National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments.
Acquisitions
DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
Sun Life Canada to acquire Dialogue Health Technologies
Dialogue will maintain its head office in Montréal and operate as a standalone entity as part of Sun Life Canada.
Checkfront merges with Australia’s Rezdy to scale online tourism reservations
Both startups offer online booking platforms for tourism companies.
Construction software firm Vitruvi to be acquired by US-based Bow River Capital
Calgary-based Vitruvi’s team and leadership to stay on as part of deal.
Well Health adds anesthesia subsidiary CarePlus Management in its latest acquisition
Well Health revised its annual revenue guidance sharply upwards after the purchase for an undisclosed sum.
WonderFi, Coinsquare, CoinSmart merge as landmark Canadian crypto deal closes
The merger comes during a challenging time for the crypto industry.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Tokens.com acquires Startup Slang to link in-game purchases to Shopify Plus storefronts
Tokens.com continues to bet on the metaverse for future revenues.
Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.
Poka to be acquired by Swedish enterprise software giant IFS in reported $200-million deal
Poka is used by workers at Nestlé, Tetra Pak, and Mars, among others.
Ailing MCI OneHealth divests five clinics in Calgary to Well Health for $2 million
Well called the acquisition an excellent opportunity to expand to more providers in Alberta.
Tehama returns as management team buys it out of bankruptcy
CEO Paul Vallée said he’s “pretty chuffed” about the new startup.
How Inkbox CFO Louise Hucal handled the process of being acquired by a global corporation
Successful due diligence requires transparency and delegation.
Mysa acquires United States smart thermostat company as it expands into commercial heating
Mysa, a smart-thermostat company based in St. John’s, Nfld., has acquired the intellectual property of United States smart…