Investment Summary

Kensington Capital Partners Invests In D-Wave Systems

On December 2, 2010, private equity firm Kensington Capital Partners invested in technology hardware company D-Wave Systems

Investment Highlights
  • This is Kensington Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is Kensington Capital Partners’ 2nd transaction in Canada.
  • This is Kensington Capital Partners’ 1st transaction in British Columbia.

Investment Summary
Date 2010-12-02
Target D-Wave Systems
Sector Technology Hardware
Investor(s) Kensington Capital Partners
Deal Type Growth Capital

Target

D-Wave Systems

Burnaby, British Columbia, Canada
D-Wave Systems is a developer and deployed the first commercial quantum computing system, making the vast power of quantum computation available to a broad base of researchers and practitioners. D-Wave Systems was founded in 1999 and is based in Burnaby, British Columbia.

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Investor(S) 1

Investor

Kensington Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 2.8B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.

DEAL STATS #
Overall 3 of 25
Sector (Technology Hardware) 1 of 2
Type (Growth Capital) 1 of 8
State (British Columbia) 1 of 1
Country (Canada) 2 of 19
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-22 Public Mobile

Toronto, Ontario, Canada

Public Mobile, Inc. is a provider of unlimited talk, text and data services to value conscious customers in Ontario and Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 Protenergy Natural Foods

Richmond Hill, Ontario, Canada

Protenergy Natural Foods Corp. is a fully integrated manufacturer of natural food and beverage products. From concept through product formulation, analytical and sensory testing, nutritional evaluation, packaging and logistics.

Buy -
Mergr

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