2016-10-31
Funds
Spring Lane Capital Fund I final closes at US $156.5M
Spring Lane Capital closed inaugural fund with US $156.5M capital commitments, including $15M from BDC Capital, $7.5M from Fonds de solidarité, $3.5M from Fondaction, $3M from Palomino Capital
CPPIB commmits $150M to India’s National Investment and Infrastructure Fund
CPPIB committed US $150M along with up to US $450M co-investment rights to National Investment and Infrastructure Fund (NIIF)’s Master Fund
Chrysalix RoboValley Fund holds second close
Chrysalix RoboValley Fund held 2nd close with commitments from Caterpillar, J-POWER, South32, and unnamed mining equipment company
Portag3 Ventures II final closes at $427M
Portag3 Ventures II held $229M 2nd and final close with commitment from Alternan, Aviva France, BDC Capital, CDPQ, CNP, Co-operators, Eldridge, Green Shield Canada, Harel, iA Financial, Laurentian Bank, NSV Wolf Capital, PSP Investments, Western & Southern Financial
Deals
Synaptive Medical closes US $25M financing led by Linamar and Audible Capital
Synaptive Medical secured US $25M new preferred equity financing led by Linamar and Audible Capital with participation of a mix of both existing and new investors
People
Former Fiera Capital EVP Martin Dufresne joins Walter Global Asset Management as President
Walter Global Asset Management hired Martin Dufresne, former EVP at Fiera Capital, as its President and Managing Partner.
Guest, Sponsored
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
Conferences
Analysis, Leaderboard, Commentary
Canadian VC disbursements to set record – Q3 2019 VC report
CPE Media Analytics released its venture capital report for the first three quarters of 2019: investments from US investors now accounted for half of all VC $ went to Canadian companies.
First Half VC on torrid pace with 264 financings for $2.9B – CPE Media Analytics
First half of 2019 Canadian VC set a torrid pace, with 264 financings completed totaling $2.9 billion, on pace to pass $5B mark for first time since 2000
H1 2019 – Owen Bird and Torys leading law firms in exempt financing
H1 2019 exempt financing – top 5 law firms in # of deals: Owen Bird, Burstall, Clark Wilson, Cassels Brock & Blackwell, Dentons Canada; top 5 in deal values: Torys, McCarthy Tétrault, Norton Rose Fulbright Canada, Stikeman Elliott, Davies Ward Phillips & Vineberg
H1 2019 – Canaccord and Greybrook leading Dealer and EMD financing fees earned
Canaccord Genuity Corp. and Greybrook Securities Inc. were leading investment dealer and EMD respectively in the first half of 2019 exempt financing fees earned.
