Private Equity
PFM Capital Inc has exited its stake in the Regina, Saskatchewan-based Factory Optical group of designer eyewear companies. No financial terms were disclosed. The exit is the result of a sale of the business to an unnamed buyer.
2 min read · 15 October 2019
TIMIA has agreed to invest US$3 million in an unidentified Connecticut-based software company. The financing includes an initial disbursement of US$1,400,000 and a further US$1,600,000 to be disbursed upon certain milestones being met over the term of the agreement. Based in Vancouver, British Columbia, TIMIA is a specialty finance company.
2 min read · 15 October 2019
Canada Pension Plan Investment Board alongside KKR will acquire a stake in Axel Springer, a German publishing firm. CPPIB's financial commitment will be at least 500 million euros.
2 min read · 15 October 2019
CONSOR Engineers, a portfolio company of Keystone Capital, has acquired Fort Myers, Florida-based TKW Consulting Engineers, a engineering and inspection firm specializing in water/wastewater, structural and civil projects. No financial terms were disclosed. CONSOR is a North American transportation and infrastructure engineering firm. CONSOR has offices in multiple cities, which include Toronto, Dallas, Miami and New York City.
2 min read · 11 October 2019
Pattern Energy, which is backed by Riverstone Holdings, has agreed to acquire two operating wind power facilities: the Henvey Inlet Wind facility in Ontario and the Grady Wind Facility in New Mexico. The purchase price is US$293 million. In addition to the acquisitions, Toronto-based investment firm CBRE Caledon has agreed to invest US$260 million in the San Francisco-based Pattern Energy Group, a renewable energy company. A number of institutional co-investors are also participating in the transaction alongside CBRE Caledon. Pattern will use the capital for general corporate purposes and buying certain operational renewable energy projects developed by Pattern Development. Pattern Energy is listed on the NASDAQ and the Toronto Stock Exchange.
6 min read · 11 October 2019
Picture Head Holdings, which is backed by Trive Capital and Five Crowns Capital, has acquired UK-based The Farm Post Production and Vancouver-based Finale Post. No financial terms were disclosed. Both The Farm and Finale provide critical post-production content editing, finishing, visual effects and storage services for feature film, episodic TV, broadcast television and other media studios.
2 min read · 10 October 2019
Québec-based Voilà!, an employee-centric platform that simplifies scheduling and workforce optimization, has raised nearly $3 million in funding. The investors include Investissement Québec, Panache Ventures and Telegraph Hill Capital. The capital infusion will be used for personnel hiring, growth and to add business intelligence components.
2 min read · 10 October 2019
City Wide Towing & Recovery Service Ltd, a Calgary-based provider of recovery services, has combined with ULS Maintenance & Landscaping Inc, a Rocky View, Alberta-based provider of snow and ice management, garbage collection, landscape maintenance and other services in Western Canada. Terms weren't disclosed. The companies said the deal creates one of Canada's largest municipal service businesses. Canadian mid-market private equity firm Signal Hill Equity Partners, which invested in City Wide in 2015, provided growth capital to support the merger.
3 min read · 09 October 2019
Oxford Living, the Canadian seniors housing management and investment affiliate of U.S. real estate private equity firm Oxford Capital Group, has acquired six private-pay supportive living properties located across Ontario. No financial terms were disclosed. The deal, done in partnership with Starr Insurance Companies, increases Oxford Living's portfolio of Ontario retirement communities to fifteen.
4 min read · 09 October 2019
The Sacramento Municipal Utility District (SMUD) is looking to raise a venture capital fund to back startups developing mobility technology, according to a report by the Sacramento Business Journal. The fund is targeting US$100 million, the report said, mostly from corporate investors, such as automotive and technology companies. EnerTech Capital, a Toronto-based energy technology venture capital firm, will manage the fund.
1 min read · 09 October 2019
