Canada

Great Rock hires Bloom as MD for Toronto

Great Rock Capital has named Ronnie Bloom as managing director of originations. Bloom will be based in Toronto. In his new role, Bloom will be responsible for building relationships, sourcing investment opportunities and driving the continued expansion of the firm in the Canadian market. Bloom's work background includes origination roles at both Wells Fargo Bank and the Royal Bank of Canada. Headquartered in Westport, Connecticut, Great Rock is an asset-focused commercial finance company specializing in middle market lending.

SVB provides venture debt to Parity

Parity Inc has secured C$1.25 million in venture debt from Silicon Valley Bank. Parity is a Canadian protech company using artificial intelligence to eliminate energy waste in multi-residential buildings. Recently, Parity closed a Series A investment with ArcTern Ventures, a North American cleantech venture fund.

Relentless Venture Fund invests in Snapclarity

The Relentless Venture Fund has made an investment in Ottawa-based Snapclarity Inc, a mental well-being and healthcare platform. No financial terms were disclosed. In addition to the funding, Brenda Irwin will be joining Snapclarity's board of directors.

PE-backed Shermco buys NextGen

Shermo Industries Inc, which is backed by Gryphon Investors, has acquired North Vancouver, British Columbia-based NextGen Technologies Ltd, an electrical testing services provider. No financial terms were disclosed. The NextGen management team will remain with the company.

Whitehorse adds principal to capital management team

Toronto-based Whitehorse Liquidity Partners Inc, a provider of structured liquidity solutions for private equity portfolios, has named Josh Booth as a principal. Booth will be joining the firm's capital management team. Previously, Booth worked at Canada Pension Plan Investment Board.

Canndescent fetches Series C

California-based Canndescent, a cultivator of cannabis, has raised $27.5 million in Series C funding. Green Acre Capital, a cannabis-specific venture fund from Canada, led the round. Other investors that participated in the round were Carnegie Arch Capital, Senterra, LLC., Altitude Investment Management, JW Asset Management and an unnamed beer company from Asia. DelMorgan & Company and Benchmark provided financial advice on the transaction.

Round 13 Capital leads funding round for Sourced Group

Sourced Group, a global IT consultancy specializing in large-scale cloud transformations for regulated industries, has secured C$20 million in financing. Toronto-based Round 13 Capital led the round with participation from Comerica Bank and HSBC. In addition to the investment, Round 13 Capital co-founder John Eckert will join Sourced's board of directors. Sourced has offices in Toronto, Australia and Singapore.

Sentinel to sell The Luminaires Group to Acuity Brands

Sentinel Capital Partners has agreed to sell Montreal-based The Luminaires Group, a maker of architectural lighting fixtures, to Acuity Brands Inc. No financial terms were disclosed. Christian Fabi serves as president of The Luminaires Group.

ABCS supports Tailwind's buyout of Ventiv

The Antares Bain Capital Complete Financing Solution, a joint venture between Antares and Bain Capital Credit, has provided a credit facility to support Tailwind Capital's acquisition of Ventiv Technology. No financial terms were disclosed. Ventiv is a software provider of integrated risk management solutions for businesses and government entities. Antares has offices in Atlanta, Chicago, Los Angeles, New York and Toronto.

Digital Bridge adds principal to investment team

Digital Bridge has named Geneviève Maltais-Boisvert as a principal to its investment team. In her new role, she will focus on sourcing and managing investments for the Digital Colony Partners, LP fund. Previously, Maltais-Boisvert was director of infrastructure investments at PSP Investments, a Canadian pension investment manager.