ProsiebenSat.1 shareholders KKR and Permira said they would sell 35 million shares in the German free-to-air broadcaster, cutting their stake to around 17 percent from 33 percent.
1 min read · 12 November 2013
Mountain View, Calif-based Scanadu, a personalized health electronics company, has obtained US$10.5 million in a Series A financing round. The deal was led by Canadian mobile technologies-focused venture capital firm Relay Ventures, with the participation of VegasTechFund, Ame Cloud Ventures, Broe Group, Mindful Investors and Redmile Group. The funding will be used to support the company's s go-to market strategy and manufacturing, its pursuit of regulatory approval, and the addition of new talent to its team. Scanadu has to date raised a total of US$14.7 million in venture financing.
5 min read · 12 November 2013
Andrew D'Souza has been appointed the new president of Bionym Inc, the Toronto-based maker of Nymi, a wearable device that authenticates users through their cardiac rhythm, and communicates identity wirelessly. D'Souza was previously the COO at Toronto-based Top Hat Inc, a provider of technology-based classroom and homework innovations. Founded in 2011, Bionym is a portfolio company of Canadian mobile technologies-focused venture capital firm Relay Ventures.
2 min read · 12 November 2013
Canada Pension Plan Investment Board has signed a memorandum of understanding with Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) to invest in infrastructure projects in select markets in South America. The partnership will initially focus on infrastructure assets in the transportation and energy sectors. Founded in 1933, the Lima, Peru-based Graña y Montero is an engineering and construction company.
3 min read · 12 November 2013
Canadian life sciences venture capital firm Lumira Capital has closed the $10 million capital commitment made to its latest partnership, Lumira Capital II, by the federal Venture Capital Action Plan (VCAP). In September, the $400 million VCAP awarded $50 million to four "high performing" Canadian funds, including the Lumira fund. The Toronto-based Lumira, which invests in North American companies in biotherapeutics, medical technology and health and wellness sectors, is also backed by Business Development Bank of Canada, Teralys Capital, Fonds de solidarité FTQ, Northleaf Capital Partners, Fondaction CSN and Merck & Co.
4 min read · 12 November 2013
Ottawa-based workplace training company Bluedrop Performance Learning Inc (TSX VENTURE:BPL) has agreed to buy Atlantis Systems Corp (NEX:AIQ.H) for $1 million through a plan of arrangement under the Canada Business Corporations Act. U.S. private equity firm ComVest Partners is the controlling shareholder of Atlantis, a Dartmouth, Nova Scotia-based provider of technical training solutions for the military, commercial aviation sectors and energy markets. ComVest made equity and debt investments in the company in 2011. In support of the acquisition deal, Bluedrop obtained $3 million in funding from Canadian specialty financial services firm Difference Capital Financial.
7 min read · 12 November 2013
Mississauga, Ontario-based Match Marketing Group (Match MG), a brand engagement and shopper marketing business, has acquired retail marketing agency Circle One Marketing Inc, which is based in Norwalk, Connecticut. The financial terms of the deal were not disclosed. Match MG's purchase of Circle One is the company's ninth in less than two years. Businesses bought in recent months include Convergence Marketing, Marketing Drive, Marketing Weld Digital and SVM. Match MG is a portfolio company of Canadian private equity firm Beringer Capital.
3 min read · 12 November 2013
Nov 12 (Reuters) - Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The owner of Canadian Mountain Holidays, the largest heli-skiing adventure operator in the world, was taken private by Fortress in 2006 for about $2.8 billion, including debt.
1 min read · 12 November 2013
Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock, sister news service Reuters reported.
1 min read · 12 November 2013
Nuvyyo, an Ottawa-based company focused on mobile media streaming, has launched a crowd-funding campaign on Indiegogo to engage early adopters and beta testers prior to making its newest product, Tablo, available in early 2014. Pledges raised on Indiegogo will be used to fund initial production runs. Tablo is a broadcast TV system designed around the mobility and convenience of a tablet, to enable ease of watching and recording. Earlier in 2013, Nuvyyo secured $4 million in financing from Canadian venture capital firm Celtic House Venture Partners, to be used for sales and marketing activity in the U.S. and Canada.
4 min read · 11 November 2013
