2 min read · 11 February 2013
2 min read · 11 February 2013
3 min read · 11 February 2013
2 min read · 11 February 2013
Wellington Financial LP, a privately-held specialty finance firm based in Toronto, Ontario, has completed its first disclosed transaction since the C$190 million second close of the firm's latest partnership,Wellington Financial Fund IV, last month. Wellington has invested C$10 million in venture debt in an undisclosed network technology company. The company is currently backed by Canadian and US venture capital firms.
2 min read · 08 February 2013
Jobber Inc.,a provider of cloud-based software for small and medium-sized businesses in field service industries, has secured new financing from the company's existing Canadian and European backers. The Edmonton, Alberta-based startup received C$500,000 from venture capital firms Version One Ventures and Point Nine Capital, which contributed to Jobber's seed-stage funding in February, 2012. Jobber will use the new monies to continue improving its software, adding to its team, and reaching deeper into field service verticals.
3 min read · 08 February 2013
Apollo Global Management LLC reported a 95 percent rise in quarterly earnings, as strong gains in private equity profits, driven by asset sales, more than compensated for a drop in income in its credit investment business, sister news service Reuters reported. Credit investments, such as non-performing loans, distressed debt and fixed income, now account for more than half of Apollo’s assets, but it was private equity that put in a strong showing in the quarter as the firm sold stakes in companies.
3 min read · 08 February 2013
TurboSonic Technologies, Inc., a Waterloo, Ontario-based company that designs and supplies air pollution control and liquid atomization technologies to industrial customers, has been acquired by MEGTEC Systems Inc. of DePere, Wisconsin, which operates in the same industry sector. The financial terms of the transaction were not released. MEGTEC has been a portfolio company of US private equity firm Hamilton Robinson Capital Partners since the latter facilitated the company's emergence via a corporate carve-out deal in 2008.
2 min read · 08 February 2013
Bonnefield Financial, a Canadian private equity firm specializing in farmland investment and management, has closed its second partnership, Bonnefield Canadian Farmland LP II, at C$22.5 million. Like LP I, proceeds from Bonnefield's latest fund will used chiefly to provide Canadian farmers with land-lease financing to help fund their growth and their succession plans, as well as to help them reduce debt and improve profitability. The president of Bonnefield is private equity professional Tom Eisenhauer, who previously managed the technology-focused small-cap buyout firm Latitude Partners.
2 min read · 08 February 2013
Canadian private equity fund Capital régional et coopératif Desjardins, managed by Desjardins Capital de risque, has made a control-stake investment totaling C$15.5 million in Urecon Ltd., a manufacturer of insulated pipes used mainly in municipal and mining works, and based in St. Lazare-de-Vaudreuil, Québec. The buyout transaction, which Desjardins undertook with senior managers at Urecon, will help the company optimize its business management and ramp up growth, and avoid foreign acquisition.
2 min read · 08 February 2013
