January 10, 2013, Vancouver, BC – Abacus Private Equity is pleased to announce that it completed acquisition transactions with a total value of $690 million in 2012. Since 2005, Abacus Private Equity has completed acquisitions with a combined enterprise value in excess of $5.5 billion across various industries.
“We are proud of our firm’s success, but more importantly, we believe our transaction volumes are continued confirmation that Canadian businesses and their advisors realize the value our unique approach brings to transactions. As we grow our platform, our goal is to develop and expand on the types of transactions we participate in. 2012 was Abacus’ first year as an investor in Life Sciences, a portfolio we plan to grow. 2013 will be the year of new and enhanced transaction structures that we expect will take Abacus beyond its core business of M&A. We would like to thank all of the people that have contributed to our success. Our current pipeline for 2013 is signaling that the coming year will be a record year for Abacus. We look forward to continuing our existing relationships and to building new ones over the coming 12 months.” commented Gene Gomes, Managing Director of Abacus
Abacus’ strategy is to structure highly efficient acquisitions that result in substantially enhanced value. Abacus’ specialization is unique in Canada, and involves the design of tailor made acquisition or disposition strategies to maximize transaction value and net cash flow to Canadian businesses.
Abacus executes transactions using its own funds, or in conjunction with other interested parties. Abacus maintains strong relationships with the foremost experts in the fields of corporate law, tax and finance, complementing its internal teams to develop and offer unique proposals that culminate in highly efficient business transactions.
About Abacus Private Equity
Abacus Private Equity has been an active principal investor in Canada for over fifteen years and provides structured financial solutions to Canadian businesses to optimize their businesses and transactions to create value. Abacus is part of the Hillcore Group. Since 2005, the Hillcore Group, directly or indirectly through its investment funds, has closed transactions with an aggregate asset value in excess of $5.5 billion with $690 million in 2012 alone. Entities under the Hillcore Group’ management have an asset value in excess of $3.1 billion, as of December 31, 2012. The Hillcore Group has offices in Toronto, Vancouver and Montreal, and, in its various groups and portfolio companies, employs more than 1,700 people throughout Canada.
For further information please visit our website at AbacusPE.com or contact:
T: (416) 214-3336