BDC, RBC finance TeraXion's buyback of shareholders' equity
TeraXion has repurchased the equity held by its long-time venture capital investors Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec, Fondaction CSN and Accès Capital. The buyback deal, the terms of which were not disclosed, was financed by BDC Capital's Growth and Transition Capital and Royal Bank of Canada (RBC). Québec City's TeraXion said it has undergone a business review and restructuring since it sold its integrated photonics division to Ciena Corp in early 2016. It added that BDC and RBC will support its continued growth and development.
20 December 2016•2 mins read
