M&A Deal Summary

Dancap Private Equity and GE Asset Management - International Private Equity Acquire Porter Airlines

On June 19, 2006, family office Dancap Private Equity and private equity firm GE Asset Management - International Private Equity acquired airliner Porter Airlines

Acquisition Highlights
  • This is Dancap Private Equity’s 1st and GE Asset Management - International Private Equity’s 1st transaction in the Airlines sector.
  • This is Dancap Private Equity’s 1st and GE Asset Management - International Private Equity’s 1st transaction in Canada.
  • This is Dancap Private Equity’s 1st and GE Asset Management - International Private Equity’s 1st transaction in Ontario.

M&A Deal Summary

Date 2006-06-19
Target Porter Airlines
Sector Airlines
Buyer(s) Dancap Private Equity
GE Asset Management - International Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Porter Airlines

Toronto, Ontario, Canada
Porter Airlines is a regional passenger carrier that currently serves Toronto, Ottawa, and Montreal, with plans to fly to as many as 17 short-haul Canadian and U.S. destinations within a 500-nm radius of the Greater Toronto Area. Porter Airlines was founded in 1999 and is based in Toronto, Canada.

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Buyer(S) 2

DESCRIPTION

Dancap Private Equity is the private equity arm of Dancap Family Investment Office, a diversified investment group. Dancap Private Equity seeks to invest in private equity funds, co-invest alongside partners, as well as make direct private equity investments. For direct investments, Dancap does not have any sector preferences and prefers to invest in financially sound businesses with capital to support growth, a management buyout or to recapitalize the business. Target companies should be profitable with at least $10 million in revenue. Dancap was formed in 2000 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 4
Sector: Airlines M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 IOU Financial

Montreal, Quebec, Canada

IOU Financial, Inc. it provides a financial services.The company via its U.S. subsidiary, IOU Central, provides successful small businesses access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and ecommerce companies. In a unique approach to lending,

Buy CA$1M
Buyer
DESCRIPTION

GE Asset Management - International Private Equity (IPE) is the international investment arm of GE's investment management division. IPE invests in companies located outside the US including developed and emerging markets. IPE looks for businesses with strong market positions, stable cash-flows, and sustainable profits. Transactions usually take the form of leveraged acquisitions and growth financings. IPE was established in 1978 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2006 M&A 1 of 1