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A new Winnipeg, Manitoba-based company, FRANK Digital Inc., a full-service digital production facility equipped to collaborate with clients on commercial, corporate and branded content productions, has been formed through the merger of the commercial units of Frantic Films Corp. and Mid Canada Production Services Inc. The television and film production-focused Frantic Films is a portfolio company of Canadian private equity firm PRIVEQ Capital Funds. PRIVEQ provided the company with expansion capital in 2007.
The acquisition of Atlanta, Georgia-based Precision Aviation Group Inc. by U.S. private equity firm PNC Riverarch Capital in December included key subsidiaries located in Surrey, B.C., peHUB Canada has learned. Precision Accessories and Instruments Canada Inc. and Precision Heliparts Canada Inc. contribute to the company's specialization in products and value-added services to the global aerospace and defense industry. Precision Aviation Group was previously a portfolio company of Florida Capital Partners.
The Board of Directors of Sprott Power Corp., a publicly traded, Toronto, Ontario-based company focused on the development, ownership and operation of renewable energy projects, has initiated a strategic review aimed at enhancing shareholder value. Options under consideration include the possible sale of the company. Sprott has received financing  from Canadian private equity firm VentureLink LP.
Canada's Prime Minister Stephen Harper announced a new federal initiative to improve access to venture capital investments for high-growth innovative companies. Totaling C$400 million, the Venture Capital Action Plan will include a C$250 million privately managed fund of funds, which will make commitments to venture capital funds in partnership with corporate and institutional investors, and interested provincial governments. Another C$150 million will be ear-marked for recapitalizing existing funds of funds and making direct commitments to leading funds. The plan's combined capital is to be deployed over the next seven to 10 years.
Canadian e-retailers Dealfind.com Inc. and TeamBuy.ca Inc. have agreed to merge to create a single online deals destination. The Toronto-based companies, which offer daily deals on products and services in electronics, fashion, housewares, restaurants and travel, will operate separately in 2013 and then integrate websites under a new banner. Dealfind.com has been backed since 2011 by Georgian Partners, Insight Venture Partners and the Ontario Venture Capital Fund. TeamBuy.ca has also received venture capital financing from undisclosed sources.
Canadian private equity firm Pinetree Capital has made two new mining-related investments. Pinetree acquired common shares and warrants in the Vancouver-based Laurentian Goldfields Ltd., which focuses on the acquisition, exploration and development of high quality gold properties in Canada. Pinetree also bought common shares and warrants in U3O8 Corp. of Toronto, a uranium discovery company which targets properties in South America.
Whitby, Ontario-based company startup 360incentives.com, Inc., which helps businesses set up and manage sales incentives programs for re-seller partners, create rebate programs for consumers as well as loyalty rewards, and field methods of payments, has attracted first-time venture capital financing.  OMERS Ventures, the venture capital arm of Canadian public sector pension fund OMERS, led the C$7.65 million round.  It was joined in the deal by Klass Capital and Round 13 Capital, both of which have recently raised new funds.
Accelerated Rehabilitation Centers, Inc., a platform portfolio company of OMERS Private Equity, has completed its acquisition of Momentum Physical Therapy, Inc., a two-clinic rehabilitation practice located in Chicago, Illinois. Accelerated Rehabilitation, also of Chicago, is a physical therapist owned and operated provider of outpatient rehabilitation services. OMERS bought the company from US private equity firm Gryphon Investors in 2011.
Clean-tech venture capital firm Emerald Technology Ventures announced the second closing of its third fund with a target size of €100 million. At the time of the closing, new European limited partners Evonik Industries, MAHLE and Cofisa (Sibelco) joined existing investors in the Emerald fund, which include ABB, Clariant, Sulzer and a range of family offices. With primary offices in Zurich, Switzerland and Toronto, Canada, Emerald  invests in early- and expansion-stage companies in the energy, water and materials sectors.
Muse Entertainment Enterprises, Inc., a Montréal-based film and TV production company which produces dramatic series, movies, mini-series and family programs for major networks around the world, has secured an investment from Canadian private equity firm Fonds de solidarité des travailleurs du Québec (FTQ).  The amount of the investment was not disclosed.
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