# Canadian Business Growth Fund (CBGF)

> The Canadian Business Growth Fund (legal name Canadian Business Growth Fund (GP) Inc. and abbreviated as CBGF) provides long-term, patient, minority growth capital to ambitious mid-market Canadian entrepreneurs. Our core mission is to bridge the "patient capital gap" by providing $5M–$20M investments to businesses with $5M–$100M in revenue that are profitable or near-profitable.

Investment Focus & Exclusions: We target 10%–40% minority positions. We strictly exclude startups, real estate, cannabis, crypto, and munitions.

Values: As a Certified B Corp, CBGF is committed to high standards of social and environmental performance. 

Leadership & Team:
CBGF is led by Co-Managing Partners Dale Tingley and Hai Tran-Viet.  The broader investment and portfolio team includes:Kuba Soltysiak (Director): Manages key investment processes, identifies new opportunities, and mentors analysts. Jenny Nguyen (Portfolio Manager): Monitors performance and drives value-creation initiatives within portfolio companies. Jade Bilodeau (Analyst): Conducts research, analyzes new opportunities, and supports portfolio monitoring. Kevan Lo (Associate): Involved in all aspects of the investment process, from research to portfolio support.

Institutional Backers: CBGF is backed by 13 leading financial institutions: BMO Financial Group, CIBC, RBC, Scotiabank, TD Bank Group, National Bank of Canada, HSBC Bank Canada, ATB Financial, Laurentian Bank, Canadian Western Bank, Manulife, Sun Life Financial, and Canada Life.

> The following sections contain indexed content from our website, including Pages, Posts, Porfolio, and FAQs.



## Pages

- [Bilan de l’année 2025](https://cbgf.com/fr/bilan-de-lannee-2025/)
- [Year In Review 2025](https://cbgf.com/year-in-review-2025/)
- [Bilan de l’année 2024](https://cbgf.com/fr/bilan-de-lannee-2024/)
- [Year In Review 2024](https://cbgf.com/year-in-review-2024/)
- [Bilan de l’année 2023](https://cbgf.com/fr/bilan-de-lannee-2023/)
- [Year In Review 2023](https://cbgf.com/year-in-review-2023/)
- [Bilan de l'année 2022](https://cbgf.com/fr/bilan-de-lannee-2022/)
- [Year In Review 2022](https://cbgf.com/year-in-review-2022/)
- [Vidéos de Témoignage](https://cbgf.com/fr/videos-de-temoignage/)
- [Rapports Annuels](https://cbgf.com/fr/rapports-annuels/)
- [Testimonials](https://cbgf.com/testimonials/)
- [Histoire de Corporate](https://cbgf.com/fr/histoire-de-corporate/)
- [Reports](https://cbgf.com/reports/)
- [Bilan de l’année](https://cbgf.com/fr/bilan-de-lannee/)
- [Year In Review](https://cbgf.com/year-in-review/)
- [Corporate History](https://cbgf.com/corporate-history/)
- [À Propos du CBGF](https://cbgf.com/fr/a-propos-du-cbgf/)
- [About](https://cbgf.com/about/)
- [Questions fréquemment posées](https://cbgf.com/fr/questions-frequemment-posees/)
- [Frequently Asked Questions](https://cbgf.com/frequently-asked-questions/)
- [Portefeuille](https://cbgf.com/fr/portefeuille/)
- [Portfolio](https://cbgf.com/portfolio/)
- [D’accueil](https://cbgf.com/fr/)
- [Contactez-Nous](https://cbgf.com/fr/contactez-nous/)
- [L’équipe](https://cbgf.com/fr/lequipe/)
- [Nouvelles & Perspectives](https://cbgf.com/fr/nouvelles-perspectives/)
- [Légal](https://cbgf.com/fr/legal/)
- [Réseau](https://cbgf.com/fr/reseau/)
- [Inscription par courrier électronique](https://cbgf.com/fr/contactez-nous/inscription-par-courrier-electronique/)
- [Home](https://cbgf.com/)
- [Critères D’investissement](https://cbgf.com/fr/investment-criteria/)
- [Notre Approche](https://cbgf.com/fr/notre-approche/)
- [À Propos du CBGF](https://cbgf.com/fr/a-propos-du-fcec/)
- [Legal](https://cbgf.com/legal/)
- [News & Insights](https://cbgf.com/news-insights/)
- [Email Signup](https://cbgf.com/contact/signup/)
- [Contact](https://cbgf.com/contact/)
- [Talent Network](https://cbgf.com/talent-network/)
- [Our Approach](https://cbgf.com/our-approach/)
- [Investment Criteria](https://cbgf.com/investment-criteria/)
- [Team](https://cbgf.com/team/)


