Tuckamore Capital sells Gemma Communications to DealNet Capital
Canadian private equity firm Tuckamore Capital Management has sold its interest in Gemma Communications, a Toronto-based provider of call centre outsourcing solutions. The total consideration was about $7 million. The buyer was DealNet Capital Corp (TSX-V: DLS). DealNet said the acquisition will lower costs for its consumer finance business and expand its operational footprint. Last year, Tuckamore's management attempted to acquire the publicly-traded firm in a deal backed by Birch Hill Equity Partners. The deal was terminated in July.
1 October 2015•3 mins read
