On October 20, 2025, Cynosure Private Equity, a leading U.S. private equity firm, announced its new shareholder and deal arrangements in respect of a nearly $400-million secondary minority common equity investment from Kelso & Company, a leading U.S. private equity firm, into Wellington Altus. Upon completion, Kelso will acquire a 25% minority stake in Wellington-Altus in a common equity transaction, confirming an enterprise value of more than $1.5 billion. The transaction marks a significant milestone in Wellington-Altus’ growth strategy, validating its business model and positioning the company for continued long-term expansion.
Founded in 2014, the Cynosure Group is a Utah-based private equity and asset management firm that focuses on buyout, debt and growth equity related strategy.
Osler, Hoskin & Harcourt LLP advised Cynosure Private Equity with a team led by Ricco A.S. Bhasin and consisting of Ben Fickling, Robert Vallentini and Jess Redmond.
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