Private Deals
VC-backed FLO secures $60M revolving credit facility from National Bank
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 and Bank of Montreal invest in Sagard management company
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.
Minutebook Technologies announces $3.3M SAFE private placement
Ryan S.D. Wilson led Minutebook Technologies secured $3.3 million SAFE private placement financing.
CDPQ invests $75M in Groupe Nouveau Pont Île-Aux-Tourtes
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.
Libro secures financing
Libro secured a significant financing investment from Fondaction and BDC Capital Growth & Transition Capital
Nulogy secures $20M financing led by EDC
Nulogy secured $20M funding in a mix of funding from Export Development Canada (EDC) and incremental working capital from a Tier 1 Canadian Bank.
Aplantex announces $1.3M financing
Patrick Charest and Mourad Sabri led Aplantex has announced the closing of $1.3 million private financing.
Amynta’s Sym-Tech closes acquisition of SSQ Dealer Services from Beneva
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.
FrontFundr closes new private placement financing
FrontFundr's parent company closed new private placement by way of Offering memorandum (OM) with subscriptions from Canadian, Saudi Arabian and Dutch investors.
Sparrow Living secures $1M funding
Oren Singer and Gavin Servai founded Sparrow Living received $1M in funding for its homesharing platform, $500K each from Accenture and Government of Canada (National Housing Strategy Innovation Programs).
EnerPure announces $10M private placement and plan for public listing
Todd Habicht founded EnerPure announced $10M private placement and officially announced plan to go public on a Canadian exchange. Ascenta Finance Corp. (lead) and Moneta Advisory Partners act as placement agents.
Nexus Renewables secures US $5M credit facility from Scale Microgrid
Keith Sandor led Nexus Renewables Inc. closed a US $5M asset-backed credit facility with Scale Microgrid Solutions LLC, a Warburg Pincus LLC portfolio company.
Slate Asset Management invests in Roswall Development
Slate Asset Management acquired significant minority stake in Daniel Roscoe led Roswall Development Inc.
FreshBooks secures up to US $125M debt facility
FreshBooks secured a US $100M syndicated debt facility with BMO Financial Group and J.P. Morgan plus uncommitted accordion feature of US $25M, for a total borrowing capacity of up to US $125M.
KKR invests in 123Dentist, Altima Dental, and Lapointe Group merger
Peloton Capital Management backed 123Dentist and Sentinel Capital Partners backed Altima Dental to merge with Lapointe Group with backing from KKR, Heartland Dental, Peloton and Sentiel. 123Dentist CEO Dr. Amin Shivji will lead the combined entity.
Parallelz secures US $3M pre-seed funding led by Andre Charoo
Albert Lai founded Parallelz secured $3M pre-seed funding led by Andre Charoo with participation of Ed Baker, Ryan Hoover, Jonathan Lai, Jude Gomila, Kyu Lee, Farhan Thawar, Global Founders Capital, Play Ventures, Garage Capital, Two Small Fish Ventures.
Vision Greens secures $7M private financing
Lenny Louis led vertical farm Vision Greens closed $7 million private financing.
Alpha Blue Ocean to invest $10M in SNAP Brands Ventures
SNAP Brands Ventures Inc. announced CDN $10M financing commitment from Alpha Blue Ocean and go-public agreement on a Canadian exchange by way reverse takeover transaction (RTO).
