Forestry
Flash Forest secures Series A financing
Bryce Jones, Cameron Jones, and Angelique Ahlstrom founded Flash Forest secured $11.4M Series A funding led by TELUS Pollinator Fund for Good and OurCrowd.
Interfor to acquire Chaleur Forest Products from Kilmer Group for $325M
Interfor to acquire from Kilmer Group 100% of equity interest in Chaleur Forest Products (comprising Chaleur Sawmills and Fornebu Lumber entities) in New Brunswick for $325M.
Interfor acquires Rayonier’s interest in GreenFirst Forest Products for $56M
Interfor Corporation (TSX: IFP) acquired 28,684,433 common shares of GreenFirst Forest Products Inc. (TSX: GFP) from Rayonier Advanced Materials Inc., being Rayonier's total holding, for CDN $56M.
Boreal Carbon secures $4M seed financing led by Senvest
Boreal Carbon Corporation secured $4M seed funding led by Senvest Capital Inc. and Osmington Inc. with participation of Nordstar Capital.
Viridis Terra Innovations secures $3.2M seed finaning
Viridis Terra Innovations secured $3.25M seed financing with a group of angel investors led by Bruce McKean, Gestion ChaMarin, NEL-i, Sustainable Development Technology Canada (SDTC), and Québec City.
GreenFirst closes $167.5M rights offering led by Senvest
GreenFirst Forest Products Inc. completed $167.5M rights offering led by Senvest Management, LLC which invested $62.77M and becomes the largest shareholder and new control person.
Senvest to backstop GreenFirst’s 167.5M acquisition rights offering
Senvest Management and Blue Torch Capital to back GreenFirst Forest Products' US $214M acquisition of Rayonier Advanced Materials' lumber and newsprint facilities in Ontario and Québec
GreenFirst to acquire former Tembec’s lumber and newsprint businesses from Rayonier for US $214M
GreenFirst Forest Products to acquire lumber and newsprint businesses of former Tembec from Rayonier Advanced Materials for US $214M (85/15 in cash/GreenFirst stock). Senvest to backstop GreenFirst's US $75M rights offering.
InstarAGF acquires PRT Growing Services from TriWest Capital Partners
InstarAGF Asset Management acquired PRT Growing Services Ltd. from TriWest Capital Partners. PRT's management team led by CEO Rob Miller will continue to lead the business.
Brookfield disposes another $701M worth West Fraser shares
Brookfield Asset Management disclosed another $701M worth West Fraser shares on TSX open market. Brookfield continues to own 9,913,974 shares or 4,757,089 shares upon settlement of swap for sale of 5,156,885 shares.
Brookfield disposes additional $207.5M worth West Fraser shares on open market
Brookfield Asset Management disclosed additional $207.4M worth West Fraser shares, following $229.5M sales in February, all on TSX open market. Brookfield continues to own 18,371,252 West Fraser shares (15.2%).
Drax Group to acquire ONCAP backed Pinnacle Renewable for $831M
Drax Group plc (LSE: DRX) to acquire Pinnacle Renewable Energy (TSX: PL) from Onex's ONCAP II funds, Prospect Co., Ltd., other shareholders for $385M with an enterprise value of $831M
West Fraser closes acquisition of Brookfield controlled Norbord
West Fraser Timber closed acquisition of Norbord from Brookfield Asset Management and other shareholders. Brookfield becomes largest shareholder of West Fraser ahead of founding Ketcham family and affiliates
Fonds de solidarité funds invest in Preverco
Fonds de solidarité FTQ and Fonds régionaux de solidarité FTQ Québec (FRS) invested $7 million in Duchesne family owned Preverco
Klassen Wood secures $1.5M financing from BDC Capital
BDC Capital Growth and Transition Capital provided $1.5M non-dilutive financing to Klassen Wood Co. Kyle Duignan, Director of Growth & Transition Capital, led the transaction
Canfor agrees to $2B privatization by Jim Pattison’s Great Pacific Capital
Canfor agreed to $16 per share privatization proposal by Jim Pattison' Great Pacific Capital Corp. with a total equity value of $2 billion
Brookfield sells Acadian Timber interest for $128M, remains as external manager
Brookfield Asset Management sold 100% interest in Acadian Timber (TSX: ADN) to Macer Forest Holdings for $128 million in cash.
Jim Pattison’s Great Pacific Capital proposes to take Canfor private for $984M
Jim Pattison's Great Pacific Capital proposed to take Canfor private, paying $16/share or $984M in cash to buy out minority shareholders
