Ranzure Networks Inc has secured US$13 million in a Series A financing. The round was co-led by LiveOak Venture Partners and Canadian strategic investor Mitel Networks Corp. Seeded by LiveOak and Mitel earlier this year, Richardson, Texas-based Ranzure is a developer of 5G cloud radio access network (RAN) technology. It is licensing Mitel mobile technology in the area of evolved packet core to support service providers as they build 5G networks for the Internet of Things. Ranzure said it will use the proceeds of the Series A round to continue product development and build sales and operations teams.
3 min read · 12 October 2016
U.K. online investment service Interactive Investor Plc has agreed to acquire the European direct investing business of Canada's TD Bank Group. No financial terms were disclosed for the deal, which is expected to close in the first quarter of 2017. The acquisition will create the United Kingdom's second largest online stockbroker with assets of £18 billion, London-based Interactive said. J.C. Flowers & Co, a U.S. private equity firm focused on financial services, will provide funding for the transaction and will be the majority owner of the combined company.
6 min read · 12 October 2016
3 min read · 11 October 2016
3 min read · 11 October 2016
Canadian private equity firm Fulcrum Capital Partners has bought Verdant Environmental Technologies Inc, a Montréal-based provider of energy-efficiency products and technologies for the hospitality industry. No financial terms were disclosed for the deal, which was done in partnership with the company’s management team. It is intended to support Verdant's future growth. Verdant is the fourth platform investment of Fulcrum’s fifth mid-market fund, Fulcrum Capital Partners V, which raised $344 million in July 2015. It follows the fund's investment in Canstar Restorations earlier this year.
1 min read · 11 October 2016
Canadian private equity firm Signal Hill Equity Partners has invested in the merger of CCI Group Inc and McIntosh Perry Consulting Engineers Ltd. No financial terms were released. The combination of the Canadian engineering specialists creates "a unique platform as we grow into a pre-eminent national engineering services company," James Johnson, managing partner of Signal Hill, said. The new company, called McIntosh Perry Consulting Engineers Ltd, will provide consulting engineering services and technical solutions to private and public sector clients across Canada. Signal Hill raised $142 million in the close of its third mid-market fund in May 2015.
3 min read · 11 October 2016
Canadian private markets investor Northleaf Capital Partners has appointed Jeanette White to lead the firm's human resource activities in its Toronto, London, Chicago and Menlo Park offices. White, who joined Northleaf this year after a career at TD Bank Group, will serve as vice president, human resources and administration. Replacing Sandra Channell, who has retired, she will be responsible for strategic planning for human capital needs and implementing best practices.
2 min read · 11 October 2016
Invoice funding platform FundThrough has raised $24.3 million in a second round of financing. It was led by Canadian venture capital firm ScaleUP Ventures, and joined by Hedgewood, Klister Credit Corp and OnWave Ventures. With the round, the company will receive $4.3 million of equity and $20 million in debt, the proceeds of which will be used to support its expansion plans. Based in Toronto, FundThrough has developed technology to help small businesses eliminate cash flow hurdles by giving them tools to get invoices paid quickly. Its prior $2.2 million financing, announced in February 2015, was led by Real Ventures.
3 min read · 11 October 2016
Alberta Investment Management Corp (AIMCo) has entered into a strategic financing partnership with Journey Energy Inc (TSX: JOY), an Edmonton-based oil-weighted energy explorer and producer operating in Western Canada. The company completed a private placement of 30,000 units to AIMCo, which generated gross proceeds of $30 million. Journey completed an initial public offering in June 2014. One of its investors at the time, Infra-PSP Partners, an affiliate of Public Sector Pension Investment Board (PSP Investments), continues to hold a minority interest.
3 min read · 11 October 2016
Canadian alternative equity firm Alaris Royalty Corp has invested about $23.4 million (US$18 million) in Matisia LLC, a Seattle, Washington-based provider of customized management consulting solutions. In exchange for its investment, Alaris will receive an annual distribution of US$2.7 million. The deal is the first for Alaris' small cap division, which is operated through Salaris Small Cap Royalty Corp. The division was launched last year under the leadership of Gregg Delcourt to allow Calgary-based Alaris to pursue more Canadian and U.S. investments sized up to $20 million.
9 min read · 11 October 2016
