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Cross border financing in April 2008 saw a Toronto-based online video and media distributor receive financing from a U.S. Private Equity firm. Reported M&A activity consisted of one-way transactions, as was the case for a Toronto-based private technology company that was acquired by a public U.S. information technology company.
Cross Border Activity - April 2008
Cross border financing in April 2008 saw a Toronto-based online video and media distributor receive financing from a U.S. Private Equity firm. Reported M&A activity consisted of one-way transactions, as was the case for a Toronto-based private technology company that was acquired by a public U.S. information technology company.
Details of April’s cross border activity are listed below.
U.S. Activity in Canada
VFM Interactive Inc. (Toronto), the online video and rich media producer and distributor for the hotel and travel industry, [...] read more »
When compared to data from a year ago, April 2008’s totals of 7 reported deals valued at $26 million is significantly lower than April 2007’s reported 15 closed deals valued at $110 million. Of the 7 Canadian companies that reported receiving financing in April, Quebec led the way with 3 reported deals, and 2 Ontario-based companies reported financing.
Private Equity - April 2008
When compared to data from a year ago, April 2008’s totals of 7 reported deals valued at $26 million is significantly lower than April 2007’s reported 15 closed deals valued at $110 million. Of the 7 Canadian companies that reported receiving financing in April, Quebec led the way with 3 reported deals, and 2 Ontario-based companies reported financing.Out west, the British Columbia government launched a $90 million venture capital fund. The fund’s primary focus is to provide assistance for the province’s fledgling life science and technology [...] read more »
All of the 6 reported M&A transactions were cross border deals. Most notably, three technology companies, one based in Toronto and two in Ottawa, were each acquired by U.S. communication companies.
M&A News - April 2008
All of the 6 reported M&A transactions were cross border deals. Most notably, three technology companies, one based in Toronto and two in Ottawa, were each acquired by U.S. communication companies.
Details on April’s M&A transactions appear below.
Cross Border M&A
Harris Corporation (Florida) (NYSE: HRS), an international communications and information technology company, acquired the assets of Desktopbox (Toronto), a technology firm that offers a real-time Internet broadcasting platform that enables synchronization between a television or radio broadcast [...] read more »
Plenty of interesting news this month so let’s start off with the big item impacting the Canadian venture capital space.
April-May Bring Plenty of Activity
Plenty of interesting news this month so let's start off with the big item impacting the Canadian venture capital space. Kuddos to our friend Rick Segal at JLA for his role in the newly announced $150 million Blackberry Partners Fund. JLA Ventures and RBC Venture Partners will be working in collaboration to co-manage the fund targeted at companies in the mobile space. Looking to make investments in Canadian and global companies on any mobile platform, this fund represents an important step in the rebuilding [...] read more »Cross border M&A heated up in February 2008. Of the 7 cross border M&A transactions, February saw a British Columbia-based tech company acquire a telecom, and a multimedia company within one week.
M&A News - February 2008
Cross border M&A heated up in February 2008. Of the 7
cross border M&A transactions, February saw a British
Columbia-based tech company acquire a telecom, and a multimedia
company within one week.
Details on February's M&A transactions appear below.
Intélec Géomatique (Quebec), a provider of IT, telecommunications and geomatics solutions and consulting services was acquired by DMR, a division of Fujitsu Consulting (Quebec). Terms of the acquisition were not disclosed.
Champlain Financial Corp. (Quebec), a private equity investment firm, acquired a [...] read more »
When compared to data from a year ago, February 2008’s totals of 10 reported deals valued at $361 million is significantly higher than February 2007’s reported 10 closed deals valued at $92 million. However, this large difference can be attributed to Canbriam Energy Inc.’s completion of a $300 million equity financing, which accounted for over 80% of February ’08s financing total. Of the 10 Canadian companies that reported receiving financing in February, Ontario and Quebec-based companies led the way with 3 reported deals each, while British Columbia and Alberta-based companies each completed 2 deals.
When compared to data from a year ago, February 2008's totals of
10 reported deals valued at $361 million is significantly higher
than February 2007's reported 10 closed deals valued at $92
million. However, this large difference can be attributed to
Canbriam Energy Inc.'s completion of a $300 million equity
financing, which accounted for over 80% of February '08s financing
total. Of the 10 Canadian companies that reported receiving
financing in February, Ontario and Quebec-based companies led the
way with 3 reported deals each, while British Columbia and
Alberta-based companies each completed [...] read more »
Cross border financing continued to slow in February 2008. No completed deals were reported, however M&A activity saw a Toronto-based server virtualization company acquired for over $200 million in cash by a major U.S. software company.
Cross Border M&A
Novell (Massachusetts) agreed to acquire PlateSpin Ltd. (Toronto), a server virtualization company, for $205 million in cash. Novell management said "PlateSpin will be integrated into Novell's Systems and Resource Management business unit. As part of this business unit, PlateSpin will continue to develop and market its solutions to a global customer base."
TPG Capital (Texas) completed its $1.3 billion take-private buyout of Axcan Pharma Inc. (Quebec), a developer of drugs for gastrointestinal disorders.
Nike Inc. (NYSE: NIKE) agreed to sell its Bauer [...] read more »Showing 1 - 7 of 7
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