EnCompass Technologies Inc., a Calgary-based provider of ETRM software to energy traders and marketers, covering physical and financial energy market transactions, has been acquired for an undisclosed amount by Eka Software Solutions Pvt. Ltd. Eka, a software company that enables businesses to trade in commodities, is based in Bangalore, India and is backed by Indian venture capital firm Nexus Venture Partners.
3 min read · 19 April 2013
Global crowdfunding platforms raised US$2.7 billion and funded more than 1 million campaigns in 2012, according to a report produced by industry research firm Massolution. As a result, crowdfunding activity last year was 81% greater than activity in 2011. The Massolution report, 2013CF The Crowdfunding Industry Report, forecasts a further increase in global crowdfunding volumes to as much as US$5.1 billion in 2013.
1 min read · 19 April 2013
As reported by peHUB, Silver Lake Partners has closed its latest large-cap technology-focused buyout fund, Silver Lake Partners IV at US$10.3 billion. The firm, which is bidding for Dell, said it received US$10 billion in new capital commitments from limited partners. According to a report by Bloomberg, this includes Canada Pension Plan Investment Board, which was said to have made "a significant commitment to the Silver Lake pool."
1 min read · 19 April 2013
The Blackstone Group LP has ended its pursuit of Dell Inc., easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world’s No. 3 PC maker, sister news service Reuters reported.
2 min read · 19 April 2013
Silver Lake, the partner of Michael Dell in a $24.4 billion deal to take Dell Inc. private, said on April 18 that it had raised $10.3 billion from investors for its latest private equity fund, the largest of its kind to focus on technology.
3 min read · 19 April 2013
Around the world announced mid-market M&A volume, defined as deals up to $500 million, including those that didn’t disclose deal values, hit $152.5 billion in the first quarter.
1 min read · 19 April 2013
Waterloo, Ontario-based Top Hat Monocle Inc., a provider of technology-based classroom and homework innovations, has appointed two new members of its management team. SaaS industry veteran Ralf Riekers joins the company as chief financial officer and educational industry executive Malgosia Green joins as chief product offficer. Top Hat has been venture-backed since 2011. Its backers include Emergence Capital Partners, iNovia Capital, Golden Venture Partners, SoftTech VC and Version One Ventures.
3 min read · 18 April 2013
The New York Public Service Commission has approved a plan to build the Champlain Hudson Power Express transmission line, capable of moving 1,000 megawatts of hydropower over a 330-mile distance from Québec to New York City. According to Reuters, developer Transmission Developers Inc., whose lead investor is U.S. private equity firm Blackstone Group, has estimated the project will take over three years to construct at an estimated cost of US$2.2 billion. The Québec part of the line will be developed by Hydro-Québec.
4 min read · 18 April 2013
Sustainable Energy Technologies Ltd., a Calgary-based designer, manufacturer and distributor of power inverters for grid-connected solar PV systems, announced that it has received an additional C$500,000 in funding from a private investor. Last month, British venture capital firm Doughty Hanson Technology Ventures also invested C$500,000 in the company, which it has backed since 2009.
3 min read · 18 April 2013
Montréal-based engineering services provider Genivar Inc. has announced a structural reorganization and rebranding that will give the company a new name: WSP Global Inc. The decision follows Genivar's merger with U.K.-based WSP Group PLC in August, 2012. That event was backed by investors the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board, which together own around 30.2% of the company's outstanding common shares.
6 min read · 18 April 2013
