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ST. GEORGE UNIVERSITY RECEIVES EQUITY INVESTMENT FROM ALTAS PARTNERS AND BARING PRIVATE EQUITY ASIA Investment Will Support Continued Expansion and Enhanced Services for Students St. George’s University today announced that it has received a substantial equity investment from a group led by Canadian investor Altas Partners and a fund advised by Baring Private Equity Asia. The Altas-led investment group and the fund advised by Baring Private Equity Asia are investing in partnership with St. George’s current management team, led by Chancellor Charles R. Modica, who co-founded the University in 1976.

After 17 years at Onex Corp. – where he was a managing director who oversaw some key investing platforms – Andrew Sheiner hung out a shingle in 2012 to create Altas Partners. Since then, he has assembled a team that includes former colleagues as well as industry experts from firms such as KKR & Co. and Providence Equity Partners.

Altas welcomes Anthony Bowe as the newest member of its Advisory Board. Tony retired at the end of 2013 as Co-Head of Credit Suisse’s Private Fund Group, having been with PFG, and its predecessor at Donaldson, Lufkin & Jenrette, since 1998.

Altas, together with its partners and senior management, has acquired NSC Minerals. Founded in 1988 and based in Saskatchewan, Canada, NSC Minerals is the leading provider of salt for road safety, industrial and agricultural applications, serving customers including municipal, provincial and state governments in Western Canada and the North Central United States.

St. George’s University in Grenada has landed a $750 million investment from a group led by Canadian private-equity firm Altas Partners LP and a fund advised by Baring Private Equity Asia, according to a person familiar with the deal. The new investors will hold a majority stake in the for-profit college, though the original owners will collectively remain the largest single shareholder.

Canadian private equity has come a long way in a short time. A landmark year was 1983, when Gerry Schwartz founded Toronto’s Onex Corp. and acquired the Canadian subsidiary of American Can Co., then the largest leveraged buyout in domestic market history.