1 min read · 15 April 2013
Vancouver, B.C.-based Northern Freegold Resources Ltd., a precious metals exploration and development company focused on a gold and copper project in the Yukon, has received an equity investment totaling C$500,000 from Sino-Canada Natural Resources Fund I. The Sino-Canada Natural Resources Fund, which is managed by CapitalAsia, makes private equity investments in Canadian resource extraction companies on behalf of Chinese limited partners.
4 min read · 15 April 2013
BioAmber Inc., which has developed a technology platform for converting renewable feedstocks into chemicals including succinic acid, announced IPO plans intended to raise US$128 million. The company, which has offices in Montréal and Minneapolis, Minnesota, will offer shares on the New York Stock Exchange. BioAmber completed its Series C round of venture capital financing totaling US$30 million in 2012. Its backers include Clifton Group, LANXESS, Mitsui, Naxos Capital and Sofinnova Partners.
1 min read · 15 April 2013
Caledon Capital Management has kept a low profile since its founding in 2006 by David Rogers, former head of private equity at Ontario Municipal Employees Retirement System. But that hasn't stopped it from growing to 17 professionals who work on behalf of seven clients, most of them Canadian and U.S. pension plans sized between $3 billion and $20 billion.
3 min read · 15 April 2013
Toronto-based startup Thoughtwire Inc., which delivers business value by rapidly interconnecting software, people and information, has received close to C$2 million from Angel One Network and Golden Triangle Angel Network. The financing was enabled by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), which will invest up to $955,000 in the company's product development and commercialization activity.
3 min read · 12 April 2013
The Saskatchewan government recently reaffirmed its 20% tax credit provided to investors making commitments to provincial retail funds, a move that was welcomed by Golden Opportunities Fund, an affiliate of Saskatoon-based Westcap Management Ltd. The decision was made around the time of the Canadian government's announcement that it will phase out the 15% federal credit by 2017. Golden Opportunities and SaskWorks Venture Fund, managed by PFM Capital, are the province's major retail private equity funds.
3 min read · 12 April 2013
Toronto's Porter Airlines Inc. has signed a conditional purchase agreement for 12 CS100 airliners, with options for an additional 18 CS100 aircraft, from Bombardier Inc. Depending on the orders optioned, Bombardier estimates the contract value could reach US$2.3 billion. Porter president and CEO Robert Deluce said the buy "fits perfectly into our business plans and growth strategy." Porter has been backed by private equity firms Edgestone Capital Partners, OMERS Strategic Investments, GEAMI and Dancap Private Equity since 2006.
6 min read · 12 April 2013
Mobile service providers Mobilicity Inc., Public Mobile Inc. and Wind Mobile Inc. have withdrawn from the Canadian Wireless Telecommunications Association (CWTA), citing "long-standing, mounting frustration with the CWTA’s consistent bias" in favour of larger providers Bell, Rogers and TELUS. Mobilicity has since 2008 been backed by U.S. private equity firm Quadrangle Capital Partners, while Public Mobile has since 2008 been backed by a mix of Canadian and U.S. venture capital and private equity firms.
3 min read · 12 April 2013
If your firm has been raising money, chances are you’ve been getting questions about corporate responsibility. What is your firm doing for the environment and sustainability?
1 min read · 12 April 2013
Mississauga, Ontario-based hockey equipment manufacturer Bauer Performance Sports Ltd. has purchased all of the assets of Combat Sports Group, a designer of composite baseball and softball bats, hockey sticks and lacrosse shafts located in Ottawa. Financial details of the transaction were not disclosed. The publicly-traded Bauer is backed by U.S. private equity firm Kohlberg & Co. and Roustan Capital.
5 min read · 12 April 2013
