TORONTO, Feb. 14, 2012 /CNW/ - Alberta Investment Management Corporation
("AIMCo") on behalf of its clients and Callisto Capital ("Callisto")
are pleased to announce that they have partnered together to make an
investment that will provide them with a controlling interest in Town
Shoes Limited ("Town"), Canada's leading branded specialty footwear
retailer. The founding Simpson family is retaining a significant
continuing interest in Town, and the company will continue to be led by
Alan Simpson and his talented management team. The investment by
Callisto and AIMCo will provide Town with the capital to fund the next
stage of its growth.
Callisto Managing Director, Lawrence Stevenson said, "Callisto is
fortunate to have this opportunity to invest in a leading Canadian
retailer, which has an enviable real estate portfolio, excellent
relationships with the leading branded footwear suppliers and an
energetic management team. Our investment will provide the capital
needed to aggressively grow this outstanding company."
"We are excited to support the growth of a successful Canadian retailer
building on the life's work of Leonard Simpson, an inspiring Canadian
entrepreneur who opened his first Town Shoes store in 1952 and will
continue to serve as Town's Honourary Chairman," added Edward
Rieckelman, AIMCo VP Private Equity.
Alan Simpson, CEO of Town said, "We are very excited about our new
relationship with Callisto and AIMCo. They will bring a new level of
expertise and financial backing that will allow Town to continue to
invest in new stores and new technologies and further enhance Town's
leadership position as one of Canada's most successful retailers."
About Town Shoes Limited
Town Shoes Limited is the largest specialty retailer focused on branded
footwear products in Canada with 116 stores across Canada. Town Shoes
stores are located in leading shopping centres and cater to fashionable
customers who seek the latest styles from the world's leading footwear
brands. Town also operates under The Shoe Company banner, which offers
a wide selection of branded footwear for the whole family at attractive
prices. Town is based in Toronto, Ontario. For more information about
Town, visit www.townshoes.com.
About Alberta Investment Management Corporation
AIMCo is one of Canada's largest and most diversified investment
managers. AIMCo was established on January 1, 2008 with a mandate to
provide superior long-term investment results for its clients. AIMCo
operates independently from the Government of Alberta and invests
globally on behalf of 26 pension, endowment and government funds in the
Province of Alberta, including the Alberta Heritage Savings Trust Fund.
For more information about AIMCo, visit www.aimco.alberta.ca.
About Callisto Capital
Callisto Capital is a Toronto-based private equity firm that creates
value for its institutional investors by partnering with high-potential
enterprises. The firm is committed to working with talented management
teams to build profitable, industry-leading businesses. Additional
information on the firm can be found at www.callistocapital.ca.
SOURCE Alberta Investment Management Corp.
For further information:
Alberta Investment Management Corporation
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