AudienceView has bought TheaterMania, a New York-based provider of information and tickets for live theater and the performing arts. No financial terms were released for the acquisition, which includes TheaterMania’s OvationTix, a ticketing system, as well as the TheaterMania.com and WhatsOnStage media brands. Toronto-based AudienceView, an entertainment e-commerce company, said the deal extends its reach to more than 2,000 organizations in 15 countries . The company secured an investment last November from Rubicon Technology Partners, a software-focused private equity firm.
3 min read · 11 July 2017
Online real estate listings marketplace Casalova Inc has bought My Property Managers, a Toronto-based manager of residential properties with $35 million under management. No terms were disclosed for the acquisition, Casalova's first since its founding in 2014. Toronto-based Casalova said the deal creates a full-service real estate platform that allows users to buy, rent, sell and manage properties on a single platform. The company, which plans to grow its managed assets to $100 million this year, raised $2.5 million in April from Aviva Ventures, the venture capital arm of U.K. insurance company Aviva plc.
2 min read · 11 July 2017
AudienceView has bought TheaterMania, a New York-based provider of information and tickets for live theatre and the performing arts. No financial terms were released for the acquisition, which includes TheaterMania's OvationTix, a ticketing system, as well as the TheaterMania.com and WhatsOnStage media brands. Toronto-based AudienceView, an entertainment e-commerce company, said the deal extends its reach to more than 2,000 organizations in 15 countries . The company secured an investment last November from Rubicon Technology Partners, a U.S. software private equity firm.
3 min read · 11 July 2017
Montréal online healthcare appointment booking solution Chronometriq Inc has raised $3.5 million in a Series A financing. The round was led by U.S. venture capital firm Bridgescale Partners. Founded in 2012, Chronometriq has developed technology that helps manage queues at healthcare clinics and improve access for patients. It reports its products were used by more than 1.2 million users in Québec and Ontario last year. Led by President and CEO Yan Raymond-Lalande, the company plans to use the funds raised to expand its product line and reach in Canadian and U.S. healthcare clinic markets.
2 min read · 11 July 2017
Canadian clean energy technology company Inventys has secured $10 million in the first tranche of a round B-11 financing. Strategic investor Husky Energy Inc led the round and was joined by the company's existing backers, Roda Group and Chrysalix Energy Venture Capital. Based in Burnaby, British Columbia, Inventys is the developer of the VeloxoTherm system, a carbon dioxide (CO2) capture process. The funds raised will support a CO2-capture pilot plant aimed at producing a low-cost supply solution for Husky's enhanced oil recovery program near Lloydminster, Saskatchewan. Founded in 2007, Inventys is led by President and CEO Claude Letourneau.
3 min read · 11 July 2017
Montréal motion detection startup Aerial Technologies Inc has raised $2.25 million in a convertible note financing. The round was led by Fonds Innovexport and entrepreneur and investor Jean-François Grenon. They were joined by strategic investors Kibo Ventures, Wayra and Quebecor Group, as well as angel investors affiliated with TandemLaunch. TandemLaunch incubated Aerial and also invested. Founded in 2015, Aerial is a software company that uses Wi-Fi signals and artificial intelligence to detect presence and motion. Led by CEO David Grant, it is focused on commercializing its technology with partners in the telecommunications industry.
5 min read · 11 July 2017
Export Development Canada (EDC) said it invested $13.5 million in BID Group Holdings Ltd, a Prince George, British Columbia-based turnkey supplier of equipment, services, software and installations to the forest products industry. As reported by PE Hub Canada last month, the deal was led by Highland West Capital, a Canadian private equity firm. Other members of the investor group included BDC Capital's Growth & Transition Capital and Roynat Equity Partners. Founded in 1983, BID's operations reach into the main sawmilling areas of North America. Backed by the consortium, it plans to continue growing organically and via acquisitions.
4 min read · 11 July 2017
Canadian private equity firm Champlain Financial Corp has agreed to sell L.B. Maple Treat Corp (LBMT), a Granby, Québec-based producer and distributor of pure maple syrup, to Lantic Inc, an affiliate of Rogers Sugar Inc (TSX: RSI). Lantic, a Montréal-based sugar products business, agreed to pay $160.3 million. Founded in 1946, LBMT was acquired two years ago by Champlain and a consortium of investors, including Daniel Cousineau, the company's current president, and Fondaction CSN. The seller in the 2015 deal was Bedford Capital. Lantic said the acquisition, expected to close in August, will allow it to "diversify into the large and growing maple syrup market in rapid fashion."
4 min read · 10 July 2017
Hydrofarm LLC, a U.S. wholesaler and manufacturer of hydroponics equipment and horticultural products, has secured an undisclosed equity investment. The deal was led by Canadian family office Serruya Private Equity and joined by Hawthorn Equity Partners, a Canadian private equity firm, and Broadband Capital Investments, a U.S. family office sponsor. Petaluma, California-based Hydroponics said the investment will support its expansion in the global hydroponics market, which is expected to reach US$27.33 billion in value by 2020. The company's growth plan will include acquisitions of complementary assets.
3 min read · 10 July 2017
Canadian specialty finance firm Crown Capital Partners said Norrep Credit Opportunities Fund II (NCOF II) has been closed with the recent repayment of a special situations loan to CRH Medical Corp. The fund, established in 2012, invested approximately $81.5 million in five companies. NCOF II generated a gross internal rate of return of about 24 percent and a multiple of invested capital of about 1.5x with its close. Crown was the fund's manager, holding a 53.6 percent interest. Based in Calgary and Toronto, Crown is currently investing from Crown Capital Fund IV, which has deployed about $170 million to date.
3 min read · 10 July 2017
