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 (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, 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.
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.
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 […]
Chrysalix Energy Venture Capital is approaching a first close on Chrysalix Energy LP IV, which is targeting $150 mln to $250 mln.
A trio of British private equity firms have set their sights on Canadian live performance company Cirque du Soleil, according to a report from U.K. media outlet Sky News.
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.
Boston-based HarbourVest Partners is expected to complete an initial close on a new Canadian venture fund of funds before the end of January, said three people with knowledge of the matter.
Two principals with RBC Venture Partners have completed a management buyout of the firm’s investment portfolio and have launched a new Canadian venture firm, Information Venture Partners.
With $60 million in new capital and another acquisition, Hootsuite founder Ryan Holmes predicts company will double its revenue in next 12 months, cites “a lot of interest in an IPO.”
Canadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund (KEP IV), peHUB sister site peHUB Canada has exclusively learned.
Travel almost anywhere in North American PE circles and you’ll encounter people who know and speak highly of Rod Senft, founder and managing director of Tricor Pacific Capital. Now his son Derek is making a name for himself at Pender West Capital.
D-Wave Systems Inc has raised an additional $28.4 million in venture capital financing according to a new filing with the U.S. Securities and Exchange Commission, sister website peHUB Canada reports.
If history repeats, a combination of disclosed and non-disclosed VC financings should put Canadian market activity in Q2 within reach of the $454 million invested in Q2 2013.
Canadian private markets investor Northleaf Capital Partners has wrapped up a new fund earmarked for opportunities in the global private equity secondary market.
This week, Clairvest is expected to announce the first close of CEP V, raising at least 75% of the partnership’s $600 million hard-cap target.
Canadian private equity firm Waterton Global Resource Management has raised just over $1 billion for its second fund focused on the metals and mining industry, handily beating its $750 million target.