Access to Private Equity Market
RETURNS FROM EXITS TO DATES
Alaris has generated $582.9 million
in total returns (+65%) on partners
that have either repurchased all of
Alaris' units, ceased operations or
where Alaris carries no fair value for
preferred units from such partner.
The monthly or quarterly
distributions Alaris receives from its
Partners ensures Alaris is getting a
return on investment from Day I,
rather than solely on an exit event.
This greatly reduces the investment
risk.
$millions CAD
Initial
Investment
Date
Number of
Years Capital Distributions Exit Capital
Invested Invested Received Received
Total
% total
Return
Return IRR %
MAHC(1)
FNC (2)
Dec-15
1.0
$ (18.4) $
7.2 $
20.0 $ 8.8
Jan-21
1.8
(51.1)
21.8
66.2
36.9
48%
72% 41%
53%
Sequel
Jul-13
4.2
(77.4)
59.8
120.9
103.3
133% 29%
Agility
Dec-12
5.4
(20.2)
18.5
28.3
26.5
131% 25%
Life Mark
Dec-04
11.3
(67.5)
75.6
123.4
131.5
195% 24%
MediChair
Sep-05
6.8
(6.5)
6.4
10.0
9.9
152% 24%
SBI
Aug-17
24
(106.8)
42.7
122.7
58.6
55% 24%
EOR
May-05
13.2
(7.2)
17.4
12.6
22.8
317% 22%
Killick
Jul-11
4.0
(41.3)
19.7
45.0
23.5
57%
20%
Quetico
Nov-11
3.0
(28.2)
13.1
30.4
15.4
55% 19%
Federal Resources
Jun-15
6.3
(84.0)
81.6
100.3
97.9
116%
19%
Labstat
Jun-12
6.0
(47.2)
43.8
61.3
57.9
123%
19%
Solowave
Dec-10
5.8
(42.5)
31.9
44.5
33.9
80%
17%
Kimco
Jun-14
7.8
(43.1)
47.1
55.0
59.1
137%
13%
ccComm
Dec-16
4.5
(25.0)
6.7
15.6
(2.7)
-11% -4%
KMH
May-10
7.0
(54.8)
21.3
14.3
(19.3)
-35% -12%
Sandbox(3)
Mar-16
3.9
(78.9)
25.7
33.7
(19.5)
-25% -16%
Providence (4)
Mar-16
4.7
(38.9)
21.0
(17.9)
-46% -27%
SHS(5)
Mar-13
0.9
(15.0)
1.0
1.1
(12.9)
-86% -44%
Group SM
Nov-13
4.6
(40.5)
9.8
(30.7)
-76%
-67%
Totals
$ (894.4) $
571.9 $
905.4 $ 582.9
65%
(1) MAHC repurchased Alaris' units after 1 year, resulting in an additional 24 months of distributions being paid to Alaris
on exit. This resulted in an IRR much higher than what is expected.
(2) Alaris' return on the FNC investment includes both preferred and common equity returns.
(3) Sandbox returns on senior debt are included.
(4) Providence is expected to be wound up and Alaris does not anticipate any proceeds from such process.
(5) SHS went into receivership in December 2013, therefore no exit capital was received.
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