Imperial Capital invests $17 mln in STI Technologies, gives exits to early investors

Halifax, Nova Scotia-based STI Technologies Ltd, a provider of reimbursement solutions for the healthcare market, has received a $17 million investment from Canadian mid-market buyout firm Imperial Capital Group. The deal, which was approved by the company's shareholders on September 23, provides exits to STI's early investors, including GrowthWorks Atlantic Venture Fund. The new funds will be used to accelerate the company's expansion. As reported by peHUB Canada, Imperial recently raised in excess of $250 million for its fifth fund, Imperial Capital Acquisition Fund V.

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