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Intercap
Intercap produces capsules for wine, liquor, and large format bottle industries. The company offers closures for wines, spumantes, liquors, custom designs, and...
Intercap
Intercap produces capsules for wine, liquor, and large format bottle industries. The company offers closures for wines, spumantes, liquors, custom designs, and printing services. Intercap was founded in 1986 in Canelli, Italy, and is now a subsidiary of SACI Group following the October 2024 acquisition for $6.09M.
General information
Firm type
Bank / Wealth / Trust
Year founded
2001
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, ON, Canada
Principals
Jason Chapnik
President & CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Intercap?
Jason Chapnik, as President and CEO, drives all investment decisions at Intercap. Chapnik's background spans Canadian real estate development and structured finance. The firm operates without an investment committee of external LPs, consistent with its principal-investment model.
Is Intercap structured as a family office or a merchant bank?
Intercap functions as a merchant bank and principal investment platform, not a single-family office. The firm deploys balance-sheet capital rather than managing third-party discretionary funds. This structure allows Intercap to hold assets without the time-bound exit mandates that govern traditional private equity vehicles.
Does Intercap invest in fund commitments or only direct deals?
Intercap exclusively makes direct investments, consistent with its operational-involvement posture. The firm does not market itself as a fund-of-funds or LP in third-party vehicles. Its real estate and credit exposure comes entirely from originating and structuring its own transactions.
What investment stages does Intercap typically target?
Intercap targets mid-market situations across real estate, credit, and corporate equity. In real estate, the firm enters at the development or repositioning stage. On the credit side, Intercap provides transitional and bridge financing. Its equity investments focus on established Canadian companies, not venture-stage startups.
Which sectors does Intercap explicitly avoid?
Intercap does not disclose exclusion lists, but the firm shows no record of activity in resource extraction, early-stage technology, or biotech. The portfolio gravitates toward asset-heavy and cash-flowing businesses in real estate, financial services, and industrial operations within Canada.
Where does Intercap's investment capital come from?
Intercap invests primarily from its own balance sheet, with select co-investors participating on a deal-by-deal basis. The firm does not raise blind-pool funds or disclose a formal LP base. Specific sources of the balance-sheet capital are not publicly documented.
What is Intercap's known posture on co-investments alongside external GPs?
Intercap acts as a principal and lead investor, not a passive co-investor alongside external GPs. The firm's model emphasizes direct origination and operational involvement in each transaction. Co-investors that do participate typically join Intercap-led deals rather than the reverse.
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