Book4Time, a Markham, Ontario-based cloud business management software platform for the spa and wellness industry, has raised a monthly-recurring-revenue loan of $2.5 million. The source of the loan was the growth and transition capital group of BDC Capital. Founded in 2004 by CEO Roger Sholanki, Book4Time provides a software-as-a-service solution to more than 3,000 luxury and chain spas in over 70 countries. The company will use the funds raised to accelerate growth over the next three years, by hiring staff for sales and marketing, R&D and operations and expanding its headquarters.
3 min read · 16 January 2019
4 min read · 16 January 2019
Bold Commerce, a Winnipeg-based developer of e-commerce software solutions, has raised C$22 million in a Series A financing. The investors were Canadian venture capital firms Whitecap Venture Partners and Round13 Capital. Whitecap Managing Partner Carey Diamond and Round13 Partner Craig Strong will join the board. Founded in 2012 by CEO Yvan Boisjoli, CTO Eric Boisjoli, CBO Stefan Maynard and Vice President, Growth Jay Myers, Bold provides a range of e-commerce apps to more than 86,000 wholesale and business-to-business merchants worldwide.
3 min read · 16 January 2019
CoolIT Systems, a Calgary-based liquid cooling technology company, has raised undisclosed debt financing from Vistara Capital Partners. Vistara invested through its third technology debt fund, Vistara Technology Growth Fund III, which was launched in October with a $130 million (US$100 million) target. Founded in 2001, CoolIT provides modular, scalable liquid cooling solutions for data centres. It will use the funds raised to expand production capacity in response to demand from new and existing global customers. CoolIT is backed by Canadian venture capital firm iNovia Capital, U.S. firm Chart Venture Partners and other investors.
3 min read · 16 January 2019
Veeam Software, a Baar, Switzerland-based provider of data management solutions for the public and private cloud, has secured a US$500 million investment. The investment was made by U.S. venture capital and private equity firm Insight Venture Partners, with "strong" participation from Canada Pension Plan Investment Board (CPPIB). Founded in 2006, Veeam provides backup solutions that enable intelligent data management for more than 325,000 customers worldwide. The deal's proceeds will help accelerate the next phase of the company's organic and acquisition-based growth.
5 min read · 16 January 2019
Foodtastic Inc has acquired Les Rotisseries Au Coq, a Montréal-based specialist in delivery and carry-out rotisserie style chicken. No financial terms were disclosed. Au Coq was established in 1960 by the Benny family. Foodtastic, a Montréal-based franchisor of restaurant concepts, said the deal is in line with a strategy of acquiring local brands with growth potential that complement its existing portfolio. Au Coq is Foodtastic’s second acquisition since it secured a $47 million investment in November from Restaurant Royalty Partners, a joint venture of Oaktree Capital Management and JHR Capital.
2 min read · 16 January 2019
Canadian private equity firm PFM Capital has secured more than $80 million in the first close of Apex III Investment Fund LP. The fund, which has a target of $100 million and a hard cap of $125 million, was backed by wealthy and institutional investors. It is expected to wrap up in the first half of 2019. Apex III will invest equity, quasi-equity or subordinated debt in mid-market companies in energy, value-added agriculture, industrial and manufacturing sectors in Western Canada. The capital will be used mostly for expansions, acquisitions and management buyouts. Established in 1989, Regina-based PFM is led by President and Founding Partner Randy Beattie.
3 min read · 16 January 2019
IAM Private Debt Group, an affiliate of Integrated Asset Management Corp (IAM), has secured $843 million in the close of its sixth private corporate debt fund. The close brings the group's total assets managed and committed capital to about $3.1 billion. Since 2005, it has raised more than $3.5 billion from Canadian pension funds, endowments, insurers and other institutional investors. Led by President Philip Robson, IAM Private Debt Group provides term loans of $10 million-plus to mid-market companies for refinancings, acquisitions, plant expansions or modernizations, project financings and management buyouts. IAM is a Toronto-based alternative asset management firm.
2 min read · 16 January 2019
Bold Commerce, a Winnipeg-based developer of e-commerce software solutions, has raised $22 million in a Series A financing. The investors were Canadian venture capital firms Whitecap Venture Partners and Round13 Capital. Whitecap's Carey Diamond and Round13's Craig Strong will join the board. Founded in 2012 by CEO Yvan Boisjoli, CTO Eric Boisjoli, CBO Stefan Maynard and Vice President, Growth Jay Myers, Bold provides a range of e-commerce apps to more than 86,000 wholesale and business-to-business merchants worldwide. It will use the funds raised to add artificial intelligence-based solutions and other enhancements to its platform and scale operations.
3 min read · 16 January 2019
Canadian private equity firm Equicapita last month acquired Shaw Group of Dental Laboratories, a Toronto-based network of dental laboratories. No financial terms were disclosed. The seller was the company's owner-operator James Kerr. Established in 1944, Shaw Group has a customer base that includes more than 1,500 dentistry professionals located in Canada and the United States. The acquisition is Equicapita's tenth to date and its first in the healthcare sector. It was led by Managing Director Adam Jezewski. This week, Equicapita announced Ali Rezaei joined Shaw Group as deal partner, CEO and president.
3 min read · 15 January 2019
