CEOs and founders backed by Canadian venture capital firm Yaletown Venture Partners have been selected for TechWomen 2013, an outreach initiative that connects women in Canadian technology sectors with their peers in Silicon Valley. Shelley Kuipers, founder and CEO of Calgary's Chaordix Inc. and co-founders Christine Sommers and Kirsten Koppang Telford of Vancouver's ePACT Networks Ltd. will participate in the program beginning in May 2013.
3 min read · 14 May 2013
Vancouver-based Curis Resources Ltd., a mineral development and exploration company associated with Hunter Dickinson Inc., has raised $6 million in funding from Sino-Canada Natural Resources Fund I and Sino Canada Zheshang Mining Investment. Curis Resources is currently focused on its Florence copper project in Arizona. The Sino-Canada fund, which is managed by CapitalAsia, makes private equity investments in Canadian resource companies.
3 min read · 14 May 2013
Dartmouth, Nova Scotia-based Homburg Invest Inc., a manager, acquirer and developer of real estate, has entered into a restated support agreement with private equity firm Catalyst Capital Group. "setting forth the terms of Catalyst's participation" in the company's restructuring. The new agreement, which replaces one terminated in April, includes the possibility for Homburg creditors to receive a cash payment from Catalyst instead of shares in a new corporate entity. A creditors' meeting will consider related issues at the end of May.
4 min read · 14 May 2013
U.S. buyout firm The Gores Group has completed its purchase of several non-strategic business units owned by Davis + Henderson Corp., a Toronto-based provider of technology solutions to financial institutions. The acquired business units will now operate as East Mall, Ontario-based Millennium Process Group Inc., and will focus on business process outsourcing, coupon and rebate processing, and real estate software. Financial terms of the deal were not published.
3 min read · 14 May 2013
U.S.-based private equity firm Kelso & Co. and Montréal's Eacom Timber Corp. jointly announced the extension of Kelso's offer to acquire all of the shares of the publicly traded timber producing company to June 14, 2013. The extension is intended to provide more time for regulatory approvals. The deal, which has been estimated at approximately $183 million, has already been recommended by Eacom's board of directors.
4 min read · 14 May 2013
Solar-power producer Silver Ridge Power Inc., formed in 2012 by U.S. private equity firm Riverstone Holdings and AES Corp., has reduced the size of its planned initial public offering (IPO) on the Toronto Stock Exchange, according to a documents obtained by Bloomberg. The IPO is targeted to raise $150 million, down 14% from $175 million cited in April, around the time Silver Ridge filed a preliminary prospectus. Based in Arlington, Virginia, Silver Ridge acquires solar plants and projects owned by AES Solar Energy Ltd., a 2008 joint venture between AES and Riverstone.
1 min read · 13 May 2013
Engineering school École de technologie supérieure (ÉTS) and McGill University have launched Quartier de l'innovation de Montréal (QI), a hub established in downtown Montréal that will bring together representatives of business organizations, entrepreneurial companies, post-secondary institutions and community groups to foster innovative practices and activities. QI was been backed by the governments of Canada, Québec and the City of Montréal.
3 min read · 13 May 2013
Tapping into a pool of investors outside of the Great White North for the first time, , Camcor Partners hit the hard cap on its Camcor Energy Fund VII in just six months, raising $350 million.
2 min read · 13 May 2013
Frontier Networks Inc., a custom data and networking programs company based in Toronto, has acquired 10.4% of the common shares of Radiant Communications Corp., a Vancouver-based provider of managed network and cloud hosting solutions. Frontier made the buy in support of its previously-announced takeover offer, which countered a bid made by private equity investors Maxam Capital Corp. and PenderFund Capital Management.
2 min read · 10 May 2013
Montréal-based engineering services provider Genivar Inc. reported net revenues totaling $406.8 million in the first quarter of 2013, up 197% compared to 2012. Growth was attributed to Genivar's acquisition of U.K.-based WSP Group PLC in August, 2012 with the backing of the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board. The company recently proposed a reorganization and rebranding that will rename it WSP Global Inc.
8 min read · 10 May 2013