## Posts

- [The $10 Million Question: Why Canada's EOT Tax Incentive Should Be Made Permanent](https://cbgf.com/news-insights/why-canadas-eot-tax-incentive-should-be-made-permanent/)
- [How an Equity Partner Makes Employee Ownership Work](https://cbgf.com/news-insights/how-an-equity-partner-makes-employee-ownership-work/)
- [Canada's $2 Trillion Succession Problem Has a Solution Most Business Owners Haven't Heard Of](https://cbgf.com/news-insights/canadas-2-trillion-succession-problem-solution/)
- [Liferaft Acquired by Securitas, Expanding Global Intelligence and Risk Capabilities](https://www.newswire.ca/news-releases/liferaft-acquired-by-securitas-expanding-global-intelligence-and-risk-capabilities-807387041.html)
- [Appficiency Inc. Announces Strategic Investment from Canadian Business Growth Fund to Accelerate Expansion](https://www.businesswire.com/news/home/20260210927346/en/Appficiency-Inc.-Announces-Strategic-Investment-from-Canadian-Business-Growth-Fund-to-Accelerate-Expansion)
- [Securitas to Acquire Liferaft](https://liferaftlabs.com/blog/liferaft-to-be-acquired-by-securitas)
- [The Role of Patient Capital in Sustainable Business Growth](https://cbgf.com/news-insights/the-role-of-patient-capital-in-sustainable-business-growth/)
- [Strategies for Scaling Your Canadian Business with the Right Partner](https://cbgf.com/news-insights/strategies-for-scaling-your-canadian-business-with-the-right-partner/)
- [The Benefits of Minority Partners in Business Expansion](https://cbgf.com/news-insights/the-benefits-of-minority-partners-in-business-expansion/)
- [Felix Health secures $53M in funding to accelerate profitable growth](https://www.newswire.ca/news-releases/felix-health-secures-53m-in-funding-to-accelerate-profitable-growth-856263311.html)
- [How to Prepare Your Business for Growth Capital Investment](https://cbgf.com/news-insights/how-to-prepare-your-business-for-growth-capital-investment/)
- [ChangeMakers Names Stefan Moores as Chief Executive Officer](https://thechangemakers.com/insight/changemakers-names-stefan-moores-as-chief-executive-officer/)
- [Understanding the Canadian Private Equity Landscape](https://cbgf.com/news-insights/understanding-the-canadian-private-equity-landscape/)
- [Minus Waste Solutions Secures Growth Equity Investment from Canada Business Growth Fund](https://www.newswire.ca/news-releases/minus-waste-solutions-secures-growth-equity-investment-from-canada-business-growth-fund-869389983.html)
- [Canadian Fund's Investment in Litco LSO First of Its Kind in Legal Sector](https://www.newswire.ca/news-releases/canadian-fund-s-investment-in-litco-lso-first-of-its-kind-in-legal-sector-833485577.html)
- [The Importance of Long-Term Partnerships in Business Expansion](https://cbgf.com/news-insights/the-importance-of-long-term-partnerships-in-business-expansion/)
- [Amilia Raises $35 Million in Growth Funding to Accelerate Innovation in the Recreation & Membership Management Industry](https://www.amilia.com/newsroom/35m)
- [Understanding Patient Capital for Canadian Entrepreneurs](https://cbgf.com/news-insights/understanding-patient-capital-for-canadian-entrepreneurs/)
- [Specialty Medical Partners Announces Participation in the 2025 Bloom Burton & Co. Healthcare Investor Conference](https://www.specialtymedicalpartners.com/post/2025bloomburton)
- [The Missing Middle: Bridging Canada’s Mid-Market Growth Capital Gap](https://cbgf.com/news-insights/the-missing-middle-bridging-canadas-mid-market-growth-capital-gap/)
- [Navigating Capital Options in the Canadian Market](https://cbgf.com/news-insights/navigating-capital-options-in-the-canadian-market/)
- [Specialty Medical Partners Announces Strategic Partnership with Kingston Heart Clinic.](https://www.specialtymedicalpartners.com/post/khc-partnership)
- [The Role of Private Equity in Supporting Canadian Entrepreneurs](https://cbgf.com/news-insights/the-role-of-private-equity-in-supporting-canadian-entrepreneurs/)
- [Specialty Medical Partners (SMP) Announces Strategic Partnership with Toronto Cardiac Clinic (TCC), Welcoming Dr. Cameron Gilbert as SMP President.](https://www.specialtymedicalpartners.com/post/tcc-partnership)
- [Believeco:Partners Unveils ChangeMakers: A Bold New Brand for a Disruptive World](https://www.newswire.ca/news-releases/believeco-partners-unveils-changemakers-a-bold-new-brand-for-a-disruptive-world-804533736.html)
- [L'équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX](https://cbgf.com/fr/news-insights/cbgf-opens-market-with-tmx-group/)
- [The Obstacles and Opportunities of Being an Entrepreneur in Canada](https://cbgf.com/news-insights/the-obstacles-and-opportunities-of-being-an-entrepreneur-in-canada/)
- [How to Build a Successful Partnership with a Private Equity Firm](https://cbgf.com/news-insights/how-to-build-a-successful-partnership-with-a-private-equity-firm/)
- [CBGF team opened the market with TMX Group](https://cbgf.com/news-insights/cbgf-opens-market-with-tmx-group/)
- [Dale Tingley and Hai Tran-Viet announce their appointment as Co-Managing Partners of the Canadian Business Growth Fund](https://cbgf.com/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/)
- [Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada.](https://cbgf.com/fr/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/)
- [Specialty Medical Partners Announces Partnership with Ottawa Cardiovascular Centre, Orleans](https://www.specialtymedicalpartners.com/post/specialty-medical-partners-announces-partnership-with-ottawa-cardiovascular-centre-orleans)
- [Specialty Medical Partners Announces Partnership with Ottawa Cardiovascular Centre](https://www.specialtymedicalpartners.com/post/specialty-medical-partners-announces-partnership-with-ottawa-cardiovascular-centre)
- [Canadian Business Growth Fund Announces B Corp Certification](https://cbgf.com/news-insights/canadian-business-growth-fund-announces-b-corp-certification/)
- [CBGF annonce sa certification B Corp](https://cbgf.com/fr/news-insights/canadian-business-growth-fund-announces-b-corp-certification/)
- [Busbud Joins Forces with Buson in Brazil, Strengthening Its Leading Position in the Americas](https://www.prnewswire.com/news-releases/busbud-joins-forces-with-buson-in-brazil-strengthening-its-leading-position-in-the-americas-302092320.html)
- [Navigating the Private Equity Life Cycle and How CBGF is Different](https://cbgf.com/news-insights/navigating-the-private-equity-life-cycle-and-how-cbgf-is-different/)
- [Exit Strategies in Private Equity: A Comprehensive Guide](https://cbgf.com/news-insights/exit-strategies-in-private-equity-a-comprehensive-guide/)
- [Minute Media Acquires STN Video to Enhance Premium Sports Content for Distribution Partners and Bolster Video Platform Offerings](https://www.minutemedia.com/post/minute-media-acquires-stn-video-to-enhance-premium-sports-content-for-distribution-partners-and-bolster-video-platform-offerings)
- [How CBGF Can Help Your Business Expand Internationally](https://cbgf.com/news-insights/how-cbgf-can-help-your-business-expand-internationally/)
- [Growth Through Acquisition – CBGF Podcast](https://cbgf.com/news-insights/growth-through-acquisition-cbgf-podcast/)
- [Understanding our Investment Criteria: What the Canadian Business Growth Fund Looks for in Potential Partners](https://cbgf.com/news-insights/understanding-our-investment-criteria/)
- [Fueling Growth: Why the Canadian Business Growth Fund is Essential for Economic Development](https://cbgf.com/news-insights/why-the-cbgf-is-essential-for-economic-development/)
- [Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers Entrepreneurs](https://cbgf.com/news-insights/how-the-canadian-business-growth-fund-empowers-entrepreneurs/)
- [Listen to The Podcast: George Rossolatos, CEO of CBGF, On How to Build Sustainable Growth with a Longer Term Investment Approach](https://cbgf.com/news-insights/listen-to-the-podcast-george-rossolatos-of-cbgf-on-how-to-build-sustainable-growth-with-a-longer-term-investment-approach/)
- [Success Stories: How the Canadian Business Growth Fund Helped Canadian Companies Thrive](https://cbgf.com/news-insights/success-stories/)
- [Using Private Equity to Fund a Merger and Acquisition Strategy](https://cbgf.com/news-insights/using-private-equity-to-fund-merger-and-acquisition-strategy/)
- [Canadian Business Growth Fund takes minority stake in FundThrough](https://www.pehub.com/canadian-business-growth-fund-takes-minority-stake-in-fundthrough/)
- [Canadian Business Growth Fund (CBGF) Celebrates Five Years of Backing Ambitious Entrepreneurs across Canada](https://cbgf.com/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/)
- [Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada](https://cbgf.com/fr/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/)
- [What does CBGF look for in a business?](https://cbgf.com/news-insights/what-does-cbgf-look-for-in-a-business/)
- [Minority Growth Capital for Manufacturers](https://cbgf.com/news-insights/minority-growth-capital-for-manufacturers/)
- [Believeco:Partners Expands Executive Team](https://believecopartners.com/believeco-partners-expands-executive-team/)
- [Felix Raises $18M CDN to Scale On-Demand Treatment for Everyday Health](https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/felix-raises-18m-cdn-to-scale-on-demand-treatment-for-everyday-health)
- [Felix Expands Into More Complex Categories Of Care Following $18 Million Series B](https://betakit.com/felix-expands-into-more-complex-categories-of-care-following-18-million-series-b/)
- [PureFacts Announces Acquisition of Xtiva Financial Systems](https://www.purefacts.com/insights/purefacts-announces-acquisition-of-xtiva-financial-systems)
- [PureFacts Announces Acquisition of Xtiva Financial Systems, Becoming the Most Complete Revenue Management Solution for the Wealth Management Industry](https://www.globenewswire.com/en/news-release/2023/03/30/2637569/0/en/PureFacts-Announces-Acquisition-of-Xtiva-Financial-Systems-Becoming-the-Most-Complete-Revenue-Management-Solution-for-the-Wealth-Management-Industry.html)
- [Canada’s Most Admired CEO™ program 2022: Congratulations Brendan King of Vendasta and Muni Boga of Kudos®](https://cbgf.com/news-insights/canadas-most-admired-ceo-program-2022-congratulations-brendan-king-of-vendasta-and-muni-boga-of-kudos/)
- [How Do You Scale a Product-led Company?](https://cbgf.com/news-insights/how-do-you-scale-a-product-led-company/)
- [What is Expansion Capital, and When Might a Canadian Business Need It?](https://cbgf.com/news-insights/expansion-capital-and-when-might-a-canadian-business-need-it/)
- [Environmental 360 Solutions Inc. Announces Closing of Acquisition by BlackRock Alternatives](https://www.newswire.ca/news-releases/environmental-360-solutions-inc-announces-closing-of-acquisition-by-blackrock-alternatives-871187225.html)
- [What it Takes for Canadian Companies to Scale](https://cbgf.com/news-insights/what-it-takes-for-canadian-companies-to-scale/)
- [What Makes Us Different?](https://cbgf.com/news-insights/what-makes-us-different/)
- [Minority vs. Majority Investment: Choosing the Right Option](https://cbgf.com/news-insights/minority-vs-majority-investment-choosing-the-right-option/)
- [As Demand Booms & Recession Looms, Busbud Acquires Fellow Canadian Travel Tech Startup Betterez](https://betakit.com/as-demand-booms-and-recession-looms-busbud-acquires-fellow-canadian-travel-tech-startup-betterez/)
- [Busbud Merges With Betterez, Gets Funding From Amadeus Ventures](https://www.phocuswire.com/busbud-merge-betterez-funding-from-amadeus-ventures)
- [Arlene Dickinson on her new ad venture: Believeco:Partners](https://the-message.ca/2022/11/04/arlene-dickinson-on-why-she-left-venture-behind-to-start-believecopartners/)
- [Independence at scale: Believeco:Partners is a new vision for North America’s marketing & communications industries](https://www.globenewswire.com/news-release/2022/11/03/2548162/0/en/Independence-at-scale-Believeco-Partners-is-a-new-vision-for-North-America-s-marketing-communications-industries.html)
- [Dragons’ Den star Arlene Dickinson strikes merger deal to create marketing and communications ‘super firm’](https://www.theglobeandmail.com/business/article-arlene-dickinson-merger-believeco-agencies/)
- [What is a Mid-Market Private Equity Investment?](https://cbgf.com/news-insights/what-is-a-mid-market-private-equity-investment/)
- [Vendasta Acquires Yesware To Bring To Market Best-In-Class Sales Engagement Platform](https://www.vendasta.com/newsroom/vendasta-acquires-Yesware/)
- [Why equity investment must be part of post-pandemic recovery](https://cbgf.com/news-insights/equity-investment-as-part-of-post-pandemic-recovery/)
- [Are there different types of private equity firms?](https://cbgf.com/news-insights/are-there-different-types-of-private-equity-firms/)
- [The Importance of Capital in Business](https://cbgf.com/news-insights/the-importance-of-capital-in-business/)
- [Procedureflow closes $11.8 million to scale knowledge management software globally](https://betakit.com/procedureflow-closes-11-8-million-to-scale-knowledge-management-software-globally/)
- [The maker of knowledge-sharing software has onboarded two new investors: Sandpiper ventures and the Canadian Business Growth Fund.](https://entrevestor.com/home/entry/procedureflow-raises-12m?utm_content=216149327&utm_medium=social&utm_source=linkedin&hss_channel=lcp-9425110)
- [ProcedureFlow Raises $11.8 Million Funding Round to Accelerate its Mission of Making Employees Experts Faster](https://procedureflow.com/press/2022-07-26-procedureflow-raises-118-million-funding-round-to-accelerate-its-mission-of-making-employees-experts-faster)
- [What are different investors looking for?](https://cbgf.com/news-insights/what-are-different-investors-looking-for/)
- [Environmental 360 Solutions has acquired Groupe POL Inc. and Revalorisation TPOL Inc. (TPOL)](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-groupe-pol-inc-and-revalorisation-tpol-inc-tpol/)
- [Environmental 360 Solutions has acquired the shares of Apex Environmental Inc. (Apex)](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-the-shares-of-apex-environmental-inc-apex/)
- [Environmental 360 Solutions Acquires The Haz Waste Company Inc](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-the-haz-waste-company-inc/)
- [Amilia secures $30M financing](https://privatecapitaljournal.com/amilia-secures-30m-financing/)
- [Amilia Raises $30 Million to Accelerate the eCommerce Transformation of the Activity and Recreation Industry](https://cbgf.com/news-insights/amilia-raises-30-million-to-accelerate-the-ecommerce-transformation-of-the-activity-and-recreation-industry/)
- [Thirty, Funded, and Thriving: Amilia Receives $30 Million Investment to Broaden Access to Ecommerce for Activities & Recreation](https://www.amilia.com/blog/amilia-receives-30-million-investment-to-broaden-access-to-ecommerce-for-activities-recreation)
- [Amilia reçoit 30 millions de dollars afin d'accélérer la transition vers le commerce électronique dans l'industrie des activités récréatives](https://cbgf.com/fr/news-insights/amilia-recoit-30-millions-de-dollars-afin-daccelerer-la-transition-vers-le-commerce-electronique-dans-lindustrie-des-activites-recreatives/)
- [Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives](https://www.amilia.com/fr/blogue/amilia-financement-de-30-millions-pour-accelerer-le-commerce-electronique-pour-les-activites-communautaires-et-sportives#new_tab)
- [Celtic House Venture Partner Jonathan Graff Joins Liferaft Inc. as CEO](https://betakit.com/celtic-house-venture-partner-jonathan-graff-joins-liferaft-inc-as-ceo/)
- [How to Find the Right Partner: Vetting Prospective Investors](https://cbgf.com/news-insights/finding-the-right-partner-vetting-prospective-investors/)
- [Environmental 360 Solutions Acquires Pompage Sanitaire Mont-Tremblant Inc. and Compostage 2000 Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-pompage-sanitaire-mont-tremblant-inc-and-compostage-2000-inc/)
- [Thoughtworks Acquires Leading Product Development Consultancy, Connected, to Rapidly Accelerate Product-led Design and Engineering](https://cbgf.com/news-insights/thoughtworks-acquires-leading-product-development-consultancy-connected-to-rapidly-accelerate-product-led-design-and-engineering/)
- [What are the Pros and Cons of Running a Private vs. a Public Business?](https://cbgf.com/news-insights/what-are-the-pros-and-cons-of-running-a-private-vs-a-public-business/)
- [Maxsold Raises $16.1 Million to Expand Online Auctioning Platform](https://betakit.com/maxsold-raises-21-1-million-to-expand-online-auctioning-platform/)
- [MaxSold Secures $16.1 Million in Series B Financing to Continue the Digital Transformation of the Auction Industry](https://cbgf.com/news-insights/maxsold-secures-16-1-million-in-series-b-financing/)
- [Environmental 360 Solutions acquires BM Services, Herby Enterprises Limited, and Roztek Ltd.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-bm-services-herby-enterprises-limited-and-roztek-ltd/)
- [Busbud Closes $14 Million CAD, Acquires Recorrido to Fuel Latin American Expansion](https://betakit.com/busbud-closes-14-million-cad-acquires-recorrido-to-fuel-latin-american-expansion/)
- [The Risks of Taking on an Equity Partner](https://cbgf.com/news-insights/the-risks-of-taking-on-an-equity-partner/)
- [Environmental 360 Solutions has acquired Waste Container Services Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-waste-container-services-inc/)
- [Environmental 360 Solutions acquires Whissell Waste Solutions Ltd.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-whissell-waste-solutions-ltd/)
- [Paystone Acquires Canadian Payment Services, Making Paystone Canada’s Largest Bank Independent Payments Provider](https://www.paystone.com/press/paystone-acquires-canadian-payment-services-a-leading-canadian-provider-of-merchant-services)
- [Environmental 360 Solutions Acquires Quik Pick Waste Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-quik-pick-waste-disposal/)
- [Environmental 360 Solutions Acquires One Environmental](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-one-environmental-inc/)
- [Environmental 360 Solutions Acquires Alpine Environmental Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-alpine-environmental-disposal-inc-alpine/)
- [Environmental 360 Solutions Acquires J.T. Industrial Water-Blasting & Vacuum](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-jt-industrial-water-blasting-vacuum-inc/)
- [Environmental 360 Solutions Acquires Cyclone Hydrovac](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-cyclone-hydrovac-ltd/)
- [Government Funding vs Private Equity Funding in Canada](https://cbgf.com/news-insights/government-funding-vs-private-equity-funding-in-canada/)
- [Wealthtech Startup Purefacts Raises $37 Million To Pursue Acquisitions](https://betakit.com/wealthtech-startup-purefacts-raises-37-million-to-pursue-acquisitions/)
- [CBGF Announces 25th Investment](https://cbgf.com/news-insights/cbgf-announces-25th-investment/)
- [Nous célébrons 25 investissements](https://cbgf.com/fr/news-insights/nous-celebrons-25-investissements/)
- [PureFacts Announces the Closing of a $37 Million Financing Round](https://cbgf.com/news-insights/purefacts-announces-the-closing-of-a-37-million-financing-round/)
- [Kudos® Accelerates Market Dominance in Employee Recognition with Announcement of Growth Equity Investment by CBGF](https://cbgf.com/news-insights/kudos-accelerates-market-dominance-in-employee-recognition-with-announcement-of-growth-equity-investment-by-cbgf/)
- [Venture fund invests in local digital learning firm Neovation](https://www.winnipegfreepress.com/business/venture-fund-invests-in-local-digital-learning-firm-neovation-575848142.html)
- [Cold Bore Technology hits major growth milestones as a new industry standard emerges](https://boereport.com/2021/12/01/cold-bore-technology-hits-major-growth-milestones-as-a-new-industry-standard-emerges/)
- [Neovation announces CBGF as a Minority Investor](https://cbgf.com/news-insights/neovation-announces-cbgf-as-a-minority-investor/)
- [Vendasta's Jacqueline Cook recognized as one of Canada's Top 40 Under 40 List for 2021](https://cbgf.com/news-insights/vendastas-jacqueline-cook-recognized-as-one-of-canadas-top-40-under-40-list-for-2021/)
- [What’s the Difference Between Seed, Venture, and Growth Capital?](https://cbgf.com/news-insights/whats-the-difference-between-seed-venture-and-growth-capital/)
- [Environmental 360 Solutions has acquired One Environmental Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-one-environmental-inc/)
- [What Is Patient, Minority Growth Capital?](https://cbgf.com/news-insights/what-is-patient-minority-growth-capital/)
- [Environmental 360 Solutions acquires Le Géant du Conteneur](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-le-geant-du-conteneur/)
- [Environmental 360 Solutions has acquired William Day Construction’s Waste Management Services](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-william-day-constructions-waste-management-services/)
- [Environmental 360 Solutions acquires Riteway Vacuum Service](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-riteway-vacuum-service/)
- [Environmental 360 Solutions has acquired St-Rémi](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-st-remi/)
- [Prodigy Education Expands its Market Leadership in Game-Based Learning to English Language Arts](https://cbgf.com/news-insights/prodigy-education-expands-its-market-leadership-in-game-based-learning-to-english-language-arts/)
- [George Rossolatos Podcast interview on #ViewsfromtheMarket hosted by Mario Nigro of Stikeman Elliott LLP](https://cbgf.com/news-insights/george-rossolatos-podcast-interview-on-viewsfromthemarket-hosted-by-mario-nigro-of-stikeman-elliott-llp/)
- [Paystone Announces the Acquisition of NiceJob, a Leading North American Provider of Reputation Marketing Software for Service Businesses](https://cbgf.com/news-insights/paystone-announces-the-acquisition-of-nicejob-a-leading-north-american-provider-of-reputation-marketing-software-for-service-businesses/)
