Competition watchdog challenges Thoma Bravo’s buy of Aucerna
Ottawa’s Competition Bureau said it is challenging Thoma Bravo‘s recent acquisition of Aucerna, a Calgary-based provider of planning, execution and reserves solutions to the oil and gas industry. The...
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Canopy Rivers invests $10 mln in plant science company ZeaKal
Canopy Rivers has invested US$10 million in ZeaKal, a San Diego, California-based plant science company. The deal gives Canopy, the venture capital arm of Canadian cannabis producer Canopy Growth Corp,...
View ArticleCIX names Lightspeed POS its 2019 innovator of the year
CIX has named Lightspeed POS (TSX: LSPD) its 2019 “Innovator of the Year”. Founded in 2005 by CEO Dax Dasilva, Lightspeed is a Montréal-based retail and restaurant POS and e-commerce solution. It went...
View ArticleDesjardins’ pension fund to acquire 40.5 pct of Cypress Wind Project
Desjardins Group Pension Plan (DGPP) has agreed to acquire a portion of EDF Renewables Canada Inc‘s stake in the Cypress Wind Project for an undisclosed amount. The acquisition will take place upon...
View ArticlePSP Investments ramps up PE investing to $6.3 bln last year, earns 16.1 pct...
Public Sector Pension Investment Board, Canada’s fourth largest pension system, increased activity in the global private equity market last year, deploying $6.3 billion. The outlay, noted last week in...
View ArticleWeston family taps OV’s Jim Orlando to lead $100 mln VC fund: G&M
Canada’s Weston family has hired Jim Orlando, managing partner of OMERS Ventures (OV), to run its new venture capital fund, the Globe and Mail reported. The $100 million fund will be an arm of the...
View ArticleXimen Mining inks $8 mln facility with Alumina Partners
Vancouver-based mining company Ximen Mining Corp (TSX-V: XIM) has secured a draw-down equity facility of up to $8 million from Alumina Partners, a U.S. private equity firm. Ximen will use the...
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BlockCerts raises $25 mln in financing from Hillcore, Robson
BlockCerts Blockchain, a Victoria, British Columbia-based blockchain smart contracts and transactions platform, has raised $25 million in financing. The money came from Canadian private investment...
View ArticleProcurify secures $27 mln in Information VP-led Series B round
Procurify, a Vancouver-based spend management platform, has closed its Series B financing, raising about $27 million (US$20 million). The round was led by Canadian venture capital firm Information...
View ArticleEntrepreneur Capital acquires control of apparel business Spencer
Canadian private equity firm Entrepreneur Capital has acquired a controlling interest in Spencer Supports Canada Ltd, a Montréal- and Stanstead, Québec-based operator of apparel brands HB Heller and...
View ArticleImperial Capital caps biggest fund for lower mid-market deals
Subscription RequiredImperial Capital Group has raised its largest fund to date, capping its seventh fund at C$650 million ($486 million). The Toronto private equity firm closed Imperial Capital...
View ArticleStewart Butterfield’s Slack valued at $25 bln in NYSE debut: Reuters
Slack, a San Francisco-based enterprise messaging software provider, has gone public on the New York Stock Exchange at a value of US$25 billion, Reuters reported. Slack went the unusual route of a...
View ArticleOMERS to invest $264 mln in listed arm of Brookfield’s PE group
Canadian pension fund OMERS has agreed to acquire through a private placement about 5.1 million units of Brookfield Business Partners for US$39.40 per unit, generating proceeds of about US$200 million,...
View ArticleProcurify secures $20 mln in Information VP-led Series B round
Procurify, a Vancouver-based spend management platform, has closed its Series B financing, raising about $20 million. The round was led by Canadian venture capital firm Information Venture Partners. It...
View ArticleNikon invests $10 mln in TandemLaunch-incubated Wrnch
Nikon Corp has invested about $10 million (US$7.5 million) in Wrnch, a Montréal-based provider of computer vision tools. Nikon, a Japanese maker of optical instruments, said the investment will help...
View ArticleAlaris invests $70 mln in recap of alternative lender Amur
Alaris Royalty Corp has invested $70 million in Amur Financial Group Inc, a Surrey, British Columbia-based originator, manager and servicer of home equity loans. Alaris, a Canadian alternative equity...
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Imperial Capital closes seventh mid-market fund at $650 mln hard cap
Imperial Capital Group wrapped up its seventh mid-market fund, raising $650 million. The Toronto private equity firm closed Imperial Capital Acquisition Fund VII in May, exceeding a $500 million target...
View ArticleQuantum computing startup Xanadu nabs $32 mln in OV-led Series A
Xanadu, a Toronto-based photonic quantum computing and AI startup, has raised $32 million in a Series A financing. The round brings the company’s total funding to date to $41 million, according to a...
View ArticleAckroo secures $4 million M&A facility from BDC Capital
Ackroo Inc (TSX-V: AKR), an Ottawa-based gift card and loyalty marketing technology and services provider, has secured a $4 million debt facility from BDC Capital. The facility’s proceeds will be used...
View ArticleMKB, EDC lead top up of Opus One Solutions’ Series B round
Opus One Solutions, a Toronto-based smart grid software engineering company, has raised additional capital for its Series B financing. The undisclosed second tranche was led by MacKinnon Bennett &...
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