Majority interest in Kensington Capital Partners Limited acquired by AGF Private Capital Inc.
Goodmans LLP acted for Kensington Capital Partners in connection with AGF Private Capital Inc.'s acquisition of a majority interest in the company. Kensington is one of Canada’s leading alternative investment firms.
Kensington has $2.6 billion in assets under management and an impressive 27-year history of successful performance and growth. The 40-member team has a proven track record of success managing private equity investments across mid-market buyout and growth strategies, and venture capital.
Kensington will benefit from the size and scale of AGF’s $42.8B AUM business, its broad distribution reach, and access to its product development expertise and operating infrastructure. Kensington has looked at expanding into the U.S. and overseas markets, and AGF’s established relationships and distribution reach into those regions makes AGF the ideal partner to support the acceleration of Kensington’s growth initiatives.
The transaction was subject to the receipt of certain regulatory approvals and closing conditions. This agreement marked an exciting chapter as AGF pledged a strategic investment of $45 million and secured a majority stake of 51% in Kensington. Kensington employees maintain a 49% ownership interest in the firm.
Expertise
Featured Work
-
Capital Markets
Saba Capital reaches agreement with Citadel Income Fund
Goodmans LLP acted for Saba Capital Management, L.P. in relation to its agreement with Citadel Income Fund and its manager, Artemis Investment Management Limited following a protracted dispute… -
Mergers and Acquisitions
Luxor Capital files proxy statement to oppose Ritchie Bros.' value-destructive merger with IAA
Goodmans LLP acted for Luxor Group Capital, LP in connection with its opposition to proposals to be presented at the upcoming special meeting of RBA shareholders relating to RBA’s proposed merger with… -
Mergers and Acquisitions
Maple Leaf Foods to spin off pork business into new company
Goodmans LLP is acting for McCain Capital Inc. and the McCain family, the largest shareholder of Maple Leaf Foods Inc., in connection with Maple Leaf Foods’ proposal to separate into two independent… -
Mergers and Acquisitions
Scholastic closes investment in 9 Story Media Group
Goodmans LLP advised 9 Story Media Inc. in the acquisition by Scholastic Corp. of 100% of the economic interest and a minority of voting rights in 9 Story for C$250 million from ZMC and other sellers… -
Mergers and Acquisitions
Primo Water and BlueTriton agree to merge
Goodmans LLP is advising Primo Water Corporation in its definitive agreement to merge with an affiliate of BlueTriton Brands, Inc., to create a leading North American pure-play healthy hydration… -
Restructuring
Contract Pharmaceuticals CCAA proceedings and sale to Aterian Investment Partners
Goodmans LLP acted as counsel to Contract Pharmaceuticals Limited and its affiliates in connection with their CCAA proceedings and other restructuring…