Toronto’s AGF Private Capital is set to acquire a controlling 51% share in Kensington Capital Partners for $45 million. This transaction, earmarked for completion in Q2 2024, allows Kensington to retain 49% ownership and operational independence.
Kensington’s chairman, Tom Kennedy, views the deal as a strategic move to enhance investment opportunities and regional expansion, leveraging AGF’s reputation and financial strength.
Kensington, a key player in Canada’s tech sector, notably participated in the Government of Canada’s Venture Capital Catalyst Initiative (VCCI) and successfully closed its third venture fund in April 2023.
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