Canada

Optiva secures C$30m in financing from OceanLink

Optiva, a Toronto-based software solutions provider to communications services companies, has raised C$30 million in financing.

CPPIB-backed Premium Brands to buy Clearwater Seafoods

Premium Brands Holdings Corp, a portfolio company of Canada Pension Plan Investment Board, and a coalition of Mi'kmaq First Nations, have agreed to acquire Clearwater Seafoods, a Halifax, Nova Scotia-based seafood business.

Churchill supports SmartWave's acquisition of Multi-Tech Systems

Churchill Asset Management has provided a credit facility to back Toronto-based SmartWave Technologies' acquisition of Michigan-based Multi-Tech Systems Inc, a provider of industrial internet of things communication devices and services.

U.S. judge approves rescue deal for retailer J.C. Penney: Reuters

A U.S. judge has approved a deal to rescue retailer J.C. Penney from bankruptcy proceedings precipitated by the health crisis, averting a liquidation, reported Reuters.

TPG and CPPIB to invest additional $500m in Viking Cruises

TPG Capital and Canada Pension Plan Investment Board have agreed to make an additional investment in Viking Cruises, a Los Angeles-based provider of destination-focused river and ocean cruises.

BC Partners-backed GardaWorld extends offer for G4S: Reuters

Montreal-based GardaWorld, which last month launched a hostile bid for larger rival G4S, has extended its offer after the British company repeatedly rejected its offers, Reuters reported.

Wood flooring company Preverco snags C$7m in funding

Saint-Augustin-de-Desmaures, Quebec-based Preverco, a family-owned maker of solid and engineered wood flooring, has secured C$7 million in financing.

Women's clothing brand Joseph Ribkoff inks funding

Fonds de solidarité FTQ and Export Development Canada are each investing up to C$5 million in Joseph Ribkoff, a Montreal-based designer, maker and distributor of fashionable women’s apparel.