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RBC Joins in $45M Bessemer-Led Financing of Adaptive Planning

Posted on: May 21, 2013 by Kirk FalconerNo Comments »

Mountain View, California-based Adaptive Planning Inc., a maker of cloud-based business analytics software, has secured US$45 million in funding in a deal led by U.S. venture capital firm Bessemer Venture Partners. Bessemer was joined by the company’s existing investors, which include Canadian firm RBC Venture Partners, a backer of Adaptive Planning since 2008.

Venture-Backed Ambit Biosciences Prices IPO

Posted on: May 21, 2013 by Kirk FalconerNo Comments »

San Diego-based Ambit Biosciences Corp., which discovers, develops and commercializes drugs to treat needs in oncology, autoimmune and inflammatory diseases, has priced its initial public offering at US$8.00 per share. Listing on NASDAQ under the symbol “AMBI,” the company plans to raise US$65 million. Ambit has since 2000 been backed by U.S. and Canadian venture capital firms, including Apposite Capital, Avalon Ventures, Forward Ventures, Genechem, GIMV, GrowthWorks, Horizon, MedImmune, NovaQuest, OrbiMed Advisors, Perseus-Soros, Radius Ventures and Roche Venture Fund.

Zoove Gets $15M From Rogers Ventures, Panorama, Other VCs

Posted on: May 16, 2013 by Kirk FalconerNo Comments »

Rogers Ventures, the venture capital arm of Rogers Communications Inc., joined Panorama Capital in a US$15 million Series E financing of New York-based Zoove Corp., which operates StarStar and StarStarMe, a mobile phone number service. The company also received investment from Worldview Technology Partners and Highland Capital Partners. The new funds will support Zoove’s continued growth, with emphasis on product expansion, business development and marketing.

Vanedge Provides $3M Series A Funding to OpenGeo

Posted on: May 16, 2013 by Kirk FalconerNo Comments »

Canadian venture capital firm Vanedge Capital has made a US$3 million Series A investment in OpenGeo Inc., a New York-based provider of commercial open source geospatial software. At the same time, the company spun out from its incubator parent OpenPlans, and is now focused on growing its product and consumer-support initiatives. Vancouver-based Vanedge invests in interactive entertainment and digital media businesses.

Ontario Teachers’ Taps Mock To Replace Leech As CEO

Posted on: May 15, 2013 by Gregory RothNo Comments »

The Ontario Teachers’ Pension Plan, one of Canada’s largest and most innovative, named Ron Mock to succeed Jim Leech as its president and CEO, according to a spokeswoman, Deborah Allan. Since 2008, according to Buyouts, peHUB’s sister magazine, Mock has been the pension’s senior vice president in charge of fixed income and alternative investments…

Northleaf, Palisade Take 75% Interest in Australian Wind Farm

Posted on: May 14, 2013 by Kirk FalconerNo Comments »

Electricity and gas provider EnergyAustralia has agreed to sell a 75% equity interest in a 111MW Waterloo operational wind farm, near Clare, South Australia. The joint buyers, which will pay AUD$228 million (US$228 million) for the assets, are Canadian and Australian infrastructure investors Northleaf Capital Partners and Palisade Investment Partners. EnergyAustralia will keep a 25% interest in the wind farm and will be contracted to provide asset management services.

Ron Mock to Replace Jim Leech as Head of Ontario Teachers

Posted on: May 14, 2013 by Kirk FalconerNo Comments »

Ontario Teachers’ Pension Plan‘s Ron Mock, who is currently senior vice-president, fixed income and alternative investments, will succeed Jim Leech as president and CEO at the beginning of 2014. Mr. Leech, who joined Teachers in 2001 to lead the pension plan’s private equity investment arm Teachers’ Private Capital, will retire on December 31, 2013. Mr. Mock joined Teachers in 2001. His responsibilities have included being a board member of Cadillac Fairview, which manages Teachers’ $21 billion real estate portfolio.

MethylGene to Reincorporate in US, List on NASDAQ

Posted on: May 9, 2013 by Kirk FalconerNo Comments »

Montréal-based MethylGene Inc., a publicly-traded, venture-backed biopharmaceuticals company, has proposed reincorporating in the state of Delaware under a new parent organization called Mirati Therapeutics Inc. As part of the arrangement, Mirati will apply to list shares on NASDAQ. The plan, to be approved by shareholders in June, seeks to increase Methylgene’s financing options and profile in the United States, among other factors. The company’s investors include several Canadian and U.S. venture capital firms, including Baker Brothers, BDC Venture Capital, Fonds de solidarité des travailleurs du Québec (FTQ), GeneChem, OriMed Advisors, ProQuest Investments, Tang Capital and Tavistock Life Sciences.

PE-Backed Cobalt Commences Secondary Offering

Posted on: May 8, 2013 by Kirk FalconerNo Comments »

Texan oil exploration and production company Cobalt International Energy Inc. has commenced a public offering of 50,000,000 shares of common stock, all of which will be offered by selling stockholders affiliated with U.S. and Canadian private equity firms First Reserve Corp., Goldman, Sachs & Co., Riverstone Holdings, The Carlyle Group, and KERN Partners. Cobalt was acquired by these firms at the time of its establishment in 2005, and went public in 2009.

TrilogyGrowth Leads $11M Round for Office Products E-Tailer Poppin

Posted on: May 7, 2013 by Kirk FalconerNo Comments »

New York-based Poppin Inc., an online retailer offering innovative office products, has raised US$11.1 million in a Series B financing round led by Canadian early stage venture capital firm TrilogyGrowth. Existing investors, including Shasta Ventures, First Round Capital and company founder J. Christopher Burch, also participated in the deal. TrilogyGrowth Managing Partner Joel Silver, who formerly served as president of Indigo Books & Music, will join Poppin’s board of directors.