Tandem Expansion Fund Mergers and Acquisitions Summary

Growth Capital Firm Profile

Tandem Expansion Fund’s most common sectors for investment aresoftware (37%) and electrical equipment (19%) . The Firm’s most common investment types include venture (55%) and buyout (lbo, mbo, mbi) (28%). Its largest (disclosed) acquisition occurred in 2011 when it acquired Acquisio for $12M.

The Firm’s most common exit type is trade sale (50%).

Join Mergr to view Tandem Expansion Fund’s full profile and discover more small growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity11
    • M&A Sell Activity6
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9

Tandem Expansion Fund

225 King Street West, Suite 905,
Toronto, Ontario M5V 3M2
Canada
www.tandemexpansion.com
info@tandemexpansion.com

Tandem Expansion is a private growth capital fund seeking to invest in small to mid-sized tech businesses in Canada. Specific areas of interest include IT (hardware, software, service), clean tech, energy/resource, technology, advanced materials, and life science. The Firm looks to invest $10 to $30 million in fast growing businesses with $5 to $50 million in revenues. Investment proceeds are typically used to fund organic growth or provide acquisition capital. Tandem was formed in 2009 and is based in Montreal, Québec.


Investment Criteria

Sectors of Interest: Electronics, Environmental, Information Technology, Internet Software and Services, Life Science, Oil/Gas Exploration, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue 5 50
Target EBITDA - -
Investment Size 10 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 11 - - - - - 11
vol $12M $12M
Sell (0.2/yr) # 5 1 - - - - 6
  17

Most Recent M&A

Company Date Value Type
Anaergia, Inc. 2021-06-23 - IPO
Burlington, Ontario · www.anaergia.com
Lithion Power Group 2018-04-18 - Secondary Buyout
Calgary, Alberta · www.lithiongroup.com
NGRAIN (Canada) Corp. 2018-01-04 - Add-on Acquisition
Vancouver, British Columbia · www.ngrain.com
Acquisio, Inc. 2017-11-01 - Add-on Acquisition
Brossard, Quebec · www.acquisio.com
Delta-Q Technologies Corp. 2016-12-07 - Add-on Acquisition
Burnaby, British Columbia · www.delta-q.com
Solace Systems, Inc. 2016-04-06 - Secondary Buyout
Ottawa, Ontario · www.solace.com
Averna Technologies, Inc. 2015-04-02 - Buyout (LBO, MBO, MBI)
Montreal, Quebec · www.averna.com
Anaergia, Inc. 2013-10-07 - Growth Capital
Burlington, Ontario · www.anaergia.com
Lithion Power Group 2013-01-24 - Growth Capital
Calgary, Alberta · www.lithiongroup.com
Coveo Solutions, Inc. 2012-12-10 - Venture
Quebec City, Quebec · www.coveo.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Averna Technologies, Inc. 2015-04-02 Nexjen Systems LLC 2016-06-30 3
Montreal, Quebec · www.averna.com Charlotte, North Carolina · www.nexjen.com

M&A by Sector

Sector Current # Value All-time # Value
Software 2 (67%) - 4 (36%) -
Electrical Equipment - - 2 (18%) -
Internet Software and Services - - 1 (9%) 12M (100%)
Electronics 1 (33%) - 1 (9%) -
Environmental - - 1 (9%) -
Information Technology - - 1 (9%) -
Technology Hardware - - 1 (9%) -
Total 3 - 11 $12M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 3 (100%) - 11 (100%) 12M (100%)
  Ontario 1 (33%) - 5 (45%) -
  Quebec 2 (67%) - 3 (27%) 12M (100%)
  British Columbia - - 2 (18%) -
  Alberta - - 1 (9%) -
Total 3 - 11 $12M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 2 (67%) - 6 (55%) 12M (100%)
Buyout (LBO, MBO, MBI) 1 (33%) - 3 (27%) -
Growth Capital - - 2 (18%) -
Total 3 - 11 $12M

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (33%) -
Trade Sale - Public Company 2 (33%) -
IPO 1 (17%) -
Trade Sale 1 (17%) -
Total 6 -

Deal Values

buy # Total
< $100M 1 $12M
TOTAL $12M
Largest Acquisio, Inc.
$12M (2011-08-16)

M&A Connections

Deals
Exited to
Investor(s)
33%
2 (33%)
Strategic(s)
50%
3 (50%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2009

Specialist/Generalist

Specialist

 Subscribe to unlock this and 193,848
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 184K M&A Transactions
  • 189K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 72K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal