Representative Work Representative Work

PRO Real Estate Investment Trust in its $57.6 million equity offering

On August 16, 2019, PRO Real Estate Investment Trust (PROREIT) completed a $57.6 million public offering of trust units on a bought deal basis. PROREIT intends to use the net proceeds from the offering to partially fund the acquisition of seven properties, to repay certain indebtedness and for...

Lead Office: Montreal Date Closed: August 16, 2019 Value: $57.6 million

Goldman Sachs Growth Equity in connection with Trulioo’s $70 million Series C financing

On September 17, 2019, Goldman Sachs Growth Equity led a $70 million Series C funding round for Trulioo with participation from Citi Ventures, Santander InnoVentures, and return investor American Express Ventures. Trulioo plans to use the funding to lead the company in its next growth phase, which...

Lead Office: Toronto Date Closed: -- Value: $70 million

Airgraft in its $33 million Series B financing

On August 14, 2019, Airgraft Inc. announced a $33 million Series B financing round led by Gotham Green Partners and HumanCo. Airgraft will use this financing to drive innovation and consumer awareness as well as to support the launch of their new Clean Vaporizer. Airgraft Inc. is a...

Lead Office: Montreal Date Closed: -- Value: $33 million

Properly Inc. in its $22 million Series A financing round

On August 13, 2019, Properly Inc. completed its $22 million Series A financing round, consisting of $12 million in equity and an initial $10 million debt facility. This investment will accelerate the startup’s expansion within Calgary and to other Canadian cities, as well as be used...

Lead Office: Toronto Date Closed: August 13, 2019 Value: $22 million

SomaDetect in its $2.6 million financing round

On August 12, 2019, SomaDetect Inc. completed its $2.6 million financing round that included investments from New Brunswick Innovation Foundation, the Western New York Impact Investment Fund, and New York Ventures. The startup will use the funds to expand as it works with dairy farmers and...

Lead Office: Toronto Date Closed: August 12, 2019 Value: $2.6 million

Cowen and Company and the underwriters in Sundial Growers’ US$143 million U.S. and Canadian IPO of common shares and NASDAQ listing

On August 6, 2019, Sundial Growers Inc. completed its initial public offering in the United States and Canada for gross proceeds of US$143 million. Sundial Growers Inc. intends to use the proceeds from the IPO to complete the construction, expansion, and transition of its cultivation and...

Lead Office: New York Date Closed: -- Value: US$143 million

Right-Health Inc. in its acquisition by Telus Corporation

On August 1, 2019, Right-Health Inc. was acquired by Telus Corporation. Right-Health Inc. owns and operates the Akira virtual care platform, including the Akira healthcare app as well as in-person healthcare clinics. The health-tech company will continue to operate under the Akira brand...

Lead Office: Toronto Date Closed: August 1, 2019 Value: -

Mann+Hummel’s Tri-Dim Canada Inc. in its acquisition of Hardy Filtration Inc.

In August 2019, Tri-Dim Canada Inc., an affiliate of multinational Mann-Hummel, based in Germany, completed the acquisition of Hardy Filtration Inc., a Canada-based air filtration company. This will expand the global footprint and manufacturing capabilities of Tri-Dim Filter...

Lead Office: Montreal Date Closed: August 1, 2019 Value: -

Caprion Biosciences in its sale to Arsenal

On July 31, 2019, Arsenal, an American private equity fund, announced its acquisition of Montreal-based company Caprion Biosciences. This acquisition, along with Arsenal’s simultaneous acquisition of HistoGeneX, creates a global leader in immune monitoring, protein characterization,...

Lead Office: Montreal Date Closed: July 31, 2019 Value: -

Interface Fluidics Limited in its $6 million Series A financing

On August 27, 2019, Interface Fluidics Limited announced its $6 million Series A financing round for its nanotechnology platform that optimizes oil production. Interface Fluidics Limited sees this investment as a strategic opportunity to accelerate the technology development, which will...

Lead Office: Calgary Date Closed: -- Value: $6 million