Organization: Canadian Science and Technology Growth Fund Inc

MDS acquires Stilco shares in VC management firms

MDS Capital Corp has acquired the shares of the Canadian Venture Capital Management Corp (CVCMC) from Stilco Investments Ltd and to become its sole shareholder and operator. MDS also acquired from Stilco all the shares of Medical Discovery Management Corp (MDMC), manager of the Canadian Medical Discoveries Funds I and II. Stilco is controlled by…

Two labour-sponsored funds to get new owners

Fullarton Capital Corp, managers of Capital Alliance Ventures Inc (CAVI). and the Canadian Science and Technology Growth Fund Inc (CSTGF), is negotiating to sell its company to GrowthWorks WV Management Ltd. The merger will give GrowthWorks combined assets of about $800 million, making it the third largest labour sponsored fund manager behind Fonds de solidarité…