Private Equity
U.K. private equity firm BC Partners has closed its previously announced recapitalization of Garda World Security Corp, a Montréal-based security services provider, for $5.2 billion. As a result of the transaction, BC Partners now holds a 51 percent stake in GardaWorld while Chairman and CEO Stephan Crétier and select members of management have a 49 percent stake. Barclays and TD Securities provided financial advice to GardaWorld while Scotiabank did likewise for BC Partners.
3 min read · 30 October 2019
League Inc, an enterprise health operating system, has secured an undisclosed amount of funding. The investors include Workday Ventures. League has offices in Toronto and Chicago.
1 min read · 29 October 2019
Logibec, a portfolio company of GI Partners, has acquired Markham, Ontario-based Knowledge4You Corporation, a provider of software for Canadian hospitals and universities to manage medical and nursing educational programs. No financial terms were disclosed. The Knowledge4You team will continue as a distinct brand within Logibec and will remain at its headquarters. Logibec is a Montreal-based healthcare IT company.
2 min read · 29 October 2019
Scopely, a mobile game firm, has raised US$200 million in Series D financing. NewView Capital led the round with participation from other investors that include Canada Pension Plan Investment Board, Baillie Gifford, Greycroft Partners, Revolution Growth and Sands Capital Ventures. The capital infusion will be used to accelerate Scopely's M&A and investment strategy.
1 min read · 29 October 2019
Canada Jetlines Ltd, a Vancouver-based ultra-low-cost carrier airline, is postponing its planned December launch after failing to secure financing from its investment partners SmartLynx and InHarv Partners, a South Korean venture capital and private equity firm. SmartLynx had originally committed $40 million in financing to Jetlines while InHarv had previously agreed to provide up to $14 million in financing. A relaunch date will not be announced until funding is secured. Also, as a result of the launch postponement, Jetlines is laying off most of its employees except for a core team led by the executive chairman who will continue to try to secure financing.
4 min read · 29 October 2019
Green Pacific Capital Corp has agreed to take Canfor private for $16 per share. Greenhill served as financial adviser to the special committee comprised of Canfor's board of directors while DLA Piper (Canada) LLP served as legal counsel to Canfor with Osler, Hoskin & Harcourt LLP providing legal counsel to the special committee. Vancouver, British Columbia-based Canfor is an forest products company. Green Pacific Capital Corp is an investment arm of the Jim Pattison Group.
6 min read · 29 October 2019
Ottawa, Canada-based Cord3 Innovation Inc, a data-centric cybersecurity company, has $2 million in funding. The investor was BDC Capital's growth and transition capital unit. The capital will be used to enable Cord3 to scale its solutions.
3 min read · 29 October 2019
Shipwell, a connected shipping platform, has raised $35 million in Series B funding, according to an announcement on its site. Georgian Partners led the round.
1 min read · 28 October 2019
Toronto-based InstarAGF Asset Management Inc has acquired Oilfield Water Logistics, a provider of midstream water infrastructure and services primarily within the Permian Basin. No financial terms were disclosed. Canadian and international co-investors from NGP Energy Capital Management and NGP Energy Technology Partners are among the investors that participated in the deal. Scotiabank and King & Spalding LLP advised InstarAGF on the transaction while Morgan Stanley and Thompson & Knight LLP advised OWL.
3 min read · 28 October 2019
Canadian investment firm CBRE Caledon closed its US$256.1 million investment in Pattern Energy, which is backed by Riverstone Holdings. CAAT Pension Plan invested alongside CBRE Caledon. Pattern Energy is an independent power company listed on the NASDAQ and Toronto Stock Exchange.
5 min read · 28 October 2019
