Investment Summary

Tandem Expansion Fund, Crédit Mutuel Equity and XPND Capital Invest In Acquisio

On August 16, 2011, growth capital firm Tandem Expansion Fund, asset manager Crédit Mutuel Equity and growth capital firm XPND Capital invested in internet software and services company Acquisio for 12M USD

Investment Highlights
  • This is Tandem Expansion Fund’s 1st, Crédit Mutuel Equity’s 2nd and XPND Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Tandem Expansion Fund’s , Crédit Mutuel Equity’s and XPND Capital’s largest (disclosed) transaction.
  • This is Tandem Expansion Fund’s 6th, Crédit Mutuel Equity’s 1st and XPND Capital’s 1st transaction in Canada.
  • This is Tandem Expansion Fund’s 1st, Crédit Mutuel Equity’s 1st and XPND Capital’s 1st transaction in Quebec.
Investment Fate
  • Acquisio was sold to a publicly-traded strategic buyer in 2017.

Investment Summary
Date 2011-08-16
Target Acquisio
Sector Internet Software and Services
Investor(s) Tandem Expansion Fund
Crédit Mutuel Equity
XPND Capital
Deal Type Venture
Deal Value 12M USD

Target

Acquisio

Brossard, Quebec, Canada
Acquisio, Inc. is a local business software provider for online advertising management. Acquisio empowers SMBs to thrive in the digital economy by facilitating customer acquisition using ad platforms such as Google AdWords, Facebook Ads, and Bing Ads. Acquisio, Inc. was founded in 2003 and is based in Brossard, Quebec.

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Investor(S) 3

Investor

Tandem Expansion Fund

Toronto, Ontario, Canada
Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Tandem Expansion is a private growth capital fund seeking to invest in small to mid-sized tech businesses in Canada. Specific areas of interest include IT (hardware, software, service), clean tech, energy/resource, technology, advanced materials, and life science. The Firm looks to invest $10 to $30 million in fast growing businesses with $5 to $50 million in revenues. Investment proceeds are typically used to fund organic growth or provide acquisition capital. Tandem was formed in 2009 and is based in Montreal, Québec.

DEAL STATS #
Overall 6 of 11
Sector (Internet Software and Services) 1 of 1
Type (Venture) 4 of 6
State (Quebec) 1 of 3
Country (Canada) 6 of 10
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 NGRAIN

Vancouver, British Columbia, Canada

NGRAIN (Canada) Corp. is a designer, developer and marketer of 3D graphics-based software content and tools to primarily service the Military and Commercial aerospace sectors. NGRAIN (Canada) Corp. was established in 2000 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Blueprint

Toronto, Ontario, Canada

Blueprint is a provider of industry-major software solutions that accelerate and de-risk the digital transformation of large organizations. Blueprint transforms the Business-IT relationship into a visual and engaging collaboration. Blueprint Software System was founded in 2004 and is based in Toronto, Ontario.

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 41 of 180
Sector (Internet Software and Services) 2 of 4
Type (Venture) 3 of 4
State (Quebec) 1 of 2
Country (Canada) 1 of 8
Year (2011) 8 of 15
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 Maisons Pierre

Cesson, France

Maisons Pierre is a provider of construction services. Maisons Pierre builds houses, efficient and energy-efficient at the best possible price-quality ratio. Maisons Pierre was founded in 1984 and is based in Cesson, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-31 Babymoov

Clermont-Ferrand, France

Babymoov specializes in the design, development, and distribution of innovative products such as food processors, audio and video monitors, baby bouncers, etc. The company has two complementary brands, Babymoov and Badabulle, whose products are distributed both in e-commerce and in physical stores. Babymoov was founded in 1997 and is based in Clermont-Ferrand, France.

Buy -
Investor

XPND Capital

Investor Investor

Category Growth Capital Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

XPND Capital is a Canadian private equity firm focused on growth investments based in Quebec. XPND targets expanding companies in the transportation, consumer products, energy, health/lifestyle, technology, media, and entertainment sectors. Prospective companies typically have revenues of $10 to $50 million and are profitable with up to $10 million of EBITDA. The Firm seeks to invest $5 to $15 million and will consider both majority or minority positions. XPND Capital is based in Montreal.

DEAL STATS #
Overall 1 of 6
Sector (Internet Software and Services) 1 of 2
Type (Venture) 1 of 1
State (Quebec) 1 of 6
Country (Canada) 1 of 6
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-27 iPerceptions

Montreal, Quebec, Canada

iPerceptions helps the leading brands measure and elevate the Customer Experience (CX) at every touchpoint across the entire customer journey. iPerceptions combines a powerful SaaS platform, easy-to-deploy and secure feedback collection technology, closed-loop feedback features, and extensive industry expertise to transform Voice of the Customer (VoC) into actionable insights that drive business results. iPerceptions offers a full range of tailored solutions supported by experts who have managed 1000s of customer feedback programs for Fortune 500 brands in the Automotive, Retail, Hospitality, Healthcare, Finance, Education, and Telecommunications sectors. iPerceptions was formed in 1999 and is based in Montreal, Quebec.

Buy -
Mergr

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