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
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

Investor

Cynosure Group

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2014
Size Small
Type Sector Agnostic
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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DATE TARGET DEAL TYPE VALUE
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Black Rock Coffee Bar is a drive-thru oriented retail coffee chain with more than 70 stores operating across seven states along the west coast, southwest and mountain west regions. Black Rock Coffee Bar was founded in 2007 and is based in Scottsdale, Arizona.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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