Investment Summary

Audax Private Equity Invests In Harbourfront Wealth Management

On June 14, 2022, private equity firm Audax Private Equity invested in financial services company Harbourfront Wealth Management

Investment Highlights
  • This is Audax Private Equity’s 3rd transaction in the Financial Services sector.
  • This is Audax Private Equity’s 5th transaction in Canada.
  • This is Audax Private Equity’s 1st transaction in British Columbia.

Investment Summary
Date 2022-06-14
Target Harbourfront Wealth Management
Sector Financial Services
Investor(s) Audax Private Equity
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)
Fasken Martineau DuMoulin (Legal)

Target

Harbourfront Wealth Management

Vancouver, British Columbia, Canada
Harbourfront Wealth Management includes a registered Securities Dealer/Investment Advisory firm servicing established advisors and their high net worth clients, an Investment Fund Manager that specializes in managing sub-advised alternative investment funds and a US SEC Registered Investment Advisory firm. Harbourfront Wealth Management was formed in 2013 and is based in Vancouver, British Columbia.

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Investor(S) 1

Investor

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 154 of 167
Sector (Financial Services) 3 of 4
Type (Growth Capital) 14 of 18
State (British Columbia) 1 of 1
Country (Canada) 5 of 7
Year (2022) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Thermogenics

Aurora, Ontario, Canada

Thermogenics is a manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial, and institutional applications in the North American market. Thermogenics was founded in 1975 and is based in Aurora, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 BlueCat

Toronto, Ontario, Canada

BlueCat provides software-based Enterprise Domain Name System solutions that offer its customers management tools and security capabilities to manage their increasingly complex internal corporate networks. BlueCat's solutions result in improved network performance, enhanced network visibility, reduced network downtime and strengthened network security. BlueCat was founded in 2001 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal