Return to search

Ironbridge Fund II oversubscribed in final close, raises $154 mln

Canadian private equity firm Ironbridge Equity Partners has completed the final close of its second fund, Ironbridge Equity Partners II LP, raising $154 million in total. The partnership was oversubscribed after less than 10 months of marketing, with the result that Ironbridge Fund II raised 23% more than its original target of $125 million. The firm’s managing partner Alan Sellery said that more than 60% of the fund’s institutional backers were international. Elm Capital acted as the placement agent. Based in Toronto, Ironbridge invests in 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 final closing of Fund II at CAD $154 million

TORONTO, April 28, 2014 – Ironbridge Equity Partners (“Ironbridge”) today announced that it has completed the final closing for its second private equity fund, Ironbridge Equity Partners II, LP (the “Fund”), raising C$154 million from Canadian, US and UK investors and surpassing its initial target size of $125 million. The fund was oversubscribed by institutional investors and brings the fundraising process to a close in less than ten months of marketing.

Alan Sellery, Managing Partner of Ironbridge commented, “We are very pleased with the support we have received from both Canadian and international institutional investors. With over 60% of the capital sourced from outside Canada, we believe this is indicative of the attractiveness of the Canadian market and the quality of the investment opportunities that exist here.”

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 acted 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

Photo courtesy of Shutterstock: http://www.shutterstock.com/gallery-524764p1.html