PE-backed CPI Card Group sets IPO pricing terms

Littleton, Colorado-based CPI Card Group, a provider of financial, commercial and ID cards, has priced its IPO of over 17.6 million shares at between $16 and $18 per share. BMO Capital Markets, Goldman Sachs and CIBC are serving as the lead underwriters. CPI Card Group is backed by Tricor Pacific Capital.

Crosswinds appoints McCormick as interim CFO

Crosswinds Holdings Inc has named Susan McCormick as interim chief financial officer. The appointment becomes effective June 1. McCormick’s work background includes stints at CIBC, Credit Suisse and Yahoo! Canada.


Dynamics closes $70 mln Series C funding round

Pittsburgh-based Dynamics Inc., which provides interactive payment cards and systems, has closed a $70 million Series C funding round. New investors MasterCard and CIBC were joined by existing backers Bain Capital Ventures and Adams Capital Management. The funding from MasterCard is part of a larger expanded business partnership between the two companies to provide consumers with choice, flexibility and security when using payment cards.

CIBC Invests in StoneCastle Partners

Canadian Imperial Bank of Commerce has made a minority investment in StoneCastle Partners. Financial terms weren’t disclosed. Charlesbank Capital Partners also holds a minority stake in StoneCastle. New York-based StoneCastle is an asset management and financial services company that invests in banks. PRESS RELEASE Canadian Imperial Bank of Commerce (“CIBC”, TSE: CM | NYSE: CM) has […]

CIBC to Acquire Advisory Firm Griffis & Small

CIBC, one of Canada’s largest banks, announced today that it has reached an agreement to acquire Griffis & Small, a Houston-based energy advisory firm specializing in acquisitions and divestitures (A&D) in the exploration and production (E&P) sector. Terms were not disclosed PRESS RELEASE: CIBC announced today that it has reached an agreement to acquire Griffis […]

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