The Canadian Business Growth Fund

The Canadian Business Growth Fund has provided growth capital to Lift Auto Group.

Industry:

Automotive

The Canadian Business Growth Fund has provided growth capital to Lift Auto Group. MNP Corporate Finance Inc. provided financial and tax due diligence services to The Canadian Business Growth Fund.

Transaction Brief

Headquartered in Kelowna, B.C., Lift Auto Group (Lift) owns and operates a network of six collision repair centers located in Kelowna, Vernon, North Vancouver and Edmonton. In addition to collision repair services, the company provides concierge services and replacement vehicles for its customers. Already seen as a leading collision repair group in the interior B.C. region, Lift aims to expand its presence and become one of the leading collision repair groups in Western Canada.

The Canadian Business Growth Fund (CBGF) invested $15 million in Lift. The deal is CBGF’s first investment as part of its mandate to provide long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in.