Organization: Capital Alliance Ventures Inc

GrowthWorks completes merger of four funds

GrowthWorks has completed its previously announced merger with three other labour-sponsored venture capital funds to create a combined portfolio of more than $800 million in assets. The merged funds are Capital Alliance Ventures Inc, Canadian Science & Technology Growth Fund Inc, GrowthWorks Opportunity Fund Ltd and GrowthWorks Canadian Fund Ltd….

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…

Symagery sells to Psion Teklogix for $4.5 million

Ottawa’s Symagery Microsystems Inc has been purchased by Psion Teklogix, Mississauga, for $4.5 million after receiving at least $30 million in venture capital financing and bridge loans. Symagery was formed in 2001as a spinoff of Orisar Inc (formerly Semiconductor Insights Inc) to develop mobile computing and wireless data applications for original equipment manufacturers serving the…

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…