TorQuest Partners announces strategic minority investment by RidgeLake Partners
Torys acted as counsel to TorQuest Partners with a team led by Danielle Kline and that included Sarah Strong, Marco Pontello and Aaron Good (GP stakes).
On April 16, 2024, TorQuest Partners, Inc. (“TorQuest Partners”) announced a passive, minority investment by RidgeLake Partners, LP ("RidgeLake"), providing TorQuest with long-term capital to support the ongoing growth of the platform, with no change in its investment process, day-to-day management, or operations.
Financial terms of the transaction were not disclosed.
Further information can be found on Canada Newswire’s website.
TorQuest Partners, based in Toronto, Ontario, is one of Canada's original private equity firms, with more than 20 years' experience building middle-market leaders across multiple industries. It invests in middle market companies and works in close partnership with management to build value. With more than C$5.0 billion of equity capital under management, TorQuest announced the official closing of TorQuest Partners Fund VI, a C$2.1 billion fund, in December 2023.
RidgeLake Partners, a fund advised through a strategic partnership between OA Private Capital and Apogem Capital, is a dedicated platform focused on acquiring minority equity stakes in middle market private equity firms. Official closing of the fund was announced in January 2024, with over US$1.1 billion in total commitments.