Resources Articles of Interests
Posted in Cross Border Activity
December 2008 was an uneventful month in terms of US investment in Canada. There was only one transaction reported involving a US player allocating capital to a Canadian company. The numbers appear even weaker in comparison to December 2007, during which there were two VC deals and 4 M&A transactions that involved US-based entities acquiring stock in privately-owned Canadian businesses.
Details of December’s only two cross border deals are listed below
Cross Border M&A
JLL Partners, a PE firm based in New York City, acquired Patheon Inc. (TSX: PTI), a Toronto-based company that provides contract development and manufacturing to the pharmaceuticals industry.
Algorithme of Quebec grew the reach of its clinical research services business by acquiring Wales-based Simbec Research.