SeaFort Capital announced it raised initial commitments of $40 million from its founding investors, as well as $70 million from Export Development Canada, CIBC, BMO, Jessiman Family Investments and others. It’s set a final target of $160 million. (The Logic)
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SeaFort Capital announced it raised initial commitments of $40 million from its founding investors, as well as $70 million from Export Development Canada, CIBC, BMO, Jessiman Family Investments and others. It’s set a final target of $160 million. (The Logic)
Talking point: SeaFort was founded in 2012 by the McCain and Sobey families, two of the wealthiest families in Atlantic Canada. It focuses on mid-sized to small businesses operating in the “old economy,” including manufacturing and construction companies. Since its establishment, SeaFort has bought out over a dozen businesses across Canada, according to PitchBook, with a specific interest in B2B companies. SeaFort Fund II is the first time that it’s allowed investors other than its founding backers to participate.
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