Canadian Business Growth Fund Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Canadian Business Growth Fund has invested in 5 companies.

Canadian Business Growth Fund’s most common sectors for investment areinformation technology (28%) and internet software and services (21%) . The Firm’s most common investment types include growth capital (66%) and venture (32%).

In the last 3 years, Canadian Business Growth Fund has exited 1 company. The Firm’s most common exit type is trade sale (67%). Canadian Business Growth Fund’s largest (disclosed) exit occurred in 2020 when it sold PayBright for $258M.

Join Mergr to view Canadian Business Growth Fund’s full profile and discover more middle-market growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity32
    • M&A Buy Activity29
    • M&A Sell Activity3
  • Total Sectors Invested 14
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7

Canadian Business Growth Fund (CBGF)

730-145 King Street West,
Toronto, Ontario M5H 1J8
Canada
(833) 459-2243
www.cbgf.com
contact@cbgf.com


Investment Criteria

Sectors of Interest: Automotive, Business Services, Consumer Services, Digital Media, Distribution, E-Commerce, Environmental, Financial Services, Information Technology, Internet Software and Services, Software

Target Transaction Types: Growth Capital, Stake Purchase, Venture

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue 5 100
Target EBITDA - -
Investment Size 3 20
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (2.6/yr) # 16 8 4 1 - - 29
Sell (0.2/yr) # 2 - - 1 - - 3
vol $258M $258M
  32

Most Recent M&A

Company Date Value Type
Specialty Medical Partners 2023-02-22 - Growth Capital
Toronto, Ontario · www.specialtymedicalpartners.com
Environmental 360 Solutions Ltd. 2023-02-16 - Secondary Buyout
Aurora, Ontario · www.e360s.ca
Believeco Partners 2022-11-04 - Venture
Northwest Calgary, Alberta · www.believecopartners.com
ProcedureFlow 2022-07-26 - Venture
Saint John, New Brunswick · www.procedureflow.com
Felix Health, Inc. 2022-06-01 - Growth Capital
Toronto, Ontario · www.felixforyou.ca
Amilia Enterprises, Inc. 2022-05-25 - Venture
Montreal, Quebec · www.amilia.com
PureFacts Financial Solutions Inc. 2021-12-16 - Venture
Toronto, Ontario · www.purefacts.com
Kudos, Inc. 2021-12-06 - Growth Capital
Calgary, Alberta · www.kudos.com
Neovation Corp. 2021-11-30 - Growth Capital
Winnipeg, Manitoba · www.neovation.com
Homestyle Selections LP 2021-10-21 - Growth Capital
Edmonton, Alberta · www.homestyleselectionslp.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 7 (27%) - 8 (28%) -
Internet Software and Services 6 (23%) - 6 (21%) -
Software 3 (12%) - 3 (10%) -
Business Services 1 (4%) - 2 (7%) -
Automotive 1 (4%) - 1 (3%) -
Consumer Services 1 (4%) - 1 (3%) -
Digital Media 1 (4%) - 1 (3%) -
E-Commerce 1 (4%) - 1 (3%) -
Environmental - - 1 (3%) -
Financial Services 1 (4%) - 1 (3%) -
Food 1 (4%) - 1 (3%) -
Healthcare Services 1 (4%) - 1 (3%) -
Marketing 1 (4%) - 1 (3%) -
Technology Hardware 1 (4%) - 1 (3%) -
Total 26 - 29 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 26 (100%) - 29 (100%) -
  Ontario 10 (38%) - 13 (45%) -
  Alberta 4 (15%) - 4 (14%) -
  Quebec 3 (12%) - 3 (10%) -
  British Columbia 3 (12%) - 3 (10%) -
  Nova Scotia 2 (8%) - 2 (7%) -
  Manitoba 2 (8%) - 2 (7%) -
  Saskatchewan 1 (4%) - 1 (3%) -
  New Brunswick 1 (4%) - 1 (3%) -
Total 26 - 29 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 16 (62%) - 19 (66%) -
Venture 9 (35%) - 9 (31%) -
Acquisition Financing 1 (4%) - 1 (3%) -
Total 26 - 29 -

Exits by Deal Type

Type Total # Value
Trade Sale 1 (33%) 258M (100%)
Secondary Sale 1 (33%) -
Trade Sale - Public Company 1 (33%) -
Total 3 $258M

Deal Values

sell # Total
$100M to $1B 1 $258M
TOTAL $258M
Largest PayBright
$258M (2020-12-03)

M&A Connections

Deals
Exited to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Middle-Market

PE Assets

545M USD

Established

2018

Specialist/Generalist

Generalist

Leadership

George Rossolatos

CEO

Karoline Elkind

CFO & Partner

Dale Tingley

Partner

Hai Tran-Viet

Partner

Kyle Zacks

Director

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