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Bonnefield Financial Inc.’s Agribusiness Fund announces second close of business

On January 15, 2025, Bonnefield Financial Inc. announced the second close of its agribusiness fund including an anchor investment from Farm Credit Canada (FCC). The Bonnefield Agribusiness Fund I (BAF) has raised over $75 million to date and is focused on investing non-controlling capital to...

Lead Office: Vancouver Date Announced: January 15, 2025 Value: --

First Nations Finance Authority (FNFA) in its offering of $650 million Senior Secured Bonds

On January 14, 2025, the First Nations Finance Authority (FNFA) completed its offering of $650 million in aggregate principal amount of 4.05% Senior Secured Bonds, Series 2025-1, due June 1, 2035. The offering was made through an underwriting syndicate comprised of Scotia Capital Inc., Casgrain...

Lead Office: Vancouver Date Announced: January 14, 2025 Value: $650 million

Boardy AI raises $8-million seed round

On January 14, 2025, Boardy AI announced it raised $8 million in a Seed financing round. This round was led by Creandum. The company also recently closed a pre-seed financing round. Boardy AI is an innovative artificial intelligence start-up. Osler, Hoskin & Harcourt LLP advised Boardy...

Lead Office: Toronto Date Announced: January 14, 2025 Value: $8 million

Pattern Energy in its sale of significant interests in two Ontario-based wind projects

On January 8, 2025, Pattern Energy announced the completion of its sale of significant interests in two Ontario-based wind projects, Armow Wind and Grand Renewable Wind, to CC&L Infrastructure. Pattern Energy will maintain a minority equity stake in the projects and will continue to manage and...

Lead Office: Toronto Date Announced: January 8, 2025 Value: --

Aspect Biosystems in its $115-million Series B funding round

On January 8, 2025, Aspect Biosystems announced the closing of its $115-million Series B funding round led by Dimension, with participation from existing and new investors including Novo Nordisk, Radical Ventures, an undisclosed leading global investment firm, InBC, Pallasite Ventures, Pangaea...

Lead Office: Vancouver Date Announced: January 8, 2025 Value: $115 million

Volkswagen in its $69-million investment in Patriot Battery Metals

On January 7, 2025, Volkswagen completed its approximately $69-million investment in Patriot Battery Metals to acquire a 9.9% equity stake in Patriot.      The Volkswagen Group, is one of the world's leading manufacturers of automobiles and commercial vehicles. Osler, Hoskin &...

Lead Office: Vancouver Date Closed: January 7, 2025 Value: $69 million

Apollo Global Management, Inc. and BC Partners in connection with their agreement to buy GFL Environmental Inc.’s environmental services business valued at $8 billion

On January 7, 2025, GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL) announced it has entered into a definitive agreement (the Transaction Agreement) with funds managed by affiliates of Apollo (Apollo Funds) and BC Partners (BC Funds) for the sale of its environmental services business, which...

Lead Office: Montreal Date Announced: January 7, 2025 Value: $8 billion

BrainBox AI in its business combination with Trane Technologies

On January 3, 2025, Trane Technologies announced its acquisition of BrainBox AI. Through this acquisition, Trane Technologies aspires to reduce its carbon footprint of commercial buildings with the use of Brainbox AI’s tools. BrainBox AI is a Montréal-based technology firm specializing in...

Lead Office: Montreal Date Announced: January 3, 2025 Value: --

Portage Capital in connection with Valsoft Corporation raising of US$150 million

On January 3, 2025, Valsoft Corporation announced its raising of $US150 million in a growth equity round that was led by Portage Capital. The round also saw participation from Propelr Growth and Viking Global. Valsoft plans to utilize the funding toward expanding its portfolio and launching new...

Lead Office: Montreal Date Announced: January 3, 2025 Value: US$150 million

Stokes Inc. in its restructuring proceeding and successful sale under the Companies’ Creditors Arrangement Act

In November 2024, Stokes obtained creditor protection and initiated proceedings under the Companies’ Creditors Arrangement Act. Given the company’s financial difficulties, Stokes set out to restructure its operations by notably closing 45 out of 95 stores throughout the country.Nonetheless,...

Lead Office: Montreal Date Closed: December 23, 2024 Value: --