M&A Deal Summary

Westcap Acquires Paradigm Consulting Group

On September 24, 2018, private equity firm Westcap acquired information technology company Paradigm Consulting Group from SEB

Acquisition Highlights
  • This is Westcap’s 1st transaction in the Information Technology sector.
  • This is Westcap’s 13th transaction in Canada.
  • This is Westcap’s 9th transaction in Saskatchewan.

M&A Deal Summary
Date 2018-09-24
Target Paradigm Consulting Group
Sector Information Technology
Buyer(s) Westcap
Sellers(s) SEB
Deal Type Divestiture

Target

Paradigm Consulting Group

Regina, Saskatchewan, Canada
Paradigm Consulting Group provides management and information technology consulting services to healthcare, insurance, financial services, public sector, telecom and energy clients. Paradigm Consulting Group was founded in 1990 and is based in Regina, Saskatchewan.

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Buyer(S) 1

Buyer

Westcap

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.

DEAL STATS #
Overall 13 of 25
Sector (Information Technology) 1 of 3
Type (Divestiture) 2 of 2
State (Saskatchewan) 9 of 14
Country (Canada) 13 of 25
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Ramada Plaza Regina

Regina, Saskatchewan, Canada

Ramada Plaza Regina is a full service hotel in a prime central downtown location has renovated rooms, banquet facilities, food and beverage outlets, lobby, pool area and the all-important underground heated parkade for the those Saskatchewan winters. Ramada Plaza Regina was founded in 2012 and is based in Regina, Saskatchewaan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Maxie s Excavating

Saskatoon, Saskatchewan, Canada

Maxie's Excavating focuses on civil earthwork construction for the public and private sectors, aggregate processing and supply, demolition, and land development. Maxie's Excavating is based in 1972 and is based in Saskatoon, Saskatchewan.

Buy -

Seller(S) 1

SELLER

SEB

Mississauga, Ontario, Canada
Category Company
Sector Insurance
Revenue 61M CAD (2020)
DESCRIPTION

SEB is an insurance broker and technology provider utilizing its fully integrated administration adjudication claims paying reporting software platform to provide “totally hosted PCI compliant modular solutions” for managing portions or all of the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers. SEB is based in Mississauga, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Maplesoft Group

Ottawa, Ontario, Canada

Maplesoft Group is a provider of systems integration services to businesses globally.

Buy -
Mergr

Product

Company

Legal