Blockstream secures US $125M debt financing
Blockstream secured US $125M in convertible note and secured loan. Kingsway Capital led the convertible note with Fulgur Ventures and others participation. Cohen & Company Capital Markets acted as exclusive financial advisor while Osler, Hoskin & Harcourt LLP acted as legal counsel.
VetCare Canada Holdings closes $100M private placement
Andrew Black founded VetCare Canada Holdings Inc. secured $100M minority equity funding by way of private placement. Deloitte Corporate Finance Inc. acted as exclusive financial advisor.
DOTW (Profile) – DFC Cash Management Fund
NT Global Advisors managed DFC Cash Management Fund, a Diversified Fund of Canada family fund, became the first investment fund to report over $1 billion in fundraising in 2022
Traction Complete secures financing
Greg Malpass founded Traction Complete secured $5M in growth financing led by Pender Ventures and Thomvest Ventures.
Pender Technology Inflection Fund II holds $50M initial close
PenderFund Capital Management’s Pender Technology Inflection Fund II Limited Partnership held $50M initial close with commitments from Export Development Canada (EDC), BMO Capital Partners, CIBC, Kinsted Wealth, Vancity, and Pender Growth Fund Inc.
BMO GAM launches Georgian Alignment II Access Fund
BMO Global Asset Management launched BMO Georgian Alignment II Access Fund LP to US $1B targetted Georgian Alignment Fund II.
PFM Capital holds initial close for 4th flagship PE fund
PFM Capital held initial close for Apex IV Investment Fund with commitments primary from accredited investors from Saskatchewan.
BTG Capital closes inaugural energy infrastructure fund at $74.2M
C. Brett Stevenson, Tom W. Buchanan, Gable T. Gross led BTG Capital Inc. final closed inaugural BTG Energy Infrastructure Partners LP Fund I at $74.2M.
Jean-Guy Desjardins re-assumes CEO of Fiera Capital
Jean-Guy Desjardins, founder and Executive Chairman of Fiera Capital Corporation and controlling shareholder, returned as CEO effective immediately, replacing Jean-Philippe Lemay who became Global President & CEO in January 2022.
Lee Blakemore joins Introhive as CEO
Introhive introduced Lee Blakemore as new Chief Executive Officer (CEO), replacing current CEO and co-founder, Jody Glidden.
Maple hires Nick Stein as CMO
Loblaw Companies Limited backed Maple Corporation hired Nick Stein, former Chief Marketing Officer (CMO) at PocketHealth and Top Hat, as its first CMO.
Greg Allen joins Chrysalix Venture Capital as Partner
Greg Allen, former CEO of Wellington Drive Technologies (now AoFrio), joined Chrysalix Venture Capital as Vancouver based Partner, supporting investment team with selected portfolio companies in director and observer roles.
CPP Investments names Kristina Fanjoy Senior MD and CFO
Canada Pension Plan Investment Board (CPP Investments) named Kristina Fanjoy, CPA, as Senior Managing Director and new Chief Financial Officer.
BUY-SELL AGREEMENTS: You need one
Mark Borkowski: BUY-SELL AGREEMENT and plan ahead, to safeguard business future between/among business partners/owners
Selling a Business is like going to the Theatre
Mark Borkowski: Selling a Business is like going to the Theatre, both a business owner and a star performer must know their roles, the script, the story, as well as the other major players
Choosing the right financial partner when selling your business
Mark Borkowski: business owners need to partner with the private equity firm, that ‘rolls up their sleeves’ and tackle issues together, to ‘de-risk the business’, resulting in long-term value creation.
Is this the Right Time to Consider Selling a Business?
Mark Borkowski: factors determine best timing for selling a business — financial condition of the company, valuation, growth cycle, profit history, and current market
Private Ownership now being replaced by Private Equity Funds
Private Equity Groups became a major force in acquisitions or as strategic acquirers in add-on acquisitions, maybe in a position to pay more than an industry or strategic buyer
