Ironbridge Equity Partners raises $90 mln in second closing of Fund II

In less than six months of marketing, Canadian private equity firm Ironbridge Equity Partners has completed the second close of Ironbridge Equity Partners II LP, raising $90 million in total. The fund, which is targeted at $125 million in commitments and an approximate hard cap of $150 million, completed its $50 million first closing in Sept. 2013. Ironbridge began investing new partnership capital last October when the firm made a platform investment in Mississauga, Ont.-based Frischkorn Audio-Visual Corp, a provider of audio-visual services to corporate clients. The Toronto-based Ironbridge, which is managed by seven investment professionals, focuses on lower middle-market businesses operating in a range of industries including manufacturing, distribution, and consumer and business products and services.

PRESS RELEASE

Ironbridge completes the second closing of Fund II at over CAD $90 million

TORONTO, Jan 6, 2014 – Ironbridge Equity Partners (“Ironbridge”) has completed a second closing from US and Canadian institutional investors, adding approximately $45 million of commitments to its second private equity fund, Ironbridge Equity Partners II, LP (the “Fund”). In less than six months of marketing, the Fund has received total commitments of over $90 million against a target of $125 million and an approximate hard cap of $150 million in capital. The Fund closed its first investment, Frischkorn Audio-Visual Corp., in October 2013.

Ironbridge’s team of seven professionals invests in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.
Elm Capital is acting as the exclusive placement agent for the Fund.

For more information, contact:

Alan Sellery
Managing Partner
Ironbridge Equity Partners
+1 (416) 863-0101
asellery@ironbridgeequity.com
www.ironbridgeequity.com

Etienne Deshormes
CEO
Elm Capital Associates Ltd
Elm Capital USA Ltd
+44 20 7901 8941
edeshormes@elmcapital.com
www.elmcapital.com

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