(Toronto, January 19, 2006) Ironbridge Equity Partners Inc. announces the first closing of its inaugural private equity fund, Ironbridge Equity Partners I, LP. The first closing was greater than the original target for the fund and the final closing is now expected to be $50 – $75 million.
“As a first time fund, we are very appreciative of the support we received from the investment community”, said Ironbridge Managing Partner Jamie Johnson. “We plan to continue our focus of investing in companies that require both capital and operating expertise from their financial sponsor”, added Ironbridge Managing Partner Al Sellery.
Ironbridge Equity Partners is an independent Toronto-based private equity firm formed by partners with a distinguished history of financial, operating and restructuring experiences. With a committed fund from investors with whom they have long standing relationships, Ironbridge is in a unique position to complete buyouts or investments in mid-sized companies with enterprise values between $20 and $100 million.
For more information about Ironbridge Equity Partners, please visit www.ironbridgeequity.com.