Canadian mid-market private equity firm Signal Hill Equity Partners has raised a total of $142 million for its third fund, Signal Hill Equity Partners III LP. Capital commitments, which came from a mix of Canadian and international limited partners, including family offices, high net-worth investors and institutional investors, exceeded by 42 percent the original $100 million target set for Fund III. With offices in Toronto and Calgary, Signal Hill is managed by 15 professionals, who have completed over 100 transactions. The firm’s deal making is focused on five key verticals: business and consumer services, specialty manufacturing, building products, food and consumer products and resource services.
Signal Hill Fund III exceeds target and closes at $142 million
TORONTO, May 1, 2015 – Signal Hill Equity Partners (“Signal Hill”) is pleased to announce that it has closed its third fund, Signal Hill Equity Partners III LP and its parallel partnership, Signal Hill Equity Partners (International) III L.P. (collectively, the “Fund”) with C$142 million of committed capital. The Fund was materially oversubscribed and quickly surpassed its initial target size of C$100 million, reflecting the strong interest received from existing and new investors.
Signal Hill has consistently achieved top quartile results and has attracted investors that include family offices, high net worth Canadian and international private investors and some of the largest institutions in Canada.
“The size and success of this fundraising is a testament to our disciplined strategy, track record and the strength of our team” said Jamie Johnson, Managing Partner. “We appreciate the support that we received from our Canadian and international investors. We are very excited by the investment prospects for the Fund and expect to announce the first transaction soon.”
Signal Hill is a Canadian-based private equity firm managed by 15 professionals who have completed over 100 transactions investing, building and growing private companies into exceptional businesses. Signal Hill targets traditional businesses in its five key verticals: business & consumer services, specialty manufacturing, building products, food and consumer products and resource services. With five full time engineers, the Signal Hill Operational Improvement Team can significantly reduce the transition time and burden for owner-operators looking to retire and exit their businesses.
For more information please contact:
James C. Johnson
Photo courtesy of Shutterstock