Private Equity
5 min read · 12 November 2019
4 min read · 12 November 2019
Hamilton, Ontario-based Nix Sensor, a provider of color measurement products, has secured $2 million in funding. The investor was BDC Capital's Growth & Transition Capital division. The funding will be used by Nix Sensor to accelerate product development and expand global sales efforts.
3 min read · 12 November 2019
In the spring of 2019, CDPQ announced it had raised the target for its carbon-neutral assets under management to CA$32 billion by 2020.
2 min read · 12 November 2019
Montreal-based Stradigi AI, an artificial intelligence company, has secured C$53 million (US$40.3 million) in Series A funding. The Fonds de solidarité FTQ and Investissement Québec led the round with participation from other investors that included Holdun Family Office, Segovia Capital Ltd and Cossette Inc.
1 min read · 12 November 2019
IPKeys Power Partners has acquired Ontario-based N-Dimension Solutions Inc, a provider of cybersecurity monitoring. No financial terms were disclosed. EnerTech Capital, a venture firm that has offices in a number of cities that include Toronto, Philadelphia, Montreal and Calgary, made an equity investment in IPKeys as part of the transaction. No financial terms were disclosed. England & Company advised IPKeys on the deal.
3 min read · 12 November 2019
ATB Financial has acquired the technology assets of Vancouver, British Columbia-based fintech company Grow Technologies Inc. No financial terms were disclosed. The acquired assets include Grow's digital account and loan origination platform as well as other digital banking technology solutions. Deloitte Corporate Finance Inc provided financial advice to ATB on this transaction.
2 min read · 11 November 2019
Hub International Limited, an insurance brokerage, has acquired the assets of Manitoba-based W.R. Carey Corporation, an employee benefits consulting firm. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.
2 min read · 11 November 2019
Canadian retailer Hudson’s Bay Co has closed its previously announced sale of department store chain Lord + Taylor to Le Tote Inc, a San Francisco-based fashion rental subscription service. The purchase price was C$99.5 million (US$75 million). As part of the deal, Le Tote has acquired the Lord + Taylor brand and related intellectual property as well as the operations of 38 stores, Lord + Taylor digital channels and the associated inventory. Le Tote's backers include Andreessen Horowitz, Azure Capital Partners, GV, Lerer Hippeau Ventures, Sway Ventures and Y Combinator.
2 min read · 08 November 2019
Los Angeles-based private equity firm Butterfly has agreed to acquire a majority stake in Irvine, California-based Orgain, a producer of organic and clean nutrition products. No financial terms were disclosed. Ontario Teachers’ Pension Plan, a limited partner of Butterfly, will also be a new minority investor in Orgain. Kirkland & Ellis LLP and The Giannuzzi Group LLP provided legal advice to Butterfly and Orgain, respectively. And, Piper Jaffray served as financial adviser to Orgain.
4 min read · 08 November 2019
