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Institutional Venture Partners in Paper’s US$100 million Series C financing round

On June 30, 2021, Montreal-based EdTech startup Paper announced it had closed a US$100 million Series C financing led by Institutional Venture Partners (IVP). With the new funding, Paper is looking to continue scaling its offering to support more stakeholders in the education sector, which...

Lead Office: Toronto Date Closed: June 30, 2021 Value: US$100 million

Bank of Montreal in its $15 million credit facility agreements with Royal Canadian Mortgage Investment Corporation and Royal Canadian 1st Mortgage Investment Corporation

On June 30, 2021, Bank of Montreal announced a $10 million credit facility agreement with Royal Canadian Mortgage Investment Corporation and a $5 million credit facility agreement with Royal Canadian 1^st Mortgage Investment Corporation. The Bank of Montreal is a Canadian...

Lead Office: Toronto Date Closed: June 30, 2021 Value: $15 million

Maverix Metals Inc. in its royalty portfolio acquisition from Pan American Silver Corp.

On June 29, 2021, Maverix Metals Inc. announced its acquisition of a portfolio of precious metals royalties from Pan American Silver Corp. Maverix acquired a portfolio of six royalties from Pan American Silver in exchange for 491,071 common shares of Maverix and a cash payment of $7,000,000. This...

Lead Office: Vancouver Date Closed: June 29, 2021 Value: US$10 million

The Syndicate of agents in TELUS Corporation’s $750 million inaugural Sustainability-Linked Bond offering

On June 28, 2021, TELUS Corporation closed its $750 million offering of senior unsecured Sustainability-Linked Series CAF notes maturing in 2031. The notes were offered through a syndicate of agents led by RBC Capital Markets, as Lead Structuring Agent and Joint Bookrunner, and...

Lead Office: Toronto Date Closed: June 28, 2021 Value: $750 million

Alida in its $12.3 million financing

On June 28, 2021, Alida completed its $12.3 million debt financing from Comerica Bank’s technology and life sciences division. The financing will be used to accelerate its new product development-focused growth strategy. Alida will also use the funding as working capital to build on...

Lead Office: Vancouver Date Closed: June 28, 2021 Value: $12.3 million

Dream Industrial REIT in its $800 million debenture offering and inaugural green bond issuance

On June 10, 2021, Dream Industrial REIT priced an $800 million private placement consisting of a $200 million re-opening of the 1.662% Series A Debentures, $200 million Floating Rate Series B Debentures and Green Bonds of $400 million 2.057% Series C Debentures. The Series C Debentures are...

Lead Office: Toronto Date Closed: June 25, 2021 Value: $800 million

Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing

On June 24, 2021, Dream Industrial REIT completed its acquisition of an 8.9 million square foot European logistics portfolio. The transaction consists of an acquisition of shares of a corporation owning a portfolio of 31 institutional logistics properties throughout Europe for $850 million....

Lead Office: Toronto Date Closed: June 24, 2021 Value: $850 million

A+E Networks acquisition of a 35% stake in Reel One Entertainment

On June 24, 2021, Newen announced that A+E Networks had acquired a 35% stake in Newen’s subsidiary, Reel One. This investment will position Reel One to accelerate its growth in production and distribution in North America and expand opportunities to produce further TV content. A+E...

Lead Office: Montreal Date Closed: June 24, 2021 Value: -

Tulip in its US$28 million Series C financing round

On June 24, 2021, Tulip announced it had completed a US$28 million Series C financing round. Arrowroot Capital led the round and was joined by BDC Capital and existing investors. The expansion includes further plans to grow the sales and marketing team, accelerate road map development and increase...

Lead Office: Toronto Date Closed: June 24, 2021 Value: US$28 million

Joyride in its US$3.7 million funding round

On June 23, 2021, Joyride announced it had completed its US$3.7 million funding round led by Proexa Ventures and Urban Innovation Fund. The all-equity funding included participation from Lill Ventures, Eva Lau and Allen Lau through Two Small Fish Ventures, and Craig Miller’s Something...

Lead Office: Toronto Date Closed: June 23, 2021 Value: US$3.7 million