Each week, we provide an overview of insider trading, investment in local businesses and news from listed companies.
TrackTik technology changes hands
The American company Trackforce Valiant recently announced the acquisition of the Quebec start-up TrackTik for an undisclosed sum. Founded by Simon Ferragne in 2013, TrackTik offers a cloud-based security guard management solution. The Caisse de depot had invested in the company in 2017 and 2019. With offices in Montreal and London, TrackTik serves 780 customers in 35 countries.
Fiera executive chairman sells
Jean-Guy Desjardins, who has been executive chairman of the board of directors of Fiera Capital since January 1, sold this week nearly $1.3 million worth of shares in the Montreal fund manager he founded in 2003. “The sale was made for estate planning purposes,” Desjardins said in a statement. The businessman retains a large stake in Fiera.
The Fonds de solidarité FTQ invests in 7Gen
Vancouver-based 7 Generation Capital raised $8 million from the Fonds de solidarité FTQ and the German giant Siemens. 7Gen offers installation and rental services for chargers as well as operation, maintenance and rental of electric vehicles.
Novacap buys and sells
The investment firm Novacap, whose head office is in Brossard, announced this week the acquisition of a majority stake in the Ontario company Ratehub.ca, a website that compares financial products such as mortgages, credit cards and insurance. In recent weeks, Novacap has also sold two companies in its portfolio, the Ontario-based Greenwood Mushrooms and the Canadian-American Hallcon.
New shareholders at Lapointe
Belonging to the Ontario firm Altima Dental since 2019, Lapointe Dental Centers has new shareholders. Altima announced this week its merger with BC-based 123Dentist. The combined entity, which will have nearly 350 clinics in Canada, will be owned by Toronto-based investment firm Peloton Capital as well as New York-based KKR and Sentinel Capital.
Cook it raises $5 million
The prepared meals company Cook it announced this week that it had received a $5 million loan from Desjardins Capital. Despite the current difficulties in this sector of activity, Cook it says it has recorded a growth of 4% during its most recent fiscal year. In October, the Fonds FTQ had already loaned $5.5 million to the company. The main shareholders of Cook it are co-founder Judith Fetzer, the Alberta firm District Ventures Capital and Alain Bouchard of Alimentation Couche-Tard.