Buyout Shop Charlesbank to Buy Stake in Canada’s Overbay Capital

Middle-market buyout shop Charlesbank Capital Partners LLC agreed to buy a stake in Overbay Capital Partners Inc. in a deal that values the Canadian secondaries firm at C$200 million ($147 million), according to people with knowledge of the matter.

Boston-based Charlesbank is making a strategic investment from its funds, according to a statement seen by Bloomberg News. Overbay will remain a significant long-term shareholder “and retain complete control and independence of all investment activities,” the statement said.