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Acasta takes flight with trio of deals worth $1.2-billion Add to ...

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Newly hatched Acasta Enterprises Inc. took flight Thursday by announcing plans to take over three private companies simultaneously in a $1.2-billion round of deals that draw on blue-chip board connections.

Toronto-based Acasta is a special-purpose acquisition company, or SPAC, that went public in 2015. It is attempting to become a private-equity platform with a broad portfolio of businesses by bidding for an Irish aircraft leasing firm and two Toronto-based private-label, consumer-product companies.

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