OMERS Private Equity has agreed to acquire Alexander Mann Solutions, a London-based provider of talent acquisition and management services. The deal, expected to close in the second quarter, is valued at $1.1 billion. The seller is New Mountain Capital, which bought the company in 2013. Established in 1996, Alexander Mann serves more than 100 clients across seven industries in over 85 countries.
3 min read · 14 May 2018
Acasta Enterprises Inc (TSX: AEF) has agreed to sell JemPak Corp, a Concord, Ontario-based maker and distributor of store-brand laundry and dish-cleaning products. Acasta agreed to sell JemPak to the Canadian affiliate of Henkel AG & Co KGaA, a German chemical and consumer goods company, for $118 million on a cash-free and debt-free basis. Acasta acquired the company last year. At the time of the deal's announcement in late 2016, the Canadian special purpose acquisition corporation (SPAC) said it would buy JemPak for about $135 million in cash and stock. The sale's proceeds will be used to pay down Acasta's debt.
2 min read · 11 May 2018
Klashwerks, a connected car technology company, has raised an undisclosed seed-stage financing. The round was led by Canadian venture capital firm Celtic House Venture Partners. It was joined by FundFire and MaRS Investment Accelerator Fund. Founded in 2016 by CEO Russell Ure and Dan Carruthers, Ottawa-based Klashwerks' flagship product is Raven, a comprehensive solution for connecting drivers with their cars. Its cameras, navigation, diagnostics, data and mobile app help monitor road conditions, auto security and the whereabouts of family members. Klashwerks said Raven is the first of many products to come.
5 min read · 10 May 2018
TIMIA Capital Corp has provided an investment facility of $2 million to Vonigo Software Ltd, a Vancouver-based online business management platform that helps streamline operations and increase sales of mobile service companies. TIMIA, a Canadian revenue financing firm, will disburse an initial $700,000 and provide a further $1.3 million as the company meets certain milestones. Vonigo was founded in 2010 by CEO John Carter and CTO Roman Azbel. The deal with TIMIA is intended to support the company's growth plans.
2 min read · 10 May 2018
Imperial Capital Group more than tripled the money it put into Dental Corp of Canada following L Catterton’s investment in the company, a person with knowledge of the matter told PE Hub Canada. Dentalcorp, Canada’s largest network of dental clinics, last week said it raised a significant investment from L Catterton. Terms weren’t disclosed. The deal generated 3.5 x Imperial’s nearly four-year investment, which translates into an IRR of 50 percent, the source said.
3 min read · 10 May 2018
OMERS Private Equity (OPE) has agreed to acquire Alexander Mann Solutions, a London-based provider of talent acquisition and management services. The deal, expected to close in the second quarter, is valued at £820 million (US$1.1 billion). The seller is U.S. alternative investment firm New Mountain Capital, which bought the company in 2013. Established in 1996, Alexander Mann serves more than 100 clients across seven industries in over 85 countries. OPE said it will support deepening and expanding the company's sector and geographic focus, invest in technology, and back Alexander Mann's consolidation strategy.
3 min read · 10 May 2018
3 min read · 10 May 2018
Ben-Mor, a Sainte-Hyacinthe, Québec-based sling and cable assembly manufacturer, recently acquired two Canadian companies operating in the lifting equipment sector. The companies are Winnipeg-based Saturn Industries Ltd and Roughrider Rigging Ltd, which has facilities in Saskatoon and Regina. No financial terms were released. Both acquisitions were backed by BDC Capital's Growth and Transition Capital division. BDC provided an undisclosed unitranche financing solution, which combines different types of secured and unsecured debt. Founded in 1992, Ben-Mor is led by President and CEO Benoît Frappier.
3 min read · 10 May 2018
Canadian early-stage venture capital firm Brightspark has hired Jacques Perreault as a senior partner. Operating from the firm's office in Montréal, Perreault will evaluate startups, create deal flow, and support new and existing investments. He joins Brightspark after working for 20 years in senior roles in the VC industry, most recently at Desjardins Capital, where he served as associate vice president of technology investments. Before joining Desjardins in 2008, Perreault served as a vice president at MMV Financial and as a partner at Caisse de dépôt et de placement du Québec's technology affiliate.
3 min read · 10 May 2018
Motion Gestures, a provider of machine learning-based gesture recognition software, has raised about $2.1 million (US$1.65 million) in a seed-stage financing. The round was led by China Canada Angels Alliance (CCAA) and joined by Golden Triangle Angel Network, Keiretsu Forum and Propel(x). Founded in 2016, Motion Gestures' software can be used to create gesture recognition-based human-machine interfaces for products and services in a variety of business verticals. Led by CEO Kashif Kahn, the Waterloo-based company will use the funds raised to further develop its technology and launch global marketing.
3 min read · 09 May 2018
