Exact Imaging (formerly Imagistx) introduces the world’s first ultra high-resolution ultrasound system for urological applications. © 2017 Exact Imaging
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Lumira, Vesalius co-lead Exact Imaging’s $21.5 mln Series C round

Toronto medical device startup Exact Imaging has secured $21.5 million in a Series C financing. The round was co-led by Canadian venture capital firm Lumira Capital and Luxembourg’s Vesalius Biocapital with participation from new investors, including PMV, and existing investors, including iGan Partners. With the financing, Lumira’s Peter van der Velden, PMV’s Dr. Alexandra Tolia and Vesalius’ Dr. Gaston Matthyssens will join the board. Founded in 2013 by Sam Ifergan and Randy AuCoin, Exact develops micro-ultrasound technology that enables real-time imaging and biopsy guidance for the prostate. It plans to use the funds raised to commercialize its new ExactVu system.

Appili Therapeutics Inc to Advance the Research and Development of Its Anti-infective Drug Candidates; Copyright: Atlantic Canada Opportunities Agency
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Drug developer Appili Therapeutics nets $2.15 mln in follow-on VC

Halifax drug development startup Appili Therapeutics Inc has raised $2.15 million in a follow-on round. New and existing investors backed the deal, including Canadian venture capital firm Innovacorp and others that joined the company’s $3.27 million seed financing in May. Founded last year with the support of Bloom Burton & Co, Appili is a developer of novel therapeutics for infectious diseases. It will use the latest funds raised to advance the company’s lead product candidate, an antibiotic designed to treat anaerobic infections, into clinical trials. Appili also plans to add to its anti-infective pipeline.

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Brentwood Associates invests $50 mln in SAXX Underwear

U.S. consumer private equity firm Brentwood Associates has invested nearly $50 million in SAXX Underwear, a Vancouver designer of men’s underwear brands. Founded in 2006 by Trent Kitsch, SAXX was acquired in 2010 by private investors, who remain the majority shareholders. The company reports showing revenue growth of more than 75 percent annually since 2012. Brentwood said it plans to build on this growth by helping broaden SAXX’s product portfolio, enhance its digital presence, and expand its international distribution. SAXX is led by CEO Tim Bartels and chaired by Terry Holland, head of Canadian private equity firm Krystal Financial Corp.

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ParkerGale-backed ATP acquires CaseBank Technologies

Aircraft Technical Publishers (ATP) has acquired CaseBank Technologies Inc, a Toronto-based provider of diagnostic, troubleshooting and fault detection solutions for the aviation, aerospace and defense industries. The deal’s financial terms were not disclosed. ATP, which is headquartered in San Francisco, said the acquisition will enhance its information management and service offerings to customers in the aviation industry. ATP was acquired by U.S. private equity firm ParkerGale Capital in November 2015.

All Gold is an importer and distributor of specialty food ingredients serving the industrial food manufacturers and snack re-packers in North America. Copyright @ 2015. All Gold Imports Inc. All Rights Reserved.
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Regimen Equity Partners invests in growth of All Gold Imports

Canadian private equity firm Regimen Equity Partners has invested in All Gold Imports Inc, a Markham, Ontario importer and distributor of more than 100 specialty food ingredients, including a variety of nuts, seeds and fruits. The terms of the platform deal, the fourth of Regimen’s inaugural fund, were not disclosed. Founded in 1990, All Gold supplies industrial food manufacturers and snack re-packers across North America and Australia. Louis Pillemer, the company’s CEO, said the partnership with Regimen will help it grow internationally. In July, Regimen invested in Montréal’s Plastifab Industries.

