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BetaKit: FIRMEX ACQUIRED BY US-BASED DATASITE IN VERTU CAPITAL’S FIRST EXIT


BY JOSH SCOTT

Toronto-based virtual data room (VDR) company Firmex has been acquired by fellow VDR provider Datasite. The financial details of the deal were not disclosed.

Created in 2020 with the sole purpose of helping to recapitalize Dejero, UbiDatasite has acquired 100 percent of Firmex from majority shareholders Vertu Capital and BDC Capital, and Firmex’s management. The acquisition comes about two and a half years after Toronto-based Vertu and BDC teamed up in early 2019 to acquire a majority stake in Firmex from Québec investor Novacap, Firmex’s only other investor aside from the company’s management team.

Real the full article here.

Portfolio Companies

BetaKit: VERTU CAPITAL SECURES MINORITY STAKE IN DEJERO WITH $60 MILLION INVESTMENT


BY JOSH SCOTT

Waterloo-based company Dejero, which provides communications connectivity tech, announced a $60 million CAD minority recapitalization deal led by Toronto’s Vertu Capital. The investment, which will see Vertu acquire a minority stake in Dejero, was supported by Ubicom Ventures.

Created in 2020 with the sole purpose of helping to recapitalize Dejero, Ubicom is a special purpose investment fund managed by three Bay Street investors in partnership with Dejero’s founder Bogdan Frusina and CEO Bruce Anderson.

Real the full article here.

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Globe & Mail: Vertu Capital picks Waterloo tech firm Dejero for first fund investment


SEAN SILCOFF, TECHNOLOGY REPORTER

PUBLISHED APRIL 21, 2021

A fledgling private-equity firm, led by veteran Bay Street technology financier Lisa Melchior, has made the inaugural investment out of its first fund, leading the purchase of a $60-million stake in Waterloo, Ont., communications connectivity technology provider Dejero Labs Inc.

Ms. Melchior previously spent 17 years with the Ontario Municipal Employees Retirement System (OMERS), where she was a vice-president overseeing the pension giant’s private-capital investments in the technology sector, including its early stake in Constellation Software Inc. Ms. Melchior was on the board of Constellation, now one of Canada’s most valuable technology companies, when it went public in 2006. She also led the privatization of Quebec software company Logibec in 2010 and subsequent spinout of its U.S. subsidiary MatrixCare. OMERS sold the Canadian operations of Logibec to GI Partners in 2015.

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