TORONTO, ONTARIO—Mark Rose, Chair and CEO of Avison Young, says that Vancouver, BC-based Tricor Pacific Capital, Inc., a leading North American private equity firm, has made a second growth-capital investment in the common shares of Avison Young.
The investment will strengthen Avison Young's considerable equity base and investment capabilities. The funds are earmarked for continued growth in Avison Young's global footprint and service-line capabilities. Terms of the transaction, which closed on August 19, were not disclosed.
This investment follows Tricor's $40-million investment in Avison Young's common stock in October 2011, which was used to fund the real estate services firm's aggressive growth and expansion plan.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
