Private Equity
LabGenius, a UK-based provider of an AI-driven drug discovery platform, has raised over $10 million in Series A financing. Lux Capital and Obvious Ventures led the round with participation from other investors that included Felicis Ventures, Inovia Capital, Gigafund and Air Street Capital.
1 min read · 23 October 2019
Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan are investing US$500 million in Constellation Insurance Holdings, a new insurance platform. Constellation was founded by Anurag Chandra, ex-CEO of Prosperity Life Insurance Group. The new platform plans on investing in stock and mutual insurers based in North America.
3 min read · 23 October 2019
Canada Pension Plan Investment Board is selling its 39 percent stake in Interparking, a Belgian-based car park owner and operator, to APG. No financial terms were disclosed. The deal is expected to close over the next few months. APG is a Dutch pension provider.
4 min read · 23 October 2019
Fabric, which was formerly known as CommonSense Robotics, said Oct. 23 that it raised $110 million in a Series B round led by Corner Ventures. Participating in the round were from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek. Fabric, of New York, provides a logistics platform for retailers.
4 min read · 23 October 2019
Inmar, a data-driven technology-enabled services company, has acquired Boston-based ownerIQ, a media technology company. No financial terms were disclosed. JEGI advised ownerIQ on the deal. Inmar is a portfolio company of OMERS.
3 min read · 22 October 2019
Montreal-based Lightspeed POS Inc, a point of sale platform, has agreed to acquire Kounta Holdings Pty Ltd, an Australian cloud-based POS solutions provider to small and medium-sized businesses operating within the hospitality industry. According to terms of the deal, Lightspeed will acquire Kounta for about US$35.3 million. Earlier this year, Lightspeed POS went public on the Toronto Stock Exchange. Its pre-IPO backers included Caisse de dépôt et placement du Québec, Inovia Capital and Investissement Québec.
3 min read · 22 October 2019
Plano, Texas-based Aligned Energy, a data center provider for cloud, enterprise and managed service providers, has secured a US$495 million credit facility. The investors included Goldman Sachs Bank USA, CPPIB Credit Investments Inc, a subsidiary of the Canada Pension Plan Investment Board, and an unidentified investment management corporation. Dechert LLP served as legal counsel to Goldman Sachs USA; Arnold & Porter represented CPPIB Credit on the financial transaction while Cooley LLP represented Aligned Energy. The capital will be used for growth and expansion.
3 min read · 22 October 2019
Montreal-based private equity firm Walter Capital Partners has named Éric Doyon as managing partner. Prior to joining Walter Capital, Doyon was managing partner of Entrepreneur Capital.
2 min read · 22 October 2019
Benevity Inc, a Calgary-based provider of corporate social responsibility and employee engagement software, has raised US$40 million in Series C funding. The investors were General Atlantic and JMI Equity. The capital infusion will be used to support Benevity's platform and service.
1 min read · 22 October 2019
Edmonton-based Metabolomic Technologies Inc, a developer of metabolomics-based in-vitro diagnostics, has raised $4.2 million in Series A funding. The investors were not named.
1 min read · 22 October 2019
