Aventura, Florida-based cybersecurity platform Zenedge has secured US$6.2 million in a Series C financing. Pilot Growth Equity led the round. It was joined by Zoho Corp as well as Zenedge's existing investors, which include Canadian strategic venture capital firm Telus Ventures. Founded in 2014, Zenedge provides cloud-based, managed cybersecurity infrastructure that helps organizations secure their web applications and networks against vulnerabilities and attacks. It plans to use the funds raised to invest in continued global expansion, sales and marketing activities, and its patent-pending technology.
5 min read · 09 September 2016
Information Venture Partners is fast approaching the $100-million target set for its second VC fund, thanks in part to partnerships with Canada’s largest bank and other financial heavyweights eager to gain access to emerging fintech opportunities. The Toronto-based firm today announced the $96 million second close of Information Venture Partners II, earmarked for investments in financial technology and enterprise software companies. The fund is expected to meet or surpass its final goal later this year, General Partners Robert Antoniades and David Unsworth told PE Hub Canada.
3 min read · 09 September 2016
Whistler Water Inc, a Burnaby, British Columbia-based maker and supplier of premium glacial water, has received an undisclosed investment. The investment was led by ZhenFund, a Beijing-based seed fund established in 2011 in collaboration with Sequoia Capital China. The other investors were not disclosed. Whistler said the deal was made official during Prime Minister Justin Trudeau's recent visit to China for the G20 meeting. It is intended to support the promotion, marketing and selling of Whistler branded products in China and other overseas markets.
2 min read · 08 September 2016
Intelex Technologies Inc, a Toronto-based provider of environmental, health, safety and quality management software, has hired Derek Smyth as its new chief customer officer. Smyth, who joined Intelex from Vision Critical Communications Inc, will help drive the company's global go-to-market strategies. Prior to his time at Vision Critical, Smyth worked as a senior investment professional at OMERS Ventures, Bridgescale Partners and EdgeStone Capital Partners. Last year, Intelex secured $160 million in a financing led by JMI Equity.
4 min read · 08 September 2016
Canada's Nexom has acquired the assets of Blue Water Technologies Inc, a Hayden, Idaho-based specialist in tertiary sand filters and primary pre-screening. No financial terms were disclosed. Winnipeg-based Nexom said the deal will enhance its wastewater treatment technology solutions, which aim to improve nutrient removal and increase energy efficiency. Nexom was launched earlier this year and is led by CEO Tom Pokorsky and President Martin Hildebrand. XPV Water Partners, a Canadian growth equity firm focused on the water sector, made an undisclosed investment in the company last month. Nexom said it is considering additional acquisitions.
3 min read · 08 September 2016
Brazilian oil company Petróleo Brasileiro SA (Petrobras) has agreed to sell its natural gas pipeline unit, Nova Transportadora do Sudeste (NTS), to a consortium led by Brookfield Asset Management. The deal, reported earlier this week by Reuters, is said to be valued at US$5.2 billion. Petrobras said it will disclose the final terms and conditions after the disinvestment process has been completed and the transaction is approved by statutory authorities. Reuters reported Toronto-based Brookfield is partnering in the acquisition with a Canadian pension fund and Asian sovereign wealth funds CIC and GIC.
1 min read · 08 September 2016
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman, has acquired the shares of Sarjeant Insurance Brokers Ltd, a Barrie, Ontario-based provider of property and casualty insurance solutions. No financial terms were released. The acquisition follows Hub's buy of Canada's New Dimensions Underwriters Ltd earlier this week. Hub, a Chicago-based insurance brokerage, was acquired by Hellman & Friedman for about US$4.4 billion in late 2013.
2 min read · 08 September 2016
Terrestrial Energy Inc, a Canadian advanced nuclear technology provider, has topped up its Series A financing by $5.3 million, bringing the round's total to $15.3 million. The investors were not disclosed. Based in Oakville, Ontario, Terrestial is developing a next-generation nuclear reactor based on its integral molten salt reactor technology. It said the funds raised will allow for continued development of the technology and an ability to demonstrate its commercial merits to industry and government. Founded in 2013, Terrestrial has secured $22.5 million in total financing to date.
3 min read · 07 September 2016
Canadian women's apparel retailer Aritzia Inc is looking to raise about $285 million from its initial public offering, according to a SEDAR filing. Aritzia, a portfolio company of U.S. private equity firm Berkshire Partners, filed to go public in August. Earlier this month, it amended its prospectus to specify plans to sell 20 million subordinate voting shares for $14 to $16 apiece. Assuming the exercise of the IPO's over-allotment option, total proceeds may exceed $327 million. The Vancouver-based company indicated that all of the proceeds will go to selling shareholders, including Berkshire.
1 min read · 07 September 2016
Fengate Capital Management, a Canadian investment firm focused on infrastructure, real estate and private equity opportunities, has promoted Pranav Pandya to chief financial officer. Pandya, who joined Fengate in 2007, was previously its senior vice president, finance. Toronto-based Fengate has been an active investor in 2016. Deals include the firm's partnership in the acquisition of Booth Centennial Healthcare Linen Services in March and its purchase of an ownership stake in an Australian cogeneration plant in April.
2 min read · 07 September 2016
