Weston and Saputo family back fund
Arlene Dickinson, a Canadian businesswoman and local celebrity, has launched a fund with backing from some of Canada’s wealthiest families. The C$30 million targeted fund has been seeded among others by the Weston and the Saputo family offices, according to The Globe and Mail. It will invest in food and beverage, beauty, and health and wellness sectors, said the article.
PE funds buy family business
Second generation owned Guardian Alarm has been acquired by two New York private equity groups, according to the Detroit Free Press. Based in Detroit, Guardian was set up 87 years ago. Certares LP and Vanwall Holdings were the acquirers.
Bloomberg’s family office loses top manager
Alice Ruth, the chief investment officer of Willett Advisors, the family office of Michael Bloomberg, has left, according to Institutional Investor. She was replaced by Brad Briner, said the report.