IWG Technologies Inc. has completed previously announced plan of arrangement with WM Capital Management, Inc., as guarantor, and 1096777 B.C. Ltd., the acquirer, an entity controlled by BASE Equity Partners, L.P. and WM.
1096777 B.C. Ltd has acquired all of the issued and outstanding shares of IWG for $0.43 in cash per share for aggregate consideration of approximately $16.8 million.
PenderFund Capital Management Ltd. was the single laregest shareholder controlling approximately 16.2% of IWG outstanding shares.
Working Capital Corporation acted as financial advisor to IWG Technologies Inc. in connection with the transaction. McCullough O’Connor Irwin LLP and McMillan LLP acted as legal counsels to IWG and the purchaser respectively.
photo credit: IWG Technologies
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Daisy Intelligence secures $10M Series A led by Framework Venture Partners - September 20, 2019
- Hydrostor closes US $37M funding and asset acquisition transaction - September 19, 2019
- CPPIB to acquire 45% stake in LMS, Indonesia’s Cipali toll operartor - September 19, 2019