Lone Wolf Real Estate Technologies Inc earlier this year acquired WhereToLive.com Inc, a U.S. web marketing and technology solution provider to real estate brokerages and franchises. No financial terms were disclosed. Lone Wolf, a Cambridge, Ontario-based residential real estate software company, said the deal advances its goal of creating a complete enterprise solution with a single point of data entry. WhereToLive.com is one of several acquisitions made recently by Lone Wolf, a portfolio company of U.S. private equity firm Vista Equity Partners. The latter invested in March 2015.
3 min read · 05 July 2016
Canadian private equity firm Yellow Point Equity Partners has invested in Foley’s Candies Ltd, a Vancouver-based maker of fine quality chocolate and confectionary products. No financial terms were released. Brian Hurl, president of Foley's, said the deal will help the company to accelerate growth and expand its product and service offering. The investment is the second made by Yellow Point's fourth mid-market fund, Yellow Point Equity Partners IV, which raised $150 million in late 2015. The fund's debut investment, announced in September, was Calgary-based Edo Japan, a fast-casual Japanese restaurant franchisor.
2 min read · 05 July 2016
Swiss private equity firm Partners Group is leading a consortium to acquire Foncia, a French provider of residential property management services. The deal is valued at about 1.8 billion euros (US$2 billion), Reuters reported. The consortium includes Caisse de dépôt et placement du Québec and an affiliate of China Investment Corp. Paris-based Foncia, which operates a network of over 500 branches and manages a portfolio of more than 1.8 million properties in Europe, is being sold by Bridgepoint and Eurazeo. The latter bought the company in 2011.
5 min read · 05 July 2016
Canadian software company Espial (TSX: ESP) has agreed to buy the cloud-hosted video-as-a-service platform of ARRIS International plc (NASDAQ: ARRS), a U.S. entertainment and communications technology company. No financial terms were released for the deal, which is expected to close in the third quarter. Ottawa-based Espial said the acquisition will add to its capabilities and help leverage the company's IP video services. Founded in 1997, Espial went public in June 2007. It remains a portfolio investment of Canadian venture capital firm Relay Ventures.
6 min read · 04 July 2016
Total Specific Solutions BV, a subsidiary of Constellation Software Inc, has bought all of the shares of NCCW Holding BV, a Dutch provider of property management software solutions. No financial terms were disclosed. Total Specific Solutions said the acquisition provides it with a presence in the real estate market. Toronto-based Constellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
2 min read · 04 July 2016
Gran Tierra Energy Inc (NYSE, TSX: GTE) has agreed to acquire PetroLatina Energy Ltd, a U.K.-based exploration and production company with assets in Colombia, for US$525 million in cash. The deal is expected to close before the end of October. Calgary-based Gran Tierra, an oil and gas company focused on operations in South America, said the acquisition will provide it with an attractive portfolio of development opportunities in Colombia's Middle Magdalena basin. PetroLatina has been backed by Colombian private equity firm Tribeca Asset Management since May 2008.
10 min read · 04 July 2016
ABC Group Inc, a Canadian automotive systems and components manufacturer, has been acquired by U.S. private equity firm Cerberus Capital Management. No financial terms were disclosed. Founded in 1974, Toronto-based ABC designs, develops and manufactures a thermoplastic product portfolio from 36 locations in North America, South America, Europe and Asia. Mary Anne Bueschkens, the company's new CEO, said the partnership with Cerberus will provide greater access to capital with which to pursue growth. As part of its investment, Cerberus will introduce a new board of directors. It will include a mix of senior automotive executives and Cerberus representatives.
4 min read · 04 July 2016
AlliancePharma Inc (TSX-V: APA) has agreed to acquire three companies: Pro-J-Pharma Inc, a specialist in personnel placement in pharmacies; Pharmapar Inc, a generic pharmaceutical distribution company; and liV Inc, a medical communications agency. AlliancePharma, a Thetford Mines, Québec-based provider of job placements in the pharmacy industry, said the acquisitions will expand its capabilities, its scope of services, and its range of customers. The deals will be backed by a $4 million investment from Persistence Capital Partners, a Canadian healthcare private equity firm.
10 min read · 04 July 2016
Implus Corp, a portfolio company of U.S. private equity firm Berkshire Partners, has acquired the insole and medical adhesive assets of Spenco Medical Corp, a health and footcare company based in Waco, Texas. No financial terms were disclosed for the deal, which will see Implus assume Spenco's Canadian operations based in Mississauga, Ontario. Headquartered in Durham, North Carolina, Implus is a designer and distributor of athletic, fitness, and outdoor accessories. It received a majority investment from Berkshire in April 2015.
3 min read · 04 July 2016
Canada’s top 10 second-quarter venture-capital financings attracted more than $446 million from investors, up 60 percent from the $279 million that went into the top 10 deals a year ago. That estimate is based on PE Hub Canada's list of the largest rounds announced between April and June. It is headed by DalCor Pharma and Real Matters, which accounted for the two largest Canadian tech financings since 2013.
3 min read · 04 July 2016
