Horizon Occupational Health Solutions Inc (Horizon OHS), a division of Medisys Health Group Inc, has acquired Action Industrial First Aid Ltd, a provider of first aid, safety and security services in northern British Columbia. No financial terms were disclosed. Horizon OHS said the acquisition, one of several in the past twelve months, allows it to extend its national footprint into the region. Founded in 1987, Montréal-based Medisys is a provider of corporate health solutions. It is a portfolio company of Canadian healthcare private equity firm Persistence Capital Partners.
4 min read · 10 November 2016
Canada Pension Plan Investment Board, Canada's biggest public pension plan, said it ended the second quarter of its fiscal year with $300.5 billion in assets, up from $287.3 billion three months earlier, Reuters reported. CPPIB, which manages Canada's national pension fund and invests on behalf of 19 million Canadians, said it delivered gross investment returns of 4.83 percent in the second quarter, or 4.75 percent net of all costs. That compared with returns of 1.5 percent in the previous quarter.
1 min read · 10 November 2016
Clearspring Capital Partners has invested in the merger of portfolio company DME Brewing Solutions with a top competitor, a deal the Toronto private equity firm says will reshape the craft-beer-equipment industry. Last month, Charlottetown, Prince Edward Island’s DME, acquired by Clearspring in late 2015, combined with Abbotsford, British Columbia’s Newlands Systems. Terms weren’t disclosed. Both companies expanded over a 25-year span with the global rise of craft-brewery startups.
3 min read · 10 November 2016
San Francisco-based cybersecurity company RiskIQ Inc has secured US$30.5 million in a Series C financing. The round was led by Canadian growth equity firm Georgian Partners and joined by existing investors Summit Partners, Battery Ventures and MassMutual Ventures. With the deal, Steve Leightell, a principal at Georgian, will join the company's board. RiskIQ provides a risk management platform that helps enterprises protect their digital assets, users, and customers from external security threats. It plans to use the funds raised to expand its ecosystem, global sales, and platform applications.
4 min read · 10 November 2016
Acasta Enterprises Inc (TSX: AEF), a Canadian special purpose acquisition corporation (SPAC) has agreed to acquire three businesses alongside its launch as a private equity firm. Acasta agreed to buy two Toronto private label consumer staples companies, Apollo Health & Beauty Care and JemPak Corp, as well as Irish aircraft leasing company Stellwagen Finance Co. The deals reflect a combined enterprise value of $1.2 billion. Acasta, which is led by Anthony Melman, formerly a partner and managing director at Onex Corp, raised $402 million in an initial public offering in July 2015. It said it plans to focus on additional deal opportunities directly or through a series of private equity funds, the first of which will launch in early 2017.
10 min read · 10 November 2016
Ontario Teachers' Pension Plan and Universities Superannuation Scheme (USS) have agreed to acquire Westerleigh Group, a British private developer and operator of crematoria and cemeteries. No financial terms were released for the deal, which is expected to close this year. The seller is European private equity firm Antin Infrastructure Partners, which first invested in Westerleigh in March 2013. Founded in 1991, Westerleigh today facilitates more than 30,000 funerals per year across its 22 sites. Ontario Teachers' Andrew Claerhout said the acquisition will support the company's continued growth.
3 min read · 10 November 2016
TeleTech Holdings Inc (NASDAQ: TTEC) has acquired Atelka Enterprise Inc, a customer contact management provider based in Montréal. No financial terms were released. Denver, Colorado's TeleTech said Atelka will become part of its customer management services segment and support its expansion in the Canadian market. Founded in 2003, Atelka grew to become one of the country's largest independent contact centres. In May 2012, it was acquired by Canadian mid-market private equity firm Kilmer Capital Partners. Last year, Kilmer Managing Partner Anthony Sigel discussed the firm's adoption of a fund-less investment strategy with Buyouts.
4 min read · 09 November 2016
InPlay Oil Corp has closed its previously announced combination with Anderson Energy Inc (TSX: AND). The deal, which created a new and larger Canadian light oil company, also called InPlay Oil, will commence trading on the Toronto Stock Exchange under the trading symbol “IPO”. The company also raised $70.3 million in financing and a new $60 million credit facility. Based in Calgary, InPlay Oil is backed by Canadian energy private equity firms JOG Capital and Sprott Resource Corp. Sprott said it invested $10 million to support the Anderson Energy deal and asset acquisitions.
4 min read · 09 November 2016
Naborly Inc, a Toronto software company specializing in residential tenant screening, has bought LRANK, a London-based real estate location intelligence search engine. Financial terms were not disclosed. Naborly said the acquisition of LRANK’s intellectual property will help its artificial intelligence system to automatically learn about neighborhoods in North America. With the deal, LRANK’s Dwight Follick has been appointed the company's new CTO. Founded in 2014, Naborly raised $1.25 million in seed funding last month. The round was led by ScaleUp Ventures and joined by Picus Capital and Harris Barton Investments.
2 min read · 09 November 2016
Inbound Retargeting Technologies Inc, the Canadian company behind Retarget Links, has acquired Primeloop, a Las Vegas-based link retargeting specialist. No financial terms were disclosed. Primeloop holds patents for link retargeting technology, which allows advertisers to display banner ads in a more targeted fashion. Vancouver's Retarget Links said it has enhanced the product with an ad campaign management platform. Found in 2012, Primeloop was backed by 500 Startups, Tony Hsieh's Vegas Techfund, Seraph Group and other investors.
3 min read · 09 November 2016
