Trescal SA has closed acquisitions of Gero of Brazil, MCS Laboratory AG of Switzerland and Integrated Service Solutions (ISS) of Philadelphia, Pennsylvania, all of them specialty providers of calibration services. No financial terms were disclosed. Trescal, a Paris-based calibration specialist and services provider to the testing and measuring equipment market, said the deals strengthen its market presence in Brazil, Switzerland and the United States. Gero, MCS and ISS are the 12th, 13th and 14th acquisitions by Trescal since it was bought in 2018 by OMERS Private Equity, an investment arm of Canadian pension fund OMERS, in a deal valued at US$787 million.
3 min read · 14 May 2019
Pacific Oil and Gas Ltd (PO&G) has agreed to acquire Canbriam Energy Inc, a Calgary-based developer of liquids-rich natural gas resources. Terms weren't released for the deal, which is expected to close before July 1, 2019. Shareholders accounting for more than 90 percent of Canbriam's outstanding shares have agreed to vote for the transaction. The company's owners include ARC Financial Corp, Ontario Teachers’ Pension Plan and Warburg Pincus. PO&G is the energy development affiliate of Singapore conglomerate Royal Golden Eagle. Canbriam and PO&G said the deal will create a well-capitalized Canadian growth platform positioned to develop Canbriam's asset base in the Montney region of British Columbia.
4 min read · 14 May 2019
Pegasystems Inc (Nasdaq: PEGA) has acquired In The Chat Communications (ITC), a Waterloo-based digital messaging platform. Terms weren’t disclosed. Founded in 2010 by President and CEO John Huehn, ITC helps businesses more effectively find and engage with customers through social media. Pegasystems, a Cambridge, Massachusetts-based software company, said ITC’s platform will be integrated with its artificial intelligence-powered customer engagement solutions. ITC was a portfolio company of Canadian seed-stage investor MaRS Investment Accelerator Fund.
2 min read · 13 May 2019
Galvanize Inc, formerly ACL Services Ltd, a Vancouver-based governance, risk management and compliance software provider, is preparing for an initial public offering (IPO), according to a report by the Globe and Mail. President and CEO Laurie Schultz told the Globe that Galvanize aims to be "public company-ready by 2022." Founded in 1987, Galvanize two years ago secured a $50 million minority investment from U.S. venture capital and growth equity firm Norwest Venture Partners. The deal was intended to accelerate the company’s consolidation of the integrated risk and performance software market. The Globe said Norwest has invested a total of US$70 million in Galvanize.
1 min read · 13 May 2019
Pegasystems Inc (Nasdaq: PEGA) has acquired In The Chat Communications (ITC), a Waterloo-based digital messaging platform. Terms weren't disclosed. Founded in 2010 by President and CEO John Huehn, ITC helps businesses more effectively find and engage with customers through social media. Pegasystems, a Cambridge, Massachusetts-based software company, said ITC's platform will be integrated with its artificial intelligence-powered customer engagement solutions. ITC was a portfolio company of Canadian seed-stage investor MaRS Investment Accelerator Fund.
2 min read · 13 May 2019
SalesRight, a Halifax-based software-as-a-service platform for business-to-business sales teams, has raised $250,000 in a pre-seed financing. The round was led by Concrete Ventures, a Canadian venture capital firm focused on early-stage opportunities in the Atlantic region. The investment is Concrete's first, according to a report by Entrevestor. Founded last year by CEO Bill Wilson, Head of Growth Taylor Bond and CFO Greg Toner, SalesRight helps sales teams enhance the buying experience through interactive and intelligent pricing. SalesRight will use the funds raised for new hires.
3 min read · 13 May 2019
SalesRight, a Halifax-based software-as-a-service platform for business-to-business sales teams, has raised $250,000 in a pre-seed financing. The round was led by Concrete Ventures, a Canadian venture capital firm focused on early-stage opportunities in the Atlantic region. The investment is Concrete's first, according to a report by Entrevestor. Founded last year by CEO Bill Wilson, Head of Growth Taylor Bond and CFO Greg Toner, SalesRight helps sales teams enhance the buying experience through interactive and intelligent pricing. SalesRight will use the funds raised for new hires.
3 min read · 13 May 2019
RLDatix has agreed to acquire iContracts, a Bridgewater, New Jersey-based provider of contract, policy and revenue management solutions to the healthcare and life sciences industries. Terms weren't released for the deal, which is expected to close in the weeks ahead. RLDatix, a patient safety software platform based in Toronto and London, the United Kingdom, said the deal broadens its reach in the governance, risk management and compliance space. RLDatix, owned by Five Arrows Principal Investments and TA Associates, was formed last year with the merger of RL Solutions and Datix. Susquehanna Growth Equity, which backs iContracts, will become an investor in the combined business.
3 min read · 13 May 2019
Caisse de dépôt et placement du Québec (CDPQ) has agreed to partner with Lightsource BP in a $260 million (£150 million) debt investment in a portfolio of solar assets. The facility will initially be used to finance more than 100 solar projects located internationally and totalling over 700 megawatts. The portfolio is owned by Lightsource BP, a London, U.K.-based funder, developer, acquirer and operator of solar assets. Over time, the facility could expand with further investment from CDPQ financing assets developed through Lightsource BP's pipeline. CDPQ said the deal is part of its strategy to address climate change and capture opportunities from the transition to a low-carbon economy.
4 min read · 13 May 2019
BDC Capital recently provided $6 million in mezzanine financing for the acquisition by Lynx Equity of Alpine Shredders, a Kitchener, Ontario-based provider of mobile shredding trucks. Lynx, a Canadian private equity firm, announced it had acquired the company in February. No financial terms were disclosed. BDC invested through its Growth & Transition Capital group. The transaction was led by Director Mark Lunick. Established in 2004, Alpine designs and builds paper shredding and mobile truck equipment for the North American market.
2 min read · 13 May 2019
