Canada

Brookfield to sell Nova Cold Logistics to Americold

Americold Realty Trust has agreed to acquire Halifax, Nova Scotia-based Nova Cold Logistics, a provider of cold storage facilities, from Brookfield Business Partners. The purchase price is C$337 million. The deal is expected to close in the first quarter of 2020.

Silofit pulls in seed funding

Montreal-based Silofit, a network of private fitness spaces, has secured C$1 million in seed funding. Whitecap Venture Partners and Courtside Ventures led the round with participation from NFL player Ndamukong Suh. The capital will be used for expansion, personnel hiring and adding new facilities to its portfolio.

BDC Capital invests in Lube City

BDC Capital's growth equity group has invested in a family ownership change for Edmonton, Alberta-based Lube City Corp, a provider of quick service oil changes. No financial terms were disclosed.

Novacap Industries V raises $940 mln

Novacap Industries V will invest in the industrial and manufacturing sectors as well as in service and distribution.

TPG's SPAC closes merger with Accel Entertainment

TPG Pace Holdings Corp, TPG's blank check company, has closed its merger with Bolingbrook, Illinois-based Accel Entertainment Inc, a gaming-as-a-service provider. No financial terms were disclosed. In connection with the completion of the deal, the company has been renamed Accel Entertainment and will start trading November 21, 2019 on the New York Stock Exchange under the ticker symbol "ACEL." This past summer, Canadian private equity firm Clairvest Group filed a lawsuit to block the merger of portfolio company Accel Entertainment with TPG Pace.

Phoenix Molecular secures seed funding

Vancouver, British Columbia and San Diego-based Phoenix Molecular, a developer of precise cancer therapeutics targeting essential kinases, has raised US$12 million in seed funding. The investors included Pallasite Ventures and World Changing Ventures.

Fan engagement platform Trufan buys SocialRank, also secures venture debt

Toronto-based Trufan, a fan engagement platform, has acquired SocialRank, a audience segmentation platform. Also, Trufan has raised US$400,000 in venture debt from previous backer Round13 Capital, a Toronto-based venture firm.

Mobile games party app Bunch attracts funding

New York City and Toronto-based Bunch, a party app for mobile games, has secured US$3.85 million in funding. The capital infusion will be used to to accelerate product development and expand partnerships and integrations. Bunch is backed by LVP, Tencent, Supercell, Riot, Miniclip, Founders Fund, Betaworks and North Zone.

FirePower Equity acquires majority of TIG

Toronto-based private equity firm FirePower Equity Inc has acquired a majority stake in Sudbury, Ontario-based The Installation Group, an installation and service partner to Canadian satellite TV and internet subscribers. No financial terms were disclosed. TIG will continue to operate in their location in Sudbury, Ontario with Robert Lefebvre as CEO, and Anthony Lipschitz serving as TIG’s chairman.

CAI sells CSAT to Insight Equity

CAI acquired its interest in CSAT in January 2013. Throughout its hold period, CAI supported management as they invested in people, technology and infrastructure to further build upon and enhance the Company’s leading market position within the electronic and digital repair industry.