DEALS
Gumloop secures US $3.1M seed financing
Max Brodeur-Urbas and Rahul Behal founded Gumloop secured US $3.1M seed funding led by First Round Capital with participation from Y Combinator, and private investors.
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Agilent Technologies to acquire BIOVECTRA
Agilent Technologies to acquire BIOVECTRA, a Charlottetown, PEI based CDMO, from H.I.G. Capital for US $925 million.
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A&W Food Services of Canada to acquire A&W Revenue Royalties Income Fund
TorQuest Partners backed A&W Food Services of Canada Inc. to combine with A&W Revenue Royalties Income Fund to form a new public company with TorQuest owning 19.4%, other current A&W Food Services shareholders owning 39.6%, and existing Fund unitholders owning 41%. Susan Senecal continues to lead the newco as CEO.
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PEOPLE
Ben Watsa to take over from as Chair of Fairfax India Holdings
Ben Watsa to take over as Chairman of Fairfax India from father Prem Watsa who will remain as a director of Fairfax India. Gopal Soundarajan will be appointed CEO of Fairfax India and current CEO Chandran Ratnaswami will become Executive Vice Chairman.
