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DRB, vertical software provider for a niche segment in the automotive vertical, is likely to see a mix of strategics and PE firms bidding in the auction's first round, sources tell PE Hub.

Toronto-based digital health marketplace Rocket Doctor has secured $2.7 million in a seed-stage financing.

Gryphon Investors has acquired a majority stake in the ServiceNow division of Highmetric, a digital IT services provider, from Acacia Group.

Avison Young has acquired Cassian, a Paris-based real estate asset and investment management company.

CAI Capital Partners has agreed to sell Feeney Utility Services Group, a Boston-based provider of maintenance, repair and upgrade services to natural gas utilities.

Saskatoon-based Vendasta, a platform for channel partners providing digital solutions to small businesses, has secured C$119.5 million in financing.

InstarAGF Asset Management, a Canadian mid-market infrastructure investment firm, has rebranded as Instar Asset Management, ending its joint venture with AGF Management.

Silversmith Capital Partners has wrapped up the sale of Calgary-based Absorb Software, a provider of cloud-based learning and performance management software.

Delta, British Columbia-based Hydra Energy, a hydrogen-as-a-service provider for commercial fleets, has collected $12 million in financing.