Investment Summary

BDC Capital, Clearspring Capital Partners and OneLink Capital Invest In Tecnic

On December 16, 2022, growth capital firm BDC Capital, private equity firm Clearspring Capital Partners and private equity firm OneLink Capital invested in education company Tecnic

Investment Highlights
  • This is BDC Capital’s 1st, Clearspring Capital Partners’ 1st and OneLink Capital’s 1st transaction in the Education sector.
  • This is BDC Capital’s 29th, Clearspring Capital Partners’ 10th and OneLink Capital’s 1st transaction in Canada.
  • This is BDC Capital’s 14th, Clearspring Capital Partners’ 5th and OneLink Capital’s 1st transaction in Quebec.

Investment Summary

Date 2022-12-16
Target Tecnic
Sector Education
Investor(s) BDC Capital
Clearspring Capital Partners
OneLink Capital
Deal Type Growth Capital

Target

Tecnic

Laval, Quebec, Canada
Tecnic is an operator of network of driving schools in North America with more than 160 driving schools. Tecnic was founded in 1985 and is based in Laval, Quebec.

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Investor(S) 3

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 31 of 33
Sector (Education) 1 of 1
Type (Growth Capital) 18 of 20
State (Quebec) 14 of 15
Country (Canada) 29 of 31
Year (2022) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 Sexton Group

Winnipeg, Manitoba, Canada

Sexton Group is a distribution, buying group and transportation business in the building materials industry and is comprised of five businesses including Sexton Group, a Canadian building materials buying group, Kenroc Building Materials, one of Western Canada’s largest distributors of gypsum, roofing and other specialty building materials, Builders Choice Products, a specialty tool distribution company, Sexton Transport, a long haul building material trucking company and Tage Davidsen Drywall Supplies, a gypsum dealer serving contractors in Calgary and surrounding areas. Sexton Group was founded in 1985 and is based in Winnipeg, Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 Optel

Québec, Quebec, Canada

Optel is a Certified B Corporation that has developed traceability solutions to enable companies for improving the efficiency and sustainability of supply chains by making them more intelligent and transparent. Optchain, the company's flagship traceability solution, captures and leverages data from value chain stakeholders to provide complete real-time visibility for improved supply chain performance, carbon footprint tracking, and regulatory compliance. Optel is based in Québec.

Buy -
Investor

Clearspring Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 600M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Callisto Capital is a private equity firm focused on ownership/control investments and minority interests in both private and public companies. In addition to equity, Callisto also provides 'near equity' capital including sub-debt with warrants and convertible debt. Callisto's target investment size is between $20 and $50 million. Callisto Capital is based in Toronto, Canada.


DEAL STATS #
Overall 10 of 11
Sector (Education) 1 of 1
Type (Growth Capital) 3 of 4
State (Quebec) 5 of 6
Country (Canada) 10 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Regal Confections

Laval, Quebec, Canada

Regal Confections is a distributor of confectioneries with over five decades of confectionery market leadership. the company manufactures peanut-free and nut-free chocolate products in Quebec under the "Jean-Talon" (CJT) brand (as well as private label and licensed products in Canada and the US). It distributes fine imported and domestic gourmet foods under the "Euro-Excellence" (EEX) brand and it creates gift baskets for leading retailers under the "Sweet Expressions" brand. During peak periods, the company employs more than 300 people at 6 locations. Regal sells through all major distribution channels in Canada (including club, grocery, drugstores, mass merchants, convenience stores, dollar stores, and specialty independent stores). Regal Confections was founded in 1962 and is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 INNOTEX

Richmond, Quebec, Canada

INNOTEX is a manufacturer of firefighter protective suits, widely known as turnout gear, as well as multifunctional and lighter-weight rescue gear, protective hoods and gloves. INNOTEX was founded in 1999 and is based in Richmond, Quebec.

Buy -
DESCRIPTION

OneLink Capital is a private equity firm focused on acquiring small and medium-sized manufacturing, technology, logistics, and specialized services companies. The Firm targets Quebec-based businesses with at least $10 million of revenue and $2 to $10 million of EBITDA. OneLink Capital was formed in 2020 and is headquartered in Montreal.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Growth Capital) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1