Wellington-Altus launches exploratory minority secondary sale process

As part of the process, Wellington-Altus is seeking a new private equity partner to acquire about 20 percent-30 percent of existing equity.

  • Wellington-Altus expects to find a partner that can support its wealth management objectives, support growth and provide a liquidity opportunity
  • In 2023, Wellington-Altus raised a C$40 million second growth equity investment from The Cynosure Group
  • In September, the company raised a new credit facility from Ares Management

Wellington-Altus Financial, parent company to a Canadian investment dealer, has launched an exploratory minority secondary share sale process as part of its strategy to accelerate and enhance shareholder value.

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