Citron Hygiene LP has acquired Hygiene Solutions Inc, a Chicago-based provider of washroom hygiene services in the Midwestern United States. No financial terms were disclosed. Peter Farrell, CEO of Citron, a Toronto-based provider of washroom hygiene, pest control, and life safety services for commercial facilities, said the purchase supports the company's U.S. growth strategy by building on last year's buy of Workplace Essentials in the Northeastern United States. Citron, a portfolio investment of Canadian private equity firm Birch Hill Equity Partners, plans to continue making acquisitions across North America.
3 min read · 26 January 2018
Vancouver-based gold exploration company Liberty Gold Corp has raised about $10.5 million in proceeds from a bought deal private placement. Resource Capital Funds (RCF) invested in the transaction, which will give the U.S. mining private equity firm 8.4 percent of Liberty's issued and outstanding common shares, and up to 12.1 percent if related warrants are exercised. Liberty, an affiliate of Oxygen Capital Corp, said the proceeds will be used for exploration and drilling programs, to finalize a resource estimate for the company's flagship Goldstrike project in Utah, and other priorities.
3 min read · 26 January 2018
Celestica Inc (TSX, NYSE: CLS) has agreed to acquire Atrenne Integrated Solutions Inc, a New Hope, Minnesota-based designer and maker of ruggedized electromechanical solutions primarily for military and commercial aerospace applications. Celestica will buy the company for about $172 million (US$139 million) in cash. The deal is expected to close in the second quarter. Celestica, a Toronto-based provider of electronics manufacturing services, said the acquisition will broaden and diversify its capabilities in the aerospace and defense markets. Celestica has been a portfolio investment of Canadian private equity firm Onex Corp since 1996.
3 min read · 25 January 2018
OMERS Infrastructure recruited Blackstone Group’s Michael Ryder as a senior managing director and head of its Americas team, a person familiar with the matter told PE Hub Canada. Ryder joins OMERS Infrastructure, an investment arm of Ontario Municipal Employees Retirement System, after more than three years as a Blackstone senior managing director. He led the midstream energy and oilfield-services strategy of Blackstone Energy Partners. Before then, Ryder was for seven years a managing director at Morgan Stanley Private Equity. OMERS Infrastructure invests in large-scale infrastructure businesses in energy, social infrastructure and transportation, primarily in North America, Europe and Australia. Ryder will oversee the Americas infrastructure operation from OMERS' New York office.
2 min read · 25 January 2018
2 min read · 25 January 2018
The technology group of Canadian private equity firm Novacap has agreed to buy Horizon Telcom Inc, a Chillicothe, Ohio-based provider of fibre-optic bandwidth infrastructure services. No financial terms were disclosed for the deal, which will see Novacap acquire the company from its more than 280 shareholders. Horizon will with the acquisition and the finalization of new fibre builds operate 550,000 strand miles of fibre and 4,500 route miles of fibre in six states. Novacap's Ted Mocarski said the deal, expected to close in Q2 2018, marks a stepping-stone for his firm's goal of creating a multi-state fibre-optic provider in the Midwestern United States.
4 min read · 25 January 2018
Stem Inc, a Millbrae, California-based provider of energy storage solutions, has secured $80 million in a Series D financing. The round was led by Activate Capital and joined by Ontario Teachers’ Pension Plan and Singapore’s Temasek. Founded in 2009, Stem’s technology pairs artificial intelligence with energy storage to help reduce electric costs for businesses. Last year, the company had more than 1,100 sites operational or in construction, with an average system size of 500 kilowatt hours, located in the United States, Canada and Japan.
5 min read · 25 January 2018
A record number of Canadian clean technology companies have been named to Cleantech Group's 2018 Global Cleantech 100 list. The list, which recognizes companies that show the greatest potential for market impact, included 13 Canadian companies, up from last year's record of 11. The companies, a high proportion of which are backed by venture capital, are: Awesense, Axine Water Technologies, CarbonCure, Ecobee, Enbala Power Networks, Enerkem, Farmers Edge, GaN Systems, MineSense Technologies, Opus One Solutions, Saltworks Technologies, Semios and Terramera.
4 min read · 24 January 2018
Toronto biotechnology company panCELLa Inc has secured $1 million in a seed-stage financing. The investor was Chiefswood Holdings, a Canadian holding company. The proceeds of the round will be used to begin commercialization of panCELLa's "fail-safe" cell therapy, which is being developed to treat degenerative and malignant disorders, such as Alzheimer's disease and Parkinson's disease. Founded in 2015 by Dr. Andras Nagy and Dr. Armand Keating, panCELLa's technology platform is based on Dr. Nagy's work in the area of stem cell research.
2 min read · 24 January 2018
Benevity Inc, a Calgary-based provider of corporate social responsibility (CSR) and employee engagement software, has raised a strategic investment from U.S. growth equity firm General Atlantic. No financial terms were released for the deal, which will see General Atlantic Managing Director Alex Crisses join the board. Founded in 2008 by CEO Bryan de Lottinville, Benevity today has a client base of more than 300 global brands. Its growth strategy is focused on product innovation, expanding its charitable network, and scaling its operations. Benevity is also backed by JMI Equity, which led the company's $38 million Series A financing in 2015.
3 min read · 24 January 2018
