Nettwerk Music Group Inc. has raised US$10.25 million in growth-equity financing, which includes an investment from HBC Investments. Existing shareholders Beedie Capital Partners and Nettwerk’s four founding partners - Terry McBride, Ric Arboit, Dan Fraser and Mark Jowett - also participated in the transaction. Beedie Capital Partners is a Vancouver-based private equity firm.
4 min read · 29 April 2013
Finavera Wind Energy Inc., a Vancouver-based company focused on developing wind farms in North America and Ireland, has agreed to sell its Tumbler Ridge and Meikle wind energy projects to power company Pattern Energy Group LP for up to $28 million. The deal remains subject to shareholder approval. Pattern Energy, which has offices in offices in San Francisco, San Diego, Houston, New York, and Toronto, has been a portfolio company of U.S. private equity firm Riverstone Holdings since 2009.
5 min read · 29 April 2013
Toronto-based Artaflex Inc., a company specializing in delivering integrated product solutions and support to the global technology and electronics industry, has received shareholder approval for its previously-announced going-private transaction. Among Artaflex's investors are affiliates of FIMI Opportunity Funds, an Israeli buyout and mezzanine firm.
2 min read · 29 April 2013
Halifax, Nova Scotia-based start-up Novawise Inc., a specialist in mobile data collection software that offers businesses a new way to capture complex data using any mobile device, has secured investment from First Angel Network, an organization of angel investors based in Atlantic Canada. The investment, the amount of which was undisclosed, surpassed its target by 50%, according to the company. In 2012, Novawise also received the backing of Saint John, New Brunswick-based East Valley Ventures.
2 min read · 29 April 2013
Canadian private equity firm Catalyst Capital Group has expressed concern about the restructuring process recently entered into by Toronto's Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc. Catalyst, which holds Mobilicity bonds, noted that proposed plans might impair the company's ability to grow and serve customers, as well as the company's ability to be successfully sold. Catalyst said it would actively support restructuring that respected stakeholder rights and that led "to a successful and viable major mobile player."
2 min read · 29 April 2013
Canadian private equity firm the Fonds de solidarité des travailleurs du Québec (FTQ) has invested approximately $125,000 in NQ Exploration Inc., a mining exploration company with a portfolio of eleven gold, silver, and base metal mining properties in the James Bay and Abitibi regions of Québec. NQ Exploration is publicly-owned and is based in Montréal.
1 min read · 29 April 2013
Swiss private equity firm Pala Investments has made another investment of approximately $5.1 million in Vancouver-based Nevada Copper Corporation. Nevada Copper is a large advanced stage development copper property with substantial reserves and resources including copper, gold, silver, and iron. Pala has backed the company since 2010, and now owns around 45.7% of its issued and outstanding common shares.
2 min read · 29 April 2013
JOG Capital is weeks away from capping its sixth partnership, peHUB Canada has learned. The Calgary-based private equity firm, which focuses on the energy sector, confirmed that it has has secured $510 million to date for its sixth fund, or 57% more than its previous fund.
4 min read · 29 April 2013
The Federal Economic Development Agency for Southern Ontario has invested up to $1.85 million in three Ottawa-based technology companies and Capital Angel Network. Investee 360pi Corp., a software developer focused on price and product intelligence, also received $1.7 million from angel investors and MaRS Investment Accelerator Fund (IAF). SWIX Inc., which is focused on social media marketing and analytics, also received $1 million from GrowthWorks. Therapeutic Monitoring Systems, which has developed clinical decision support software, also received $1.7 million from Genesys Capital, MaRS IAF and other investors.
6 min read · 26 April 2013
U.S. specialty chemicals company Rockwood Holdings Inc. has attracted bids from private equity groups for its industrial ceramics unit CeramTec, people familiar with the deal said.
2 min read · 26 April 2013
