Investment Summary

Canadian Business Growth Fund and Crédit Mutuel Equity Invest In Paystone

On January 21, 2021, growth capital firm Canadian Business Growth Fund and asset manager Crédit Mutuel Equity invested in technology hardware company Paystone

Investment Highlights
  • This is Canadian Business Growth Fund’s 1st and Crédit Mutuel Equity’s 2nd transaction in the Technology Hardware sector.
  • This is Canadian Business Growth Fund’s 17th and Crédit Mutuel Equity’s 7th transaction in Canada.
  • This is Canadian Business Growth Fund’s 9th and Crédit Mutuel Equity’s 4th transaction in Ontario.

Investment Summary
Date 2021-01-21
Target Paystone
Sector Technology Hardware
Investor(s) Canadian Business Growth Fund
Crédit Mutuel Equity
Deal Type Growth Capital

Target

Paystone

London, Ontario, Canada
Paystone is a provider of customer engagement solutions that helps merchants turn everyday transactions into meaningful interactions and opportunities for growth. Paystone was formed in 2009 and is based in London, Ontario.

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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 17 of 29
Sector (Technology Hardware) 1 of 1
Type (Growth Capital) 13 of 19
State (Ontario) 9 of 13
Country (Canada) 17 of 29
Year (2021) 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

Crédit Mutuel Equity

Investor Investor Investor Investor Investor

Category Asset Manager
PE ASSETS 2.7B EUR
Size Large
Type Sector Agnostic
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 146 of 180
Sector (Technology Hardware) 2 of 2
Type (Growth Capital) 44 of 59
State (Ontario) 4 of 5
Country (Canada) 7 of 8
Year (2021) 3 of 11
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 (so-called chip cards). The company is a partner for international customers in the following areas: Banking & Government (debit and credit cards, official identification documents), Access & Transport (contactless tickets for public transport) and Loyalty & Gift Cards (cards for innovative loyalty 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 Gerüste

Gerlafingen, Switzerland

Roth Gerüste plans and implements first-class scaffolding solutions certified to the highest safety standards for clients throughout Switzerland: from residential buildings to large-scale construction, from facade scaffolding to securing bridges. Roth Gerüste is based in Gerlafingen, Switzerland.

Buy -
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