Private Equity
Sonoma Brands, a growth equity firm in Sonoma California, has closed its second fund at $60 million. In keeping with the firm's continuing strategy, the fund will focus on high-growth consumer brands as well as incubating new concepts.
4 min read · 09 January 2018
Globalive Technology Partners (GTP), a Canadian operating and investment platform that develops software and hardware stacks to commercialize machine intelligence and blockchain technology, has been launched by Globalive Capital, the founders of Mundo Inc and VRG Capital. GTP, which will partner with companies to roll out new technologies in a range of industries, will be led by Anthony Lacavera, founder of Wind Mobile and head of Globalive Capital. Its first partnership is with VIDL, a news technology company formed by media executives. GTP plans to raise an initial $10 million in seed-stage financing and undertake a public offering in mid-2018.
3 min read · 09 January 2018
2 min read · 09 January 2018
1 min read · 08 January 2018
Canadian private equity firm Clairvest Group has sold its interest in Wellington Financial, a Toronto-based specialty finance firm, to the Canadian Imperial Bank of Commerce (CIBC). No financial terms were disclosed for the deal, which includes the loan assets of Wellington Financial Fund V, which raised $300 million in 2015. Wellington was launched in 2000 by Clairvest and Mark McQueen, the firm's president and CEO, to provide growth-oriented debt to Canadian and U.S. technology companies, many of them venture-backed. Wellington's team will join the newly created CIBC Innovation Banking, which provides strategic advice and funding to innovative clients across North America.
3 min read · 08 January 2018
3 min read · 08 January 2018
The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.
2 min read · 05 January 2018
BlueIO Management has set out to raise a venture capital fund named Series Virsec, according to a filing with the SEC.
1 min read · 05 January 2018
The Fonds de solidarité FTQ reported comprehensive income of $506 million in the first six months of its 2017-2018 financial year. The Montréal-based investor, led by President and CEO Gaétan Morin, also earned a 12-month return of 8.9 percent, which helped increase its net assets to $13.7 billion. During the six-month period ending November 30, Fonds de solidarité FTQ invested $526 million of development capital, primarily in Québec businesses, up from $287 million invested in the same period the year before.
3 min read · 05 January 2018
Galen Partners is seeking to raise $200 million for its sixth fund, according to an SEC filing. Based in Stamford, Connecticut, the growth equity firm focuses on healthcare.
1 min read · 05 January 2018
