Allianz leads $100 mln round for fintech Wealthsimple: Reuters

German insurer and asset manager Allianz Group has led a $100 million (US$74.5 million) capital raise for Canadian financial technology company Wealthsimple, Reuters reported. Wealthsimple, the online investing service and commission-free trading app which manages around $4.5 billion for more than 150,000 clients in Canada, Britain and the United States, said it would use the cash to boost growth across all three markets. Allianz invested in the Toronto-based company through its digital arm, Allianz X, alongside long-standing Wealthsimple backer Power Financial, although the precise level of investment was not disclosed.


Novacap and CDPQ-backed Nuvei to buy SafeCharge for $889 mln: Reuters

Canadian payments technology company Nuvei Corp said it would buy Britain’s SafeCharge International Group Ltd in an all-cash deal valued at US$889 million ($1.2 billion) to expand in the fast-growing electronic payments industry, Reuters reported. The deal comes as the industry is going through an aggressive consolidation and follows a US$35 billion deal by Fidelity National Information Services Inc (FIS) to buy Worldpay Inc earlier this year. Formerly Pivotal Payments, Montréal-based company Nuvei is backed by Canadian private equity firm Novacap and Caisse de dépôt et placement du Québec (CDPQ). Novacap and CDPQ invested in 2017 in a deal that valued the business at about $525 million.

U.S.-Israeli cybersecurity firm Siemplify raises $30 mln: Reuters

U.S.-Israeli cybersecurity provider Siemplify has raised US$30 million in private funding, bringing its total raised to date to US$58 million, Reuters reported. The funding round was led by Toronto-based Georgian Partners, who was joined by the company’s existing investors G20 Ventures, 83North and Jump Capital. The funds will be used to drive the expansion of Siemplify’s market strategy and enhance its product, which enables the management of various cybersecurity tools through one platform. Siemplify, which is headquartered in New York with offices in Tel Aviv, said it had 250 percent growth in annual recurring revenue in Q1 2019.

Brookfield among bidders for Anbang’s luxury hotels portfolio: Reuters

Private equity firms such as Blackstone Group, Brookfield Asset Management, Mirae Asset Management and SoftBank-owned Fortress Investment Group have put in bids of up to US$5.8 billion for Anbang Insurance’s portfolio of U.S. luxury hotels business, Reuters reported, citing a Financial Times story. Seventeen potential buyers have submitted their bids to Chinese authorities unwinding Anbang, which was placed under regulatory control last year. The insurer’s holdings include office buildings Bentall Center in Vancouver and 70 York Street in Toronto.

CPPIB buys partial Keytruda royalty interest from LifeArc: Reuters

Canada Pension Plan Investment Board (CPPIB) said it had paid about US$1.3 billion for a part of British charity LifeArc’s royalty interest from the sale of Merck & Co Inc’s blockbuster cancer immunotherapy, Keytruda, Reuters reported. Canada’s largest pension fund said the deal was an ideal investment for its global intellectual property program as Keytruda, an immunotherapy treatment for different cancer types, has shown strong sales growth worldwide. Keytruda is approved for use in 85 countries and the drug is expected to bring more than US$10 billion for Merck this year.