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Posted in Cross Border Activity
April was a very quiet month in terms of cross-border activity. The only US player spending money on a Canadian company was Disney Online. For the first time in a long time we did not see any US-based private equity funds or venture capital firms investing north of the border. We hope to see these figures rebound over the next couple of months but that may be a little bit much to ask going into the summer, which is usually the quietest time of the year in the VC space.
Cross Border M&A
Disney Online (CA) acquired the North American assets of Kaboose Inc (TSX: KAB), a Toronto-based online media company focused on family entertainment, for $23.3 million.
The Thermal Liquid Cooling assets of Michigan-based Delphi Corp were acquired by Calgary’s CoolIT Systems, which develops next generation cooling products for the computer industry.