Investment Summary

Canadian Business Growth Fund and Westcap Invest In Librestream

On June 24, 2020, growth capital firm Canadian Business Growth Fund and private equity firm Westcap invested in information technology company Librestream

Investment Highlights
  • This is Canadian Business Growth Fund’s 4th and Westcap’s 2nd transaction in the Information Technology sector.
  • This is Canadian Business Growth Fund’s 14th and Westcap’s 17th transaction in Canada.
  • This is Canadian Business Growth Fund’s 1st and Westcap’s 2nd transaction in Manitoba.

Investment Summary
Date 2020-06-24
Target Librestream
Sector Information Technology
Investor(s) Canadian Business Growth Fund
Westcap
Deal Type Venture

Target

Librestream

Winnipeg, Manitoba, Canada
website
Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Librestream’s platform enables remote workers to connect and communicate with industry experts and colleagues to rapidly diagnose, inspect, and maintain assets from anywhere in the world. Librestream was founded in 2003 and is based in Winnipeg, Manitoba.

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Investor(S) 2

Investor

Canadian Business Growth Fund

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2018
PE ASSETS 545M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 14 of 29
Sector (Information Technology) 4 of 8
Type (Venture) 2 of 9
State (Manitoba) 1 of 2
Country (Canada) 14 of 29
Year (2020) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Proposify

Dartmouth, Nova Scotia, Canada

Proposify's software as a service (SaaS) solution streamlines the process of creating, sending, tracking, and e-signing proposals, contracts, agreements, and other sales documents. Proposify helps sales teams scale their proposal process, and quickly create impressive, interactive sales documents that beat the competition. Proposify is based in Dartmouth, Nova Scotia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Mobile Klinik

Ottawa, Ontario, Canada

Mobile Service Center Canada Ltd. is a chain of professional smartphone repair stores operating under the ‘Mobile Klinik’ brand specializing in immediate repair of mobile phones and tablets for consumers with a swift, high quality and standardized service level. Mobile Service Center Canada was founded in 2015 and is based in Ottawa, Ontario.

Sell -
Investor

Westcap

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.

DEAL STATS #
Overall 17 of 25
Sector (Information Technology) 2 of 3
Type (Venture) 1 of 1
State (Manitoba) 2 of 3
Country (Canada) 17 of 25
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Degelman

Regina, Saskatchewan, Canada

Degelman is specialised in design and manufacturing of equipment for the agricultural and industrial sectors. Degelman was founded in 1962 and is based in Regina, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Three Farmers

Saskatoon, Saskatchewan, Canada

Three Farmers is a local, established consumer packaged foods brand known for its healthy snack products that are locally sourced, including proprietary roasting technology completed in Saskatchewan, and sold online through Amazon’s platform, and in over 4,000 retailers across North America. Three Farmers was founded in 2009 and is based in Saskatoon, Saskatchewan.

Buy -
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