Investment Summary

Canadian Business Growth Fund Invests In PureFacts Financial Solutions

On December 16, 2021, growth capital firm Canadian Business Growth Fund invested in financial services company PureFacts Financial Solutions

Investment Highlights
  • This is Canadian Business Growth Fund’s 2nd transaction in the Financial Services sector.
  • This is Canadian Business Growth Fund’s 23rd transaction in Canada.
  • This is Canadian Business Growth Fund’s 10th transaction in Ontario.
Investment Fate
  • PureFacts Financial Solutions was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2021-12-16
Target PureFacts Financial Solutions
Sector Financial Services
Investor(s) Canadian Business Growth Fund
Deal Type Venture

Target

PureFacts Financial Solutions

Toronto, Ontario, Canada
PureFacts Financial Solutions is a provider of wealth management solutions for the financial services industry in Canada, USA, UK, and the Caribbean. PureFacts Financial Solutions is based in Toronto, Ontario.

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Investor(S) 1

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 24 of 31
Sector: Financial Services M&A 2 of 3
Type: Venture M&A Deals 6 of 9
State: Ontario M&A 10 of 14
Country: Canada M&A 23 of 30
Year: 2021 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Kudos

Calgary, Alberta, Canada

Kudos is an employee engagement, culture, and analytics platform, that harnesses the power of peer-to-peer recognition, values reinforcement, and open communication to help organizations boost employee engagement, reduce turnover, improve culture, and drive productivity and performance. It uses unique proprietary methodologies to deliver essential people analytics on culture, performance, equity, and inclusion, providing organizations with deep insights and a clear understanding of their workforce. Kudos was formed in 2010 and is based in Calgary, Alberta.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Amilia

Montreal, Quebec, Canada

Amilia is an activity and recreation eCommerce company on a mission to revolutionize the way organizations operate and manage their businesses. Amilia’s all-in-one platform solution, SmartRec, enables organizations to engage with their communities by streamlining customer registration, membership management, facility booking, payment and invoicing services, and back-office functions. Amilia is based in Montreal, Quebec.

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