- [Stephano Group Ltd, family-owned and operated for over 40 years, announces minority investment to support continued growth and expansion](https://cbgf.com/news-insights/stephano-group-ltd-family-owned-and-operated-for-over-40-years-announces-minority-investment-to-support-continued-growth-and-expansion/)
- [Proposify Gains $13 Million Investment](https://cbgf.com/news-insights/proposify-gains-13-million-investment/)
- [Listen to the Podcast: Building an everlasting Evergreen fund with George Rossolatos, CEO of Canadian Business Growth Fund (CBGF)](https://cbgf.com/news-insights/listen-to-the-podcast-building-an-everlasting-evergreen-fund-with-george-rossolatos-ceo-of-canadian-business-growth-fund-cbgf/)
- [ShopperPlus Closes a C$17 Million Equity Financing With Institutional Investors to Fuel Its Ambitious Growth Plans](https://cbgf.com/news-insights/shopperplus-closes-a-c17-million-equity-financing-with-institutional-investors-to-fuel-its-ambitious-growth-plans/)
- [Environmental 360 Solutions Inc. Announces Strategic Investment by Oaktree Capital Management, L.P.](https://cbgf.com/news-insights/environmental-360-solutions-inc-announces-strategic-investment-by-oaktree-capital-management-l-p/)
- [CBGF Announces Follow-On Investment in ThoughtWire](https://cbgf.com/news-insights/cbgf-announces-follow-on-investment-in-thoughtwire/)
- [Le CBGF annonce un investissement de suivi auprès de ThoughtWire](https://cbgf.com/fr/news-insights/le-cbgf-annonce-un-investissement-de-suivi-aupres-de-thoughtwire/)
- [Xello Acquires Leading Career Pathfinding Platform for K-12 and Higher Ed students](https://cbgf.com/news-insights/xello-acquires-leading-career-pathfinding-platform-for-k-12-and-higher-ed-students/)
- [Cold Bore Technology Closes $14M Financing](https://cbgf.com/news-insights/cold-bore-technology-closes-14m-financing/)
- [With 38 open job positions in Canada, Connected secures CBGF investment to fuel rapid growth](https://cbgf.com/news-insights/with-38-open-job-positions-in-canada-connected-secures-cbgf-investment-to-fuel-rapid-growth/)
- [Vendasta announces historic $119.5M round to revolutionize small business technology](https://cbgf.com/news-insights/vendasta-announces-historic-119-5m-round-to-revolutionize-small-business-technology/)
- [Vendasta pulls IPO, raises $120-million from private backers instead](https://cbgf.com/news-insights/vendasta-pulls-ipo-raises-120-million-from-private-backers-instead/)
- [LifeRaft Announces Partnership With Leading Web Isolation Provider, Authentic8](https://cbgf.com/news-insights/liferaft-announces-partnership-with-leading-web-isolation-provider-authentic8/)
- [LifeRaft Announces Follow-on Investment From CBGF](https://cbgf.com/news-insights/liferaft-announces-follow-on-investment-from-cbgf/)
- [Xello Secures Follow-On Investment Round from Canadian Business Growth Fund](https://cbgf.com/news-insights/xello-secures-follow-on-investment-round-from-canadian-business-growth-fund/)
- [Paystone CEO's bold goal: To become London's first $1B business](https://lfpress.com/business/local-business/paystone-aims-to-be-tech-unicorn-londons-first-1b-business-ceo?r)
- [MaxSold Announces Follow-On Equity Investment to Promote Continued Growth](https://cbgf.com/news-insights/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth/)
- [CBGF 2020 Year In Review](https://cbgf.com/news-insights/cbgf-2020-year-in-review/)
- [CBGF Bilan de l’année 2020](https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2020/)
- [Paystone Closes $69 Million Financing Round](https://cbgf.com/news-insights/paystone-closes-69-million-financing-round/)
- [Paystone Secures $69 Million As Company Chases Acquisitive Growth Strategy](https://cbgf.com/news-insights/paystone-secures-69-million-as-company-chases-acquisitive-growth-strategy/)
- [Prodigy Education Raises One of the Largest Series B Rounds in Global EdTech History](https://cbgf.com/news-insights/prodigy-education-raises-one-of-the-largest-series-b-rounds-in-global-edtech-history/)
- [Oakville maker of Prodigy math game to hire 400 after raising $159-million from U.S. private equity](https://cbgf.com/news-insights/oakville-maker-of-prodigy-math-game-to-hire-400-after-raising-159-million-from-u-s-private-equity/)
- [B.C.-based Lift Auto Group receives growth funding to support the continuation of its expansion and acquisition strategy](https://cbgf.com/news-insights/lift-auto-group-receives-growth-funding-expansion/)
- [Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 Million](https://cbgf.com/news-insights/affirm-to-acquire-paybright/)
- [U.S. retail instalment plan financer Affirm buys Canada’s PayBright for $340-million](https://www.theglobeandmail.com/business/article-us-retail-instalment-plan-financer-affirm-buys-canadas-paybright/)
- [CBGF Invests in Halifax’s LifeRaft](http://entrevestor.com/home/entry/cbgf-invests-in-halifaxs-liferaft)
- [Security Intelligence Company Liferaft Secures Equity Financing to Fuel Growth and Expansion](https://www.newswire.ca/news-releases/security-intelligence-company-liferaft-secures-equity-financing-to-fuel-growth-and-expansion-809475603.html)
- [Halifax-based security intelligence company attracts equity financing to fuel growth](https://www.capebretonpost.com/business/local-business/halifax-based-security-intelligence-company-attracts-equity-financing-to-fuel-growth-514102/)
- [Environmental 360 Solutions Inc. (E360S) Announces Strategic Investment by OPTrust](https://www.newswire.ca/news-releases/environmental-360-solutions-inc-e360s-announces-strategic-investment-by-optrust-811014724.html)
- [A Mindful Approach to Entrepreneurship](https://thefutureeconomy.ca/interviews/jason-tafler/)
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- [Bank-backed growth fund makes first Quebec investment in bus booking website](https://financialpost.com/business/bank-backed-growth-fund-makes-first-quebec-investment-in-bus-booking-website)
- [Following COVID-19 layoffs, Busbud looks to evolve business with $15 million Series C](https://betakit.com/following-covid-19-layoffs-busbud-looks-to-evolve-business-with-15-million-series-c/)
- [Busbud obtient un financement de 15 millions de dollars](https://www.lesaffaires.com/techno/technologie-de-l-information/busbud-obtient-un-financement-de-15-millions-de-dollars/620079/#new_tab/)
- [Vancouver's Appnovation Raises $11.6 Million CAD in Series B Financing](https://betakit.com/vancouvers-appnovation-raises-11-6-million-cad-in-series-b-financing/)
- [Watch: The Future Of Canadian Entrepreneurship](https://cbgf.com/news-insights/watch-the-future-of-canadian-entrepreneurship/)
- [Appnovation's Toronto office sees solid growth in last year](https://www.consulting.ca/news/1869/appnovations-toronto-office-sees-solid-growth-in-last-year)
- [ThoughtWire secures investment to drive the growth of Digital Twin Technology](https://blog.thoughtwire.com/news/thoughtwire-secures-investment-to-drive-the-growth-of-digital-twin-technology)
- [Strength in numbers for waste collection](https://www.quintenews.com/2020/07/22/240927/)
- [The BlackNorth Initiative Summit Launches With Commitments From Over 200 Organizations](https://cbgf.com/news-insights/the-blacknorth-initiative-summit-launches-with-commitments-from-over-200-organizations/)
- [Telus buys smartphone repair chain MobileKlinik](https://cbgf.com/news-insights/telus-buys-smartphone-repair-chain-mobileklinik/)
- [Telus a fait l'acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents](https://cbgf.com/fr/news-insights/telus-a-fait-lacquisition-de-mobile-klinik-une-chaine-canadienne-de-magasins-de-reparation-de-telephones-intelligents/)
- [CBGF Celebrates Two-Year Launch Anniversary](https://cbgf.com/news-insights/cbgf-celebrates-two-year-launch-anniversary/)
- [CBGF célèbre son deuxième anniversaire!](https://cbgf.com/fr/news-insights/cbgf-celebre-son-deuxieme-anniversaire/)
- [Bank-backed business growth fund accelerates financing deals during pandemic](https://cbgf.com/news-insights/bank-backed-business-growth-fund-accelerates-financing-deals-during-pandemic/)
- [CBGF, Innovacorp Invest in Proposify](http://entrevestor.com/ac/blog/cbgf-innovacorp-invest-in-proposify)
- [Nova Scotia-based Proposify Receives Investment from Canadian Business Growth Fund](https://cbgf.com/news-insights/nova-scotia-based-proposify-receives-investment-from-canadian-business-growth-fund/)
- [MaxSold, North America’s largest downsizing and estate service platform, secures private sector funding to accelerate growth](https://cbgf.com/news-insights/maxsold-north-americas-largest-downsizing-and-estate-service-platform-secures-private-sector-funding-to-accelerate-growth/)
- [Announcement](https://maxsold.com/)
- [Xello Fuels Mission to Make Every Student Future Ready with Investment from Canadian Business Growth Fund](https://www.prweb.com/releases/xello_fuels_mission_to_make_every_student_future_ready_with_investment_from_canadian_business_growth_fund/prweb17104375.htm)
- [7 Extremely Helpful Apps for Parents at Home With Their Kids](https://www.vogue.com/article/best-apps-websites-parents-home-with-kids)
- [Appnovation working with Ministry of Health in British Columbia on digital solutions to prevent spread of COVID-19 between province wide healthcare facilities](https://www.appnovation.com/news/appnovation-working-ministry-health-british-columbia-digital-solutions-prevent-spread-covid-19#new_tab)
- [Watch the Webinar: Coronavirus - What Every Entrepreneur Needs to Know Right Now](https://cbgf.com/news-insights/watch-the-webinar-coronavirus-what-every-entrepreneur-needs-to-know-right-now/)
- [Qu'est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenant](https://cbgf.com/fr/news-insights/quest-ce-que-le-seminaire-en-ligne-coronavirus-ce-que-tout-entrepreneur-doit-savoir-des-maintenant/)
- [Listen to the Podcast: Patient, Minority Growth Capital for Canadian Companies](https://cbgf.com/news-insights/listen-to-the-podcast-patient-minority-growth-capital-for-canadian-companies/)
- [Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennes](https://cbgf.com/fr/news-insights/ecoutez-le-balado-capitaux-de-croissance-minoritaire-patients-pour-les-entreprises-canadiennes/)
- [CBGF Announces Investment in Environmental 360 Solutions Inc.](https://cbgf.com/news-insights/cbgf-announces-investment-in-environmental-360-solutions-inc/)
- [CBGF annonce un investissement dans Environmental 360 Solutions Inc.](https://cbgf.com/fr/news-insights/cbgf-annonce-un-investissement-dans-environmental-360-solutions-inc/)
- [CBGF 2019 Year in Review](https://cbgf.com/news-insights/cbgf-2019-year-in-review/)
- [CBGF Bilan de l'annee 2019](https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2019/)
- [CBGF Recognized as the 2019 Provider of the Year by the Canadian Private Equity Summit](https://cbgf.com/news-insights/cbgf-recognized-as-the-2019-provider-of-the-year-by-the-canadian-private-equity-summit/)
- [Ottawa Business Journal: 'We need to build more companies over the long term'](https://cbgf.com/news-insights/ottawa-business-journal-we-need-to-build-more-companies-over-the-long-term/)
- [Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises »](https://cbgf.com/fr/news-insights/ottawa-business-journal-a-long-terme-nous-devons-developper-plus-dentreprises/)
- [Vendasta Named One of Canada’s Fastest Growing Companies by Canadian Business and the Globe and Mail](https://cbgf.com/news-insights/vendasta-canadas-fastest-growing-companies/)
- [Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and Mail](https://cbgf.com/fr/news-insights/vendasta-designee-parmi-les-entreprises-a-la-croissance-la-plus-rapide-au-canada-par-le-magazine-canadian-business-et-le-globe-and-mail/)
- [Prodigy Education Recognized as One of Canada’s Top 3 Fastest-Growing Companies by Canadian Business and ranked 65th by the Globe and Mail](https://cbgf.com/news-insights/prodigy-education-recognized-as-one-of-canadas-top-3-fastest-growing-companies/)
- [Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and Mail](https://cbgf.com/fr/news-insights/prodigy-education-est-consideree-comme-etant-lune-des-trois-entreprises-a-la-croissance-la-plus-rapide-au-canada-selon-canadian-business-et-se-classe-au-65e-rang-du-globe-and-mail/)
- [SendtoNews ranked as Canada’s 4th Fastest Growing Company by Canadian Business and recognized by the Globe and Mail as one of Canada’s Top Growing Companies](https://cbgf.com/news-insights/sendtonews-ranked-as-canadas-4th-fastest-growing-company/)
- [SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au Canada](https://cbgf.com/fr/news-insights/sendtonews-sest-classee-au-4e-rang-en-tant-quentreprise-canadienne-a-la-croissance-la-plus-rapide-selon-le-magazine-canadian-business-et-elle-est-reconnue-par-le-globe-and-mail-comme/)
- [Appnovation Has Been Named for the 6th Consecutive Year as One of Canada’s Fastest-Growing Companies by Canadian Business](https://cbgf.com/news-insights/appnovation-6th-consecutive-year-canadas-fastest-growing-companies/)
- [Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutive](https://cbgf.com/fr/news-insights/appnovation-figure-au-palmares-des-entreprises-canadiennes-a-la-croissance-la-plus-rapide-au-canada-pour-la-sixieme-annee-consecutive/)
- [Mobile Klinik is Ranked 9th by Canadian Business Startup 50 List and recognized 12th by the Globe and Mail Report on Business’ Magazine](https://cbgf.com/news-insights/mobile-klinik-ranked-9th-startup-50-list/)
- [Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and Mail](https://cbgf.com/fr/news-insights/mobile-klinik-est-classee-9e-sur-la-liste-startup-50-du-canadian-business-et-12e-par-le-magazine-report-on-business-du-globe-and-mail/)
- [PayBright Raises $34 Million in Growth Equity Financing and Named as One of the Top 50 FinTech Companies in Canada](https://cbgf.com/news-insights/paybright-raises-34-million-in-growth-equity-financing-and-named-top-50-fintech-companies-canada/)
- [PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au Canada](https://cbgf.com/fr/news-insights/paybright-amasse-34-millions-de-dollars-en-financement-par-actions-de-croissance-et-se-classe-parmi-les-50-plus-grandes-entreprises-de-technologies-financieres-au-canada/)
- [Unyte Announces Mike Kessel, CEO of Cleveland Clinic Canada, as the Newly Appointed Chair of the Board](https://cbgf.com/news-insights/unyte-mike-kessel-ceo-of-cleveland-clinic-canada-as-the-newly-appointed-chair-of-the-board/)
- [Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d'administration](https://cbgf.com/fr/news-insights/unyte-annonce-la-nomination-de-mike-kessel-pdg-de-cleveland-clinic-canada-au-poste-de-president-du-conseil-dadministration/)
- [Lift Auto Group Announces their 9th Acquisition to Date](https://cbgf.com/news-insights/lift-auto-group-announces-their-9th-acquisition-to-date/)
- [Lift Auto Group annonce sa 9e acquisition à ce jour](https://cbgf.com/fr/news-insights/lift-auto-group-annonce-sa-9e-acquisition-a-ce-jour/)
- [Listen to the Podcast: How CBGF is Making an Impact in British Columbia](https://cbgf.com/news-insights/listen-to-the-podcast-how-cbgf-is-making-an-impact-in-british-columbia/)
- [SendtoNews ranked as Canadian Business 4th Fastest Growing Company](https://www.sendtonews.com/announcements/2019/09/12/sendtonews-ranked-4th-fastest-growing-growth500-ceo-matthew-watson/#new_tab)
- [PayBright raises $34 million in growth equity financing from goeasy Ltd.](https://www.newswire.ca/news-releases/paybright-raises-34-million-in-growth-equity-financing-from-goeasy-ltd--804496228.html#new_tab)
- [Appnovation Receives C$15 Million in Equity Financing](https://www.newswire.ca/news-releases/appnovation-receives-c-15-million-in-equity-financing-868245565.html#new_tab)
- [Saskatoon software company to hire 365 people after record-breaking $40M cash injection](https://www.cbc.ca/news/canada/saskatchewan/saskatoon-vendasta-record-breaking-venture-capital-hiring-1.5212798#new_tab)
- [Vendasta secures largest-ever venture-capital investment in a Saskatchewan tech company](https://www.theglobeandmail.com/business/article-vendasta-secures-largest-ever-venture-capital-investment-in-a/#new_tab)
- [Vendasta raises $40M in growth capital](https://www.newswire.ca/news-releases/vendasta-raises-40m-in-growth-capital-825008544.html#new_tab)
- [Watch the Webcast: George Rossolatos at the Canadian Club Toronto](https://cbgf.com/news-insights/watch-the-webcast-george-rossolatos-at-the-canadian-club-toronto/)
- [SendtoNews is the biggest sports video service you’ve never heard of](https://www.thestar.com/business/2019/06/18/sendtonews-is-the-biggest-sports-video-service-youve-never-heard-of.html#new_tab)
- [Evergreen fund fills growth capital gap for Canadian entrepreneurs](https://cbgf.com/news-insights/evergreen-fund-fills-growth-capital-gap-for-canadian-entrepreneurs/)
- [Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens.](https://cbgf.com/fr/news-insights/le-fonds-permanent-comble-le-deficit-de-capital-de-croissance-des-entrepreneurs-canadiens/)
- [CBGF Celebrates One-Year since Launch Anniversary](https://cbgf.com/news-insights/cbgf-celebrates-one-year-since-launch-anniversary/)
- [CBGF célèbre le premier anniversaire de son lancement](https://cbgf.com/fr/news-insights/cbgf-celebre-le-premier-anniversaire-de-son-lancement/)
- [Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprises](https://cbgf.com/fr/news-insights/les-entrepreneurs-canadiens-peuvent-evoluer-a-long-terme-sans-renoncer-au-controle-de-leurs-entreprises/)
- [Canadian entrepreneurs can scale up over the long-term without giving up control](https://cbgf.com/news-insights/canadian-entrepreneurs-scale-long-term/)
- [CBGF 2018 Year in Review](https://cbgf.com/news-insights/cbgf-2018-year-in-review/)
- [Bilan de l’année 2018](https://cbgf.com/fr/news-insights/bilan-de-lannee-2018/)
- [Le Fonds de croissance des entreprises canadiennes : Souligner une étape importante](https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-souligner-une-etape-importante/)
- [Canadian Business Growth Fund: Marking a Significant Milestone](https://cbgf.com/news-insights/cbgf-marking-significant-milestone-lift/)
- [Providing Canadian entrepreneurs access to the growth capital they need to scale up](https://cbgf.com/news-insights/canadian-entrepreneurs-growth-capital/)
- [Fournir aux entrepreneurs canadiens l'accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieure](https://cbgf.com/fr/news-insights/fournir-aux-entrepreneurs-canadiens-lacces-au-capital-de-croissance-dont-ils-ont-besoin-pour-passer-a-la-vitesse-superieure/)
- [Canadian Business Growth Fund Selects BC Company for Its First Investment](https://cbgf.com/news-insights/cbgf-selects-bc-company-first-investment/)
- [Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissement](https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-choisit-une-societe-de-la-colombie-britannique-pour-son-premier-investissement/)
- [Private sector is shifting towards supporting scale-ups](https://cbgf.com/news-insights/private-sector-shifting-innovation/)
- [Need to meet: George Rossolatos, CEO, Canadian Business Growth Fund](https://cbgf.com/news-insights/george-rossolatos-canadian-business-growth-fund/)
- [Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprises](https://cbgf.com/fr/news-insights/fonds-de-croissance-des-entreprises-canadiennes-investira-1-milliard-de-dollars-dans-de-petites-entreprises/)
- [Un fonds d'investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprises](https://cbgf.com/fr/news-insights/fonds-dinvestissement-fait-un-pari-de-1-milliard-de-dollars-sur-les-proprietaires-qui-controlent-leurs-entreprises/)
- [Investment fund makes $1-billion bet on owners who control their companies](https://cbgf.com/news-insights/investment-fund-1-billion-bet-owners-control-companies/)
- [Canadian Business Growth Fund to invest $1 billion in small businesses](https://cbgf.com/news-insights/canadian-business-growth-fund-invest-1-billion-small-businesses/)
- [Canadian Business Growth Fund (CBGF) to Drive Expansion and Growth of Mid-Market Canadian Businesses](https://cbgf.com/news-insights/cbgf-drive-expansion-growth-mid-market-canadian-businesses/)
- [Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l'expansion et la croissance des entreprises canadiennes du marché intermédiaire](https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-cbgf-stimulera-lexpansion-et-la-croissance-des-entreprises-canadiennes-du-marche-intermediaire/)
- [Le fonds canadien pour l'expansion des entreprises annonce la nomination d'un directeur général et d'une présidente indépendante](https://cbgf.com/fr/news-insights/le-fonds-canadien-pour-lexpansion-des-entreprises-annonce-la-nomination-dun-directeur-general-et-dune-presidente-independante/)
- [Les banques et les compagnies d'assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollars](https://cbgf.com/fr/news-insights/les-banques-et-les-compagnies-dassurance-annoncent-un-fonds-de-croissance-de-societes-canadiennes-pouvant-atteindre-un-milliard-de-dollars/)
- [Les ministres Morneau et Chagger accueillent favorablement le lancement d'un fonds canadien pour l'expansion des entreprises](https://cbgf.com/fr/news-insights/les-ministres-morneau-et-chagger-accueillent-favorablement-le-lancement-dun-fonds-canadien-pour-lexpansion-des-entreprises/)
- [Canadian Business Growth Fund Announces Chief Executive Officer and Independent Chair](https://cbgf.com/news-insights/canadian-business-growth-fund-announces-chief-executive-officer-and-independent-chair/)
- [New fund to invest up to $1 billion in Canadian Businesses](https://cbgf.com/news-insights/banks-and-insurance-companies-announce-canadian-business-growth-fund-of-up-to-1b/)
- [Ministers Morneau and Chagger Welcome Launch of the Canadian Business Growth Fund](https://cbgf.com/news-insights/ministers-morneau-and-chagger-welcome-launch-of-the-canadian-business-growth-fund/)


