Private Equity

North America

PE-backed Foodtastic to buy fast-food restaurant chain Freshii

The purchase price is C$2.30 per share in cash, representing a total consideration of about C$74.4 million on a fully diluted basis.

2 min read · 19 December 2022

Power Sustainable Capital ups stake in Lion Electric Company

The purchase price is about $25 million (C$34 million).

1 min read · 19 December 2022

Advent acquires space company Maxar in $6.4bn take-private deal

Advent is taking a $3.1 billion stake in Maxar, with British Columbia Investment Management Corp also making a $1 billion equity contribution.

2 min read · 19 December 2022

Clearspring and OneLink invest in driving schools network Tecnic

Founded by the Sévigny and Aubé families in 1985, the Tecnic network includes 160 driving schools across Quebec and more than 1,000 instructors.

2 min read · 16 December 2022

AIMCo appoints Marlene Puffer as new chief investment officer

Puffer will assume her new role on January 30, 2023.

2 min read · 16 December 2022

Greenfire Resources to go public in US with $950m SPAC merger

Greenfire Resources, a Calgary-based intermediate low-cost oil sands producer, has agreed to combine with M3-Brigade Acquisition III Corp, listed on the New York Stock Exchange.

2 min read · 16 December 2022

PE-backed Foodtastic closes C$175m debt facility for acquisitions

The lending group is led by National Bank of Canada and includes Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, Canadian Western Bank and the Business Development Bank of Canada.

1 min read · 15 December 2022

Junior capital provider Penfund closes seventh fund at C$1.6bn

Fund VII will maintain Penfund's long-time strategy as a specialty lender, focusing on second lien, mezzanine, private high yield loans and other credit products.

2 min read · 14 December 2022

Lynx Equity acquires Resource4Floors, adds to flooring portfolio

Lynx, a Canadian private equity firm, specializes in acquiring and consolidating companies in the commercial flooring industry.

2 min read · 14 December 2022

Brookfield-backed Modulaire Group acquires Mobile Mini UK

Modulaire Group is an infrastructure services company specializing in modular services.

1 min read · 14 December 2022

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