Alphi Capital – a lower middle-market private equity firm focused on partnering with service-based companies in Canada – announced the final closing of its debut fund, Alphi Capital I, LP with total limited partner commitments of C$295 million. This fund had strong interest from investors and significantly exceeded its C$200 million target.
The fund received commitments from a diverse group of North American investors including pension funds, foundations and endowments, government agencies, insurance companies, family offices, fund of funds, as well as founders, executives, and other industry professionals.
Alphi Capital invests in business-to-business service and value-added distribution companies, focusing on initial platform investments of C$5 million to C$10 million of EBITDA. And the firm partners with founders and owners, offering more than just capital. Alphi equips its partner businesses with the tools and resources needed to scale rapidly and professionally, both organically and by acquisition.
Fund I has invested in three platform companies to date:
— Da-Lee Services – Ontario – provider of infrastructure and environmental services to municipalities and industrial customers in Canada and the U.S.
— K2 Fasteners – British Columbia – national master distributor of stainless-steel fasteners and other corrosion resistant fasteners with a highly technical sales team.
— Eastbay Technologies – Ontario – leading provider of outsourced I.T. services in Canada via its team of highly trained sales and technical consultants.
Metric Point Capital served as exclusive placement agent. And Torys served as Canadian and U.S. counsel.
KEY QUOTES:
“We are grateful to our investors for entrusting us with their capital. Our team is dedicated to working alongside our management teams to execute our value-creation strategy and deliver exceptional returns for our investors and partners.”
– Thecla Sweeney, Co-Founder of Alphi Capital
“We launched Alphi to be a great partner for founders looking to take their business to the next level. We are extremely thankful for the support and conviction of our investors and the many others who contributed to our success to date.”
– Andrew Fortier, Co-Founder of Alphi Capital
