Toronto-based Xceed Mortgage Corp., a provider of residential mortgages, has agreed to be acquired by MCAN Mortgage Corp. Under the terms of the deal, MCAN will purchase 100% of the issued and outstanding shares of Xceed for $1.75 per share. The transaction has been estimated to value around C$53 million. One of Xceed's investors is Canadian private merchant bank Windsor Private Capital.
5 min read · 28 March 2013
Asian Mineral Resources Ltd., a Toronto-based exploration and mining company with projects in Vietnam, has received additional investment from Pala Investments, a Swiss private equity firm focused on the mining sector. The total consideration for Pala's latest share purchase was C$12.4 million. Upon completion of the transaction, Pala will own approximately 80.9% of the company's issued and outstanding shares on a partially diluted basis.
4 min read · 28 March 2013
Ontario Teachers' Pension Plan will acquire 70% of telecommunications assets owned by Sydney, Australia-based developer and contractor Leighton Holdings Ltd. The acquisition involves three individual companies, Nextgen Networks, Metronode and Infoplex, which have a combined sales value of approximately A$885 million (C$902 million). The transaction is expected to be completed in mid-2013.
2 min read · 28 March 2013
Canadian private equity firm Wesley Clover International Corp. (WCIC) recently acquired an interest in Ottawa-based Magor Corp., which specializes in visual collaboration solutions. With the closing of Major's qualifying transaction and additional share purchases, WCIC will own approximately 30.2% of the company's issued and outstanding common shares. WCIC's Terry Matthews told BNN that Magor's current market of C$15 billion is likely to double in the next few years.
2 min read · 28 March 2013
StorageVault Canada Inc., a Regina, Saskatchewan-based company which owns and operates storage facilities across Canada, has acquired Airport Road Self Storage, a self-storage facility located in London, Ontario. The purchase price was C$2.6 million. StorageVault, which was founded in 2007, is backed by funds managed by Canadian private equity and venture capital firm PFM Capital.
3 min read · 28 March 2013
CDJ Global Catalyst recently completed its acquisition of C.A. Bancorp (CAB) a Toronto-based merchant bank. The deal involved the purchase all of the firm's issued and outstanding common shares for C$3.2 per share. CDJ announced it will begin managing all of CAB's existing portfolio investments, with a particular focus on realizing the potential of the firm's investment in Burnaby, British Columbia-based Digital Payment Technologies Corp., a developer of parking management solutions.
3 min read · 27 March 2013
Sustainable Energy Technologies, a Calgary-based designer, manufacturer and distributor of power inverters for grid-connected solar PV systems, announced that it has received a $500K investment from UK-based Doughty Hanson Technology Ventures. Doughty Hanson has been investing in Sustainable Energy Technologies since 2009.
3 min read · 27 March 2013
Canadian specialty pharmaceuticals and medical device company Angiotech Pharmaceuticals Inc. has entered into an agreement to sell its interventional products business unit to Argon Medical Devices Inc. for C$362.5 million in cash. The transaction is expected to be completed before the end of April 2013. Plano, Texas-based Argon has been a portfolio company of US private equity firm RoundTable Healthcare Partners since 2003.
9 min read · 27 March 2013
Waterloo-based commercialization hub Communitech Ltd. announced it is teaming up with Canadian Tire Corp., which has has taken up space in the hub’s concourse area, near those occupied by other major brands, including BlackBerry and Google. Canadian Tire is collaborating with Communitech in an initiative intended to support and update the company's retail sales activities.
3 min read · 27 March 2013
Toronto-based Return On Innovation Advisors Ltd. (ROI Capital) has announced a leadership transition in which founding partner Wilfred Vos succeeds David Sharpe as president. Mr. Vos joined the firm over seven years ago as a founding partner, responsible for product development, management and new initiatives for ROI Capital, an active Canadian private equity investor.
3 min read · 27 March 2013
