SAIL Outdoors Acquired by Its Leadership Team

Astorg Acquires Majority Stake in Steliau

February 26, 2024

Industrial Services

Astorg, a European private equity firm, has signed an agreement to acquire a majority stake in Steliau, a pan-European value-added distributor (VAD) of electronic solutions, from B&Capital. Steliau, founded in 1992 and headquartered in Montrouge, France, employs more than 200 people across eight countries and will partner with Astorg to accelerate organic growth and execute a buy-and-build strategy.

Champlain-Led Consortium and Jean Bédard Take Sportscene Group Private

January 17, 2022

Restaurants & Hospitality

Sportscene Group Inc. completed a going-private amalgamation in which two subsidiaries of 13401537 Canada Inc. (controlled by CEO Jean Bédard) together with a consortium led by Champlain Financial Corporation — including Fondaction, Société Financière Bourgie and Horizon Capital Holdings Inc. — acquired the company. The transaction redeems public Class A shares for $7.25 per share and will result in the delisting of Sportscene from the TSX Venture Exchange and cessation of reporting obligations.

Sagard Private Equity Canada Leads Buyout of Groupe LOU-TEC Inc.

September 8, 2021

Industrial Services

Sagard Private Equity Canada, alongside Walter Capital Partners, Investissement Québec and BDC Capital, has acquired Groupe LOU-TEC Inc., a leading heavy machinery and equipment rental company operating primarily in Quebec. The investors will partner with LOU-TEC management to accelerate geographic expansion, pursue digital initiatives and broaden product offerings across the Canadian rental market.

Astorg Acquires Majority Stake in Corialis from CVC Capital Partners

March 30, 2021

Building Products

Astorg has agreed to acquire a majority stake in Belgian aluminium systems manufacturer Corialis from CVC Capital Partners Fund VI, with management reinvesting alongside the buyer. The deal was financed with an inaugural ESG-linked syndicated Term Loan B of more than €1 billion and positions Astorg to support Corialis' industrial investment programme, broaden its product offering and pursue international growth. Corialis is headquartered in Lokeren, Belgium and employs approximately 2,700 people across eight sites.

TorQuest Partners and CDPQ Invest in Barrette Outdoor Living

November 3, 2020

Building Products

TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) announced a majority investment in Barrette Outdoor Living Inc., North America’s leading manufacturer of vinyl, aluminum and steel fence and railing, composite decking, and other outdoor products. Les Entreprises Barrette Ltée will retain a significant minority stake and the company's management team, led by CEO Jean desAutels, will remain in place; terms were not disclosed. The investors said the capital will support the company’s next phase of growth and geographic expansion across North America.

Newlight Partners Makes Equity Investment in Sail Internet

November 1, 2020

Telecommunications

Affiliates of Newlight Partners LP have made an undisclosed equity investment in Sail Internet, a San Francisco Bay Area fiber- and wireless-based high-speed internet provider. The capital will support Sail’s network expansion across the Bay Area and enable growth through organic initiatives and potential strategic acquisitions; existing investors including Ulu Ventures, Engineering Capital and Better Ventures are maintaining their stakes.