Canadian Business Growth Fund Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Canadian Business Growth Fund has invested in 12 companies.

Canadian Business Growth Fund’s most common sectors for investment are internet software and services (34%) and information technology (17%). The Firm’s most common investment types include growth capital (92%) and acquisition financing (9%).

In the last 3 years, Canadian Business Growth Fund has exited 1 company. The Firm’s most common exit type is trade sale (100%). Canadian Business Growth Fund’s largest (disclosed) exit occurred in 2020 when it sold PayBright for $258M.

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M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

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, Environmental, Financial Services, Information Technology, Internet Software and Services, Software

Target Transaction Types: Growth Capital, Stake Purchase

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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.4/yr) # - - 3 5 4 - 12
Sell (0.2/yr) # - - - - 1 - 1
vol $258M $258M
  13

Most Recent M&A

Company Date Value Type
PayBright 2020-12-03 258M CAD Add-on Acquisition
Toronto, Ontario · www.paybright.com
Pitch Perfect Software, Inc. 2020-06-09 - Growth Capital
Halifax, Nova Scotia · www.proposify.com
MaxSold, Inc. 2020-06-02 - Growth Capital
Kingston, Ontario · www.maxsold.com
Xello 2020-05-07 - Growth Capital
Toronto, Ontario · www.xello.world
Environmental 360 Solutions, Inc. 2020-03-11 - Growth Capital
Pickering, Ontario · www.e360s.ca
Unyte Health, Inc. 2019-11-04 - Acquisition Financing
Toronto, Ontario · www.unyte.com
Appnovation 2019-08-13 - Growth Capital
Vancouver, British Columbia · www.appnovation.com
Vendasta 2019-07-17 - Growth Capital
Saskatoon, Saskatchewan · www.vendasta.com
Prodigy Education 2019-05-01 - Growth Capital
Burlington, Ontario · www.prodigygame.com
SendtoNews 2019-05-01 - Growth Capital
Victoria, British Columbia · www.sendtonews.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Unyte Health, Inc. 2019-11-04 Integrated Listening Systems 2019-11-04 1
Toronto, Ontario · www.unyte.com Aurora, Colorado · www.integratedlistening.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 4 (36%) - 4 (33%) -
Information Technology 1 (9%) - 2 (17%) -
Automotive 1 (9%) - 1 (8%) -
Business Services 1 (9%) - 1 (8%) -
Consumer Services 1 (9%) - 1 (8%) -
Digital Media 1 (9%) - 1 (8%) -
Environmental 1 (9%) - 1 (8%) -
Software 1 (9%) - 1 (8%) -
Total 11 - 12 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 11 (100%) - 12 (100%) -
  Ontario 6 (55%) - 7 (58%) -
  British Columbia 3 (27%) - 3 (25%) -
  Saskatchewan 1 (9%) - 1 (8%) -
  Nova Scotia 1 (9%) - 1 (8%) -
Total 11 - 12 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 10 (91%) - 11 (92%) -
Acquisition Financing 1 (9%) - 1 (8%) -
Total 11 - 12 -

Exits by Deal Type

Type Total # Value
Trade Sale 1 (100%) 258M (100%)
Total 1 $258M

Deal Values

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

M&A Connections

Deals
Exited to
Strategic(s)
100%
1 (100%)

Investor Summary

Size

Middle-Market

PE Assets

545M USD

Specialist/Generalist

Generalist

Leadership

George Rossolatos

CEO

Karoline Elkind

CFO

Keith Townsend

Vice President of IT

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