Investment Summary

BDC Capital and Desjardins Capital Invest In Agendrix

On June 22, 2021, growth capital firms BDC Capital and Desjardins Capital invested in software company Agendrix

Investment Highlights
  • This is BDC Capital’s 3rd and Desjardins Capital’s 1st transaction in the Software sector.
  • This is BDC Capital’s 19th and Desjardins Capital’s 2nd transaction in Canada.
  • This is BDC Capital’s 10th and Desjardins Capital’s 2nd transaction in Quebec.

Investment Summary
Date 2021-06-22
Target Agendrix
Sector Software
Investor(s) BDC Capital
Desjardins Capital
Deal Type Growth Capital

Target

Agendrix

Sherbrooke, Quebec, Canada
Agendrix provides a web and mobile application that simplifies schedule, timesheet, and payroll management. It is now used in more than 8,000 small and medium-sized workplaces in sectors as diverse as retail, food services, seniors housing, and construction, among others. Agendrix was formed in 2015 and is based in Sherbrooke, Quebec.

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Investor(S) 2

Investor

BDC Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.

DEAL STATS #
Overall 21 of 33
Sector (Software) 3 of 3
Type (Growth Capital) 13 of 20
State (Quebec) 10 of 15
Country (Canada) 19 of 31
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Thentia

Toronto, Ontario, Canada

Thentia was developed by subject matter experts with a mission to transform GovTech through best-in-class technological capabilities. Its secure, modern and elegant solution, Thentia Cloud, is revolutionizing the way agencies manage data and licensing by bringing the entire process into the 21st century with speed, automation, ease-of-use and best-in-class support. Thentia is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Firmex

Toronto, Ontario, France

Firmex is a virtual data room provider that has helped to drive the virtual data room marketplace with its SaaS secure document sharing platform to global financial institutions, law firms, and governments. Firmex’s secure and intuitive SaaS solution allows for the sharing of large volumes of confidential documents and mission-critical undertakings, including financial transactions, litigation, and compliance across a range of industries. Firmex was founded in 2006 and is based in Toronto, Ontario.

Sell -
Investor

Desjardins Capital

Investor Investor Investor

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 2
Type (Growth Capital) 1 of 1
State (Quebec) 2 of 4
Country (Canada) 2 of 4
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-02 Exo-s

Sherbrooke, Quebec, Canada

Exo-s is a designer and manufacturer of plastic parts using injection and blows molding processes. Its teams of experts have acquired unique and specific knowledge in the design, engineering, and manufacturing of tooling and plastic parts for highly specialized applications. Exo-s was founded in 2012 and is based in Sherbrooke, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Progitek

Quebec , Quebec, Canada

Progitek develops a range of innovative software solutions for dental practitioners. Dentitek, its flagship product, allows practicing dentists to go paperless while facilitating clinic administration and boosting productivity. Progitek was founded in 1995 and is based in Quebec City.

Buy -
Mergr

Product

Company

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