Investment Summary

Cynosure Group Invests In Wellington-Altus Financial

On November 2, 2021, asset manager Cynosure Group invested in financial services company Wellington-Altus Financial

Investment Highlights
  • This is Cynosure Group’s 6th transaction in the Financial Services sector.
  • This is Cynosure Group’s 1st transaction in Canada.
  • This is Cynosure Group’s 1st transaction in Manitoba.

Investment Summary

Date 2021-11-02
Target Wellington-Altus Financial
Sector Financial Services
Investor(s) Cynosure Group
Deal Type Growth Capital

Target

Wellington-Altus Financial

Winnipeg, Manitoba, Canada
website
Wellington-Altus Financial is an independent wealth management firm with CAD $16Bn of AUA. Wellington-Altus Financial was founded in 2017 and is based in Winnipeg, Manitoba.

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Investor(S) 1

DESCRIPTION

The Cynosure Group is an independent alternatives asset manager and advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. The Firm has a special interest in founder controlled companies with at least $5 million of EBITDA where the owner is looking for full or partial liquidity. Cynosure will consider both minority and majority positions, and will provide follow-on financing if needed. The Cynosure Group is based in Salt Lake City, Utah with an additional office in New York City.


DEAL STATS #
Overall 8 of 13
Sector (Financial Services) 6 of 7
Type (Growth Capital) 7 of 12
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 2
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