Majority interest in Kensington Capital Partners Limited acquired by AGF Private Capital Inc.

Goodmans 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.