Investment Summary

Canadian Business Growth Fund and BGF Invest In Appnovation

On August 13, 2019, growth capital firms Canadian Business Growth Fund and BGF invested in information technology company Appnovation

Investment Highlights
  • This is Canadian Business Growth Fund’s 2nd and BGF’s 12th transaction in the Information Technology sector.
  • This is Canadian Business Growth Fund’s 7th and BGF’s 1st transaction in Canada.
  • This is Canadian Business Growth Fund’s 3rd and BGF’s 1st transaction in British Columbia.

Investment Summary
Date 2019-08-13
Target Appnovation
Sector Information Technology
Investor(s) Canadian Business Growth Fund
BGF
Deal Type Growth Capital

Target

Appnovation

Vancouver, British Columbia, Canada
Appnovation is a full-service digital consultancy, focused on delivering meaningful business outcomes that drive innovation, growth, and ultimately value for its clients. Through digital strategy and a deep industry focus across a variety of verticals (including some of the largest financial services and pharmaceutical companies in the world). Appnovation was founded in 2007 and is based in Vancouver, British Columbia.

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Investor(S) 2

Investor

Canadian Business Growth Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2018
PE ASSETS 545M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 7 of 29
Sector (Information Technology) 2 of 8
Type (Growth Capital) 7 of 19
State (British Columbia) 3 of 3
Country (Canada) 7 of 29
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 Vendasta

Saskatoon, Saskatchewan, Canada

Vendasta is a software company that builds a platform for helping local businesses with their digital needs. Sold exclusively through channel partners including agencies, broadcasters, publishers, banks, telecoms, and more. Vendasta was founded in 2008 and is based in Saskatoon, Saskatchewan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Unyte Health

Toronto, Ontario, Canada

Unyte Health is a provider of neural solutions to the mental health care industry. Unyte’s therapeutic tools and training help clinicians deliver better outcomes for patients suffering from mental health challenges. Unyte products have been proven to reduce stress and anxiety and enhance treatment programs, and its platform provides clinicians with the ability to track patient progress over time. Unyte Health is based in Toronto, Ontario.

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Investor

BGF

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.

DEAL STATS #
Overall 208 of 325
Sector (Information Technology) 12 of 26
Type (Growth Capital) 161 of 255
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 22 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Christopher Ward

Maidenhead, United Kingdom

Christopher Ward creates high-quality timepieces that combine British style and innovation with Swiss watchmaking skills. The brand specializes in mechanical and quartz watches, that are designed in the UK and manufactured in the home of horology, Biel, Switzerland. Christopher Ward was founded in 2004 and is based in Maidenhead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 Orbitaled

Cheadle Hulme, United Kingdom

Orbitaled operates international schools for local and ex-pat families looking to educate their children within an English-speaking, high-quality school environment. The schools specialize in the delivery of an English national curriculum for children between ages 2 and 18, with 10 private international schools across seven geographies. Orbitaled was founded in 2005 and is based in Cheadle, United Kingdom.

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