Penfund invests in growth of automotive supplier Mevotech
Canadian private equity firm Penfund has provided growth capital to Mevotech LP, a Toronto-based supplier of automotive products, including steering, suspension, and driveline replacement products. The financial details of the investment were not disclosed. Mevotech said the partnership with Penfund will help the company to continue to execute its initiatives and better serve its customers. With its headquarters in Toronto, Penfund specializes in providing junior capital to mid-market companies in North America. The firm is currently investing from Penfund Capital Fund IV, which closed at $460 million in 2012.
23 April 2014•2 mins read
