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FI Partners
FI Partners is a private equity based in Toronto; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for...
FI Partners
Based in Toronto, Canada, FI Partners is an entrepreneurial private equity firm focused on investing in and helping grow Canadian businesses.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, Canada
Principals
Justin Dumitrescu
Founder and Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at FI Partners?
Justin Dumitrescu, founder and managing partner, makes all investment and operational decisions. Dumitrescu’s background includes five years as a private equity investor, followed by hands-on operating roles at Caryl Baker Visage and STEL+MAR Wines. He exited STEL+MAR Wines in 2024 to focus full-time on FI Partners.
How does FI Partners source proprietary deal flow?
The firm sources through Dumitrescu’s direct network in Canadian lower-middle-market businesses and consumer brands. No external sourcing partners or intermediaries are disclosed. His operational track record — particularly in consumer beauty and wine — likely surfaces founder-owned Canadian companies seeking a transition rather than a pure financial buyer.
Is FI Partners structured as a single family office or a private equity firm?
FI Partners operates more like a personal private equity firm than a traditional family office or institutional fund. It does not publicly disclose outside limited partners or a commingled fund structure. Dumitrescu uses his own capital, combined with his willingness to serve as operator, to acquire and grow companies.
Does FI Partners participate in fund commitments or only direct deals?
FI Partners only executes direct acquisitions. Dumitrescu’s model is control-oriented and operationally intensive — he does not act as a passive fund investor. The firm acquires profitable Canadian businesses and applies Dumitrescu’s marketing and brand-building expertise to drive growth.
What investment stages does FI Partners typically target?
FI Partners targets mature, profitable Canadian businesses — not startups. Dumitrescu seeks companies with existing cash flow and strong value propositions that can benefit from operational retooling. His own path at Caryl Baker Visage and STEL+MAR Wines illustrates the post-acquisition transformation he pursues.
Which sectors does FI Partners explicitly avoid?
The firm does not publish a formal exclusion list. Dumitrescu’s disclosed track record spans consumer beauty, wine, solid waste, food processing, industrial distribution, education, and restaurants. Startups, pre-revenue companies, and non-Canadian businesses appear outside the firm’s scope.
Where does FI Partners' capital come from?
FI Partners does not disclose the source of its investment capital. Given Dumitrescu’s entrepreneurial exits — Caryl Baker Visage in 2019 and STEL+MAR Wines in 2024 — it is likely funded by personal liquidity events. No external limited partners, family-office backing, or institutional commitments are publicly identified.
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