Doxim, a portfolio company of U.S. private equity firm Strattam Capital, has acquired Intelligent Document Solutions Inc (IDS.com), a Madison Heights, Michigan-based provider of secure e-document and statement solutions. No financial terms were disclosed. Doxim, a Toronto-based provider of customer engagement software for banks, credit unions and wealth management firms, said the deal extends its market reach to more than 1,500 financial institutions serving more than 25 million consumers. Doxim was acquired by Strattam in 2014. Strattam and the company's founders and management helped finance the IDS.com deal.
4 min read · 11 September 2017
Jetti Resources, a natural-resources-tech startup, has raised about $24 million (US$18.7 million) in a Series A financing, apparently with the help of some heavyweight U.S. investors. The Vancouver company, founded in 2014, reported securing most of its funding target in an August filing with the U.S. Securities and Exchange Commission. Jetti told PE Hub Canada the round was closed shortly afterward at the full amount. The round’s backers were not disclosed but likely include Silicon Valley venture firm Kleiner Perkins Caufield & Byers. Kleiner Perkins is identified as an investor on Jetti’s website alongside DNS Capital, a U.S. family office.
2 min read · 08 September 2017
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has agreed to acquire 15 construction-stage solar projects in Chile. No financial terms were released for the deal, CC&L Infrastructure's first outside of Canada. It closed on an investment to buy the first two projects and expects to wrap up the acquisition no later than early 2018. Once fully constructed, the facilities will have about 200,000 solar modules and be capable of generating 130,000 megawatt hours of electricity annually. CC&L Infrastructure is part of Connor, Clark & Lunn Financial Group Ltd, a Canadian asset management firm.
2 min read · 08 September 2017
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired Integro (Canada) Ltd, a Montréal-based commercial property and casualty brokerage specializing in complex risks. Terms weren't disclosed. Founded in 2005, Integro Canada has offices in British Columbia, Ontario and Québec. Hub, a Chicago-based insurance brokerage, said the deal expands its reach in Canada and ability to "upscale our presence in the larger risk management sector." H&F bought Hub for about US$4.4 billion in 2013. Last month, Reuters reported H&F is exploring the sale of a stake in the business.
3 min read · 08 September 2017
LeddarTech Inc, a Québec City-based provider of optical detection and ranging technology, has raised about $130 million (US$101 million) in a Series C financing. Strategic investor Osram, which acquired a stake in the company in July, led. It was joined by Delphi, Magneti Marelli, Integrated Device Technology and Fonds de solidarité FTQ. Established in 2007, LeddarTech is the developer of LiDAR sensing technology used in self-driving cars. Led by CEO Charles Boulanger, the company will use the funds raised to enhance ASIC development efforts, expand R&D, and accelerate LiDAR development with select automotive customers to advance market deployment.
4 min read · 07 September 2017
The Canadian Innovation Exchange (CIX) has announced this year’s roster of 20 innovative companies to be inducted into the annual CIX Top 20 program. The companies, many of them venture-backed, were selected by technology experts and investors from across Canada. The chief executive of each company will present at CIX 2017 on October 17-18 in Toronto. The top 20 are: Aspect Biosystems, Automat, BioConnect, Clio, Cloud DX, Dot health, Elucid Labs, FI.SPAN, GBatteries, Hubdoc, Integrate.ai, Jaza, Litmus Automation, MindBridge Analytics, Pyrowave, SecureKey Technologies, SomaDetect, StackAdapt, Tealbook and Top Hat.
3 min read · 07 September 2017
MD Home Call Inc, a Canadian physician home call service, has been acquired by National Home Doctor Service (NDHS), an Australian network of doctors providing treatment of acute, episodic illness and injury to patients at home. No financial terms were disclosed. Founded in 2006 by Dr. Alissia Valentinis, Toronto-based MD Home Call has been backed by private investors. NDHS said its acquisition of the business expands its service in Canada and the industry. Based in Sydney, NDHS is a portfolio company of Australian private equity firm Crescent Capital Partners.
3 min read · 07 September 2017
Canadian cannabis investment firm Green Acre Capital has backed the merger of three smoke shop product distributors: BOB Headquarters Inc, Windship Trading Co and Vapor Outlet. No financial terms were disclosed. The combined entity creates a North American wholesale network able to distribute more than 10,000 smoke shop and counter-culture products. It will be led by Robert Ritchot, CEO of Brandon, Manitoba-based BOB Headquarters. Earlier this year, Green Acre raised capital for its Green Acre Capital Fund, which invests in medical and recreational cannabis opportunities.
3 min read · 07 September 2017
Vision Critical has acquired Pressly, a Toronto-based software company focused on the curation and distribution of marketing content. Terms weren't released. Vision Critical, a Vancouver-based customer intelligence software platform, said the deal offers its customers an ability to share insight with internal stakeholders and community members, creating stronger customer relationships. Founded in 2011, Pressly has been backed by Gibraltar Ventures, iNovia Capital and OMERS Ventures, among others. Vision Critical is also venture-backed. In February, Georgian Partners and W Capital Partners bought shares from the company's early investors.
3 min read · 07 September 2017
U.S. private equity firm Hammond, Kennedy, Whitney & Co has sold RST Instruments Ltd, a Maple Ridge, British Columbia-based maker and marketer of geotechnical measurement instruments. No financial terms were released for the deal, which will see the company go to Vance Street Capital, a U.S. private equity firm. Founded in 1977, RST serves a wide range of end markets, including utilities, mining, infrastructure and oil and gas. It was acquired by HKW in 2014. RST CEO Bruce Ripley said his company effectively doubled in size during HKW's period of ownership. In a separate release, Vance Capital said it will support RST's continued organic and acquisition-led growth.
2 min read · 07 September 2017
