Cardiac Dimensions, a U.S. developer of minimally invasive treatments for patients with heart failure, has secured US$39 million in a Series B financing. The round was backed by Australia's Hostplus, a new investor in the company, as well as venture debt from Oxford Finance and support from existing investors, among them Canadian life sciences venture capital firm Lumira Capital. Cardiac, which has its headquarters in Kirkland, Washington, will use the funds raised for clinical studies, including for its Carillon Mitral Contour System, and for commercial expansion in Europe and Australia.
5 min read · 26 April 2018
Regal Ware Inc earlier this month acquired Espro Inc, a Vancouver maker of premium coffee and tea presses and accessories. No financial terms were disclosed. As a result, Espro will become a division of Regal Ware, a U.S. producer of stainless steel and cast aluminum cookware. Espro's founders, Bruce Constantine and Chris McLean, will continue to run the business. Established in 2004, Espro has been since 2014 a portfolio investment of First West Capital, a private equity affiliate of Canadian credit union First West Credit Union.
3 min read · 26 April 2018
Ontario Teachers’ Pension Plan has agreed to sell its 33 percent stake in Bridon-Bekaert Ropes Group (BBRG), a Belgian supplier of advanced cords and ropes to customers in oil and gas, mining, crane, elevator and other industries. No financial terms were released for the deal, which is expected to close in the months ahead. The buyer is Bekaert Group, which partnered with Ontario Teachers' in establishing the business two years ago. BBRG was the result of a merger of Bekaert's rope business with that of U.K.-based Bridon, acquired by Ontario Teachers’ in 2014.
3 min read · 26 April 2018
New York-based financial technology company Tradewind has raised US$10.6 million in financing, bringing its total funding so far to US$22.8 million. The latest round was led by Canadian mining companies Agnico Eagle Mines Ltd, Iamgold Corp and Wheaton Precious Metals Corp. They were joined by new and existing investors Goldcorp Inc, Sapphire Ventures and Sprott Inc. Founded in 2016, Tradewind has built a platform for digitizing the trading, settlement, and ownership of precious metals. The funds raised will be used for the company's expansion into global markets and extended functionality of its platform.
2 min read · 26 April 2018
Ceridian HCM Holding Inc has priced its initial public offering of 21 million shares on the New York Stock Exchange and Toronto Stock Exchange at US$22 per unit. The Globe and Mail reported the company is set to raise more than US$600 million. Concurrent with the IPO, Thomas H. Lee Partners and Cannae Investors, which acquired Ceridian in 2007 for US$5.3 billion, agreed to invest US$100 million more via a private placement. Ceridian, a Minneapolis, Minnesota-based human resources software and service solutions provider, is led by Canadian entrepreneur David Ossip.
4 min read · 26 April 2018
ServiceNow (NYSE: NOW) has agreed to acquire VendorHawk, a Seattle, Washington-based software-as-a-service vendor management platform. No financial terms were released for the all-cash deal, which is expected to close this month. ServiceNow, a Santa Clara, California-based enterprise information technology solutions provider, said the buy will help expand its capabilities in software asset management. Founded in 2015, VendorHawk last year raised US$1.2 million in a seed-stage financing led by Canadian venture capital firm iNovia Capital.
3 min read · 25 April 2018
Brazil Tower Co (BTC), a São Paulo-based builder, developer and owner of wireless and broadcast communications towers, has closed a US$79 million first tranche of a US$104 million senior secured debt financing. The tranche was provided by three lenders led by Cordiant Capital, a Canadian emerging markets private credit firm. The proceeds will be used to fund construction of the company's contracted pipeline and refinance debt. BTC, which has built and operates more than 600 towers in Brazil, is backed by 1848 Capital Partners.
3 min read · 25 April 2018
BuildingConnected, a San Francisco-based provider of communication software to the construction industry, has raised US$15 million in new funding. The round's sole investor was Brookfield Ventures, the new venture capital fund of Canada's Brookfield Asset Management. BuildingConnected's software is designed for real estate owners and general contractors to facilitate selecting contractors for construction projects. Also backed by Crosslink Capital, Lightspeed Ventures and others, the company will use the funds raised to expand its geographic footprint and develop new products.
3 min read · 25 April 2018
3 min read · 25 April 2018
3 min read · 25 April 2018