## Portfolios

- [Appficiency](https://cbgf.com/fr/portfolio/appficiency/)
- [Appficiency](https://cbgf.com/portfolio/appficiency/)
- [Minus Waste Solutions](https://cbgf.com/fr/portfolio/minus-waste-solutions/)
- [Minus Waste Solutions](https://cbgf.com/portfolio/minus-waste-solutions/)
- [Litco LSO](https://cbgf.com/fr/portfolio/litco-lso/)
- [Litco LSO](https://cbgf.com/portfolio/litco-lso/)
- [Layla Care](https://cbgf.com/portfolio/layla-care/)
- [Layla Care](https://cbgf.com/fr/portfolio/layla-care/)
- [FundThrough](https://cbgf.com/fr/portfolio/fundthrough/)
- [FundThrough](https://cbgf.com/portfolio/fundthrough/)
- [Specialty Medical Partners](https://cbgf.com/fr/portfolio/specialty-medical-partners/)
- [Specialty Medical Partners](https://cbgf.com/portfolio/specialty-medical-partners/)
- [Felix](https://cbgf.com/portfolio/felix/)
- [Felix](https://cbgf.com/fr/portfolio/felix/)
- [ChangeMakers](https://cbgf.com/fr/portfolio/changemakers/)
- [ChangeMakers](https://cbgf.com/portfolio/changemakers/)
- [ProcedureFlow](https://cbgf.com/fr/portfolio/procedureflow/)
- [ProcedureFlow](https://cbgf.com/portfolio/procedureflow/)
- [Amilia](https://cbgf.com/portfolio/amilia/)
- [Amilia](https://cbgf.com/fr/portfolio/amilia/)
- [PureFacts Financial Solutions Inc.](https://cbgf.com/fr/portfolio/purefacts-financial-solutions-inc/)
- [PureFacts Financial Solutions Inc.](https://cbgf.com/portfolio/purefacts-financial-solutions-inc/)
- [Kudos® Inc.](https://cbgf.com/fr/portfolio/kudos-inc/)
- [Kudos® Inc.](https://cbgf.com/portfolio/kudos-inc/)
- [Neovation](https://cbgf.com/portfolio/neovation/)
- [Neovation](https://cbgf.com/fr/portfolio/neovation/)
- [Homestyle Selections LP](https://cbgf.com/fr/portfolio/homestyle-selections-lp/)
- [Homestyle Selections LP](https://cbgf.com/portfolio/homestyle-selections-lp/)
- [Stephano](https://cbgf.com/fr/portfolio/stephano/)
- [Stephano](https://cbgf.com/portfolio/stephano/)
- [ShopperPlus](https://cbgf.com/fr/portfolio/shopperplus/)
- [ShopperPlus](https://cbgf.com/portfolio/shopperplus/)
- [Cold Bore Technology](https://cbgf.com/fr/portfolio/cold-bore-technology/)
- [Cold Bore Technology](https://cbgf.com/portfolio/cold-bore-technology/)
- [Connected](https://cbgf.com/fr/portfolio/connected/)
- [Connected](https://cbgf.com/portfolio/connected/)
- [Paystone](https://cbgf.com/portfolio/paystone/)
- [Paystone](https://cbgf.com/fr/portfolio/paystone/)
- [LifeRaft](https://cbgf.com/fr/portfolio/liferaft/)
- [LifeRaft](https://cbgf.com/portfolio/liferaft/)
- [Busbud](https://cbgf.com/fr/portfolio/busbud/)
- [Busbud](https://cbgf.com/portfolio/busbud/)
- [Librestream](https://cbgf.com/fr/portfolio/librestream/)
- [Librestream](https://cbgf.com/portfolio/librestream/)
- [ThoughtWire](https://cbgf.com/fr/portfolio/thoughtwire/)
- [ThoughtWire](https://cbgf.com/portfolio/thoughtwire/)
- [Proposify](https://cbgf.com/fr/portfolio/proposify/)
- [Proposify](https://cbgf.com/portfolio/proposify/)
- [MaxSold](https://cbgf.com/fr/portfolio/maxsold/)
- [MaxSold](https://cbgf.com/portfolio/maxsold/)
- [Xello](https://cbgf.com/portfolio/xello/)
- [Xello](https://cbgf.com/fr/portfolio/xello/)
- [Environmental 360 Solutions](https://cbgf.com/fr/portfolio/environmental-360-solutions/)
- [Environmental 360 Solutions](https://cbgf.com/portfolio/environmental-360-solutions/)
- [Appnovation](https://cbgf.com/fr/portfolio/appnovation/)
- [Appnovation](https://cbgf.com/portfolio/appnovation/)
- [Vendasta](https://cbgf.com/fr/portfolio/vendasta/)
- [Vendasta](https://cbgf.com/portfolio/vendasta/)
- [STN Video](https://cbgf.com/fr/portfolio/stn-video/)
- [STN Video](https://cbgf.com/portfolio/stn-video/)
- [Unyte](https://cbgf.com/fr/portfolio/unyte/)
- [Prodigy](https://cbgf.com/portfolio/prodigy/)
- [Prodigy](https://cbgf.com/fr/portfolio/prodigy/)
- [Mobile Klinik](https://cbgf.com/portfolio/mobile-klinik/)
- [Mobile Klinik](https://cbgf.com/fr/portfolio/mobile-klinik/)
- [PayBright](https://cbgf.com/portfolio/paybright/)
- [PayBright](https://cbgf.com/fr/portfolio/paybright/)
- [Unyte](https://cbgf.com/portfolio/unyte/)
- [Lift Auto](https://cbgf.com/fr/portfolio/lift-auto/)
- [Lift Auto](https://cbgf.com/portfolio/lift-auto/)


