1 min read · 14 January 2013
2 min read · 14 January 2013
2 min read · 14 January 2013
Michael J. Brown, Chairman of the Board of Chrysalix Energy Venture Capital, was appointed to the Order of Canada, one of the highest honours awarded to citizens by the Governor General of Canada. Brown is a pioneer of risk financing, having co-founded Ventures West Capital in 1968, an event that was key to the development of today's venture capital industry in Canada. Mr. Brown also co-founded Chrysalix in 2001.
4 min read · 11 January 2013
South Korean private equity firm EQ Partners is reported to be part of the consortium that bought a 15% stake in ArcelorMittal Mines Canada, Inc. (AMMC) from Luxembourg's ArcelorMittal SA for US$1.1 billion. The New York Times reported that EQ Partners is one of the financial investors in the pending deal. South Korean steelmaker POSCO and Taiwan's China Steel Corp. led the investor group, according to the announcement on January 2, 2013 (below). The Montréal- based ArcelorMittal Mines Canada operates a major iron ore mine and related infrastructure in the Labrador Trough of Québec.
3 min read · 11 January 2013
Ottawa-based BTI Systems, Inc. raised US$8.5 million from existing investor Bain Capital Ventures, according to a report by Ottawa Business Journal. BTI Systems, which delivers solutions that empower service and content providers to capitalize on the increasing demand for bandwidth driven by game-changing and long-term trends in mobility, internet video and cloud services, has been backed by Canadian and US venture capital funds since 2000. Its last round of financing, totaling US$23 million, was completed in January, 2012.
1 min read · 11 January 2013
Private equity firm Second City Capital Partners has received commitments totaling C$60 million for its planned energy-focused Second City Capital Partners III LP, according to the Calgary Herald. The partnership, which is targeted to raise C$200 million, obtained its initial backing from Sam Belzberg, founder of the Vancouver, British Columbia-based Second City, and David Pope, who will be joining the firm when it opens a new branch office in Calgary, Alberta. Second City seeks opportunities involving under-valued assets in infrastructure, oil and gas, power, real estate and other sectors.
1 min read · 11 January 2013
PEER 1 Network Enterprises, Inc., a portfolio company of Canadian private equity firm Clairvest Group, agreed in late December 2012 to be acquired by Cogeco Cable Inc. for C$526 million. The expiry date of the pending transaction is January 29. The Vancouver, British Columbia-based PEER 1, an internet infrastructure provider which specializes in managed hosting, dedicated servers, cloud services and colocation, secured a C$25.1 million investment from Clairvest in 2009, reflecting 17.2% of the company's equity.
6 min read · 11 January 2013
Entertainment One, Ltd. has closed its C$225 million takeover of Alliance Films, Inc. The Toronto-based Entertainment One, which specializes in the global acquisition, production and distribution of film and television content, has been owned by British private equity firm Marwyn Invesment Management LLP since 2007. Montréal's Alliance Films, a distributor of motion pictures in Canada and Europe, was also acquired in 2007 by Goldman Sachs Capital Partners and Investissement Québec.
3 min read · 10 January 2013
Persistence Capital Partners (PCP), a private equity firm focused on the healthcare sector, sold its portfolio company MedAxio Insurance Medical Services, Inc. to Gamma-Dynacare Medical Laboratories, Inc., a Canadian subsidiary of the US-based LabCorp. The financial terms of the transaction were not disclosed. The Montréal, Québec-based MedAxio, which provides medical information services to the life insurance industry, was acquired by PCP in 2008.
2 min read · 10 January 2013
