Kirk Falconer

Brookfield Asset Management’s private equity group earned more than twice the amount it paid to acquire Maax, a bathroom-fixtures maker recently sold to American Bath. Today, the Toronto investor said it sold Maax to American Bath in January. The buyer, a Savannah, Tennessee, tub-and-shower business, is owned by Lone Star Funds, which acquired it from […]

Institutions keen to invest in agricultural assets AreaOne close to $100 mln Fund III target Lawmakers concerned about foreign, corporate takeovers of agricultural assets AreaOne Farms is nearing the finish line with its third Canadian farmland private equity fund thanks to institutional investors eager to gain access to agricultural assets. AreaOne Farms Fund III is […]

Firm targets $150 mln for litigation-finance fund-of-funds Vehicle is likely first of its kind Targets esoteric and growing litigation-finance strategy Balmoral Wood Litigation Finance launched a $150 million fund targeted at an emerging industry that specializes in bankrolling lawsuits, a person with knowledge of the matter told Buyouts. Balmoral’s fund is earmarked for opportunities in the […]

Penfund beat its original C$525 mln target Fund V is the largest in the firm’s history Firm brought on new LPs Penfund, one of Canada’s oldest private equity firms, wrapped up its fifth mid-market fund, raising C$724 million ($550 million) in committed capital with the help of an expanded investor base. Penfund Capital Fund V shot past […]

ONCAP held Cicis pizza buffet for nearly a decade Cicis: 440 restaurants in 33 states; all-you-can eat menu New investor Arlon specializes in food and agriculture ONCAP, the mid-market private equity arm of Onex Corp, has sold U.S. pizza-buffet chain Cicis, a portfolio company it held for close to a decade. The deal was announced last week by […]

  Give & Go is Toronto baked-goods producer OPE held Give & Go for almost nine years Concurrent with sale, Give & Go buys two firms OMERS Private Equity tripled its investment in Give & Go Prepared Foods with this week’s sale of the Canadian baked-goods maker to Thomas H. Lee Partners. Terms weren’t disclosed. Reuters previously reported Give […]

Fund IV closed at 23 pct above original target Fund IV nearly twice the size of predecessor Founder Belzberg says fund will maintain previous strategy TorQuest Partners closed its fourth private equity fund at its C$925 million (US$707 million) hard-cap target, earmarking the proceeds for investment in mid-market companies in Canada and the United States. The Toronto firm […]

Depressed gas prices cut into Endurance’s operating income Endurance engaged BMO Nesbitt Burns to advise on sales process Endurance received protection from creditors in May Canadian natural gas producer Endurance Energy, backed by Warburg Pincus, obtained protection under the Canadian government’s Companies’ Creditors Arrangement Act. Calgary-based Endurance was granted CCAA relief at the end of May. FTI Consulting […]

Penfund targets C$525 mln for Fund V Expected to close above target this summer Park Hill helped raise fund Canadian private debt and equity investor Penfund has banked the C$525 million target set for its fifth mid-market fund and is now raising additional capital for a final close, a person with knowledge of the matter […]

Brookfield beats $3.5 bln target Parent org kicks in $1 bln Most LPs re-upped in Fund IV The private equity group of Brookfield Asset Management has wrapped up its fourth fund, raising $4 billion earmarked for mid-market buyouts, turnarounds and other special situations. Brookfield Capital Partners IV’s total came in 14 percent above the fund’s […]