Canadian private equity firm Lynx Equity has received $15 million in new funding from Windsor Private Capital. Proceeds of the commitment will be used by Lynx to continue with its strategy of making acquisitions and diversifying its portfolio. Based in Toronto, Lynx focuses on buying small and medium-sized businesses from owners looking to retire. Windsor is a private merchant bank that is also headquartered in Toronto.
TORONTO–(BUSINESS WIRE)–Lynx Equity Limited (“Lynx”) announced today that it has received $15 million in financing from Windsor Private Capital Limited Partnership (“Windsor”).
“This financing comes at a period of rapid growth for Lynx. It will allow us to continue with our acquisition strategy and diversify our portfolio. This has been a record year for Lynx, and we couldn’t be more pleased to have Windsor as a partner in this success,” commented Lynx President Brad Nathan. Lynx has acquired four new subsidiaries this fiscal year, with plans to close five more before the end of fiscal 2014 (July 31, 2014) bringing its total portfolio to 35 companies. These acquisitions represent sales growth of over 100% from fiscal 2013 as Lynx is projecting to be tracking its sales at over $240 million.
“We have been consistently pleased by our investment in Lynx and Lynx is well capitalized to continue to further its growth,” noted Rocco Marcello and John Cundari of Windsor Capital. “Our financial capabilities and expertise present a strategic advantage to Lynx and we look forward to building on the relationship that already spans several years.”
In July 2012, Lynx announced $13.8 million in financing from Windsor. With its flexible and creative approach to financing, this investment has played a significant role in Lynx’s recent growth and will facilitate the continuation of this trend.
About Windsor Private Capital Limited Partnership
Windsor Private Capital is a private merchant banking firm headquartered in Toronto, Canada. Since 1994, Windsor and its predecessors have provided structured credit and bridge financing solutions to small and middle-market companies, both public and private, as well as entrepreneurs and high net-worth individuals. Windsor has one of Canada’s top team of merchant banking professionals with backgrounds in Canadian and US capital markets, investment banking, management consulting and law. Windsor focuses on a wide range of industry sectors including real estate, technology, telecommunications, natural resources, manufacturing, retail, healthcare and business/financial services. For further information on Windsor, please contact Ron Schmeichel, CEO 416-972-6294
About Lynx Equity Limited
With sales in excess of $150 million, Lynx Equity Limited is a diversified private equity firm focusing on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy. For further information on Lynx Equity, please visit www.lynxequity.com
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