Constellation Software Inc., a Toronto-based software provider, recently acquired Albat+Wirsam Software GmbH, a company focused on software solutions for the flat glass industry, and based in Linden, Germany. The seller in the transaction, valued at an estimated €18 million, was Helsinki, Finland-based Glaston Corp. Constellation Software is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000. OMERS sold part of its stake in the company in 2012 for gross proceeds of C$173 million.
2 min read · 13 February 2013
Scott Werry, who worked at Providence Equity Partners since 2005, has joined Altas Partners as a Principal. Mr. Werry's experience includes serving on the Board of Directors of Q9 Networks Inc., acquired in a buyout deal in 2012, and a role at McColl Partners, a mid-market investment banking firm. The Toronto-based Altas, which is focused on core private equity and long-term investment horizons, was founded in 2012 by Andrew Sheiner, former Managing Director at Onex Corp.
2 min read · 13 February 2013
1 min read · 12 February 2013
OMERS Ventures, the VC investment arm of Canadian pension fund Ontario Municipal Employees Retirement System (OMERS), recently recruited three technology entrepreneurs to the firm's advisory board. The new board members are: Ken Nickerson, currently CEO of private investment and R&D firm iBinary LLC, Michael Serbinis, the Founder and CEO at Kobo Inc., and Steven Woods, Site Lead and Engineering Director at Google’s product development location in Kitchener-Waterloo, Ontario.
3 min read · 12 February 2013
Dartmouth, Nova Scotia-based A.W. Leil Holdings Ltd., a crane rental and lift services business, has acquired all of the assets of Partners Cranes of Pictou, Nova Scotia, which operates in the same industry sector. Canadian buyout firm SeaFort Capital, which bought A.W. Leil in November, 2012, made an additional investment in the company to support the strategic acquisition. The financial terms of the deal were not disclosed. SeaFort Capital was launched last year with the backing of the McCain and Sobey families.
2 min read · 12 February 2013
Colleen Sellers, who is credited with building out the private equity funds-of-funds business at Deutsche Bank, is leaving, several sources tell sister Web site peHUB.
2 min read · 12 February 2013
Film and TV producer Entertainment One Ltd. (eOne) has named its new Canadian management team following the takeover of Alliance Films Inc. for C$225 million. David Reckziegel will oversee North American operations, including the combined Canadian group, as President, eOne Films North America. Additionally, Bryan Gliserman and Noah Segal will oversee eOne Films Canada, including the former Alliance Films teams, as Co-Presidents. EOne is a portfolio company of British private equity firm Marwyn Invesment Management LLP.
3 min read · 12 February 2013
20-20 Technologies Inc., a Laval, Québec-based provider of 3D interior design and furniture manufacturing software, has appointed a new Chief Executive Officer (CEO). Mark Goldstein, formerly CEO of Abaqus Inc. and Dassault Systèmes SIMULA, succeeds Tom Tiernan, who was appointed interim CEO of 20-20 Technologies in November, 2012, following the company's take-private acquisition by US private equity firm Vector Capital for C$77 million.
3 min read · 12 February 2013
Northleaf Capital Partners, a C$4.5 billion private equity and funds-of-funds manager and advisor based in Toronto, expanded its Menlo Park operations with the hire of Vishal Shah as Senior Associate. Vishal will be involved in all of Northleaf’s private equity investment activities, with a particular focus on the origination and evaluation of primary fund investments and co-investments. Prior to joining Northleaf, Vishal was a Senior Associate with Bay Hills Capital.
2 min read · 12 February 2013
TransForce Inc., a Saint-Laurent, Québec-based provider of transportation and logistics services, acquired the shares and subsidiaries of Velocity Express LLC, a Stafford, Texas-based company operating in the same industry sector. The terms of the transaction were not released. Velocity Express has been a portfolio company of US private equity firm Comvest Partners. TransForce is backed by Fonds de solidarité des travailleurs du Québec (FTQ).
2 min read · 12 February 2013
