Investment Summary

Canadian Business Growth Fund and Credit Mutuel Equity Invest In Paystone

On January 21, 2021, growth capital firm Canadian Business Growth Fund and asset manager Credit Mutuel Equity invested in financial services company Paystone

Investment Highlights
  • This is Canadian Business Growth Fund’s 1st and Credit Mutuel Equity’s 2nd transaction in the Financial Services sector.
  • This is Canadian Business Growth Fund’s 16th and Credit Mutuel Equity’s 7th transaction in Canada.
  • This is Canadian Business Growth Fund’s 8th and Credit Mutuel Equity’s 4th transaction in Ontario.

Investment Summary

Date 2021-01-21
Target Paystone
Sector Financial Services
Investor(s) Canadian Business Growth Fund
Credit Mutuel Equity
Deal Type Growth Capital

Target

Paystone

London, Ontario, Canada
Paystone is an MSP/ISO providing a broad suite of payment solutions, including customer engagement software, payment terminals, gift card and loyalty programs, virtual terminals, and e-commerce payment capabilities for businesses. Paystone was formed in 2009 and is based in London, Ontario.

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Investor(S) 2

Investor
DESCRIPTION

Canadian Business Growth Fund (CBGF) is an independent, evergreen growth?capital investment fund backed by Canadian banks and insurance companies. The Firm looks to provide minority equity investments ranging from CAD?5 to?20?million in mid?market Canadian businesses with solid revenue and growth trajectories. CBGF was formed in 2018 and is based in Toronto, Ontario.


DEAL STATS #
Overall 17 of 31
Sector: Financial Services M&A 1 of 3
Type: Growth Capital M&A Deals 13 of 21
State: Ontario M&A 8 of 14
Country: Canada M&A 16 of 30
Year: 2021 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 PayBright

Toronto, Ontario, Canada

PayBright is a technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform. PayBright provides consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright was founded in 2009 and is based in Toronto, Ontario.

Sell CA$340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Cold Bore Technology

Calgary, Alberta, Canada

Cold Bore Technology is a leading well completions automation and analytics technology company. Cold Bore Technology’s SmartPAD platform offers the world’s first on-site Completions Master Control System (CMCS) to enable fully autonomous well operations through its innovative hardware and software solution. Cold Bore Technology is based in Calgary Alberta.

Buy -
Investor
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


DEAL STATS #
Overall 151 of 188
Sector: Financial Services M&A 2 of 2
Type: Growth Capital M&A Deals 45 of 61
State: Ontario M&A 4 of 5
Country: Canada M&A 7 of 8
Year: 2021 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 exceet Card Group

Kematen in Tirol, Austria

exceet Card Group is a European provider of smart card solutions, delivering chip-based products for banking, government, access, transport, and loyalty applications. The company supplies debit and credit cards, official ID documents, contactless transport tickets, and cards for loyalty and gift programs. exceet Card Group was founded in 2000 and is based in Kematen in Tirol, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-28 Roth Geruste

Gerlafingen, Switzerland

Roth Geruste is a scaffolding provider delivering engineered, safety-certified scaffolding solutions for projects ranging from residential buildings to large industrial and infrastructure works. The company offers planning, assembly and specialized scaffolding services. Roth Geruste is based in Gerlafingen, Switzerland.

Buy -