Two Westcap funds invest $25 mln in DynaVenture buyout
Funds managed by Canadian private equity firm Westcap Management have invested in a management buyout that acquired affiliates of DynaVenture Corp. Golden Opportunities Fund and Westcap MBO Investment LP partnered in a $25 million investment in the deal. Saskatoon-based DynaVenture comprises four distinct businesses: machining and fabrication specialist DynaIndustrial; Tackpoint, a maker of anti-friction bearing solutions; crane services provider Dyna Crane Services; and Fluid Clarification, a separation technologies and filtration systems supplier. DynaVenture said the Westcap partnership will help it execute growth plans at home and in global markets.
19 November 2015•3 mins read
