Alaris invests $46 mln in digital marketing company GWM

Alaris Royalty Corp has invested US$46 million in GlobalWide Media GWM Holdings Inc, a Los Angeles-based provider of data-driven digital marketing solutions.The deal’s proceeds facilitated a management buyout of an existing sponsor.GWM has been backed since 2012 by Endeavour Capital, a U.S. mid-market private equity firm.The investment entitles Alaris, a Canadian alternative equity firm, to an annualized cash distribution of US$5.58 million.Established in 2006, GWM manages performance and branding campaigns for global advertisers across all forms of digital media.  The GWM Contribution results in an increase of approximately $0.20 cents and $0.10 cents per share of revenue and net cash from operations respectively. Based on the GWM Contribution and outlook of the Corporation, Alaris is also pleased to announce an increase to its dividend of three cents per share