List of 7 Software Recapitalization Investors in Ontario

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Arcadea Group Toronto, Ontario, Canada Growth Capital Firm • 2021 • website See all 7	-	12	12
Banyan Capital Partners Toronto, Ontario, Canada Private Equity Firm • 1999 • website See all 3	-	21	7
Ontario Teachers Pension Plan Toronto, Ontario, Canada Pension • 1990 • website See all 130	242,500	188	105
NorthSpring Capital Partners Cambridge, Ontario, Canada Growth Capital Firm • 2009 • website See all 4	-	22	15
Penfund Toronto, Ontario, Canada Mezzanine Finance Firm • 1979 • website See all 13	2,052	40	10
CIEL Capital Toronto, Ontario, Canada Private Equity Firm • 2012 • website See all 8	-	6	5
Kilmer Capital Partners Toronto, Ontario, Canada Private Equity Firm • 1994 • website See all 6	760	16	1

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Ontario Software Recapitalization Investors