Version One Ventures’ Angela Tran Kingyens promoted to GP
Canadian early-stage venture capital firm Version One Ventures has promoted Angela Tran Kingyens to general partner. Kingyens joined Version One in 2013 as an analyst and was promoted last year to...
View ArticleKevin Yu recruited to Altas Partners as associate
Canadian private equity firm Altas Partners has hired Kevin Yu as an associate. Yu previously served at Lazard and before then BMO Capital Markets. Working from Toronto, he helped both firms execute...
View ArticleSkyX raises $12.5 mln in Almond Tree-led Series B round
SkyX, a Toronto-based developer of autonomous vehicles for asset monitoring and data collection, has raised about $12.5 million (US$9.5 million) in a Series B financing. The round was backed Almond...
View ArticleFlexiti secures $80 mln mezzanine facility from Credit Suisse
Toronto-based point-of-sale consumer financing company Flexiti Financial has secured an $80 million mezzanine debt facility from Credit Suisse Asset Management. The loan, which follows a $300 million...
View ArticleSurge Energy to buy JOG Capital-backed Mount Bastion for $320 mln
Surge Energy Inc (TSX: SGY) has agreed to acquire the issued and outstanding common shares of Mount Bastion Oil and Gas Corp, a Calgary-based oil and gas explorer and producer, for $320 million in cash...
View ArticleCIX selects 2018’s top 20 innovative companies in Canada
Canadian Innovation Exchange (CIX) has announced this year’s roster of 20 innovative companies to be inducted into the annual CIX Top 20 program. The companies, many of them venture capital-backed,...
View ArticleGIC’s Andreas Köttering to lead CBRE Caledon’s London office
CBRE Caledon Capital Management has hired Andreas Köttering as a partner and head of infrastructure for Europe. Köttering will be responsible for building a team, and originating, executing and...
View ArticleGlobalive leads $1.3 mln round of U.S.-bound EnergyX Solutions
EnergyX Solutions Inc, a Toronto-based energy management software platform, has raised $1.3 million in financing. Globalive Capital, the investment firm of Anthony Lacavera, led the round. It was...
View ArticleSkyX raises $9.5 mln in Almond Tree-led Series B round
SkyX, a Toronto-based developer of autonomous vehicles for asset monitoring and data collection, has raised $9.5 million in a Series B financing. The round was led by Almond Tree Enterprise, a Canadian...
View ArticleCIBC Innovation Banking taps Charlie Kelly to head new U.S. office
CIBC Innovation Banking has hired Charlie Kelly as a manager director. Kelly will head the technology financing and advisory group’s new office in Denver, Colorado. Kelly joins CIBC from Silicon Valley...
View ArticleBedrock to reduce Stelco stake in $208 mln secondary deal
Canadian steelmaker Stelco Inc (TSX: STLC) said a syndicate of underwriters has agreed to buy up to 9.2 million of the company’s common shares from selling shareholders. The secondary offering is...
View ArticleLarge share of Canadian SMEs face labour shortages: BDC
A study by the Business Development Bank of Canada (BDC) found 39 percent of Canadian small and medium-sized enterprises (SMEs) face challenges finding new employees. The labour shortage, which is most...
View ArticlePE-backed Velvet Energy to acquire Iron Bridge for $142 mln
Velvet Energy Ltd has agreed to acquire the issued and outstanding common shares of Iron Bridge Resources Inc (TSX: IBR), a Calgary-based oil and gas company focused on a Montney Oil play in Western...
View ArticleAltaGas to sell midstream, power assets to Birch Hill, Avenue for $560 mln
Calgary-based utility AltaGas Ltd (TSX: ALA) has agreed to sell non-core midstream and power assets in Canada and the United States for about $560 million. AltaGas will sell domestic small-scale gas...
View ArticleONCAP-backed Pinnacle to buy majority of U.S. wood pellet facility
Pinnacle Renewable Holdings Inc (TSX: PL) has agreed to acquire a 70 percent interest in an industrial wood pellet production facility located in Aliceville, Alabama from Westervelt Co, a U.S. land...
View ArticleXPV Water Partners backs MBO of Britain’s Metasphere
Canadian water-focused growth equity firm XPV Water Partners last month backed a management buyout of Metasphere Ltd, a U.K. telemetry water systems business. Terms weren’t released for the deal, which...
View ArticleH&F’s Hub International acquires two Ontario insurers
Hub International Ltd has acquired Clearwater Insurance Group Inc, a Toronto-based provider of insurance solutions to clients through customized programs and proactive health services. No financial...
View ArticleJaspreet Dehl tapped as Brookfield private equity’s CFO
The private equity group of Brookfield Asset Management has appointed Jaspreet Dehl as chief financial officer. Dehl, who joined Toronto-based Brookfield in 2011 and most recently served as a managing...
View ArticleCannabis company Matica secures $20 mln facility from Alumina
Matica Enterprises Inc, a Toronto-based cannabis company, has secured a draw-down equity facility of up to $20 million from Alumina Partners, a U.S. private equity firm. The facility’s proceeds will be...
View ArticleBitcoin-backed lender Ledn raises $1.55 mln in seed round
Ledn Inc, a Toronto cryptoasset-backed lender, has raised $1.55 million in a seed-stage financing. The round was led by Andrew Clark, co-CEO of Spark Power Group Inc, and Someren Capital. As a result,...
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