BCI Takes Significant Minority Stake in Authority Brands
September 20, 2022
British Columbia Investment Management Corporation (BCI) agreed to acquire a significant minority stake in Authority Brands, the North American residential services franchising platform. Funds advised by Apax Partners will retain majority ownership; the investment is intended to support further M&A, franchise development, technology transformation and international expansion.
- Buyers
- British Columbia Investment Management Corporation (BCI)
- Targets
- Authority Brands
- Sellers
- Funds advised by Apax Partners LLP (Apax Funds)
- Industry
- Professional Services
- Location
- Maryland, United States
- Transaction Type
- Growth capital
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