Golden Opportunities Fund to buy SEB's Paradigm Consulting
Smart Employee Benefits Inc (TSX-V: SEB) has agreed to sell Paradigm Consulting Group Inc to Golden Opportunities Fund, a retail fund managed by Canadian private equity and venture capital firm Westcap Management. The deal, scheduled to close on November 30, includes a cash payment, cancellation of a $3 million preferred investment made by Golden Opportunities earlier in 2018, and a working capital adjustment. Mississauga, Ontario-based SEB is a provider of technology solutions and services for managing benefit and healthcare claims processing. It said it will retain a partnership with Regina-based Paradigm for deployment of SEB solutions and services in Saskatchewan and Manitoba.
25 September 2018•2 mins read
