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%). In total, Tandem Expansion Fund has invested in 1 US state and 2 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired Acquisio for $12M.

In the last 3 years, Tandem Expansion Fund has exited 2 companies. The Firm’s most common exit type is trade sale (43%).

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 Activity18
    • M&A Buy Activity11
    • M&A Sell Activity7
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 11 - - - - - 11
vol $12M $12M
Sell (0.4/yr) # 5 - 2 - - - 7
  18

Most Recent M&A

Company Date Value Type
Anaergia, Inc. 2021-06-23 - IPO
Burlington, Ontario · www.anaergia.com
Averna Technologies, Inc. 2021-04-06 - Secondary Sale
Montreal, Quebec · www.averna.com
Lithion Power Group 2018-04-18 - Secondary Sale
Henderson, Nevada · www.lithionbattery.com
NGRAIN (Canada) Corp. 2018-01-04 - Trade Sale
Vancouver, British Columbia · www.ngrain.com
Acquisio, Inc. 2017-11-01 - Trade Sale
Brossard, Quebec · www.acquisio.com
Delta-Q Technologies Corp. 2016-12-07 - Trade Sale
Burnaby, British Columbia · www.delta-q.com
Solace Systems, Inc. 2016-04-06 - Secondary Sale
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
Henderson, Nevada · www.lithionbattery.com
View All >>

M&A by Sector

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

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 2 (100%) - 10 (91%) 12M (100%)
  Ontario 1 (50%) - 5 (45%) -
  Quebec 1 (50%) - 3 (27%) 12M (100%)
  British Columbia - - 2 (18%) -
United States - - 1 (9%) -
  Nevada - - 1 (9%) -
Domestic 2 (100%) - 10 (91%) 12M (100%)
Cross-border - - 1 (9%) -
Total 2 - 11 $12M

Acquisitions by Deal Type

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

Exits by Deal Type

Type Total # Value
Secondary Sale 3 (43%) -
Trade Sale - Public Company 2 (29%) -
IPO 1 (14%) -
Trade Sale 1 (14%) -
Total 7 -

Deal Values

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

M&A Connections

Deals
Exited to
Investor(s)
43%
3 (43%)
Strategic(s)
43%
3 (43%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2009

Specialist/Generalist

Specialist

FAQ

When was Tandem Expansion Fund founded?

Tandem Expansion Fund was founded in 2009.

What type of investor is Tandem Expansion Fund?

Tandem Expansion Fund is a growth capital firm.

Where is Tandem Expansion Fund headquartered?

Tandem Expansion Fund is headquartered in Toronto, Ontario.

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