Flexera Software has bought Secunia, a Danish provider of software vulnerability management solutions that help protect organizations against cybersecurity risks. The deal's financial terms were not released. Flexera, a provider of software licensing, compliance, security and installation solutions, said the acquisition will complement its own solutions and enable companies to more proactively address cybersecurity threats. Based in Itasca, Illinois, Flexera is a portfolio company of Teachers' Private Capital, the private equity investment arm of the Ontario Teachers' Pension Plan. Teachers acquired a majority stake in the company from Thoma Bravo in October 2011.
5 min read · 16 September 2015
G.W. Anglin Manufacturing Inc, a portfolio company of Canadian private equity firms Carpedia Capital and Banyan Capital Partners, has acquired Amtech for an undisclosed amount. The deal, which builds on G.W. Anglin's acquisition of Laval, Québec-based Polytek Equipments Inc in April 2015, will further expand the company's commercial fleet upfitting business in Québec. With headquarters in Tecumseh, Ontario, G.W. Anglin is a diverse manufacturer of parts and aftermarket truck and van equipment. It has been backed by Carpedia and Banyan, an affiliate of Connor, Clark & Lunn Financial Group, since 2011.
3 min read · 16 September 2015
The Canada Pension Plan Investment Board (CPPIB) has agreed to buy a minority stake in Entertainment One Ltd (eOne), a Toronto-based entertainment business that acquires, produces and distributes film and television content. CPPIB will pay £142.4 million ($289.9 million) for a 17.9 percent interest in the company. The seller in the deal, which is expected to close within 30 days, is Marwyn Investment Management, a British private equity firm that has backed eOne since 2007. CPPIB said it wants to partner with the company "to help it achieve its ambitious growth plans of doubling in size within the next five years.” Earlier this year, eOne bought a stake in The Mark Gordon Co.
3 min read · 16 September 2015
Tricon Investment Partners (TIP), an affiliate of Canadian real estate private equity firm Tricon Capital Group, has revised its recently filed preliminary prospectus for an initial public offering of subordinate voting shares. TIP plans to sell the shares at an offering price of between $10 and $11 per share, which will generate gross proceeds of about $140 million. The offering is expected to be completed next month. TIP invests in for-sale residential developments across North America.
5 min read · 15 September 2015
Timberline Resources Corp (NYSE MKT: TLR; TSX-V: TBR) has agreed to be acquired by a fund managed by Canadian mining private equity firm Waterton Global Resource Management for US$0.58 per share. In connection with the deal, Waterton has also agreed to invest about US$500,000 in the company. Based in Coeur d'Alene, Idaho, Timberline is an explorer and developer of gold mining projects in Nevada. Waterton Partner Cheryl Brandon said the acquisition will enhance the firm's existing portfolio of high-quality development properties in the region. Earlier in 2015, Waterton bought interests in the Mount Hamilton gold project.
6 min read · 15 September 2015
StorageVault Canada Inc has closed its previously-announced acquisition of all of the Vancouver-based self-storage assets, property and business of Storage For Your Life Solutions Inc and Carousel Ventures Ltd. The purchase price totaled $52.5 million. StorageVault, a Regina, Saskatchewan-based owner and operator of storage locations across Canada, said the deal provides it with a platform for expansion into Western Canada. The company is a portfolio investment of funds managed by Canadian private equity and venture capital firm PFM Capital.
3 min read · 14 September 2015
Modus Structures Inc, a designer and builder of high-performance modular buildings, has won the 2015 BDC Entrepreneurial Resiliency Award. The award, which is sponsored by the Business Development Bank of Canada (BDC) in partnership with the Turnaround Management Association, Montréal chapter (TMA-Montréal), recognizes a Canadian company that emerged stronger after undergoing a turnaround or pivotal event. After experiencing significant losses following the 2008 recession, Crossfield, Alberta-based Modus executed a successful turnaround that preserved jobs and fueled growth, BDC and TMA-Montréal said.
3 min read · 14 September 2015
Fiera Capital Corp has appointed John Valentini as executive vice president and CFO. Prior to joining the Montréal-based investment firm, Valentini was executive vice president, CFO and COO of Canadian pension fund manager PSP Investments. Also, Fiera has promoted Sylvain Roy to president and COO of its Canadian division. The firm also added David Stréliski to its team as senior vice president and chief risk officer.
3 min read · 14 September 2015
The Ontario Teachers' Pension Plan has appointed Nicole Musicco managing director of its Asia-Pacific operations and head of its office in Hong Kong. Musicco, who was previously a vice president of Teachers' Private Capital, the Toronto-based pension fund manager's private equity investment arm, will be responsible for the full investment cycle in the region. Ontario Teachers opened its Hong Kong office in 2013. Its Asia-Pacific portfolio was recently valued at about $12 billion.
2 min read · 14 September 2015
Canadian private equity firm Novacap has acquired a majority stake in Nitrex Metal Inc, a provider of metal heat treatment technology solutions and services based in Montréal. No financial terms were released. Founded by Michel Korwin in 1984, Nitrex serves automotive, aerospace and industrial customers on four continents. It said it will use the partnership with Novacap for growth initiatives. These initiatives will include investments in operational enhancements, in key regions with potential for strategic acquisitions, and in research. As reported by peHUB Canada, Novacap last month acquired employee transit services specialist Hallcon Corp, marking an expansion in its Canadian deals.
3 min read · 11 September 2015
