Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for July 2012

The Casket sells

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http://www.thechronicleherald.ca/business/119215-brace-capital-buys-antigonish-weekly-the-casket

Brace Capital of Halifax, owned by Sarah Dennis (of the family that owns the Chronicle Herald newspaper), has acquired the assets of Casket Printing & Publishing, which comprised the 160-year old Antigonish weekly The Casket as well as various commercial printing and flyer operations in northeastern Nova Scotia.  The transaction appears to have been largely driven by the Catholic Church in Antigonish, which is the largest shareholder in the selling company — the church has been selling assets to raise funds for a $15 mil settlement with victims of sexual abuse by priests in the diocese.

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Written by Dan Jennings

July 21, 2012 at 8:53 am

Posted in Announced Transactions

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Halifax startup GoInstant sells

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http://thechronicleherald.ca/business/115321-salesforcecom-to-buy-halifax-startup-goinstant 

Halifax startup GoInstant has sold to Silicon Valley’s Salesforce.com for (reportedly) $70 mil.  GoInstant’s software offering helps customers in different locations surf and share the web together.  Along with several VC funds, the NS government’s Innovacorp was an early-stage investor.

Along with last year’s acquisition of Fredericton-based Radian6 by Salesforce.com, this is another boost for the local IT startup and investor communities.

Written by Dan Jennings

July 10, 2012 at 8:14 am

New role

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fyi … I’ve now joined Raymond Yuill Chartered Accountants, a Nova Scotia firm of business advisors focused on small and mid-market entrepreneurial businesses.

Written by Dan Jennings

July 4, 2012 at 8:16 pm

Posted in CF Musings