries. Led by Co-founders and Co-Presidents Jonathan Kolber and Ilan Cohen, it operates from nine campuses in Toronto and Vancouver. ONCAP Managing Partner Mark Gordon said his firm will support ILAC's continued growth, both organically and through acquisitions.
15 August 2019•3 mins read
