Social media management provider HootSuite announced today it has raised US$165 million in a Series B round led by Insight Venture Partners. Accel Partners and existing investor OMERS Ventures also participated in the round. As part of the funding, Jeff Leiberman, manager director at Insight, Ryan Sweeney, managing partner at Accel, and John Ruffolo, CEO of OMERS, have joined HootSuite’s board of directors. Vancouver, British Columbia-based HootSuite, which was founded in 2009, previously raised more than $21 million in funding from OMERS, Blumberg Capital, Hearst Ventures and others, according to Thomson Reuters (publisher of peHUB).
5 min read · 01 August 2013
E-commerce platform Shopify Inc. said Thursday that it has acquired Toronto-based design and user experience agency Jet Cooper. No financial terms were disclosed. Headquartered in Ottawa, Ontario, Shopify, which also has offices in Montréal, Winnipeg and Toronto, is backed by Bessemer Venture Partners, FirstMark Capital, Felicis Ventures and Georgian Partners.
3 min read · 01 August 2013
Uranium Energy Corp., a uranium mining-focused company with offices in Corpus Christi, Texas and Vancouver, British Columbia, has obtained a US$20 million senior secured credit facility from Sprott Resource Lending Corp., a subsidiary of Toronto-based Sprott Inc., and CEF (Capital Markets) Ltd. The company will use the proceeds of the facility for the development, operation and maintenance of its Hobson, Goliad and Palangana projects, and for working capital purposes.
6 min read · 31 July 2013
CGI Group Inc., a Montréal-based IT and business process services company, achieved revenues totaling $2.57 billion in the third quarter of 2013, more than doubling on a year-over-year basis. A report from Reuters notes that these results are linked to the continuing impact of CGI's C$2.7 billion acquisition of British IT provider Logica Plc in August 2012. That deal was assisted by $1.0 billion private equity investment in company by the Caisse de dépôt et placement du Québec.
5 min read · 31 July 2013
Canaccord Genuity has named Geoffrey A. Richards as the firm's managing director, head of U.S. special situations and restructuring. Richards will be based in the firm's U.S. headquarters in New York City. Prior to joining Canaccord Genuity, Richards headed the special situations and restructuring group at William Blair & Company. Canaccord Genuity, which also has offices in Canada, is the global capital markets division of Canaccord Financial, a provider of financial services.
3 min read · 31 July 2013
Thomas H. Lee Partners is getting some of its money back from Party City, a year after buying the party supply retailer for $2.69 billion, sister website peHUB reported.
2 min read · 31 July 2013
Fundraising by private equity firms for emerging markets halved in the first half of 2013 from year-ago levels and investments fell by a tenth, reflecting a tougher overall backdrop for the industry, a report from the Emerging Markets Private Equity Association.
2 min read · 31 July 2013
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec has acquired for an undisclosed amount a 50% interest in Carrefour de l’Estrie, a shopping centre in the region of Sherbrooke, Québec. The seller was Canada Pension Plan Investment Board, which will continue to own a 50% interest. Under the terms of the joint venture agreement, Ivanhoé Cambridge will manage the property..
2 min read · 31 July 2013
Toronto-based Tri-D Technologies Inc., developer of software for manufacturers that work with composites, industrial fabrics, and technical textiles, recently closed a "significant" undisclosed Series B financing. The deal involved new investors MaRS Investment Accelerator Fund and Caldwell ICM Market Strategies Trust, as well as previous investors, which include Innovation Grade Ventures. The new funds will be used to accelerate market development and commercialization of the company's flagship product ExactFlat Design Studio.
3 min read · 31 July 2013
Pizza chain Papa Murphy’s is close to selecting banks for an initial public offering that could come later this year, three sources familiar with the matter told sister news service Reuters.
1 min read · 30 July 2013
