ONCAP invests in Laces Group

Torys acted as counsel to ONCAP with a team that included Guy Berman, Will Hooper, Jacob Posen and Justin Crawford (corporate/M&A), Jerald Wortsman and Craig Maurice (tax), Ed Fan and Steve Hundal (IP), Tom Stevenson and Brad Tartick (employment), Michael Fortier (environmental), Jonathan Wiener, Amanda Balasubramanian and Clint Monteith (lending).

On December 28, 2017, Onex Corporation ("Onex") announced ONCAP acquired Laces Group Inc. ("Laces Group"), in partnership with the existing management team. The investment was made by ONCAP IV, Onex's US$1.1 billion fund. The terms of the transaction were not disclosed.

Laces Group is a leading designer, manufacturer and marketer of bath accessories and home fashion products.

ONCAP is the mid-market private equity platform of Onex. It invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential.

Further information can be found on Globe Newswire's website.