Private Equity

Canada

RideCo lands C$20m in Eclipse Ventures-led Series A round

RideCo, a Waterloo, Ontario-based provider of on-demand transit technology, has secured C$20 million in Series A financing.

4 min read · 18 February 2022

Convictional raises $40m Series B led by YC Continuity

Convictional, a Toronto-based supplier enablement platform, has secured $40 million in Series B financing.

3 min read · 17 February 2022

CDPQ to buy stake in Warburg-backed eSentire: Bloomberg

ESentire, a Waterloo, Ontario-based cybersecurity provider backed by Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, Bloomberg reported.

1 min read · 17 February 2022

Green hydrogen producer Hy2gen snaps up VC financing

Germany's Hy2gen, a green hydrogen and hydrogen-based e-fuels producer, has raised €200 million in financing.

4 min read · 17 February 2022

Runway Growth Capital lends $13m to PE-backed Dejero

Runway Growth Capital has provided a $13 million term loan commitment to Dejero, a Waterloo, Ontario-based telecommunications aggregator of diverse connectivity paths.

3 min read · 17 February 2022

Software startup eState Planner attracts C$1m in seed funding

Toronto-based eState Planner, an interactive estate and will planning software startup, has raised C$1 million in seed financing, according to a blog post.

1 min read · 17 February 2022

New Mountain-backed Accolite Digital acquires Xerris

Accolite Digital, backed by New Mountain Capital, has acquired Xerris, a Calgary-based cloud and software development services provider.

2 min read · 17 February 2022

PE-backed Innocap to acquire BNY Mellon’s HedgeMark

Montreal-based Innocap Investment Management has agreed to acquire BNY Mellon’s HedgeMark business to create a single technology-enabled alternative investment platform.

4 min read · 17 February 2022

CVC, Brookfield bidding for Starbucks Mideast franchise: Reuters

CVC Capital Partners, Brookfield Asset Management and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, Reuters reported.

1 min read · 17 February 2022

MDP-backed Navacord acquires Stone Insurance Brokers

Navacord Corp has acquired Stone Insurance Brokers, a Manning, Alberta-based commercial insurance brokerage specializing in forestry, farming, transportation and oil and gas.

3 min read · 17 February 2022

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