Forestry

HASSLACHER invests in Kensington backed Element5

CPE News

Patrick Chouinard and Patrick Poulin led and Kensington Capital Partners backed Element5 secured strategic investment from Austria's HASSLACHER Group.

Flash Forest secures Series A financing

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

CPE News

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

Ted Liu

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

Ted Liu

Brookfield Asset Management sold 100% interest in Acadian Timber (TSX: ADN) to Macer Forest Holdings for $128 million in cash.

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