- 2 years ago


March activity in M&A was again dominated by one transaction.

Ontario’s Nordion, in the heath care technology space, sold to Sterigenics for $848m. The only other announced sizable transaction was Quebec’s X2O Media selling to Barco for $21m. Of interest, Zite was sold again, as CNN passed it to Flipboard in a transaction whose price was not announced.



In funding, the month was the biggest of the year so far with Quebec’s Knight Therapeutics in the biotech space taking in $255 million in two closings in a private placement. Of note, Calgary’s Slyce raised a large round of $12m. It was a good month in Alberta as publicly traded Sylogist also raised a large round of $15m. BC had another large growth equity raise with Themis Solutions (better known as Clio) raised $20m from Bessemer Venture Partners and previous investors Version One and Acton Capital.

In general, it was a decent month for US investors coming into Canadian deals: Blumberg and Tenfore came into Trulioo as part of the $6.7m raise, the aforementioned Bessemer participation and Salesforce.com invested in Toronto’s Aislelabs.