Growth Works Buys Ensis
SEP 04 2007 02:10 PM
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A retail venture capital manager has finally entered the Manitoba market. BC fund manager Growth Works was denied by a court when it tried to buy the remains of Crocus two years ago, in an attempt to expand to the province.
Now Growth Works has made its way to Manitoba by purchasing the lone Manitoba labour sponsored fund, Ensis. Growth Works CEO David Levi feels the move will help increase price shares while adding value to the companies in the Ensis portfolio.
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Financial details of the transaction, expected to be finalized in November, were not made public.
CJOB's Jeff Keele reporting.