## FAQs

- [Êtes-vous une entité gouvernementale ou une entreprise publique?](https://cbgf.com/fr/news-insights/faq-items/are-you-a-government-entity-or-government-owned/)
- [Combien de temps vous faut-il pour investir?](https://cbgf.com/fr/news-insights/faq-items/how-long-does-it-take-you-to-invest/)
- [Le CBGF participera-t-il à des mobilisations de fonds à des fins secondaires?](https://cbgf.com/fr/news-insights/faq-items/will-cbgf-participate-in-capital-raises-for-secondary-purposes/)
- [Le CBGF participera-t-il aux recapitalisations de bilan?](https://cbgf.com/fr/news-insights/faq-items/will-cbgf-participate-in-balance-sheet-recapitalizations/)
- [Le CBGF investit-il dans des entreprises en démarrage ou dans des entreprises ayant un BAAIIA négatif?](https://cbgf.com/fr/news-insights/faq-items/does-cbgf-invest-in-startups-or-negative-ebitda-businessesdoes-cbgf-invest-in-startups-or-negative-ebitda-businesses/)
- [Vous associez-vous avec d'autres?](https://cbgf.com/fr/news-insights/faq-items/do-you-partner-with-others/)
- [Qu'est-ce que le Réseau de talents du CBGF?](https://cbgf.com/fr/news-insights/faq-items/what-is-cbgf-talent-network/)
- [Quelle est la durée de la période de détention du CBGF?](https://cbgf.com/fr/news-insights/faq-items/how-long-is-cbgfs-holding-period/)
- [Quelle est la taille d’un investissement type de la part du CBGF?](https://cbgf.com/fr/news-insights/faq-items/what-is-cbgfs-typical-investment-size/)
- [Quelles sont les restrictions d’investissement du CBGF?](https://cbgf.com/fr/news-insights/faq-items/what-is-cbgf-restricted-from-investing-in/)
- [QUELS SONT LES SECTEURS D'ACTIVITÉ PRIVILÉGIÉS PAR LE CBGF](https://cbgf.com/fr/news-insights/faq-items/what-industries-does-cbgf-prefer/)
- [Quelle est la structure type du CBGF en matière d’investissements?](https://cbgf.com/fr/news-insights/faq-items/what-is-cbgfs-typical-structure-on-investments/)
- [QUE SIGNIFIE ÊTRE UN PARTENAIRE À VALEUR AJOUTÉE POUR LE CBGF?](https://cbgf.com/fr/news-insights/faq-items/what-does-being-a-value-added-partner-mean-to-cbgf/)
- [Why was CBGF formed?](https://cbgf.com/news-insights/faq-items/why-was-cbgf-formed/)
- [What does being a Value-Added Partner mean to CBGF?](https://cbgf.com/news-insights/faq-items/what-does-being-a-value-added-partner-mean-to-cbgf/)
- [Does CBGF invest in startups or negative EBITDA businesses?](https://cbgf.com/news-insights/faq-items/does-cbgf-invest-in-startups-or-negative-ebitda-businessesdoes-cbgf-invest-in-startups-or-negative-ebitda-businesses/)
- [Will CBGF participate in Balance Sheet Recapitalizations?](https://cbgf.com/news-insights/faq-items/will-cbgf-participate-in-balance-sheet-recapitalizations/)
- [Will CBGF participate in capital raises for Secondary purposes?](https://cbgf.com/news-insights/faq-items/will-cbgf-participate-in-capital-raises-for-secondary-purposes/)
- [What is CBGF’s typical Investment Size?](https://cbgf.com/news-insights/faq-items/what-is-cbgfs-typical-investment-size/)
- [Are you a Government entity, or Government owned?](https://cbgf.com/news-insights/faq-items/are-you-a-government-entity-or-government-owned/)
- [What is the CBGF Talent Network?](https://cbgf.com/news-insights/faq-items/what-is-cbgf-talent-network/)
- [Do you partner with others?](https://cbgf.com/news-insights/faq-items/do-you-partner-with-others/)
- [How long does it take you to invest?](https://cbgf.com/news-insights/faq-items/how-long-does-it-take-you-to-invest/)
- [How long is CBGF’s holding period?](https://cbgf.com/news-insights/faq-items/how-long-is-cbgfs-holding-period/)
- [What industries does CBGF prefer?](https://cbgf.com/news-insights/faq-items/what-industries-does-cbgf-prefer/)
- [What is CBGF’s typical structure on investments?](https://cbgf.com/news-insights/faq-items/what-is-cbgfs-typical-structure-on-investments/)
- [What is CBGF restricted from investing in?](https://cbgf.com/news-insights/faq-items/what-is-cbgf-restricted-from-investing-in/)
- [Pourquoi le CBGF a-t-il été formé?](https://cbgf.com/fr/news-insights/faq-items/why-was-cbgf-formed/)

#
# Detailed Content


## Pages

- Published: 2026-01-30
- Modified: 2026-01-30
- URL: https://cbgf.com/fr/bilan-de-lannee-2025/

Lettre de nos associés co-gestionnaires : Acceptez le changement, maintenez le capDale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES « Notre portefeuille d’investissements est solide, l’intérêt des entreprises canadiennes en forte croissance s’accroît et le besoin de capitaux minoritaires patients pour la croissance des entreprises canadiennes n’a jamais été aussi évident. Quels que soient les changements survenant dans le contexte économique, politique ou technologique, notre approche demeure inchangée: maintenir la discipline, maintenir le soutien et rester concentrés sur la création de valeur à long terme. »« Notre portefeuille d’investissements est solide, l’intérêt des entreprises canadiennes en forte croissance s’accroît et le besoin de capitaux minoritaires patients pour la croissance des entreprises canadiennes n’a jamais été aussi évident. Quels que soient les changements survenant dans le contexte économique, politique ou technologique, notre approche demeure inchangée: maintenir la discipline, maintenir le soutien et rester concentrés sur la création de valeur à long terme. » Dans un monde où le rythme du changement s'accélère, la stabilité et l'engagement envers une vision à long terme sont des atouts précieux. Nous croyons que la réussite entrepreneuriale exige de prendre conscience des conditions changeantes sur le terrain et de s'y adapter, tout en restant concentré sur le plan à long terme sur lequel l'entreprise a été fondée. Nos meilleurs partenaires ne réagissent pas à la volatilité par la volatilité. Ils répondent plutôt par une série d'ajustements réfléchis, et non par des changements brusques et radicaux pour suivre la dernière tendance. Le CBGF a abordé l'année 2025 avec optimisme, convaincu que l'économie et l'environnement d'investissement s'amélioreraient par rapport à 2024. De nombreux entrepreneurs canadiens étaient à la recherche de capitaux de croissance au quatrième trimestre de 2024, parce qu’ils étaient convaincus que le pire de la récession économique et du ralentissement des marchés financiers était derrière nous. Puis la menace des droits de douane a commencé, suivie par l'expérience (en dents de scie) de l'application, de l'augmentation, de la diminution, de la nouvelle augmentation et de la suppression des droits de douane pendant la négociation des accords commerciaux. Comme nous nous en souvenons tous, le premier semestre de 2025 a été marqué par des changements et une incertitude sans précédent. Tout sentiment d'optimisme a rapidement fait place à un sentiment global d'incertitude et à une érosion de la confiance. Par conséquent, de nombreux entrepreneurs ont été incités à adopter une attitude attentiste, en particulier les entreprises fortement exposées aux exportations vers les États-Unis. Certaines entreprises ont adopté un point de vue différent. Bien que pleinement conscientes de l'environnement incertain et des risques potentiels pour leurs activités, elles ont décidé de saisir l'occasion qui s'offrait à elles, de poursuivre leurs projets, de lever des capitaux et de gérer les risques au fur et à mesure. La confiance en leur vision, leur équipe et leur potentiel leur a donné la conviction de voir grand. En 2025, nous avons établi des partenariats avec trois entreprises de ce type : Layla Care, Litco LSO et Minus Waste Solutions. Chacune de ces entreprises représente le type d'entreprise canadienne dirigée par son fondateur avec lequel nous sommes fiers de nous associer : innovante, axée sur des valeurs et déterminée à bâtir des entreprises importantes (voir chefs de file) au sein de leur industrie. Ces investissements renforcent notre portefeuille et élargissent l'impact que nous souhaitons avoir sur l'écosystème entrepreneurial canadien. Dans l'ensemble de notre portefeuille, nous avons vu les fondateurs gérer une année difficile avec détermination. La croissance a été plus difficile et plus coûteuse à réaliser en 2025, mais bon nombre des entreprises de notre portefeuille se sont appuyées sur leurs activités pour trouver une meilleure solution, en cherchant à tirer parti de l'IA, en accélérant le recrutement et le développement de produits, et même en testant le marché des fusions et des acquisitions. Grâce à cela, le CBGF a continué à soutenir son portefeuille avec des capitaux supplémentaires et une création de valeur concrète. Cette approche garantit à nos partenaires les ressources et le soutien dont ils ont besoin pour saisir les occasions, constituer des équipes performantes et mettre en place leurs plans. 2025 n'a pas été une année facile, mais nos partenaires ont fait preuve d'une résilience et d'une capacité de progression remarquables, animés par leur conviction et leur volonté de réussir. Nous sommes fiers de travailler à leurs côtés. 2025 a également été une année marquante pour notre équipe incroyable et talentueuse chez CBGF. Nous avons eu l'honneur de recevoir le prix Canada's Most Admired™ Corporate Culture Award, décerné par Waterstone Human Capital, et d'obtenir la recertification B Corp. Ces prix témoignent des valeurs sur lesquelles CBGF a été fondé. Cette reconnaissance reflète le dévouement de notre équipe, la confiance de nos partenaires et la culture de collaboration et d'intégrité qui guide toutes nos actions. Alors que nous poursuivons notre propre croissance, le CBGF s'engage à préserver les principes qui lui ont valu cette distinction tout en continuant à évoluer en tant qu'organisation. Au fur et à mesure que l'année 2025 avançait, le monde s'est installé dans un schéma de moindre volatilité, voire de stabilité. Les taux d'intérêt ont commencé à baisser, l'inflation a continué à ralentir et les marchés boursiers ont continué à atteindre de nouveaux sommets. Ces développements ont contribué à restaurer la confiance et ont relancé l'activité dans les domaines des actions, des prêts et des fusions-acquisitions. Le CBGF a terminé une année 2025 mouvementée en meilleure posture qu'au début. Notre équipe est solide et passionnée par notre mission, notre portefeuille regorge d'entrepreneurs dévoués et talentueux qui obtiennent de bons résultats, et le monde est prêt à « reprendre ses activités » après une année 2025 volatile et un ralentissement prolongé des marchés privés. Dans ce contexte, nous abordons 2026 avec un optimisme prudent. Dans un avenir prévisible, le monde n'est qu'à une annonce d'une nouvelle vague d'incertitude, mais les indicateurs avancés pour les activités du CBGF sont encourageants. Notre pipeline d'investissements est solide, l'intérêt des entreprises canadiennes en phase de croissance est en hausse et le besoin de capitaux de croissance minoritaires patients pour les entreprises canadiennes n'a jamais été aussi évident. Quels que soient les changements qui surviennent dans le paysage économique, politique ou technologique, notre approche reste la même : rester disciplinés, continuer à soutenir et rester concentrés sur la création de valeur à long terme. À nos entreprises en portefeuille, à nos partenaires et aux entrepreneurs qui continuent de nous inspirer, merci. Votre ambition alimente notre objectif, et votre passion et votre créativité renforcent l'économie canadienne. Voici une nouvelle année de développement, d'expansion et de prospérité, ensemble. LIRE LE RAPPORT COMPLETLe résumé des investissements en 2025Remarque : Tous les chiffons sont en date du 31 décembre 2025. En 2025, le CBGF a déployé 45,6 millions $ en capital, investissant dans de nouveaux partenariats et dans notre portefeuille existant. L’équipe du CBGF se concentre sur la réussite continue des entreprises de notre portefeuille, réalisant six investissements de suivi au cours de l’année. De plus, nous avons ajouté trois nouveaux partenariats, portant à 34 le nombre total d’entreprises canadiennes en croissance dans lesquelles nous avons investi depuis notre création. Le CBGF s’est également retiré de Librestream. Nous remercions tous nos actionnaires, partenaires et conseillers pour leur soutien qui a contribué à notre succès continu l’année dernière. Les points saillants de 2025Remarque : Les points saillants de l'investissement ci-après se situent entre le 1er janvier 2025 et le 31 décembre 2025. JANVIER 2025 1er trimestre de 2025 Le CBGF a investi dans Layla Care Réalisation de trois investissements de suivi 2e trimestre de 2025 Le CBGF a investi dans Litco LSO Le CBGF a investi dans Minus Waste Solutions Réalisation de deux investissements de suivi 3e trimestre de 2025 Réalisation d’un investissement de suivi Sortie de sa 7e société en portefeuille, Librestream Le CBGF a obtenu le renouvellement de sa certification B Corp 4e trimestre de 2025 Le CBGF remporte le prix Canada’s Most Admired™ Corporate Cultures Award DÉCEMBRE 2025 L’impact du CBGF depuis sa créationRemarque : Tous les chiffres sont en date du 31 décembre 2025. Depuis sa création, le CBGF a investi plus de 435 millions $. Nous avons soutenu au total 34 entreprises canadiennes en pleine croissance dont le siège social est situé dans huit de nos provinces. Nos entreprises emploient plus de 9 000 personnes dans le monde, dont 7 896 au Canada. De plus, le CBGF a réalisé sept investissements à ce jour, ce qui lui a permis de réinvestir le produit de ces sorties afin de soutenir son mandat permanent. De plus, le CBGF a réalisé 54 transactions de suivi, continuant ainsi à soutenir les entreprises de son portefeuille en leur fournissant les capitaux et l’expertise nécessaires. Depuis nos investissements initiaux, les entreprises de notre portefeuille ont créé plus de 5 077 nouveaux emplois dans le monde (soit une croissance totale du portefeuille de 55 %), dont 4 186 au Canada. Le CBGF continue d’avoir un impact positif sur l’économie canadienne, et nous espérons poursuivre cette tendance en 2026 et dans les années à venir. Plus de 0En capital investi depuis le début0Employés dans le monde entier0Emplois créés au Canada 0Entreprises soutenues0Suivis0Sorties Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus Year in Review Read the full 2025 Year in Review today! DOWNLOAD REPORT 2025


- Published: 2026-01-28
- Modified: 2026-01-30
- URL: https://cbgf.com/year-in-review-2025/

