Onex to wind down Gluskin Sheff
Onex to transfer principal operations of Gluskin Sheff to RBC Wealth Management Canada and wind down Gluskin Sheff which it paid US $330M to acquire in 2019.
Asia focused SPAC Oak Woods prices US $50M IPO
Oak Woods Acquisition Corporation, a Nepean, Ontario based newly organized blank check company with focus on acquiring a target business in Asia including Peoples Republic of China, priced IPO of 5M units at $10 per unit and will commence trading on NASDAQ on March 24, 2023.
Mercator AI secures US $3.75M seed financing
Chloe Smith and Hogan Lee founded Mercator AI secured US $3.75M seed funding led by Freestyle Ventures and Builders VC with participation of Standup Ventures, Zacua Ventures, The51, Dustin DeVan and other private investors.
Orion Mine Finance to dispose $285M Capstone Copper shares
Orion Mine Finance to dispose up to $327.75M shares of Capstone Copper Corp., to continue hold 172,336,179 shares assuming over-allotment option exercised in full by the underwriting syndicate led by National Bank Financial Inc. and Scotia Capital Inc.
SeaFort Capital Fund II closes at $189M
SeaFort Capital Inc. final closed SeaFort Capital Fund II at $189M, including $40M lead commitment from founding Sobey and McCain families and commitments from Export Development Canada (EDC), CIBC, BMO Capital Partners, Jessiman Family Investments Inc., and other investors.
Vertu Partners Fund I final closes at $300M+
Lisa Melchior led Vertu Ventures/Vertu Capital closed Vertu Partners Fund I with $300M+ commitments from New York State Common Retirement Fund, BDC Capital, BMO Capital Partners, BMO Global Asset Management, CIBC, Export Development Canada, Manulife Investment Management, other asset managers, family offices, and individuals.
August Capital to connect private investment managers with institutional capital
Katie Fasken and Erica Publow led August Capital officially launched to connect exceptional private investment managers with trusted network of Canadian institutional capital.
Yaletown Innovation Growth II closes at $200M hard-cap
Salil Munjal, Brad Johns and Hans Knapp led Yaletown Partners closed Yaletown Innovation Growth II at $200M hard-cap, representing a 50% from Yaletown Innovation Growth. Osler, Hoskin & Harcourt LLP acted as legal counsel.
Calin Rovinescu joins Plusgrade board
Calin Rovinescu, former CEO of Air Canada, joined Novacap and CDPQ backed and Ken Harris led Plusgrade board of directors and became an investor.
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.
Quality of Earnings Reports: The New Reality in M&A, Venture, and PE Risk Management
Quality of Earnings Reports: The New Reality in M&A, Venture, and PE Risk Management. New KYC? banks, lenders, and investors of all sorts are asking their clients for a “Quality of Earnings Report”.
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