Brad Meikle

Adaptive Planning Adds CFO

David Pefley is joining California-based Adaptive Planning, a corporate performance management software tool, as CFO. Adaptive Planning is funded by by Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.

VCJ Year in Review: Canada's Obscure Startups Break Out

More U.S.-based VCs and acquirers came up to Canada in 2012, looking for good deal flow, rational valuations and inexpensive buys.

Calgary's Sustainable Energy Technologies Seals $500,000

Sustainable Energy Technologies Ltd. has sealed a $500,000 equity financing with Doughty Hanson Technology Venture, the company announced. The company also announced a consolidation of its issued and outstanding common shares on the basis of ten old common shares for one new common share. Sustainable Energy designs and manufactures "advanced power electronics for distributed smart grid and micro-grid applications."

Pinetree Capital Buys Stake in War Eagle

Pinetree Capital has acquired a stake in War Eagle Mining Company Inc., the firm announced. Pinetree is based in Toronto and is publicly traded.

Brookfield Buys Verde Realty

Brookfield Asset Management has acquired a majority ownership position in Verde Realty. Brookfield will take roughly 81% of the company, which owns more than 100 industrial distribution facilities along the U.S. and Mexican border. Terms of the deal were not released.

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Rivals Eye Tribune Papers In Chapter 11

Carlyle Group May Sell Stake In Medical Park

U.S. private equity firm The Carlyle Group may complete the sale of its shares in Medical Park in the first half of 2013, the Turkish hospital group’s chairman said.

One Equity Vies For Stake In Turkey

M&A Exits Steady; LBO-Backed IPOs Hit 40 In 2012

M&A exit activity by U.S.-based financial sponsors held steady throughout 2012, with each quarter yielding at least 100 transactions. The IPO option as an exit strategy also proved popular, and a majority of the sponsored business that went public headed into New Year’s in the black.