Investment Summary

Tandem Expansion Fund and Macquarie Bank Exits Anaergia

On June 23, 2021, invested in environmental company Anaergia from Tandem Expansion Fund and Macquarie Bank

Investment Highlights
  • This is transaction in the Environmental sector.
  • This is transaction in Canada.
  • This is transaction in Ontario.

Investment Summary

Date 2021-06-23
Target Anaergia
Sector Environmental
Sellers(s) Tandem Expansion Fund
Macquarie Bank
Deal Type IPO

Target

Anaergia

Burlington, Ontario, Canada
Anaergia provides anaerobic digestion and production of clean energy, fertilizer, and recycled water from organic waste streams. The company sells capital equipment and turnkey solutions internationally and also has a growing portfolio of power generation and waste treatment facilities that it owns and operates. Anaergia was formed in 2007 and is based in Burlington, Ontario.

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Seller(S) 2

SELLER

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 7 of 7
Sector: Environmental M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Ontario M&A 2 of 2
Country: Canada M&A 6 of 6
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Averna

Montreal, Quebec, Canada

Averna is a manufacturing solution provider for communications and electronics device-makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical device industries use Proligent, RF Test instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply-chain issues. It has offices around the world as well as a network of partners such as JOT Automation, Keysight Technologies, and National Instruments. Averna was founded in 1999 and is based in Montreal, Quebec.

Sell -
SELLER

Macquarie Bank

Sydney, Australia

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.8B AUD (2025)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.


DEAL STATS #
Overall 7 of 7
Sector: Environmental M&A 1 of 1
Type: IPO M&A Deals 2 of 2
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Smarte Carte

St. Paul, Minnesota, United States

Smarte Carte is a provider of baggage cart, locker and stroller services operating in airports, train stations, bus terminals, shopping centers and entertainment facilities around the world. Smarte Carte was founded in 1967 and is based in St. Paul, Minnesota.

Sell $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Central Park Group

New York, New York, United States

Central Park Group is an independent investment advisory firm that specializes in alternative investment strategies. Central Park Group offers private equity, hedge fund, real estate, and fund-of-funds investments tailored for institutions and qualified private client investors. It distributes offerings through Global Wealth Management firms, U.S. brokerage firms, registered investment advisors, financial planning firms, and family offices. Central Park Group is based in New York City.

Buy -