Huron Capital’s efforts in Canada are starting to pay dividends. The firm, which has bolstered its staff and set aside significant capital dedicated to the region, closed an investment in home décor maker Artissimo Designs Inc. Terms of the deal were not disclosed.
Montreal- and Los Angeles-based Artissimo is headed by chief executive Ken Floyd. The company manufactures art at value price points and sells its products through retailers worldwide.
The deal represents Huron’s fourth investment platform in Canada over the past three years. The Detroit-based firm, roughly a year ago, allocated $100 million to build a broader portfolio of Canadian companies and brought in TorQuest Partners veteran Jeremy Busch to oversee a new office in Toronto.
The firm’s dealflow in the region has picked up substantially. Last November, Huron backed Ontario-based auto parts manufacturer Maple Leaf Automotive.
Huron is currently investing out of its third vehicle, The Huron Fund III, LP, a vintage-2008 fund with $350 million of committed capital.
Canada has seen budding interest from US buyers, particularly private equity firms. Just last week, Key Principal Partners backed Ontario-based bottled water company Ice River Springs.
Others, meanwhile, have bolstered their presence in the region. Advisory firm Duff & Phelps, in June, acquired Toronto boutique Cole & Partners.