Westcap Management closes second MBO fund, secures $103 mln
Westcap Management, a Saskatoon-based private equity and venture capital firm, has raised $103 million in committed capital in the close of its second management buyout (MBO) fund. Westcap MBO II Investment LP, which exceeded its $100 million target, was backed by a series of offerings to high-net-worth and institutional investors. Fund I raised $57 million in 2015. Fund II will provide succession and growth capital to companies in Western Canada engaged in transition, consolidation or merger and acquisition activity. Founded almost three decades ago by President and CEO Grant Kook, Westcap reports completing more than $1 billion in transactions involving over 200 companies.
11 February 2019•3 mins read
