On June 7, 2018, Kensington Capital Partners Limited announced that Kensington Private Equity Fund had completed an US$85 million recapitalization of Kenona Industries LLC in partnership with Kenona management and co-investors.
Kenona Industries LLC is a Michigan-based precision machining business supplying the automotive industry and has developed a reputation as a leader in the precision machining business.
Kensington Capital Partners is a leading independent Canadian investor in alternative assets. Kensington Private Equity Fund offers investors a diversified portfolio of private equity investments, including hard-to-access private equity funds and direct investments in private companies.
Osler, Hoskin & Harcourt LLP represented Kensington Capital Partners with a team consisting of Marc Kushner and Jillian Mulroy (Corporate), Paul Seraganian, Jennifer Lee, Kevin Colan and Julie Geng (Tax), Andrew Herr (Financial Services) and Lynne Lacoursière (Employee Benefits).