Letter From the Co-Managing Partners: Embrace Change, Stay the CourseDale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS “Our investment pipeline is robust, interest from Canadian-scale-ups is growing, and the need for patient minority growth capital for Canadian companies has never been clearer. Whatever changes arise in the economic, political, or technological landscape, our approach remains consistent: stay disciplined, stay supportive, and stay focused on creating long-term value. ”“Our investment pipeline is robust, interest from Canadian-scale-ups is growing, and the need for patient minority growth capital for Canadian companies has never been clearer. Whatever changes arise in the economic, political, or technological landscape, our approach remains consistent: stay disciplined, stay supportive, and stay focused on creating long-term value. ” In a world where the rate of change is accelerating, there is power in stability and commitment to a long-term vision. We believe that entrepreneurial success requires awareness of and adapting to changing conditions on the field but remaining focused on the long-term plan that a business was built around. Our best partners do not react to volatility with volatility. Instead, they respond through a series of thoughtful adjustments – not with sudden, hard pivots toward the latest trend. CBGF entered 2025 with optimism that the economy and investment environment would improve relative to 2024. Many Canadian entrepreneurs were seeking growth capital in Q4 2024, as they were feeling confident that the worst of the economic and capital market downturn was behind us. Then the threat of tariffs began, followed by the (rollercoaster) experience of actual tariffs being turned on, increased, decreased, increased again, and turned off while trade deals were negotiated. As we all remember, the first half of 2025 was a time of unprecedented change and uncertainty. Any feelings of optimism were quickly replaced with a general sense of uncertainty and an erosion of confidence. This caused many entrepreneurs to take a ‘wait and see’ approach, especially companies with meaningful exposure to U. S. exports. Some companies took a different view. While fully aware of the uncertain environment and potential risks to their business, their window of opportunity was open, and they decided to push forward with their plans, raise capital, and manage the risks along the way. Belief in their vision, team, and potential gave them the conviction to think big. We partnered with three such companies in 2025: Layla Care, Litco LSO, and Minus Waste Solutions. Each of these companies represents the type of founder-led Canadian business we are proud to partner with – innovative, values-driven, and committed to building important (if not leading) companies within their industry. These investments strengthen our portfolio and broaden the impact we aim to have across Canada’s entrepreneurial ecosystem. Across our portfolio, we saw founders manage a challenging year with determination. Growth was more challenging and expensive to achieve in 2025, but many of our portfolio companies leaned into their business to find a better way – figuring out how to leverage AI, accelerating hiring and product development, and even testing the market on M&A. And through this, CBGF continued to support the portfolio with follow-on capital and hands-on value creation. This approach ensures our partners have the resources and support they need to seize opportunities, to build great teams, and to execute on their plans. 2025 was not an easy year; our partners showed tremendous resilience and progress, fueled by belief in their mission and a desire to win. We are proud to be working alongside them. 2025 was also a milestone year for our incredible and talented team at CBGF. We were honoured to be recognized with Canada’s Most Admired™ Corporate Culture Award, presented by Waterstone Human Capital, and achieved our B Corp recertification. This is a testament to the values that CBGF was built on. This recognition reflects the dedication of our team, the trust of our partners, and the culture of collaboration and integrity that guides everything we do. As we continue our own growth story, CBGF is committed to preserving the principles that earned this distinction while continuing to evolve as an organization. As the year 2025 progressed, the world settled into a pattern of lower volatility, if not a sense of stability. Interest rates began to trend downward, inflation continued to ease, and the equity markets continued to reach new highs. These developments helped to restore confidence and sparked renewed activity in equity, lending, and M&A. CBGF exited an eventful 2025 even better than we began. Our team is strong and passionate about our mission, our portfolio is full of dedicated, talented entrepreneurs who are performing well, and the world is ready to get ‘back to business’ after a volatile 2025 and a prolonged private markets slowdown. With this backdrop, we enter 2026 with cautious optimism. For the foreseeable future, the world is one announcement away from another round of uncertainty, but the leading indicators for CBGF’s business are encouraging. Our investment pipeline is robust, interest from Canadian-scale-ups is growing, and the need for patient minority growth capital for Canadian companies has never been clearer. Whatever changes arise in the economic, political, or technological landscape, our approach remains consistent: stay disciplined, stay supportive, and stay focused on creating long-term value. To our portfolio companies, our partners, and the entrepreneurs who continue to inspire us – thank you. Your ambition fuels our purpose, and your passion and creativity strengthen the Canadian economy. Here’s to another year of building, scaling, and thriving – together. READ THE FULL REPORT2025 Investment SummaryNote: All numbers are as at December 31, 2025 In 2025, CBGF deployed $45. 6 million in capital, investing in new partnerships and our existing portfolio. The CBGF team focuses on the continued success of our portfolio companies, completing six follow-on investments in the year. In addition, we added three new partnerships, bringing the total number of growing Canadian companies we have invested in since inception to 34. CBGF also exited Librestream. Thank you to all of our stakeholders, partners, and advisors for supporting our continued success last year. 2025 HighlightsNote: Investment highlights below are between Jan 1, 2025 and Dec 31, 2025 JANUARY 2025 Q1 2025 CBGF invested in Layla Care Completed three follow-on investments Q2 2025 CBGF invested in Litco LSO CBGF invested in Minus Waste Solutions Completed two follow-on investments Q3 2025 Completed one follow-on investment Exited its 7th portfolio company, Librestream CBGF completed its B Corp Recertification Q4 2025 CBGF awarded with Canada’s Most Admired™ Corporate Cultures Award DECEMBER 2025 CBGF’s Impact Since InceptionNote: All numbers are as at December 31, 2025 CBGF has invested over $435 million since our inception. We have backed a total of 34 growing Canadian companies with headquarters in eight provinces. Our companies employ over 9,000 people globally, of which 7,896 are based in Canada. In addition, CBGF has exited seven investments to date, allowing the Fund to reinvest its exit proceeds to support CBGF’s evergreen mandate. In addition, CBGF has completed 54 follow-on transactions, continuing to support our portfolio companies with the capital and expertise needed along the way. Since our initial investments, our portfolio companies have created over 5,077 new jobs globally (55% total portfolio growth), with 4,186 of those jobs in Canada. CBGF is continuing to make a positive impact on Canada’s economy, and we hope to continue this trend into 2026 and the years to come. Over $0Capital invested since inception0Employees backed globally0Jobs created in Canada0Companies backed0Follow-ons0Exits Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more Year in Review Read the full 2025 Year in Review today! DOWNLOAD REPORT 2025


- Published: 2025-01-28
- Modified: 2025-04-25
- URL: https://cbgf.com/fr/bilan-de-lannee-2024/

Lettre de nos associés co-gestionnaires : Accepter les changementsDale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES « Au milieu de toutes ces incertitudes, une constante s’est imposée: l’esprit d’entreprise inébranlable des entreprises de notre portefeuille. Malgré les défis économiques et commerciaux, ces entreprises ont trouvé les moyens de s’adapter, d’innover et de persévérer. Pour les entreprises en expansion, la survie et la réussite ne sont pas facultatives, elles sont impératives. Tout au long de l’année, le CBGF est resté ferme dans son engagement à soutenir les entreprises de son portefeuille, qu’elles soient confrontées à des défisou qu’elles dépassent les attentes. »« Au milieu de toutes ces incertitudes, une constante s’est imposée: l’esprit d’entreprise inébranlable des entreprises de notre portefeuille. Malgré les défis économiques et commerciaux, ces entreprises ont trouvé les moyens de s’adapter, d’innover et de persévérer. Pour les entreprises en expansion, la survie et la réussite ne sont pas facultatives, elles sont impératives. Tout au long de l’année, le CBGF est resté ferme dans son engagement à soutenir les entreprises de son portefeuille, qu’elles soient confrontées à des défisou qu’elles dépassent les attentes. » Dans la vie comme en affaires, le changement n'est pas seulement inévitable, il est essentiel à la croissance. Chez CBGF, nous pensons que la réussite vient lorsque nous acceptons les changements et y répondons avec agilité. La façon dont nous et nos associés naviguons dans un paysage en évolution est ce qui détermine les résultats des bons et regrettables. Dans ce contexte, 2024 a indéniablement été une année de transformation - pour le CBGF, l'économie au sens large et les marchés financiers. Chez CBGF, nous avons marqué une transition importante lorsque notre associé fondateur et PDG, George Rossolatos, est parti à la poursuite de son prochain grand projet. Cette transition a ouvert un nouveau chapitre pour notre organisation, puisque nous avons pris les fonctions d’associés co-gestionnaires. Nous sommes très honorés de mener le CBGF vers sa prochaine phase de croissance. Ce changement nous a donné l'occasion de reconstruire notre équipe, en recrutant d'autres personnes talentueuses qui contribuent à façonner l'avenir du CBGF. Sur le plan économique, 2024 a offert des signaux mitigés. Les taux d'intérêt et l'inflation ont commencé à baisser, apportant des signes d'optimisme sur les marchés des prêts, des actions et des fusions-acquisitions. Cependant, les entreprises sont restées prudentes, retardant les dépenses importantes en matière d'embauche, de technologie ou d'investissement. Bien que les rendements économiques se soient améliorés, il n'est pas certain qu'il s'agisse du début d'une croissance soutenue ou d'un répit temporaire dans une tendance plus longue de ralentissement de l'expansion. Au milieu de toutes ces incertitudes, une constante s'est imposée : l'esprit d'entreprise inébranlable des entreprises de notre portefeuille. Malgré les défis économiques et commerciaux, ces entreprises ont trouvé les moyens de s'adapter, d'innover et de persévérer. Pour les entreprises en expansion, la survie et la réussite ne sont pas facultatives, elles sont impératives. Tout au long de l'année, le CBGF est resté ferme dans son engagement à soutenir les entreprises de son portefeuille, qu'elles soient confrontées à des défis ou qu'elles dépassent les attentes. 2024 a également marqué une période unique dans notre stratégie d'investissement. Pour la première fois, le CBGF n'a pas ajouté de nouvelles entreprises à son portefeuille, malgré le fait que le CBGF dispose toujours d'un capital important pour soutenir les ambitieuses entreprises canadiennes à grande échelle. Bien que nous ayons évalué de nombreuses possibilités en 2024, comme certains de nos pairs du capital-investissement, nous avons constaté que le profil risque/récompense des nouveaux investissements ne répondait pas à nos normes, et nous avons choisi de rester disciplinés. Plutôt, nous avons renforcé notre portefeuille existant, en apportant à la fois un soutien à valeur ajoutée et des capitaux supplémentaires. Nous nous sommes notamment retirés avec succès de notre investissement dans PureFacts et nous avons investi 14,8 millions $ dans les entreprises de notre portefeuille. Les autres entreprises de notre portefeuille sont maintenant bien positionnées pour tirer parti des possibilités futures, quel que soit l'environnement macroéconomique. À l'aube de 2025, l'horizon présente de nouvelles incertitudes : des changements dans le leadership politique canadien, des changements dans le régime tarifaire américain, un dollar canadien faible et d'autres défis imprévus qui pourraient survenir. Quoi que cette année nous réserve, le CBGF et les entreprises de son portefeuille sont prêts. Nous nous adapterons, nous recalibrerons et nous nous rapprocherons de nos objectifs. Après six années passées à naviguer dans la volatilité depuis que nous avons lancé le CBGF en 2018, l'agilité est devenue une seconde nature. L'équipe de CBGF est énergisée par les possibilités à venir et confiante dans la résilience de nos associés, de notre équipe et des entrepreneurs canadiens. Notre pipeline d'investissement actuel est solide, et nous sommes optimistes que 2025 sera une année solide à la fois pour les nouveaux investissements et les entreprises de notre portefeuille. Nous nous réjouissons de cette nouvelle année de travail en commun, non seulement pour survivre, mais aussi pour prospérer face au changement. Nous apprécions votre partenariat permanent et vous remercions de votre appui soutenu. Nous vous prions d’agréer nos sincères salutations. Dale Tingley et Hai Tran-Viet LIRE LE RAPPORT COMPLETLe résumé des investissements en 2024Remarque : Tous les chiffons sont en date du 31 décembre 2024. En 2024, le CBGF a déployé 14,8 millions $ de capital et a réalisé 7 investissements de suivi, soutenant le partenariat à long terme que nous avons créé avec nos sociétés de portefeuille existantes. En 2024, le CBGF s’est également retiré de deux sociétés du portefeuille, PureFacts et MaxSold. Les points saillants de 2024Remarque : Les points saillants de l'investissement ci-après se situent entre le 1er janvier 2024 et le 31 décembre 2024. JANVIER 2024 1er trimestre de 2024 Réalisation de deux investissements de suivi Sortie de la cinquième société de son portefeuille, MaxSold 2e trimestre de 2024 Réalisation de trois investissements de suivi 3e trimestre de 2024 Réalisation de deux investissements de suivi Sortie de la sixième société de son portefeuille, PureFacts Financial Solutions Annonce de la nomination de Dale Tingley et Hai Tran-Viet en tant qu’associé co-gestionnaires Organisation de son premier dîner des chefs d'entreprise du portefeuille à Toronto 4e trimestre de 2024 Célébration de son nouveau chapitre avec Dale et Hai à la barre en ouvrant le marché avec le Groupe TMX DÉCEMBRE 2024 L’impact du CBGF depuis sa créationRemarque : Tous les chiffres sont en date du 31 décembre 2024. Le CBGF a investi plus de 390 millions $ depuis sa création. Nous avons soutenu un total de 31 entreprises canadiennes en croissance dont les sièges sociaux sont situés dans huit provinces. Nos entreprises emploient plus de 8 000 personnes dans le monde, dont 7 072 au Canada. De plus, le CBGF s'est retiré de six investissements à ce jour, ce qui a permis au Fonds de réinvestir le produit de sa sortie pour soutenir le mandat permanent du CBGF. De plus, le CBGF a réalisé 48 transactions de suivi, continuant à soutenir les entreprises de son portefeuille en leur apportant le capital et l'expertise dont elles ont besoin tout au long de leur parcours. Depuis nos investissements initiaux, les entreprises de notre portefeuille ont créé plus de 4 459 nouveaux emplois dans le monde (65 % de la croissance totale du portefeuille), dont 3 606 au Canada. Le CBGF continue d'avoir un effet positif sur l'économie canadienne et nous espérons poursuivre cette tendance en 2025 et dans les années à venir. Plus de 0En capital investi depuis le début0Employés dans le monde entier0Emplois créés au Canada 0Entreprises soutenues0Suivis0Sorties Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus Year in Review Read the full 2024 Year in Review today! DOWNLOAD REPORT 2024


- Published: 2025-01-24
- Modified: 2025-01-29
- URL: https://cbgf.com/year-in-review-2024/

