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Cross Border Activity - June 2009

Posted in Cross Border Activity

 

There were no cross border financings this month as US VCs continued to shy away from investing north of the border.  Over the last three months there has only been one instance of a Canadian company receiving backing from a US-based VC fund.  On the bright side, we did see a couple of US-based companies coming to Canada to make strategic acquisitions in the technology space.  

 

 

Cross Border M&A

 

OMERS Private Equity announced an acquisition of Nordco from one of the portfolios managed by The Riverside Company.  The Wisconsin-based company designs, manufactures, and supplies critical products to the railroad industry.

 

Exar Corporation (NASDAQ: EXAR), a California-based communications company, announced a deal to acquire Ottawa’s Galazar Networks, a supplier of semiconductor and software solutions.

 

Streamlogics, a webcasting solutions provider based in Toronto, has been acquired by New York-based Thomson Reuteurs (NSDQ: TRIN), a leading source of intelligent information for business professionals that also happens to be a major webcast provider.