CPS Capital holds initial close for Fund V

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By Ted Liu

CPS Capital has held an initial close for its fifth fund, CPS Partners Fund V.

Fund V raised $[Premium Contents, please Log In or Subscribe]

Led by partners, Jason Fenn, Michael Arblaster, and Jeff Tung, Toronto based CPS Capital is a middle market private equity firmm founded by owner-operators who look to partner with business owners to realize their growth and transition goals. CPS Capital is focused on North American opportunities to invest in exceptional businesses in growing industries with attractive characteristics.

On May 15, 204, CPS Capital and CloudMD Software & Services Inc. (TSX-V: DOC; OTC PINK: DOCRF; FSE: 6PH) entered into an arrangement agreement pursuant which CPS Capital through CPS Partners Fund V and CPS Partners Fund IV will acquire all of the outstanding common shares of CloudMD.

CloudMD would be the first platform investment of Fund V.

photo credit: CPS Capital