Letter From the Co-Managing Partners: Embracing ChangeDale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS “Amid all this uncertainty, one constant stood out: the unyielding entrepreneurial spirit of our portfolio companies. Despite market and economic challenges, these businesses found ways to adapt, innovate, and persevere. For scaling companies, survival and success are not optional—they’re imperative. Throughout the year, CBGF remained steadfast in our commitment to support our portfolio companies, whether they faced challenges or exceeded expectations. ”“Amid all this uncertainty, one constant stood out: the unyielding entrepreneurial spirit of our portfolio companies. Despite market and economic challenges, these businesses found ways to adapt, innovate, and persevere. For scaling companies, survival and success are not optional—they’re imperative. Throughout the year, CBGF remained steadfast in our commitment to support our portfolio companies, whether they faced challenges or exceeded expectations. ” In life and business, change is not just inevitable—it’s essential for growth. At CBGF, we believe success comes from embracing change and responding with agility. How we and our partners navigate an evolving landscape is what determines great outcomes from good and regrettable ones. Against that backdrop, 2024 was undeniably a year of transformation—for CBGF, the broader economy, and financial markets. At CBGF, we marked a significant transition as our founding Partner and CEO, George Rossolatos, moved on to pursue his next big project. This transition ushered in a new chapter for our organization, as we stepped into the roles of Co-Managing Partners. We are deeply honoured to lead CBGF into its next phase of growth. With this change came an opportunity to rebuild our team, bringing in other talented individuals who are helping shape the future of CBGF. In the economy, 2024 offered mixed signals. Interest rates and inflation began to ease, bringing early signs of optimism to the lending, equity, and M&A markets. Yet, companies remained cautious, delaying major spending on hiring, technology, or capital expenditures. While economic performance improved, it remains unclear whether this marks the start of sustained growth or a temporary reprieve in a longer trend of slower expansion. Amid all this uncertainty, one constant stood out: the unyielding entrepreneurial spirit of our portfolio companies. Despite market and economic challenges, these businesses found ways to adapt, innovate, and persevere. For scaling companies, survival and success are not optional—they’re imperative. Throughout the year, CBGF remained steadfast in our commitment to support our portfolio companies, whether they faced challenges or exceeded expectations. 2024 also marked a unique period in our investment strategy. For the first time, CBGF did not add any new companies to its portfolio, despite the fact that CBGF still has significant capital available to support ambitious Canadian scale-ups. While we evaluated many opportunities in 2024, like some of our private equity peers, we found that the risk/reward profile of new investments did not meet our standards, and we chose to remain disciplined. Instead, we doubled down on our existing portfolio, providing both value-added support and additional capital. Notably, we successfully exited our investment in PureFacts and invested $14. 8 million into our portfolio companies. Our remaining portfolio businesses are now well-positioned to capitalize on future opportunities, whatever the macroeconomic environment may bring. As we enter 2025, the horizon presents new uncertainties: changes in Canadian political leadership, shifts in the U. S. tariff regime, a weak Canadian dollar, and other unforeseen challenges that may arise. Whatever this year holds, CBGF and our portfolio companies are ready. We will adapt, recalibrate, and move closer to our goals. After six years of navigating volatility since we started CBGF in 2018, agility has become second nature. The CBGF team is energized by the opportunities ahead and confident in the resilience of our partners, our team, and Canadian entrepreneurs. Our current investment pipeline is strong, and we are optimistic that 2025 will be a solid year for both new investments and our portfolio companies. Here’s to another year of working together to not just survive, but to thrive, in the face of change. Your ongoing partnership is appreciated, and we are thankful for your continued support. Sincerely, Dale Tingley and Hai Tran-Viet READ THE FULL REPORT2024 Investment SummaryNote: All numbers are as at December 31, 2024 In 2024, CBGF deployed $14. 8 million in capital, and completed 7 follow-on investments, supporting the long-term partnership we have created with our existing portfolio companies. CBGF also exited two portfolio companies, PureFacts and MaxSold, in 2024. 2024 HighlightsNote: Investment highlights below are between Jan 1, 2024 and Dec 31, 2024 JANUARY 2024 Q1 2024 Completed two follow-on investments Exited its 5th portfolio company, MaxSold Q2 2024 Completed three follow-on investments Q3 2024 Completed two follow-on investments Exited its 6th portfolio company, PureFacts Financial Solutions Announced the appointment of Dale Tingley and Hai Tran-Viet as Co-Managing Partners Hosted its inaugural Portfolio CEO Dinner in Toronto Q4 2024 Celebrated its new chapter with Dale and Hai at the helm by opening the market with the TMX Group DECEMBER 2024 CBGF’s Impact Since InceptionNote: All numbers are as at December 31, 2024 CBGF has invested over $390 million since our inception. We have backed a total of 31 growing Canadian companies with headquarters in eight provinces. Our companies employ over 8,000 people globally, of which 7,072 are based in Canada. In addition, CBGF has exited six investments to date, allowing the Fund to reinvest its exit proceeds to support CBGF’s evergreen mandate. In addition, CBGF has completed 48 follow-on transactions, continuing to support our portfolio companies with the capital and expertise needed along the way. Since our initial investments, our portfolio companies have created over 4,459 new jobs globally (65% total portfolio growth), with 3,606 of those jobs in Canada. CBGF is continuing to make a positive impact on Canada’s economy, and we hope to continue this trend into 2025 and the years to come. Over $0Capital invested since inception0Employees backed globally0Jobs created in Canada0Companies backed0Follow-ons0Exits Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more Year in Review Read the full 2024 Year in Review today! DOWNLOAD REPORT 2024


- Published: 2024-01-29
- Modified: 2024-02-06
- URL: https://cbgf.com/fr/bilan-de-lannee-2023/

La lettre du PDG : 5 années de soutien aux entrepreneurs du CanadaL’année 2023 a été une année charnière pour le Fonds de croissance des entreprises du Canada, puisqu’elle a marqué notre cinquième année à soutenir les entrepreneurs et à combler l’écart du capital de croissance au Canada. Malgré les nombreux défis auxquels nous avons été confrontés au cours de ces premières années, notamment une pandémie mondiale, une inflation soutenue, des conflits géopolitiques et des difficultés économiques, j’ai été stupéfait par la résilience et la force d’âme dont ont fait preuve nos entrepreneurs et l’équipe du CBGF. Nous avons pris un bon départ et je suis impatient de voir ce que nous allons accomplir dans les années à venir. En 2023, CBGF a passé beaucoup de temps avec les entreprises de son portefeuille, les soutenant à la fois avec du capital et des conseils tout au long de leur parcours. Certaines ont pu continuer à profiter des possibilités du marché, tandis que d’autres ont adopté une approche plus conservatrice à leur croissance et leur mise en place. Nous pensons que notre mission est plus importante aujourd’hui que jamais, et les nouvelles transactions que nous avons conclues en 2023 représentent d’excellents partenariats avec des entrepreneurs solides et ambitieux. Les cycles de marché en dents de scie dont nous sommes témoins, nous rappellent sans cesse l’importance de l’approche patiente du CBGF pour soutenir les PME au Canada. Nos entreprises ont besoin de partenaires qui les soutiennent sur le long terme, en leur donnant la possibilité d’établir de grandes entreprises au fil du temps et de réaliser leur plein potentiel sans dévier en raison de la fluctuation du marché à l’intérieur du cycle. Notre approche à long terme est de plus en plus appréciée par les entreprises de notre portefeuille et les entrepreneurs avec lesquels nous parlons tous les jours, tout comme l’orientation, les conseils et le soutien que nous leur apportons. George Rossolatos PDG ET ASSOCIÉ DIRECTEUR GÉNÉRAL, CBGF “2023 a marqué la 5e année du CBGF à soutenir les entrepreneurs ambitieux et à assurer la croissance continue des entreprises canadiennes du marché intermédiaire. Je suis fier de l’équipe que nous avons constituée, des entreprises que nous avons soutenues et de la mission que nous poursuivons chaque jour. ”LIRE LE RAPPORT COMPLETLe résumé des investissements en 2023Remarque : Les données sont en date du 31 décembre 2023 Les points saillants de 2023Remarque : Les points saillants sur les investissements ci-après ont eu lieu entre le 1er janvier 2023 et le 31 décembre 2023. JANVIER 2023 1er TRIMESTRE 2023 Le CBGF a investi dans Specialty Medical Partners Cinq investissements de suivi complétés 2e TRIMESTRE 2023 Le CBGF a investi dans FundThrough Trois investissements de suivi complétés Célébration de notre 5e anniversaire 3e TRIMESTRE 2023 Trois investissements de suivi complétés 4e TRIMESTRE 2023 Quatre investissements de suivi complétés Le CBGF a finalisé la vente de STN Video à Minute Media DÉCEMBRE 2023 L’impact du CBGF depuis sa créationRemarque : Les données sont en date du 31 décembre 2023. En date du 31 décembre 2023, le CBGF a investi plus de 375 millions $ depuis sa création. Nous avons soutenu un total de 31 entreprises canadiennes en croissance dont le siège social est situé dans une de huit provinces et qui emploient 6 811 personnes dans le monde, dont 5 881 au Canada. À ce jour, le CBGF a réussi à se retirer de plusieurs investissements, ce qui a permis au Fonds de réinvestir le produit de sa sortie pour soutenir le mandat permanent du CBGF. De plus, le CBGF a réalisé 41 transactions de suivi, continuant à soutenir les entreprises de son portefeuille en leur apportant le capital et l’expertise dont elles ont besoin tout au long de leur parcours. Grâce à notre soutien, ces entreprises ont créé 3 046 nouveaux emplois dans le monde, dont 2 388 au Canada. Le CBGF continue d’avoir un effet positif sur l’économie canadienne et nous espérons poursuivre cette tendance en 2024 et dans les années à venir. Plus de 0En capital investi depuis le début0Employés soutenus globalement0Emplois créés au Canada0Entreprises soutenues0Suivis Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus Year in Review Read the full 2023 Year In Review today! DOWNLOAD REPORT 2023


- Published: 2024-01-29
- Modified: 2024-03-20
- URL: https://cbgf.com/year-in-review-2023/

Letter from the CEO: 5 Years of Backing Entrepreneurs in Canada2023 was a milestone year for the Canadian Business Growth Fund as it marked our 5th year of backing entrepreneurs and filling the growth capital gap in Canada. Despite the many challenges we’ve faced during these first few years, including a global pandemic, continued inflation, geopolitical conflict and economic challenges, I have been astounded by the resilience and fortitude demonstrated by our entrepreneurs and the CBGF team. We have had a strong start out of the gate, and I am excited to see what we will accomplish in the years to come. In 2023, CBGF spent considerable time with our portfolio companies, supporting them with both capital and advice along the way. Some were able to continue taking advantage of market opportunities, while others embraced a more conservative approach to growth and execution. We believe our mission is more important now than ever, and the new deals we’ve closed in 2023 represent great partnerships with strong and ambitious entrepreneurs. As we witness these market cycles go up and down, it is a continued reminder of the importance of CBGF’s patient approach to supporting SMEs in Canada. Our businesses need supportive partners over the long-term, giving them the opportunity to build great companies over time and realize their full potential without deviating due to intra-cycle market fluctuation. Our long-term focus has been increasingly appreciated by our portfolio companies and the entrepreneurs who we speak with every day, as is the guidance, advice and support provided. George Rossolatos CEO & Managing Partner, CBGF “2023 marked CBGF’s 5th year of supporting ambitious entrepreneurs and ensuring the continued growth of Canada’s mid-market businesses. I’m proud of the team we’ve built, the companies we’ve backed, and the mission we continue to pursue each day. ”READ THE FULL REPORT2023 Investment SummaryNote: All numbers are as at December 31, 2023 2023 HighlightsNote: Investment highlights below are between Jan 1, 2023 and Dec 31, 2023 JANUARY 2023 Q1 2023 CBGF invested in Specialty Medical Partners Completed five follow-on investments Q2 2023 CBGF invested in FundThrough Completed three follow-on investments Celebrated its 5th year anniversary Q3 2023 Completed three follow-on investments Q4 2023 Completed four follow-on investments CBGF finalized the sale of STN Video to Minute Media DECEMBER 2023 CBGF’s Impact Since InceptionNote: All numbers are as at December 31, 2023 As of December 31, 2023, CBGF has invested over $375 million since our inception. We have backed a total of 31 growing Canadian companies with headquarters in eight provinces who employ 6,811 people globally, of which 5,881 are based in Canada. CBGF has successfully exited several investments to date, allowing the Fund to reinvest its exit proceeds to support CBGF’s evergreen mandate. In addition, CBGF has completed 41 follow-on transactions, continuing to support our portfolio companies with the capital and expertise needed along the way. With our support, these companies have together created 3,046 new jobs globally, with 2,388 being in Canada. CBGF is continuing to make a positive impact on Canada’s economy, and we hope to continue this trend into 2024 and the years to come. Over $0Capital invested since inception0Employees backed globally0Jobs created in Canada0Companies backed0Follow-ons Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more Year in Review Read the full 2023 Year In Review today! DOWNLOAD REPORT 2023


- Published: 2023-01-20
- Modified: 2024-10-28
- URL: https://cbgf.com/fr/bilan-de-lannee-2022/

Lettre du PDG : Comment aider les entreprises en période économique difficileL’année dernière a été difficile à bien des égards pour les entrepreneurs canadiens. La pandémie, l’inflation, les conflits géopolitiques et les défis économiques ont généralement entraîné une croissance plus lente que prévu pour les entreprises canadiennes. Par conséquent, les investisseurs ont été poussés à réduire les allocations de capitaux aux sociétés de croissance et à adopter une approche plus prudente en matière d’évaluation, en particulier pour les sociétés qui ne génèrent pas de bénéfices. Le CBGF a passé beaucoup de temps avec les entreprises de son portefeuille pour les aider à relever ces défis. Certaines ont accéléré pour profiter des possibilités du marché, alors que d’autres ont adopté une approche plus conservatrice en matière de plans de croissance et d’exécution. Le CBGF continue de travailler à sa mission de soutien de l’économie canadienne et de nos entrepreneurs qui font face à ces défis. Bien que les cycles économiques connaissent des hauts et des bas, l’approche du CBGF consiste à aider à établir des entreprises à long terme et, en fin de compte, à guider les entrepreneurs sur la voie de l’élaboration d’une grande entreprise au fil du temps et de la réalisation de leur plein potentiel. Les grandes entreprises sont rarement créées au cours de la période de détention typique de 3 à 5 ans des capitaux privés. Notre objectif à long terme est de plus en plus apprécié par les entreprises de notre portefeuille, tout comme l’orientation, les conseils et le soutien fournis en cours de route. Le CBGF prévoit d’être actif en 2023, à la fois en soutenant son portefeuille existant et en réalisant de nouveaux investissements dans d’excellentes entreprises canadiennes qui cherchent à faire passer leurs activités au niveau supérieur. George Rossolatos PDG et Associé Directeur Général "Le CBGF continue de travailler à sa mission de soutien de l’économie canadienne et de nos entrepreneurs qui font face à ces défis. "Lire le rapport completLe résumé des investissements en 2022Remarque : Les données sont en date du 31 décembre 2022. Les points saillants de 2022Remarque : Les points saillants sur les investissements ci-après ont eu lieu entre le 1er janvier 2022 et le 31 décembre 2022. Janvier 2022 1er trimestre 2022 Investissement de suivi auprès de MaxSold complété Investissement de suivi auprès de Cold Bore Technologies complété 2e trimestre 2022 Annonce d’une 3e sortie en raison de la vente de Connected à Thoughtworks Holdings Inc. Le CBGF a investi auprès de Amilia Le CBGF a investi auprès de Felix Health Investissement de suivi auprès de Busbud Inc. complété 3e trimestre 2022 Investissement auprès de ProcedureFlow, marquant notre premier investissement au Nouveau-Brunswick Investissement de suivi auprès de Lift Auto Group complété 4e trimestre 2022 Le CBGF a investi auprès de Believeco:Partners Investissements de suivi auprès de ThoughtWire Corp. Et de Librestream complétés Décembre 2022 L’impact du CBGF depuis sa créationRemarque : Les données sont en date du 31 décembre 2022. En date du 31 décembre 2022, le CBGF a investi un total de 350 millions $ depuis sa création. Nous avons soutenu un total de 29 entreprises canadiennes en croissance dont le siège social est situé dans une des huit provinces et qui emploient 6 565 personnes dans le monde, dont 6 127 au Canada. Grâce au soutien de notre capital et de notre expertise, ces entreprises ont créé 2 861 nouveaux emplois dans le monde, dont 2 628 au Canada. Grâce aux progrès réalisés à ce jour, le CBGF a un impact positif sur l’économie du Canada et nous espérons poursuivre cette tendance en 2023 et au cours des années à venir. 0Capitaux levés0Total des capitaux engagés depuis la création de l’entreprise0Employés soutenus0Emplois créés au Canada0Employés de CBGF0Entreprises soutenues0Suivis0Sorties Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus Year in Review Read the full 2022 Year In Review today! DOWNLOAD REPORT 2022


