Private Equity
Swiss investment firm Pala closed its privatization of Cobalt 27 Capital Corp, a Toronto-based battery metals streaming company. According to terms of the arrangement, each Cobalt 27 common share held was exchanged for C$4.00 in cash and one common share with an implied value of C$1.92 of the newly created Conic Metals Corp. The Conic common shares will begin trading on the TSX Venture Exchange in early November under the ticker symbol "NKL."
2 min read · 28 October 2019
Crestline Investors Inc has closed its new European opportunity fund at over US$360 million. The fund will providing financing to under-served small and medium-sized businesses in Europe. The fund's investors include public pension plans, insurance companies and other institutional investors. Headquartered in Fort Worth, Texas, Crestline also has offices in New York City, Chicago, London, Toronto and Tokyo.
2 min read · 28 October 2019
Caisse de dépôt et placement du Québec is investing US$250 million in India-based Piramal Enterprises Limited, a financial and industrial company. PEL is listed on the BSE Limited and the National Stock Exchange of India Limited in India.
3 min read · 28 October 2019
Parthenon Capital portfolio companies NXGEN International and Payscape have acquired BluePay Canada, formerly known as Caledon Computer Systems Inc. No financial terms were disclosed. Oakville, Ontario-based BluePay Canada is a provider of technology-enabled payment processing for merchants in the U.S. and Canada.
4 min read · 25 October 2019
Montreal-based Sofdesk Inc, a solar and roofing business accelerator, has raised $5.7 million in funding. Generac Holdings Inc led the round with participation from EnerTech, BDC Capital and Desjardins Capital. The capital infusion will be used by Sofdesk for product expansion and to scale its portfolio.
1 min read · 25 October 2019
Stellex Capital Management has sold Morbark LLC, a maker of high-performance equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets, to Alamo Group Inc. The deal values Morbark at about US$352 million. Baird served as financial adviser and DLA Piper was legal counsel to Stellex and Morbark on the transaction. Based in Winn, Michigan, Morbark has subsidiary operations in Wooster, Ohio and Roxton Falls, Québec.
3 min read · 25 October 2019
Total Expert, a marketing and customer engagement technology platform for banks, lenders and financial services, has raised $52 million in Series C funding. Georgian Partners led the round with participation from Emergence and Rally Ventures.
1 min read · 24 October 2019
Cove Kombucha, a Canadian kombucha company, has secured $1.2 million in seed funding. Canaccord Genuity Wealth Management, a Vancouver-based investment bank, led the round. The capital infusion will be used by Cove to launch its CBD kombucha.
1 min read · 24 October 2019
BDC Capital has provided $750,000 to London, Ontario-based Finan Home Services for its acquisition of St. Thomas, Ontario-based Millcreek Plumbing & Mechanical. Both companies provide plumbing and heating, ventilation and air-conditioning installation and maintenance services. Jeffrey Hill, director of growth and transition capital for Southwestern Ontario at BDC Capital, led the transaction.
3 min read · 24 October 2019
4 min read · 23 October 2019
