Brightspark holds initial close for Canadian Opportunities Fund II
Mark Skapinker and Sophie Forest led Brightspark Ventures held initial accredited investor closing for Brightspark Canadian Opportunities Fund IIContinue Reading
Mark Skapinker and Sophie Forest led Brightspark Ventures held initial accredited investor closing for Brightspark Canadian Opportunities Fund IIContinue Reading
Daimler Truck AG’s Torc Robotics to acquire Algolux from Allan Benchetrit led management shareholders and GM Ventures, Generation Ventures, Drive Capital, Forté Ventures, Real Ventures, Intact Ventures, Alumni Ventures Group, Playground Ventures. Continue Reading
Luis Romero led Equisoft secures $125M new funding led by Investissement Québec ($70M) with participation from principal shareholders, Export Development Canada (EDC) and Fondaction. RBC Capital Markets served as exclusive financial advisor to Equisoft. Continue Reading
Calin Rovinescu, former CEO of Air Canada, joined Novacap and CDPQ backed and Ken Harris led Plusgrade board of directors and became an investor.Continue Reading
LKQ to acquire Uni-Select Inc. for CDN $48 per share for total enterprise value of CDN $2.8B from EdgePoint Investment Group Inc., Birch Hill Equity Partners Management Inc., and other shareholders. Continue Reading
CGI to purchase for cancellation of 3,344,996 of Class A subordinate voting shares held by CDPQ for $119.58 per share for $400M. CDPQ will reduces stake to below 10% (8.2%) continuing to hold 19.18M Class A shares. Continue Reading
Esperas Pharma Inc. secured follow-on investment by TVM Capital Life Science, through TVM Life Science Innovation I SCSp, and Fonds de solidarité FTQ. Continue Reading
Cogeco Connexion acquired Internet business of Xavier Niel, Investissement Québec backed oxio which will focus exclusively on the growth of its software business. Continue Reading
Shore Capital Partners backed OC Flavors has acquired Novotaste from Robert Barakett, MCI Miritz Citrus GmbH & Co. KG and others. Continue Reading
Barclay Knapp and Naeem Komeilipoor led AAVAA Inc. raised $2M in seed funding led by Anges Quebec and AQC Capital with participation of TandemLaunch and Impulsion PME program/Investissement Québec ($750K). Anges Québec’s Guillaume Courtemanche joined AAVAA’s board. Continue Reading
Nicolas Morency founded Prevu3D secured US $10M Series A led by Cycle Capital with participation of Brightspark Ventures and Desjardins Capital.Continue Reading
Flowserve to acquire Velan Inc. from Velan family, Kernwood Limited and other shareholders at $13 per share for CDN $329M, including assumption of $48.9M outstanding gross debt and Velan’s $42.2M of cash and cash equivalents (11/30/2022)Continue Reading
Evertz Technologies Limited increased stake in Haivision Systems to 2,886,100 shares (10.01%), becoming 3rd largest shareholder behind Haivision founder & CEO Miroslav (Mirko) Wicha and Thomas O. Hecht. Continue Reading
Caisse de dépôt et placement du Québec (CDPQ) reached an agreement for the acquisition of a 50% co-control interest in A25 Concession from Transurban Group (ASX: TCL) for CDN $355M. Continue Reading
Paul Tornatta, Artmiz Golkaramnay and Gursimran Singh Sethi led LATYS secured $3M seed funding led by Rhapsody Venture Partners with participation from TandemLaunch Ventures. Bernard Lupien, GP at Rhapsody, joined LATYS board of directors. Continue Reading
Investissement Québec led $12.675M convertible debenture financing in Goodfood Market Corp. (TSX: FOOD) with $10M investment, would become largest shareholder on as converted basis. Continue Reading
MiddleGround Capital acquired Megatech from from Alfar Capital and Jean Blanchet who remains with the company following the acquisition. Stifel acted as exclusive financial advisor to Megatech. Continue Reading
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