Acasta Enterprises Inc. Announces Trading of Class B Shares
Acasta Enterprises Inc. Announces Trading of Class B Shares
Canada NewsWire
TORONTO, Jan. 6, 2017
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
TORONTO, Jan. 6, 2017 /CNW/ - Acasta Enterprises Inc. (TSX: AEF) ("Acasta") announced today that, following the closing of its qualifying acquisition on January 3, 2017, its Class B Shares have commenced trading on the Toronto Stock Exchange. The Class B Shares replace Acasta's Class A restricted voting shares, which were delisted concurrently.
About Acasta Enterprises Inc.
Acasta is a leading Canadian public company that acquires businesses with exceptional potential for value creation through strategic and transformational initiatives. As a proactive private equity manager, Acasta partners with the senior management teams of its acquired businesses, empowering them to pursue value creating strategies and initiatives.
Acasta has initially acquired three businesses, establishing two investment platforms: private label consumer staples and commercial aviation finance and asset management.
Acasta will continue to pursue additional investment opportunities in its pipeline directly or through a series of multi-billion dollar long-term private equity funds, the first of which management plans to launch in 2017. Additionally, Acasta will raise a series of funds for its commercial aviation finance and asset management business.
Acasta will generate both management fees and carried interest income for Acasta shareholders from its private equity and commercial aviation funds which in time should generate substantial incremental shareholder value.
SOURCE Acasta Enterprises Inc.
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