Private Equity
Toronto-based Northleaf Capital Partners, a private markets investment firm, has raised US$1 billion for its mid-market private equity, private credit and infrastructure investment programs. Northleaf's backers include Canada Pension Plan Investment Board and Caisse de dépôt et placement du Québec. As a result of this capital infusion, the total tally of Northleaf’s private equity, private credit and infrastructure commitments are more than US$13 billion. Northleaf was spun out from TD Bank Group 10 years ago.
3 min read · 26 September 2019
Canadian private equity firm Yellow Point Equity Partners announced earlier this month it closed an investment in Securiguard Services Ltd, a Vancouver-based provider of uniformed guard and related security services. No financial terms were disclosed. Securiguard has more than 2,200 security officers deployed across British Columbia and Alberta. Yellow Point invested from its fourth mid-market fund, which raised $150 million in 2015.
2 min read · 26 September 2019
Canada Pension Plan Investment Board (CPPIB) has hired U.S. investment bank Citi to explore the sale of its 39 percent stake in European car park management company Interparking Group, sources told Reuters. Brussels-based Interparking has more than 800 car parks in nine countries. CPPIB acquired the stake in 2014 from AG Real Estate for about 376 million euros (US$412 million).
1 min read · 25 September 2019
Eavor, a Canadian cleantech startup, has raised C$15 million in Series A funding. The investors included Vickers Venture Partners. The capital infusion will be used for growth.
1 min read · 25 September 2019
Verafin, a Canadian financial crime management software company, has completed a $515 million equity and debt recapitalization. Proceeds of the recap will be used for growth. Investors in the equity round were Spectrum Equity, Information Venture Partners, Northleaf Capital Partners, BDC Capital and Teralys Capital. Wells Fargo Capital Finance led the senior debt financing with participation from other backers that included Scotiabank.
1 min read · 25 September 2019
CIBC Innovation Banking has provided US$20 million in debt financing to San Francisco-based Aktana, a provider of decision support for global life science companies. Aktana is backed by HLM Venture Partners, Leerink Partners, SafeGuard Ventures and Starfish Ventures. CIBC has offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver.
2 min read · 25 September 2019
KNØX, a provider of a digital asset custody service for institutions and fiduciaries with comprehensive insurance coverage, has raised US$6.2 million in funding. Initialized and iNovia led the round with participation from Fidelity Investments Canada, FJ Labs and Ferst Capital. KNØX is based in Montreal.
1 min read · 24 September 2019
CIBC Innovation Banking has provided a refinancing of White Star Capital’s capital call line. No financial terms were disclosed. In June 2018, White Star closed its second fund at US$180 million. White Star Capital is a tech-focused early-stage venture firm that invests in North America and Europe. The firm has offices in Montreal, New York, London, Paris, Tokyo and Hong Kong.
2 min read · 24 September 2019
Toronto-based Wealthsimple, an online investing service and trading app, has acquired SimpleTax, a Canadian web-based tax preparation service. No financial terms were disclosed. Wealthsimple's backers include Allianz X, the investment arm of Allianz Group and Power Financial. SimpleTax was founded in 2012.
3 min read · 24 September 2019
Twin Point Capital LLC has made an investment in Dallas and Ontario-based Stealth Monitoring, a provider of remote video monitoring solutions to residential, commercial and industrial businesses. No financial terms were disclosed. As a result of this transaction, Canadian private equity firm Auxo Management will retain "substantial" ownership in Stealth, with the existing management remaining in place.
3 min read · 24 September 2019
