longmia@halifax.ca

Cortec, coming off a run of exits, wraps up Fund VII at $2.1 bln

Charles Émond to lead CDPQ’s PE group with departure of Stephane Etroy

Vertu hires CPPIB’s Gil Nayot as partner in advance of fund launch

OMERS recruits Medcan exec to advise on healthcare investing

CBRE Caledon taps Ontario Teachers’ Pickett to lead infra asset management

CapStreet Group-owned Marco acquires Bell & MacKenzie

Marco Group International has acquired Bell & MacKenzie Co Ltd, a Hamilton, Ontario-based packager and distributor of abrasives and distributor of blast equipment and parts and accessories. No financial terms were disclosed. Founded in 1972 by Richard Bell and John MacKenzie, Bell & MacKenzie operates a conveyor and packaging operation and offers a broad array of products to several end markets. Marco, a Davenport, Iowa-based maker and distributor of surface preparation equipment, parts and supplies, said the deal supports its growth in Canada. U.S. private equity firm CapStreet Group completed a majority recapitalization of Marco in 2017.

Sunny River-owned FSP buys Georgian Bay Fire & Safety

Fire Safety & Protection LLC (FSP) has acquired Georgian Bay Fire & Safety Ltd, an Owen Sound, Ontario-based life safety and property protection business. Terms weren't disclosed. Established in 1969, Georgian operates more than 60 vehicles to service fire, security and communication systems for Ontario commercial and residential customers. FSP, an Atlanta-based fire and life safety company, said the acquisition advances its goal of building a strong presence in North America. FSP was formed in 2018 by Sunny River Management, a U.S. family office private equity investor.

Top Canadian VC deals draw C$522 mln in Q2 as focus shifts to early-stage

Green Acre-backed Friendly Stranger raises additional $5 mln

Friendly Stranger Holdings Corp, a Toronto-based supplier of cannabis products and accessories, has raised $5 million in follow-on financing. The deal was backed by Canadian cannabis producers 48North Cannabis Corp and VIVO Cannabis Inc. Canadian cannabis investment firm Green Acre Capital, which in 2018 agreed to invest $10 million in the company, provided an additional $2.5 million. The proceeds will be used to support Friendly Stranger's growth, including opening more cannabis culture accessory stores and launching adult-use retail locations across Canada. Established in 1994 by Robin Ellins and Joy Jacobsen, Friendly Stranger currently operates 10 retail locations in Ontario.

Vistara Capital’s third tech debt fund raises $75 mln in second close