Madison Industries completed acquisition of CAE Healthcare Canada Inc. from CAE Inc. for enterprise value of CDN $311 million.
Phoenix Partners acquired a majority stake in Alimentation Dynamic Inc. in partnership with Pascal Arsenault and Stéphanie Toupin who remain as shareholders and continue to lead as President and VP respectively.
John Valentini, Theresa Shutt and Paul Colatrella led Fiera Private Debt held initial close for 7th private credit fund, Fiera Private Debt Fund VII with $350M through a closed-end fund and a separately managed account.
Norea Capital launched $300M PE fund, Capital Norea II, with commitments from Groupe Familles d'Affaires Invest L.P., Investissement Québec, National Bank and other investors. Led by Luc Ménard, Norea Capital team includes partners, Paul Corriveau, François Duchesneau, Pierre-Luc Lapointe, Anne-Marie Piette, and Moses Bendayan.
Sam Youssef led Valsoft Corporation Inc. secured US $170M in growth funding led by Coatue and Viking Global Investors. Hans Reuter, Managing Director of Viking Global Investors, joined Valsoft board of directors.
Félix Bégin and Michel Déziel led Aquatech BM secured $1.7M in funding led by Fondaction with participation of Investissement Québec and $300K in repayable contribution from Canada Economic Development for Quebec Regions (CED).
KPMG Private Enterprise acquired accounting and advisory firm Ruby Stein Wagner from partners Hachem Halabi, Joseph Havas, Kyriakos Linardakis, and Peter Linardakis.
Simon Bédard, Etienne Soulard Geoffrion, Félix La Rocque Carrier founded Clinia Health Inc. secured $10M Series A led by TELUS with participation of AQC Capital, Anges Québec, Groupe Benoit, Kastello and Formentera Capital.
Vision Marine Technologies Inc. secured up to US $3M investment by form of preferred shares from Government of Québec, through Investissement Québec
Investissement Québec, BDC Capital, Fidelity and Desjardins Capital backed Leddartech's going public on NASDAQ saw its value of original holdings reduced from US $200M to US $53.4M (Jan 3, 2024).
Swander Pace Capital, CDPQ and Roynat Equity Partners acquired a majority stake in St-Méthode Bakery. Benoit Faucher, President of St-Méthode Bakery, will remain active as an advisor to new management team to ensure a smooth transition.
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.
O'Reilly Automotive to acquire Groupe Del Vasto and its Vast-Auto Distribution subsidiaries from John Del Vasto and family trust. Vast-Auto's management team, led by Mauro Cifelli, will continue to operate the business.