A Curated List of the Technology Transactions Happening Across Canada: March 2014 Edition

Posted by Brent Holliday

March activity in M&A was again dominated by one transaction.

Ontario's Nordion, in the heath care technology space, sold to Sterigenics for $848m. The only other announced sizable transaction was Quebec's X2O Media selling to Barco for $21m. Of interest, Zite was sold again, as CNN passed it to Flipboard in a transaction whose price was not announced.

 

 

In funding, the month was the biggest of the year so far with Quebec's Knight Therapeutics in the biotech space taking in $255 million in two closings in a private placement. Of note, Calgary's Slyce raised a large round of $12m. It was a good month in Alberta as publicly traded Sylogist also raised a large round of $15m. BC had another large growth equity raise with Themis Solutions (better known as Clio) raised $20m from Bessemer Venture Partners and previous investors Version One and Acton Capital.

In general, it was a decent month for US investors coming into Canadian deals: Blumberg and Tenfore came into Trulioo as part of the $6.7m raise, the aforementioned Bessemer participation and Salesforce.com invested in Toronto's Aislelabs.

 

Company:
Garibaldi Capital Advisors
Website:
http://www.garibaldicapital.com
Location:
Vancouver, British Columbia, Canada

Garibaldi Capital Advisors is a mid-market M&A and capital raising advisory services firm focused solely on the Canadian technology market. We are redefining transaction advisory by engaging early to add value through the entire growth cycle of a technology company, not only at the transaction stage. We are local to the Canadian market, but very connected to US and global growth equity firms and strategic... more


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Brent Holliday

Brent Holliday

Brent is the co-founder and CEO of Canada’s first technology-focused boutique M&A advisory firm, Garibaldi Capital Advisors. Founded in 2013, Garibaldi helps private technology companies across Canada grow by planning and executing on their capital strategy needs and assisting them through M&A transactions. In its first 12 months, Garibaldi completed over $100 million in transactions,... more



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