Acasta Enterprises Inc (TSX: AEF), a Canadian special purpose acquisition corporation, has hired Erik Levy as a managing partner. Acasta, which plans to launch a private equity operation this year, said Levy joins Anthony Melman and Michael Liebrock as the operation’s founding partner. He will also support strategic initiatives and corporate development for Acasta portfolio companies. Levy previously served as a senior principal in the direct private equity group of Canada Pension Plan Investment Board (CPPIB). Earlier in 2017, Acasta closed its qualifying acquisition, buying three businesses for $1.1 billion.
Acasta Welcomes Erik Levy as Managing Partner
May 30, 2017
TORONTO–(BUSINESS WIRE)–Further to its May 15 news release, Acasta Enterprises Inc. (TSX:AEF and AEF.WT) (“Acasta” or the “Company”) today announced that Erik Levy will be joining the Company as a Managing Partner. He will be joining Anthony Melman and Michael Liebrock as a founding partner of Acasta’s private equity business and also to support new strategic initiatives and corporate development for the existing Acasta businesses.
“We are delighted to welcome Erik to Acasta,” said Anthony Melman, CEO of Acasta. “He brings a wealth of successful private equity investing and value creation experience from over 11 years at CPPIB. His arrival will be of enormous value as we pursue several strategic and proprietary private equity investment initiatives across our businesses.”
Mr. Levy was previously Senior Principal and founding member of the Direct Private Equity business at Canada Pension Plan Investment Board (“CPPIB”), where he led several significant investments. He was also a member of CPPIB’s Investment Partnerships and Private Debt Investment Committees.
Mr. Levy holds an MBA from the Rotman School of Management at the University of Toronto, and a B.Sc. in Actuarial Mathematics from Concordia University. He was a director of Skype Technologies, Acelity (f.k.a Kinetic Concepts), Suddenlink Communications, Informatica Corporation and Altice USA. Prior to joining CPPIB in November 2005, Erik held various positions at Bain & Company in Toronto and Paris and prior to that, he worked with Mercer consulting.
Acasta’s private equity business is being built around a growing team of professionals with considerable private equity, transactional M&A and financing expertise. In addition to the team’s on-going investment sourcing efforts, Acasta’s Founders and board members also provide a wealth of business experience and connections which contribute to a continuing stream of proprietary investment opportunities.
About Acasta Enterprises Inc.
Acasta Enterprises Inc. is a leading Canadian public company that acquires businesses with exceptional potential for value creation through strategic and transformational initiatives. As a proactive private equity manager, Acasta partners with the senior management teams of its acquired businesses, empowering them to pursue value creating trajectories.
Acasta Enterprises Inc.
Ian Kidson, 647-725-6707
Chief Financial Officer and Chief Operating Officer
Photo courtesy of CPPIB