Nilex Inc., a provider of construction materials, technologies and services to the civil, resource and environmental industries, has secured undisclosed amount investment from Fulcrum Capital Partners. Nilex is the seventh investment made by Fulcrum’s fourth private equity fund. Founded in 1977 by Walter van Woudenberg, Edmonton, Alberta based Nilex is a leader in the geosynthetics [...]

Persistence Capital Partners, a private equity fund exclusively focused on high-growth opportunities in the healthcare field, has held a first close for Persistence Capital Partners II, L.P., with commitments of over $90 million from leading Canadian institutional investors. Persistence Capital Partners is targeting a fund size of $225 million for its second fund. Persistence Capital [...]

CVCA – Canada’s Venture Capital & Private Equity Association has announced the recipients of 2013 ‘Deal of the Year Award’ recipients at its annual conference held in Banff, Alberta. Clairvest Group Inc. and Ontario Teachers’ Pension Plan (Teachers’) are the recipients of CVCA’s 2013 ‘Deal of the Year Awards for the private equity category. Lumira [...]

Minister of Finance, Jim Flaherty, has named Samuel L. Duboc, Jim W. Davidson, Gilles Duruflé, Dr. Robin Louis, and Annette Verschuren, to a newly established Venture Capital Expert Panel. The Panel, to be chaired by Duboc, will primarily provide advice and recommendations on two key elements of the $400 million Venture Capital Action Plan tabulated [...]

Crocodile Gold Corp. (TSX: CRK; OTCQX: CROCF; FRANKFURT: XGC) , a portfolio company of Luxor Capital Group LP, said Chantal Lavoie, its President & CEO and Chairman of the board, has resigned from his positions effective June 30, 2013. Lavoie, said the resignation is for personal reasons, in order to spend more time in Canada. [...]

Manitoba Telecom Services Inc. (TSX: MBT) has signed a binding agreement to sell its Allstream business to Accelero Capital Holdings S.ὰ r.l. Group, an investment and management group focused on telecommunication, digital media and technology in a transaction that values Allstream at $520 million, subject to certain customary adjustments, including assumed debt obligations and normalized [...]

StickerYou Inc., a provider of custom product platform, has secured a new round of private financing, raising $ from a group of private investors. Founded in 2008 by CEO Andrew J. Witkin, StickerYou offers flexible and easy-to-use proprietary technology platform that enables individuals and businesses to create their own high-quality die-cut stickers and labels for [...]

Morguard North American Residential Real Estate Investment Trust (TSX: MRG.UN) has closed the acquisition of the remaining six multi-unit residential properties from Pearlmark Multifamily Partners, LLC, an institutional fund sponsored by private equity firm Pearlmark Real Estate Partners, L.L.C. for US $232 million, excluding closing costs. On December 21, 2012, Morguard entered into an agreement [...]

The Business Development Bank of Canada (BDC) and the Caisse de dépôt et placement du Québec (The Caisse) have made made an $12 million investment in Revision Military Inc., a developer and manufacturer of ballistic eyewear, head protection systems and other protective equipment designed for military and tactical use. BDC is investing $7 million while [...]

The Social+Capital Partnership II L.P. has held an initial close, raising US $ The Social+Capital Partnership II has a fundraising target of $325 million. The Social+Capital Partnership is a partnership of philanthropists, technologists and capitalists utilizing venture capital as a force to create value and change on a global scale. The Partnership is based in [...]

AvidBiologics Inc., a developer of antibody‐drug conjugates (ADCs), has completed second tranche of its Series A round of private financing, raising $ AvidBiologics announced the closing of Series A in April 2012. Founded in 2011, AvidBiologics holds rights to novel compounds previously engineered in collaboration with National Research Council of Canada – Biotechnology Research Institute [...]

Data & Audio-Visual Enterprises Holdings Inc. (DAVE Holdings) and its affiliates (Mobilicity) said Catalyst Capital Group, Quadrangel and other debtholders have approved the acquisition plan by TELUS. Under the TELUS acquisition plan, TELUS will acquire Mobilicity as a going concern for a purchase price of $380 million, subject to a working capital adjustment. The entire [...]

ViXS Systems Inc., a portfolio company of Celtic House Venture Partners, New Enterprise Associate (NEA) and NOVACAP, and W 7 Acquisition Corp. (TSX-V: WSV.P) have formally entered into an amalgamation agreement. ViXS Subco Inc., a subsidiary of ViXS, and W 7 have agreed to amalgamate under the CBCA. The resulting issuer from the amalgamation of [...]

SolarWinds, Inc., (NYSE: SWI), through SolarWinds Worldwide, LLC, has agreed to acquire N-able Technologies International, Inc., a portfolio company of Accel-KKR and Laurence Capital Corp., for $120.0 million in cash. Ottawa based N-able is a leader in Cloud-based remote monitoring and management (RMM) and service automation software for Managed Service Providers (MSPs). SolarWinds is a [...]

BRP Inc. (TSX: DOO, pending), a portfolio company of Bain Capital and Caisse de dépôt et placement du Québec, has priced its proposed initial public offering (IPO) of Subordinate Voting Shares. BRP will issue 12,200,000 Subordinate Voting Shares at a price of $21.50 per Subordinate Voting Share for gross proceeds of $262.3 million. The offering [...]

Signal Hill Equity Partners has added Mayank Chadha and Sundri Sengupta as Director of Operations and Director of Human Resources-Talent respectively. Chadha and Sengupta will join Signal Hill Equity Partners’s operations team that focuses exclusively on assisting the portfolio companies execute their operational improvement plans and growth strategies. Chadha will provide operational, manufacturing and business [...]

Avison Young has completed a private, structured finance transaction with an aggregate balance of $104.8 million. The transaction includes four Wal-Mart-tenanted, new-format stores in Ontario and was placed on behalf of Calloway Real Estate Investment Trust (Calloway REIT) in early May 2013. This transaction employs an alternate-debt vehicle that allows real estate owners access to [...]

Logan International Inc. (TSX: LII), a company majority owned by Cadent Energy Partners, LLC, said its board of directors has undertaken a process to identify, examine and consider strategic alternatives available to maximize value for shareholders. This process includes seeking proposals from potential buyers. Simmons & Company International has been retained as exclusive financial advisor [...]

Teine Energy Ltd., a portfolio company of CPP Investment Board (CPPIB), has entered into a Senior Secured Second Lien Term Loan providing for US $300 million of funds with a final maturity date of May 17, 2019. Pricing on the new term loan was set at L+625 with a 1.25% LIBOR floor, offered at 98.5. [...]

AmorChem and Univalor have made new funding commitment to the project led by Dr. Nabil Seidah, of Institut de recherches cliniques de Montréal (IRCM). This project, launched in March 2012, is focused on finding drugs which can interact with PCSK9, a well-known target which pharmaceutical companies are pursuing in the treatment of hypercholesterolemia. “The success [...]