Alaris Equity Partners successfully redeemed its interest in Kimco Holdings, resulting in gross proceeds of US$68.2 million and an impressive total return of US$52.1 million over eight years.

Information on the Target

Kimco Holdings, LLC ("Kimco") is a private company that has undergone significant restructuring and rehabilitation over recent years. After facing a series of challenges, it has emerged as a noteworthy entity within its industry, ultimately leading to a successful sale to a third party. Alaris Equity Partners Income Trust ("Alaris") held a significant investment in Kimco, which was redeemed in connection with this sale.

The sale was finalized on April 1, 2022, and yielded gross proceeds of approximately US$68.2 million (CA$85.9 million) for Alaris. This total consisted of the redemption of preferred equity, previously deferred distributions, and the repayment of promissory notes, evidencing a strong return on investment and an effective exit strategy for Alaris.

Industry Overview in Canada

The Canadian financing and investment landscape has seen a steady evolution over the years, particularly for private companies seeking alternative sources of capital. Alaris Equity