Breather creates peaceful, practical and beautifully designed meeting rooms and private workspaces. Copyright: Breather
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Space provider Breather nets $53 mln in Menlo-led Series C round

Breather, a Canadian provider of on-demand meeting rooms and workspaces, has raised about $53 million (US$40 million) in a Series C financing, bringing its total funding so far to nearly $100 million (US$73 million). The round was led by U.S. venture capital firm Menlo Ventures and joined by existing backers Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures. Founded by CEO Julien Smith and CCO Caterina Rizzi in 2012, Breather operates a network of more than 300 spaces across 10 global markets, including New York, San Francisco and London. The Montréal company reports tripling its footprint this year and plans to continue its expansion into new markets in 2017.

Edge Systems' premier system is the HydraFacial MD® serum-based hydradermabrasion system, ranked one level above IPL for skin rejuvenation.  HydraFacial, HydraFacial MD, HydroPeel, UV Smart, Britenol, and Vortex Fusion are registered trademarks of Edge Systems LLC. Vortex Exlfoliation, Vortex Peel, Vortex Extraction, Vortex Boost, Daily Essentials, Edge For Life, Skin Health for Life, Ativ-4, Beta-HD, GlySal, Antiox+, amd Dermabuilder are trademarks of Edge Stystems LLC.
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DWHP, Linden acquire aesthetic products maker Edge Systems

Healthcare private equity firms DW Healthcare Partners (DWHP) and Linden Capital Partners have jointly acquired Edge Systems LLC, a U.S. maker of non-invasive equipment and consumables used in aesthetic skin health treatments. No financial terms were released. Founded in 1997, Signal Hill, California’s Edge has an installed base of over 7,000 systems placed with dermatologists, plastic surgeons, and medical spas across 75 countries. With the deal, Clint Carnell and Steve Fanning will be named CEO and chairman of Edge, respectively. DWHP has offices in Toronto and Park City, Utah.

OMERS Private Equity
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OMERS Private Equity to sell V.Group to Advent International

OMERS Private Equity (OPE) has agreed to sell V.Group, a provider of maritime services to the commercial shipping, cruise, energy and defence industries, to U.S. private equity firm Advent International. No financial terms were disclosed for the deal, which will see OPE re-invest in a minority stake in the company. OPE acquired London, U.K.-based V.Group for US$520 million in 2011. During its period of majority ownership, OPE said it supported the company’s organic growth and growth via acquisitions, including Bibby Ship Management and Selandia Ship Management. Mark Redman, global head of OPE, said the sale is OPE’s first realization in Europe and fourth exit this year.

Novacap Kirk 160511
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Novacap Industries IV closes above target at $470 mln

Novacap, one of Canada’s oldest private equity firms, has surpassed the target set for the final close of Novacap Industries IV, raising the largest partnership in its history. Montréal-based Novacap announced on Wednesday that Fund IV secured $470 million in committed capital. That’s 11 percent more than the fund’s goal of $425 million.

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. The Canadian dollar strengthened against the U.S. dollar on Friday after Canadian CPI data showed an increase in core inflation.   REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)
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HarbourVest Canada Growth Fund nets $375 mln in final close

Boston-based asset manager HarbourVest Partners has closed its venture fund of funds HarbourVest Canada Growth Fund at $375 million. HarbourVest Canada, the fourth and final fund closed in partnership with Ottawa’s Venture Capital Action Plan (VCAP), received two-thirds of its committed capital from institutional, corporate, high-net-worth investors and other limited partners based in Canada, the United States and Europe. Led by HarbourVest Principal Senia Rapisarda, the fund has since its initial close last year committed money to a range of Canadian and international venture capital funds. It has also invested directly in Canadian companies, including Intelex Technologies Inc. HarbourVest Canada’s close brings total fundraising by VCAP-backed funds to $1.36 billion.

Wellington Financial launches fifth fund with $300 mln target

Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary […]

bourbonnais
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Canadian pension PSP gets major LP for CEO

Public Sector Pension Investment Board (PSP Investments) has named André Bourbonnais, the private equity chief at Canada Pension Plan Investment Board, as its new president and CEO, effective March 30, 2015.