On October 27, 2023, Northbase Finance Inc., a Calgary, Alberta-based specialty finance company which provides equipment financing and other capital solutions for essential operating assets, closed an investment round led by BlackGold Capital Management LP, a Houston, Texas-based and KKR-backed investment firm. The proceeds from the investment will be used to expand Northbase’s asset-backed financing opportunities in its sectors of interest.
Cassels acted for BlackGold Capital.