Private Equity Private Equity

Canadian Business Growth Fund in its minority equity investment in Connected Lab

On June 23, 2021, Canadian Business Growth Fund completed its minority equity investment in Connected Lab, a Toronto-based product development services firm. The investment will be used to fuel the company’s growth and expand its team. The Canadian Business Growth Fund (CBGF) provides...

Lead Office: Toronto Date Closed: June 23, 2021 Value: -

Ontario Teachers' Pension Plan Board in its investment in Duo Bank of Canada in connection with Duo Bank of Canada’s acquisition of Fairstone Financial Holdings Inc.

On January 4, 2021, Duo Bank of Canada, in partnership with Stephen Smith, Centerbridge Partners L.P. and Ontario Teachers' Pension Plan Board, completed its acquisition of Fairstone Financial Holdings Inc. The acquisition supports Duo Bank of Canada’s growth objectives as it...

Lead Office: Toronto Date Closed: January 4, 2021 Value: -

Echosec Systems in its acquisition by The Tusker Fund

On December 4, 2020, Echosec Systems was acquired by The Tusker Fund. Echosec Systems Ltd. is a Software-as-a-Service company which provides its data discovery and threat intelligence platform to users seeking information from a wide range of data sources including forums, social...

Lead Office: Vancouver Date Closed: December 4, 2020 Value: -

Koch Equity Development LLC in its preferred equity financing of the proposed Cerberus-led acquisition of Dorel Industries

On November 13, 2020, Dorel Industries Inc. announced that it had entered into a definitive arrangement agreement to go private, valued at $470 million. The cash consideration will be financed through a combination cash funded by Koch Equity Development LLC and the Buyer Group, led by Cerberus...

Lead Office: Toronto Date Closed: November 13, 2020 Value: $470 million

Messier, Savard & Associés Inc. in its acquisition of Le Mirage golf club

On November, 5, 2020, Messier, Savard & Associés Inc. announced it has acquired Le Mirage golf club from Les Productions Feeling Inc., a holding company owned and controlled by Quebec native and international icon Céline Dion. The acquisition grants the new owners access to a facility...

Lead Office: Montreal Date Closed: November 5, 2020 Value: -

Caisse de dépôt et placement du Québec in its majority investment in Barrette Outdoor Living

On November 3, 2020, Caisse de dépôt et placement du Québec and TorQuest Partners announced a majority investment in Barrette Outdoor Living Inc. This investment will help accelerate the company’s expansion and continue to contribute to Barrette Outdoor Living’s strategy of...

Lead Office: Montreal Date Closed: November 3, 2020 Value: -

Richardson Financial Group in the sale of Richardson GMP to GMP Capital Inc.

On October 20, 2020, GMP Capital (GMP) consolidated its ownership of Richardson GMP Limited (Richardson GMP). Pursuant to a definitive purchase agreement dated August 13, 2020, as amended, between GMP and Richardson Financial Group Limited, GMP acquired all of the shares of Richardson GMP that it...

Lead Office: Toronto Date Closed: October 20, 2020 Value: -

TPG in its submission of a stalking horse bid for Cirque du Soleil’s assets in partnership with Fosun, Caisse de dépôt et placement du Québec and Investissement Québec

On June 29, 2020, TPG, Fosun and Caisse de dépôt et placement du Québec (the Consortium) announced they have partnered with Investissement Québec and submitted a fully committed, fully financed “stalking horse bid” proposal to acquire substantially all of the assets of Cirque du Soleil...

Lead Office: Montreal Date Closed: July 16, 2020 Value: -

The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan

On July 1, 2020, Ontario’s Workplace Safety and Insurance Board (WSIB) and the Ontario Compensation Employees Union converted WSIB’s $3.5 billion defined benefit, single employer pension plan (SEPP) to a jointly sponsored pension plan (JSPP) that is now administered by an...

Lead Office: Toronto Date Closed: July 1, 2020 Value: $3.5 billion

Madison Dearborn Partners in its acquisition of the APM Group International

On June 30, 2020, Madison Dearborn Partners (MDP) closed its first major Australian buyout by buying a controlling stake in Advanced Personnel Management (APM) from Quadrant Private Equity, the majority owner of APM. The transaction provides that APM’s founder, chief executive and...

Lead Office: Montreal Date Closed: June 30, 2020 Value: -