Ionodes has secured about $1.5 million in funding from Anges Québec, Anges Québec Capital Fund and Desjardins-Innovatech. Based in Laval, Québec, Ionodes specializes in the development of IP video compression, transmission, and decoding technology, as well as video content management appliances and software platforms. The funds raised will support the company's growth, its ability to enter new global markets, and research and development activity targeted to the video surveillance sector. Founded in 2007, Ionodes is led by President Éric Tasso.
4 min read · 22 June 2016
PLB International Inc, a Canadian family-owned maker of premium-quality food for cats and dogs, has received a $4 million unsecured loan from the Fonds de solidarité FTQ. The deal is intended to support the company's continued growth in global markets. Founded in 1969, Boucherville, Québec-based PLB operates under the brand names 1st Choice and Pronature. It has a presence in 30 countries and strategic partners in Russia, Ukraine, Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
3 min read · 22 June 2016
Caisse de dépôt et placement du Québec (CDPQ) has signed up six new pension plans to its institutional depositors, which now total 40. The pension plans, which oversee the retirement assets of public employees in Québec City, total approximately $2 billion. CDPQ, a Montréal-based pension fund manager, held $248 billion in net assets as of December 31, 2015.
2 min read · 22 June 2016
The proposed acquisition of Long Run Exploration Ltd (TSX: LRE) by Calgary Sinoenergy Investment Corp has received approval under the federal Investment Canada Act. The deal, announced in December, is valued at about $770 million, including debt. Based in Calgary, Long Run is an intermediate oil and natural gas company. It is backed by Canadian private equity firm Sprott Resource Corp.
3 min read · 22 June 2016
Canada Pension Plan Investment Board has made three new senior management appointments. Alain Carrier, who has recently led CPPIB's European operations from London, has been appointed senior managing director, head of international. He will be responsible for the pension fund's global investment activity, including in Europe. Additionally, Suyi Kim has been appointed managing director, head of Asia, while Deborah Orida has been appointed managing director, head of private equity in Asia. Last month, Mark Machin became CPPIB's president and CEO as a result of Mark Wiseman's departure to BlackRock Inc.
3 min read · 22 June 2016
Pacific Exploration & Production Corp has closed a US$500 million debtor-in-possession (DIP) financing with Canadian private equity firm Catalyst Capital Group and certain holders of the company's unsecured notes. Additionally, Pacific Exploration entered into a US$115.5 million letter of credit facility with supporting bank lenders and creditors. The DIP financing and letter of credit facility are key features of a comprehensive restructuring deal struck by Pacific Exploration with debt-holders, including Catalyst, in April. Based in Toronto, Pacific Exploration is an explorer and producer of natural gas and crude oil in Latin America.
7 min read · 22 June 2016
Resson has secured about $14 million (US$11 million) in a Series B financing. Monsanto Growth Ventures, the venture capital arm of U.S. agriculture multinational Monsanto, led the round. It was joined by existing Canadian investors Build Ventures, Rho Canada Ventures, New Brunswick Innovation Foundation, BDC Capital and East Valley Ventures. Fredericton-based Resson is a developer of technology that uses cloud-based predictive analytics together with drones and swarm robotics to help improve agricultural productivity. It is currently expanding product development and sales and marketing activity, hiring technical staff, and opening an office in San Jose, California.
3 min read · 22 June 2016
Resson has secured about $14 million (US$11 million) in a Series B financing. Monsanto Growth Ventures, the venture capital arm of U.S. agriculture multinational Monsanto, led the round. It was joined by existing Canadian investors Build Ventures, Rho Canada Ventures, New Brunswick Innovation Foundation, BDC Capital and East Valley Ventures. Fredericton-based Resson is a developer of technology that uses cloud-based predictive analytics together with drones and swarm robotics to help improve agricultural productivity. It is currently expanding product development and sales and marketing activity, hiring technical staff, and opening an office in San Jose, California.
3 min read · 22 June 2016
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has provided $600,000 in funding to GreenMantra Technologies, a Canadian maker of specialty chemicals, such as waxes, greases and lubricants, from recycled plastics. FedDev said the Brantford, Ontario-based company raised an additional $1.2 million from angel investors led by Arctern Ventures and Cycle Capital. The investment follows GreenMantra's raise of $5.5 million earlier this month. FedDev Ontario said its repayable contribution will primarily support market development for the company's Ceranovus A-Series waxes.
3 min read · 21 June 2016
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has provided $600,000 in funding to GreenMantra Technologies, a Canadian maker of specialty chemicals, such as waxes, greases and lubricants, from recycled plastics. FedDev said the Brantford, Ontario-based company raised an additional $1.2 million from angel investors led by Arctern Ventures and Cycle Capital. The investment follows GreenMantra's raise of $5.5 million earlier this month. FedDev Ontario said its repayable contribution will primarily support market development for the company's Ceranovus A-Series waxes.
3 min read · 21 June 2016
