Diversified Private Equity Corp. announces completion of $21.5 million initial public offering



    TORONTO, March 15 /CNW/ - Diversified Private Equity Corp. (the
"Company") announced today that it has completed its initial public offering,
raising gross proceeds of $21,500,000 through the issuance of 2,150,000 Class
A Shares (the "Shares") at a price of $10.00 per Share.
    The offering was made through a syndicate of agents led by BMO Nesbitt
Burns Inc., Scotia Capital Inc. and CIBC World Markets Inc., and included
National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada)
Inc., Richardson Partners Financial Limited, Berkshire Securities Inc.,
Blackmont Capital Inc., Canaccord Capital Corporation, Desjardins Securities
Inc. and Raymond James Ltd.
    The Company has been created to provide holders of the Company's Shares
with tax efficient exposure to the total return of an initially
equally-weighted portfolio of securities consisting of the ten largest firms
specializing in private equity investments that are publicly traded in North
America and the ten largest firms specializing in private equity investments
that are publicly traded in Europe.
    Shares are listed for trading on the TSX under the symbol PEQ.

    %SEDAR: 00024739E




For further information:

For further information: Investor Relations, Diversified Private Equity
Corp., (416) 945-7380, E-mail: mc_dpec@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

Organization Profile

DIVERSIFIED PRIVATE EQUITY CORP.

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