iA Financial Group invested $25M for a 10% equity interest in AutoCanada's business unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji's online marketplaces.
Ontario Teachers' HomeEquity Bank completed inaugural $175M Deposit Note offering led by CIBC Capital Markets and TD Securities.
British Columbia Investment Management Corporation (BCI) closed oversubscribed $1.25B inaugural bond issuance, joining CPP Investments, PSP Investments, CDPQ, Ontario Teachers and OMERs in direct bond issuances/debt offerings.
Reza Soltanzadeh and Barthelemy Helg led Borealis Foods Inc. secured US $25M Senior Secured Credit Facility from FrontWell Capital Partners
CDPQ, Investissement Québec and Energy Impact Partners backed FLO secured a $60 million revolving credit facility from National Bank of Canada's Technology and Innovation Banking Group.
ADQ, Bank of Montreal (BMO) to join Great-West Lifeco (GWL) as minority shareholders in Sagard management company. Power Corporation of Canada will remain as controlling shareholder and Paul Desmarais III personally remains as minority shareholder.
Ryan S.D. Wilson led Minutebook Technologies secured $3.3 million SAFE private placement financing.
Groupe Nouveau Pont Île-Aux-Tourtes closed $380.15M senior bond offering with participation of CDPQ, BCI (likely) and 4 Ontario and Quebec investors. Scotia Capital Inc. and CIBC World Markets acted as underwriters of the bond offering.
Sym-Tech Dealer Services, a subsidiary of Madison Dearborn Partners backed Amynta Group, closed acquisition of SSQ Dealer Services from Beneva Group. Francis Vallée will continue to lead SSQ Dealer Services, to be rebranded as Sym-Tech Dealer Services.
Maxwell Nicholson, Kartik Bhutani and Annika Ng founded Blossom Social Inc. secured $750,000 in additional pre-seed funding from a group of private investors including Ryan Holmes, Manny Padda, Brandon Beavis and Shay Huang.