Investment Summary

BDC Capital and ACE Equity Partners Invest In Preciseley

On August 26, 2020, growth capital firm BDC Capital and private equity firm ACE Equity Partners invested in semiconductors company Preciseley

Investment Highlights
  • This is BDC Capital’s 1st and ACE Equity Partners’ 2nd transaction in the Semiconductors sector.
  • This is BDC Capital’s 15th and ACE Equity Partners’ 1st transaction in Canada.
  • This is BDC Capital’s 2nd and ACE Equity Partners’ 1st transaction in British Columbia.
Investment Fate
  • Preciseley was sold to a consortium of buyers in 2021.

Investment Summary

Date 2020-08-26
Target Preciseley
Sector Semiconductors
Investor(s) BDC Capital
ACE Equity Partners
Deal Type Venture

Target

Preciseley

Burnaby, British Columbia, Canada
Preciseley is a fabless designer and supplier of a range of MEMS micro-mirror products with diverse applications across optical systems, telecommunications, sensors, and other fields. Preciseley was founded in 2006 and is based in Burnaby, British Columbia.

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Investor(S) 2

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 16 of 35
Sector: Semiconductors M&A 1 of 1
Type: Venture M&A Deals 2 of 4
State: British Columbia M&A 2 of 4
Country: Canada M&A 15 of 33
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 Recover Energy Services

Calgary, Alberta, Canada

Recover Energy Services is an environmental technology company with a patented process for cleaning oil-based drilling waste. The company's technology recovers base oil from drilling waste while providing a significant reduction in carbon dioxide emissions. Its Lodgepole Oilfield Waste Management Facility is approved by the Alberta Energy Regulator (AER) to accept Alberta generated oilfield waste classified as waste code DRWSHC; Drilling Waste Hydrocarbon. Recover Energy Services was founded in 2008 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Genacol

Blainville, Quebec, Canada

Genacol is a natural supplements company specializing in joint health and pain relief. With three independent clinical studies supporting Genacol’s product efficacy, the company is now the number 1 brand in the Quebec market for joint health natural supplements. Genacol products are also available across Canada and globally in 40 countries. Genacol was founded in 2000 and is based in Blainville, Quebec.

Buy -
Investor

ACE Equity Partners

Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ACE Equity Partners is a private equity firm focused on buyout and growth capital investments in industrial technology and advanced manufacturing companies.The Firm seeks control positions in partnership with founders as well as corporate carve-out situations. Specific areas of interest include business services, electrical equipment, technology hardware, IT, semiconductors, and software. ACE Equity Partners was established in 2017 and is based in Seoul, South Korea.


DEAL STATS #
Overall 9 of 12
Sector: Semiconductors M&A 2 of 2
Type: Venture M&A Deals 2 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 CloudLight

Hong Kong, China

CloudLight designs, markets, and manufactures advanced optical modules for datacenter interconnect and optical sensor for automotive applications. CloudLight was founded in 2018 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 ASM

West Perth, Australia

ASM is an emerging vertically integrated producer of critical metals for new growth industries, high technologies and sustainable energy solutions. ASM was founded in 2000 and is based in West Perth, Australia.

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