Canadian Alliance Aims to Lend to More SMEs
Canada’s Beedie Capital Partners said that it has selected Bond Capital, Western Canada’s leading private lender, to manage its C$85m private equity fund – an alliance that will effectively create the country’s largest merchant bank.
“Bond Capital has proven success in private equity management,” said Ryan Beedie, president of Beedie Capital Partners. “Our alliance represents tremendous opportunity for small- and medium-sized enterprises [SMEs] looking for investment capital.”
The addition means that Vancouver-based Bond Capital now has six private equity funds under management.
“Bond Capital’s investment mandate is to advance up to C$30m per transaction directly to entrepreneurs managing cash-flow-positive companies with a value range of C$8m to C$300m,” said Davis Vaitkunas, founder of Bond Capital. “Working with Beedie Capital will significantly increase the scale and geographic reach of our joint investments.”
Launched in 2011, Beedie Capital Partners has invested or committed more than C$85m over four years with 14 portfolio investments. “With so many successful and high-profile brands in our portfolio, we want to elevate Beedie Capital to the next level,” said Beedie.
Ryan Beedie has been an investor in Bond Capital since 2003. “With such a long-standing, successful relationship, it was only a matter of time that we decided to work together on a different scale,” said Vaitkunas.
Beedie Capital is fully funded by Beedie Development Group, British Columbia’s largest private industrial landlord and developer. Its investments range from C$2m to C$10m.