Assent Compliance raises $40 mln in Series B funding: report
Ottawa compliance software and data management solutions provider Assent Compliance Inc has secured $40 million in a Series B financing, according to a report by TechCrunch. The round was led by U.S....
View ArticleOMERS, Ontario Teachers’ to sell High Speed 1 to consortium
Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), and Ontario Teachers’ Pension Plan have agreed to sell HS1 Ltd, the owner and...
View ArticleCPPIB to buy 50 pct stake in U.K. business park from Hermes
Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 50 percent equity stake in Milton Park, a British business, science and technology park. CPPIB agreed to pay about $330 million...
View ArticleMcRock leads $12 mln Series B round of Spain’s Worldsensing
Canadian venture capital firm McRock Capital has led a $12.3 million (€8.3 million) Series B financing of Worldsensing, a Barcelona, Spain-based smart city and industrial Internet-of-Things solutions...
View ArticleWellington Financial opens New York office, hires Robin Gill
Canadian specialty finance firm Wellington Financial has opened its fourth North American office in New York City. To lead the firm’s New York team, it also recruited Robin Gill as a partner. Gill...
View ArticlePE-backed Atis Group acquires Fenestration Pro-Tech
Atis Group Inc has acquired Fenestration Pro-Tech, a window and door retailer based in Stanbridge Station, Québec. No financial terms were disclosed. Atis, a Longueuil, Québec-based manufacturer,...
View ArticleBrookfield closes $540 mln buy of Loblaw gas station business
The private equity group of Brookfield Asset Management has closed its acquisition of the gas station unit of Loblaw Cos Ltd (TSX: L). The deal, announced in April, saw Brookfield pay the Canadian...
View ArticleCrown Capital Fund IV reaches $225 mln with upsizing
Canadian specialty finance firm Crown Capital Partners has increased the size of its fourth special situations fund to $225 million. Crown Capital Fund IV, which initially closed in September 2015,...
View ArticleFreshBooks secures $43 mln in Georgian Partners-led Series B
Toronto accounting software company FreshBooks has raised $43 million in a Series B financing, bringing total funding to $73 million. Georgian Partners led the round and was joined by Accomplice and...
View ArticleFreshBooks secures $57 mln in Georgian Partners-led Series B
Toronto-based accounting software company FreshBooks has raised $57 million (US$43 million) in a Series B financing, bringing total funding to almost $100 million. Canadian growth equity firm Georgian...
View ArticlePayPal completes $302 mln acquisition of TIO Networks
PayPal Holdings Inc (Nasdaq: PYPL) has wrapped up its buy of TIO Networks Corp (TSX-V: TNC), a Vancouver multi-channel bill payment processing company. The deal, announced in February, saw PayPal...
View ArticleOntario Teachers’ buys Iberian funeral business from 3i Group
U.K. private equity firm 3i Group has sold Mémora Group, an Iberian funeral services provider, to Ontario Teachers’ Pension Plan. The purchase price was not disclosed; however, 3i said the deal...
View ArticleMedtech startup Highmark Interactive nets $2 mln in seed round
Highmark Interactive has raised $2 million in a seed-stage financing. The round’s investors were not disclosed; however, the Toronto-based company said they include capital-market investors, medical...
View ArticleContextere wins $1.4 mln investment from Lockheed Martin
Ottawa industrial Internet-of-Things software provider Contextere Corp has raised about $1.4 million (US$1.1 million) in funding from strategic investor Lockheed Martin (NYSE: LMT), a U.S. security and...
View ArticleSecond Tembec investor opposes Rayonier’s $807 mln buy
U.S. hedge fund manager Restructuring Capital Associates (RCA) said it expects to vote its shares of Tembec Inc (TSX: TMB) against the proposed merger with Rayonier Advanced Materials Inc (NYSE: RYAN)....
View ArticleInformation Venture Partners leads Flybits’ $6.5 mln Series B
Flybits Inc has secured $6.5 million in a Series B financing, bringing its total funding so far to $14 million. Canadian venture capital firm Information Venture Partners led the round and was joined...
View ArticleGaN Systems closes strategic investment led by BMW i Ventures
GaN Systems Inc, an Ottawa-based provider of power transistors, has closed a strategic investment led by BMW i Ventures, the venture capital arm of German automobile manufacturer BMW. With the deal,...
View ArticleFive questions with John Ruffolo, CEO of OMERS Ventures
Subscription RequiredThe Ontario Municipal Employees Retirement System launched an in-house venture program in 2011, making it one of the few pensions worldwide to invest directly in the asset class....
View ArticleClairvest to sell CRS to Ashtead’s Sunbelt Rentals for $275 mln
Canadian private equity firm Clairvest Group has agreed to sell CRS Contractors Rental Supply LP, a provider of construction equipment rental and related merchandise, for $275 million plus a potential...
View ArticleBirch Hill’s Citron Hygiene acquires Chemsyn Chemical
Citron Hygiene has acquired Chemsyn Chemical Corp, a Concord, Ontario-based manufacturer and distributor of commercial dish-washing, laundry and housekeeping products and services. No financial terms...
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