MacKay CEO Forums, a Vancouver-based peer-to-peer CEO network, has secured an investment from Yellow Point Equity Partners, a Canadian mid-market private equity firm.
No financial terms were disclosed.
MacKay operates a national, member-based peer learning organization, featuring events and networking activities for CEOs, executives and owners of businesses with revenue of up to $5 billion.
Since its inception in 2005, MacKay has grown to more than 1,000 CEOs, executives and owners located across Canada and representing all major industries.
Founder and CEO Nancy MacKay said the partnership with Yellow Point will help accelerate the company’s growth.
In 2016, Vancouver-based Yellow Point closed its fourth mid-market fund, Yellow Point Equity Partners IV, raising $150 million.
Photo: Nancy MacKay, founder and CEO of MacKay CEO Forums.
Yellow Point Partners with MacKay CEO Forums
Combination of CEO Networks Expected to Accelerate MacKay’s Growth
May 23, 2019
Vancouver, BC : Dr. Nancy MacKay, founder and CEO of MacKay CEO Forums (MacKay), today announced that Vancouver-based Yellow Point Equity Partners (Yellow Point) has become an equity investor and partner in the national peer-to-peer CEO network. Created in 2005, MacKay CEO Forums is committed to “populating the world with inspiring leaders” and has grown to more than 1,000 CEOs, business owners and executives from every industry sector across Canada.
Since 2005, we’ve been attracting business leaders from across the country, the type of women and men who value our high-impact peer learning events and networks and the opportunity to connect with like-minded executives in every industry sector,” explained MacKay. “I’m looking forward to accelerating the growth and impact of MacKay CEO Forums and I am personally excited to have Yellow Point as our partner and co-owner. Their investment underlines MacKay’s success to date and demonstrates our shared belief in the strength of our future. Additionally, Yellow Point’s practical experience, track record and strategic thinking make them perfect partners for an organization like ours.”
“By any measure, MacKay CEO Forums is the most successful peer-to-peer business organization of its kind in the country,” noted Dave Chapman, Yellow Point’s co-founder and Managing Partner. “Yellow Point represents an investor base comprised primarily of CEOs and executives of successful Canadian businesses, making this a marriage of two outstanding executive networks. Like Nancy, we believe the combination will drive MacKay’s reach and ability to further enhance leadership across the country in the coming years.”
Deloitte Corporate Finance Inc. and Deloitte LLP acted as exclusive financial and tax adviser and Mogan Daniels Slager LLP acted as legal counsel to MacKay on the transaction. Norton Rose Fulbright Canada LLP acted as legal counsel to Yellow Point.
About MacKay CEO Forums:
Offering peer groups across Canada from Victoria to St. John’s, MacKay CEO Forums is the highest-impact, and least time intensive member-based peer learning organization for results-oriented CEOs, executives, and business owners of companies with revenue of up to $5 billion. Its professionally led peer groups are comprised of the country’s leading brands including those that are named Best Managed, Top Employer and Most Admired companies. For more information, visit www.MacKayCEOForums.com.
About Yellow Point:
Yellow Point Equity Partners has been actively helping its management partners build better businesses for over 14 years. The firm invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies. Yellow Point’s approach is supportive, hands-off with respect to day-to-day operations and active when it comes to strategic decisions and board work. For more information, please visit www.ypoint.ca.
FOR MEDIA INQUIRIES
Please contact: Nancy MacKay, Founder and CEO
P: (604) 329-4998 E: [email protected]