HBC committee calls $1.74 bln privatization proposal ‘inadequte’
A special committee of the board of Hudson’s Bay Co (TSX: HBC) said the proposed $1.74 billion take-private acquisition of the Canadian retailer is “inadequate” based on an initial analysis. The...
View ArticleBDC Capital invests $2.9 mln in Renaissance Repair and Supply
BDC Capital has provided $2.9 million of mezzanine financing to Renaissance Repair and Supply, an Ottawa-based telecommunications network equipment repair and re-manufacturing specialist. The...
View ArticleBC Partners and OTPP-backed GFL buys Alpine’s solid waste unit
GFL Environmental Inc, a Toronto-based waste management company, has acquired the Vancouver Island solid waste operations of Evergreen Industries Ltd, an affiliate of Victoria-based Alpine Group. No...
View ArticleBrookfield offers to buy Australia’s Aveo for $859 mln: Reuters
Brookfield Asset Management has offered to acquire Aveo Group Ltd, a Sydney, Australia-based retirement-home operator, for A$1.27 billion (US$859.4 million) in cash, according to a report by Reuters....
View ArticleCatalyst increases HBC share purchase offer to up to $200 mln
Catalyst Capital Group has amended its cash offer to buy common shares of Canadian retailer Hudson’s Bay Co (TSX: HBC) at a price of $10.11 per unit. Catalyst increased the maximum number of shares to...
View ArticleCDPQ, Fengate up investment in eStruxture’s growth strategy
Caisse de dépôt et placement du Québec (CDPQ) and Fengate Asset Management have made an additional investment in eStruxture Data Centers Inc, a Montréal-based provider of network and cloud-neutral data...
View ArticleCanopy Rivers-backed TerrAscend to acquire Ilera Healthcare
TerrAscend Corp has agreed to acquire Ilera Healthcare, a Plymouth Meeting, Pennsylvania-based medical cannabis cultivator, processor and dispensary operator. In a separate release, TerrAscend, a...
View ArticleCIBC Innovation Banking lends $10 mln to Georgian-backed Stratifyd
CIBC Innovation Banking has provided US$10 million of debt financing to Stratifyd, a Charlotte, North Carolina-based end-to-end customer analytics platform. The funds raised will be used to support the...
View ArticleClearspring, CDPQ, Desjardins back Telecon’s buy of TRJ Telecom
Telecon has acquired TRJ Telecom, an Anjou, Québec-based provider of turnkey solutions and services for the design, deployment, modernization and maintenance of fibre-optic and coaxial networks in...
View ArticleTop Canadian VC deals draw C$522 mln in Q2 as focus shifts to early-stage
Subscription RequiredCanada’s venture capital market sustained robust levels of activity in Q2, despite somewhat fewer dollars going into the largest financings. The top 10 second-quarter rounds...
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Newly formed, Rubicon-backed Uplight acquires Ecotagious
Uplight has acquired Ecotagious, a Vancouver-based energy analytics and home energy management technology company. No financial terms were disclosed. Founded in 2010, Ecotagious uses smart metre...
View ArticleBlueDot nabs $9.2 mln in Series A led by The Co-operators, BDC
Toronto-based digital health company BlueDot has secured about $9.2 million (US$7 million) in a Series A financing, bringing total funding to about $12.6 million (US$9.5 million). The round was led by...
View ArticleSNC-Lavalin to sell 407 International stake to CPPIB for $3.25 bln
SNC-Lavalin Group Inc (TSX: SNC) said it will proceed with the sale of a 10.01 percent stake in 407 International Inc, a Woodbridge, Ontario-based holder of a concession over 407 Express Toll Route...
View ArticleOTPP partners in acquisition of stake in Asia’s Dream Cruises
Genting Hong Kong Ltd (GHK) has agreed to sell a 35 percent interest in Dream Cruises, an Asian luxury cruise line, to TPG Capital Asia, TPG Growth and Ontario Teachers’ Pension Plan (OTPP). The deal...
View ArticleM33 Growth backs strategy of retail marketing investor RHI Group
RHI Group, a Toronto-based investment company focused on retail marketing solutions, has secured an undisclosed investment from M33 Growth, a U.S. venture capital and growth equity firm. Founded this...
View ArticleFreshBooks secures strategic investment from JPMorgan Chase
Toronto-based accounting software provider FreshBooks has raised an undisclosed strategic investment from JPMorgan Chase & Co (NYSE: JPM), a U.S. financial services firm. A representative of...
View ArticleSilversmith-backed Absorb Software buys eLogic Learning
Absorb Software has acquired eLogic Learning, a Tampa, Florida-based learning management system (LMS) provider, for an undisclosed amount. The deal follows Absorb’s acquisition in May of Lehi,...
View ArticleOwl.co raises $2.6 mln in seed round led by Impression, Luge
Owl.co has raised $2.6 million in a seed-stage financing, the Vancouver-based financial technology provider told PE Hub Canada. The deal was led by Impression Ventures and Luge Capital, both Canadian...
View ArticleTop Canadian VC deals draw $522 mln in Q2 as focus shifts to early-stage
Canada’s venture capital market sustained robust levels of activity in Q2, despite somewhat fewer dollars going into the largest financings. The top 10 second-quarter rounds secured $522 million from...
View ArticleOaktree-backed Montrose to buy Lehder Environmental Services
Montrose Environmental Group Inc has agreed to acquire Lehder Environmental Services Ltd, a Point Edward, Ontario-based air quality management company, for an undisclosed amount. Formed in 1995, Lehder...
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