Lynx Equity, a Canadian-based manager of private equity funds, has received USD15m in financing from Windsor Private Capital.
“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,” says 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 bringing its total portfolio to 35 companies. These acquisitions represent sales growth of over 100 per cent from fiscal 2013 as Lynx is projecting to be tracking its sales at over USD240m.
“We have been consistently pleased by our investment in Lynx and Lynx is well capitalised to continue to further its growth,” says 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 USD13.8m in financing from Windsor.
