Equipment FinanceMergers & AcquisitionsVehicle Finance

Westcap invests in Rocky Mountain Equipment

SASKATOON, SK–Westcap Mgt. Ltd. has made an investment in Rocky Mountain Equipment. The transaction was completed in syndication between Westcap MBO II Investment LP and Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund, both funds are managed by Westcap. RME is Canada’s largest independent agriculture equipment …

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LendingMergers & AcquisitionsPayments

Flexiti to be acquired by CURO, forging a strategic partnership

Combination with CURO secures the capital required by Flexiti to target rapid growth in loan originations within the Canadian marketplace; Flexiti signs agreement to increase credit facilities from $380 million to $500 million TORONTO, ON–Flexiti Financial Inc., Canada’s leading provider of point-of-sale (POS) consumer financing solutions for retailers, announced today it …

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Capital MarketsMergers & Acquisitions

Montreal entrepreneurs team up to compete with major Canadian investment firms

MONTREAL, ON– Nymbus Capital has completed the acquisition of the assets of Perseus Capital, a private alternative investment management firm using a quantitative macroeconomic approach. This represents a second major strategic transaction for Nymbus in the fourth quarter of 2020, following the merger in November with Landry Investment Management. These …

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CryptocurrenciesIndustry NewsMergers & Acquisitions

Ultra Stellar Acquires StellarX

TALLINN, ESTONIA–Ultra Stellar LLC has acquired another Stellar project, the StellarX marketplace, from Coinsquare. StellarX is one of the most popular decentralized exchanges on the Stellar network. The totally free, peer-to-peer trading platform allows for the trading of all kinds of digital assets, including bitcoin and multiple fiat stable coins. …

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FinTechIndustry NewsMergers & Acquisitions

Mogo To Acquire Carta, Expand into Global B2B FinTech Market

VANCOUVER, BC–Mogo will be acquiring Carta Worldwide in an all-stock transaction that promises to accelerate Mogo’s transformation from a company that has been focused on consumer-empowering applications to a broader digital wallet and business-to-business (B2B) payments technology enterprise. The combination will create one of Canada’s largest vertically integrated FinTech companies …

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AR ManagementIndustry NewsMergers & Acquisitions

Versapay, Solupay Merge, Keep Versapay Name

TORONTO, ON–Versapay Corporation has completed a merger with payment services provider Solupay, which will further strengthen its AR automation and integrated B2B payments offerings. The combined company will operate under the Versapay name and under the leadership of Craig O’Neill, current CEO of Versapay. Financial terms of the private transaction …

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InsuranceMergers & Acquisitions

La Capitale, SSQ Insurance announce intention to combine operations

QUEBEC CITY, QC–La Capitale Insurance and Financial Services and SSQ Insurance are announcing today their decision to combine operations. The new entity will become an influential player and the biggest mutual insurance company in Canada. From day 1 it will have 4,700 employees and more than 3.5 million members and …

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Mergers & Acquisitions

Transaction Creates One of the World’s Largest Cinema Companies

Cineplex Signs Definitive Agreement to be Acquired by Cineworld Group TORONTO, ON–Cineplex Inc., one of Canada’s leading entertainment and media companies, today announced that it has entered into a definitive agreement with Cineworld Group, plc . With over 11,200 screensi around the globe, the proposed transaction will create one of …

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Industry TrendsMergers & Acquisitions

Canadian executives express bullish outlook in times of economic uncertainty

EY Global Capital Confidence Barometer shows decline in M&A appetite despite optimism; Canadian executives optimistic that domestic and global economies are improving TORONTO, ON—Canadian executives are taking a cautious approach to dealmaking in the year ahead despite overwhelming economic optimism, according to the 21st bi-annual EY Global Capital Confidence Barometer. All …

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Mergers & AcquisitionsPayments

Great Hill Partners Makes All Cash Offer to Acquire VersaPay Corporation

TORONTO, ON–VersaPay Corporation and Great Hill Partners, a leading growth-oriented private equity firm, say the VersaPay and an affiliate of Great Hill have entered into a definitive arrangement agreement whereby Great Hill will indirectly acquire all of the issued and outstanding common shares of the company. Under the terms of …

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