Business Products and Services
Cornell Capital LLC and TorQuest Partners backed S.i. Systems ULC acquired HVN Solutions Ltd. and affiliated companies from founders Andrew Kieran, Nicholas Allard.
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.
Morgan Stanley Capital Partners backed Alliance Technical Group acquired ORTECH Consulting Inc. from principals Scott Manser, Steve Thorndyke, and Chris Belore.
Spellbook closes its tranched US $20M Series A funding led by Inovia Capital with participation of Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures.
Mohr Davidow Ventures (MDV) finally exited BuildDirect.com Technologies after 10 years and sold all its shareholding to Kinderhook Partners which becomes 2nd largest shareholder behind of Pelecanus Investments Ltd., ahead of Lyra Growth Partners Inc., Beedie investments Ltd.
Rocscience officially announced closing of investment from TA Associates. Nicholas Leppla, Ashutosh Agrawal, Managing Director at TA, and John Triebsch, SVP at TA, joined Rocscience board of directors. Founder Dr. John Curran remains on the board.
FINSIGHT Group to vote against Sumeru Equity Partners proposed acquisition of Q4, "a premature and opportunistic transfer of value from minority (non-rolling) shareholders to insiders, Ten Coves Capital, Darrell F. Heaps (CE0), W. Neil Murdoch (director) and Beven Gray, and to the purchaser."
OneMove Capital Ltd., a BVI corporation controlled by Tyler Proud, disposed of ownership and control over 75,000 common shares of Dye & Durham Limited through the facilities of TSX at a price of $15.10 per share, for $1,132,500, reducing stake from 10.05% to 9.91%.
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.
James Clift, Ross Howard-Jones, and Helio Bentes founded Durable secured $14M Series A funding led by Spark Capital with participation from existing investors Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital.
Scott Pielsticker led ContactMonkey secured $55M Series A funding from Updata Partners. Updata Partner Braden Snyder and Operating Partner Sloan Gaon will join ContactMonkey's board of directors.
Adam Bogoroch, Shardul Frey and Matt Bogoroch founded Birdseye secured US $3M seed financing from Drive Capital. Masha Khusid, Partner of Drive Capital, will join Birdseye's board of directors.
TA Associates backed MAV Beauty Brands Inc. filed for CCAA and announced assets sale to Nexus Capital Management LP for a purchase price significantly less than current principal amount of outstanding debt (US $121.7M).
Sumeru Equity Partners to acquire Q4 for $257M or $174M excluding rolling shares held by Ten Coves Capital, Darrell F. Heaps, W. Neil Murdoch, and other insiders, from Fidelity Investments and other shareholders.
Founders East Capital Partners acquired Alumitech Architectural Glass and Metal from founder Norsat Eblaghi who will remain as a shareholder and a director of the company.