M&A Deal Summary

Australis Capital Acquires Rthm Technologies

On October 29, 2018, private equity firm Australis Capital acquired internet software and services company Rthm Technologies for 8M CAD

Acquisition Highlights
  • This is Australis Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Australis Capital’s largest (disclosed) transaction.
  • This is Australis Capital’s 1st transaction in Canada.
  • This is Australis Capital’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-10-29
Target Rthm Technologies
Sector Internet Software and Services
Buyer(s) Australis Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 8M CAD

Target

Rthm Technologies

Toronto, Ontario, Canada
Rthm Technologies is a developer of mobile app for complete suite of proprietary technology including advanced heart rate tracking and analysis algorithms and comprehensive circadian rhythm mapping techniques. Rthm Technologies was founded in 2016 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Australis Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Australis Capital is a publicly traded investment group focused on the cannabis industry. The Firm looks to provide equity and/or debt to public and private companies, offer financing in exchange for royalties or other distribution streams, as well as make controlling acquisitions. Australis Capital was formed in 2018 and is headquartered in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 6
Sector (Internet Software and Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 3
Year (2018) 1 of 4
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 Body and Mind

Vancouver, British Columbia, Canada

Body and Mind cultivates, processes, distributes, and retails medical and recreational cannabis in Nevada, California, Arkansas, Ohio, and Michigan in the United States. The company offers packaged and grinded flower buds; concentrates; Gpen vaporizers; distillate oil cartridges; and distillate infused edible products. It also produces and sells medical and adult­use recreational marijuana products, such as cannabis flower, oil, extracts, and edibles under the Body and Mind brand name. Body and Mind was founded in 1998 and is based in Vancouver, British Columbia.

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