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TORONTO, ONTARIO: FEBRUARY 09, 2012 - Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012. (Tim Fraser for The Globe and Mail) (For ROB story by n/a)
TORONTO, ONTARIO: FEBRUARY 09, 2012 - Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012. (Tim Fraser for The Globe and Mail) (For ROB story by n/a)
(Tim Fraser For The Globe and Mail)

TerraVest hunts for deals after major makeover

TerraVest Captial Inc. is back in action.

The company, better known as TerraVest Income Fund from its days as an income trust, operates like a private equity buyer, but is publicly traded. That means it buys controlling or passive stakes in private companies, and then uses the cash flow from these investments to pay dividends to its shareholders.