- Published: 2023-01-20
- Modified: 2024-03-20
- URL: https://cbgf.com/year-in-review-2022/

Letter from the CEO: Helping Companies in a Challenged EconomyThe past year has been challenging in many respects for Canadian entrepreneurs. The pandemic, inflation, geopolitical conflict and economic challenges have generally led to slower than expected growth for Canadian companies. This has in turn lead investors to pull back on capital allocations to growth companies and driven a more conservative approach to valuations, especially towards companies not generating earnings. CBGF has spent considerable time with its portfolio companies guiding them through these challenges. Some have accelerated to take advantage of market opportunities, while others have embraced a more conservative approach to growth plans and execution. CBGF continues to work towards its mission to support the Canadian economy and our entrepreneurs who are facing these challenges head on. While economic cycles will ebb and flow, CBGF’s approach is to help build companies over the long-term and ultimately guide entrepreneurs on their path to build a great company over time and realize their full potential. Great companies are rarely built in the typical 3-5 year private equity hold period. Our long-term focus has been increasingly appreciated by our portfolio companies as is the guidance, advice and support provided along the way. CBGF expects to be active in 2023 in both supporting our existing portfolio and via new investments in excellent Canadian companies seeking to grow their businesses to the next level. George Rossolatos CEO & Managing Partner, CBGF "CBGF continues to work towards its mission to support the Canadian economy and our entrepreneurs who are facing these challenges head on. "READ THE FULL REPORT2022 Investment SummaryNote: All numbers are as at December 31, 2022 2022 HighlightsNote: Investment highlights below are between Jan 1, 2022 and Dec 31, 2022 JANUARY 2022 Q1 2022 Completed a follow-on investment in MaxSold Completed a follow-on investment in Cold Bore Technologies Q2 2022 Announced its 3rd exit, with the sale of Connected to Thoughtworks Holdings Inc. CBGF invested in Amilia CBGF invested in Felix Health Completed a follow-on investment in Busbud Inc. Q3 2022 Invested in ProcedureFlow, marking our first investment in New Brunswick Completed a follow-on investment in Lift Auto Group Q4 2022 CBGF invested in Believeco:Partners Completed follow-on investments in ThoughtWire Corp. and Librestream DECEMBER 2022 CBGF’s Impact Since InceptionNote: All numbers are as at December 31, 2022 As of December 31, 2022, CBGF has committed a total of $350 million since our inception. We have backed a total of 29 growing Canadian companies with headquarters in eight provinces who employ 6,575 people globally, of which 6,127 are based in Canada. With the support of our capital and expertise, these companies have together created 2,861 new jobs globally, with 2,628 being in Canada. With our progress to date, CBGF is making a positive impact on Canada’s economy and we hope to continue this trend into 2023 and the years to come. $0Capital raised$0Total capital committed since inception0Employees backed0Jobs created in Canada0CBGF employees0Companies backed0Follow-ons0Exits Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more Year in Review Read the full 2022 Year In Review today! DOWNLOAD REPORT 2022


- Published: 2022-06-20
- Modified: 2024-12-23
- URL: https://cbgf.com/fr/videos-de-temoignage/

Vidéos de TémoignageRencontrez certains des partenaires opérationnels du CBGF et écoutez ce qu'ils ont à dire sur la collaboration avec notre équipe. Arnold LeungFondateur et PDG Voir l’enterpriseLp MauricePDG Voir l’enterpriseMike SternAncien cofondateur et PDG Voir l’enterpriseDanny ArdelliniFondateur et PDG Voir l’enterpriseEmma SternCo-fondatrice et CE Voir l’enterpriseMuni BogaCo-fondateur et Président, Directeur Général Voir l’enterpriseMark ReinekingPDG Voir l’enterpriseSushee PerumalAncien PDG Voir l’enterpriseDan BelhassenFondateur et PDG Voir l’enterpriseWayne PommenAncien président et PDG Voir l’enterpriseTarique Al-AnsariCo-fondateur et PDG Voir l’enterpriseRohan MahimkerCo-fondateur et Co-PDG Voir l’enterpriseKyle RackiCo-fondateur et PDG Voir l’enterpriseRobert MadejAncien cofondateur et PDG Voir l’enterpriseNoah FrankPrésident Voir l’enterpriseJason TaflerPDG Voir l’enterpriseBrendan KingCo-fondateur et PDG Voir l’enterpriseMatt McQuillenCo-fondateur et PDG Voir l’enterprise We do things a little differently.


- Published: 2022-06-20
- Modified: 2026-01-30
- URL: https://cbgf.com/fr/rapports-annuels/

Voir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapport We do things a little differently.


- Published: 2022-04-08
- Modified: 2024-12-23
- URL: https://cbgf.com/testimonials/

Portfolio TestimonialsMeet some of CBGF’s operating partners and hear what they have to say about working with our team. Arnold LeungFounder and CEO View CompanyLp MauriceCo-Founder and CEO View CompanyMike SternFormer Co-Founder and CEO View CompanyDanny ArdelliniFounder and CEO View CompanyEmma SternCo-Founder & COO View CompanyMuni BogaFounder and CEO View CompanyMark ReinekingCEO View CompanySushee PerumalFormer CEO View CompanyDan BelhassenFounder and CEO View CompanyWayne PommenFormer President and CEO View CompanyTarique Al-AnsariCo-Founder and CEO View CompanyRohan MahimkerCo-Founder and Co-CEO View CompanyKyle RackiCo-Founder and CEO View CompanyRobert MadejFormer Co-Founder and CEO View CompanyNoah FrankPresident View CompanyJason TaflerCEO View CompanyBrendan KingCo-Founder and CEO View CompanyMatt McQuillenCo-Founder and CEO View Company We do things a little differently.


- Published: 2022-02-11
- Modified: 2026-02-23
- URL: https://cbgf.com/fr/histoire-de-corporate/

fév 2017 Le 6 février 2017 Le Conseil consultatif sur la croissance économique a recommandé la création d'un Fonds de croissance des entreprises dirigé par le secteur privé Le Conseil consultatif a publié une série de rapports contenant ses recommandations pour améliorer les perspectives de croissance économique inclusive au Canada, y compris le Fonds de croissance des entreprises du Canada dans le deuxième rapport intitulé « Libérer l'innovation pour favoriser la portée et la croissance ». Le 9 mars 2017 Les ministres des Finances et du Commerce saluent le lancement du CBGF Le gouvernement du Canada se réjouit de l'annonce faite par les principales institutions financières du Canada de créer un fonds de croissance des entreprises qui aidera les entreprises canadiennes ambitieuses à obtenir le capital dont elles ont besoin pour croître et réussir à l'échelle mondiale. Ainsi, elles pourront contribuer à créer de bons emplois bien rémunérés pour la classe moyenne et feront croître l'économie du Canada à long terme. mars 2017 mars 2017 Le 9 mars 2017 Les banques et les compagnies d'assurance annoncent le Fonds de croissance des entreprises du Canada Les principales banques et compagnies d'assurance du Canada ont annoncé aujourd'hui leur intention de créer un fonds destiné à investir dans les entreprises canadiennes au cours de la prochaine décennie afin de soutenir la croissance et l'innovation. Le 5 octobre 2017 Le CBGF annonce la nomination du PDG, George Rossolatos et de la présidente du conseil d’administration, Dale Ponder Le Fonds de croissance des entreprises du Canada, qui sera une entité gérée de façon indépendante et soutenue par les principales banques et compagnies d'assurance du Canada, a annoncé aujourd'hui la nomination de George Rossolatos au poste de président, directeur général à compter de janvier 2018. M. Rossolatos travaillera aux côtés de Dale Ponder, la présidente indépendante du Fonds nouvellement nommée. oct 2017 juin 2018 Le 18 juin 2018 Le CBGF est lancé officiellement et annonce le début de son mandat national Le CBGF a annoncé aujourd'hui le lancement de son fonds et le début de son mandat national visant à aider les entrepreneurs canadiens à accéder au capital dont ils ont besoin pour stimuler la croissance et l'expansion de leurs entreprises de taille moyenne à fort potentiel. Le 2 octobre 2018 Le CBGF annonce un premier investissement auprès de la société Lift Auto Group, située à Kelowna en Colombie-Britannique Le CBGF a annoncé qu'elle avait investi 15 millions $ dans Lift Auto Group. Il s'agit du premier investissement du CBGF dans le cadre de son mandat, qui consiste à fournir des capitaux minoritaires patients et à long terme à des entrepreneurs ambitieux et à leurs entreprises canadiennes de taille moyenne à forte croissance. oct 2018 déc 2018 Le 11 décembre 2018 Le CBGF annonce que son premier investissement en Ontario sera fait auprès de PayBright Le 16 juillet 2019 Le CBGF annonce que son premier investissement en Saskatchewan sera fait auprès de Vendasta jui 2019 août 2019 Le 13 août 2019 Le CBGF et le BGF s'associent pour la première fois pour investir dans Appnovation, située à Vancouver Le Fonds de croissance des entreprises canadiennes et un fonds pionnier similaire au Royaume-Uni, le Business Growth Fund, s'associent pour investir 15 millions $ dans une société de conseil numérique située à Vancouver, le premier financement conjoint de ce type entre les deux entités. Le 21 novembre 2019 Le CBGF est reconnu comme étant le fournisseur de l'année 2019 par le Sommet canadien du capital-investissement nov 2019 juin 2020 Le 4 juin 2020 Le CBGF annonce que son premier investissement en Nouvelle-Écosse sera fait auprès de Proposify Le 23 juin 2020 Le CBGF annonce que son premier investissement au Manitoba sera fait auprès de Librestream juin 2020 jui 2020 Le 1 juillet 2020 Le CBGF a réalisé sa première sortie, avec l'achat par Telus de la chaîne de réparation de téléphones intelligents Mobile Klinik Le 31 juillet 2020 Le CBGF annonce son 15e investissement depuis son lancement et son premier investissement au Québec auprès de Busbud jui 2020 jan 2021 Le 1 janvier 2021 Le CBGF annonce sa seconde sortie avec Affirm pour acquérir PayBright Le 8 mars 2021 Le CBGF signe l'initiative « Diversité en action » et devient signataire de l'ILPA L'initiative « Diversité en action » de l'ILPA rassemble des associés commanditaires et des commanditaires ordinaires qui partagent une détermination de faire progresser la diversité, l'équité et l'inclusion dans le secteur du capital-investissement. L'objectif de l'initiative est de motiver les acteurs du marché à s'engager dans la voie de la diversité et de l'inclusion et de créer une dynamique autour de l'adoption d'actions spécifiques qui font progresser la DEI au fil du temps. mars 2021 juin 2021 Le 23 juin 2021 Le CBGF organise la journée inaugurale du portefeuille de PDG, qui réunit les PDG des entreprises de son portefeuille L'objectif de l'événement du portefeuille CBGF est double : fournir des conférenciers de haut niveau couvrant des sujets non traditionnels et réunir les dirigeants des entreprises de notre portefeuille. Le 29 juillet 2021 Le CBGF annonce que son premier investissement en Alberta sera fait auprès de Cold Bore Technology jui 2021 août 2021 Le 18 août 2021 Le CBGF annonce son 20e investissement depuis son lancement auprès de l’entreprise Shopper+ située au Québec Le 31 août 2021 Le CBGF est reconnu par la CVCA comme étant l'un des investisseurs en capital-investissement les plus actifs et le vendeur de l'une des trois principales sorties de capital-investissement divulguées au cours du premier semestre de 2021 août 2021 déc 2021 Le 17 décembre 2021 Le CBGF célèbre son 25e investissement depuis son lancement en 2018 LE 27 AVRIL 2022 Le CBGF a réalisé sa troisième sortie avec Connected qui est achetée par Thoughtworks avr 2022 jui 2022 LE 26 JUILLET 2022 Le CBGF annonce que son premier investissement en Nouveau-Brunswick sera fait auprès de ProcedureFlow Le 21 Février, 2023 Le CBGF célèbre son 30e investissement depuis son lancement en 2018 avec l'investissement dans Specialty Medical Partners fév 2023 juin 2023 LE 20 JUIN 2023 CBGF célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada JUIN 2024 CBGF annonce sa certification B Corp juin 2024 sep 2024 Le 5 septembre 2024 Dale Tingley et Hai Tran-Viet sont nommés co-gestionnaires du Fonds canadien de croissance des entreprises Le 31 octobre 2024 L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX oct 2024 nov 2025 Le 20 novembre 2025 CBGF nommée parmi les cultures d’entreprise les plus admirées au Canada janvier 2026 CBGF célèbre son 35e investissement depuis son lancement en 2018 avec l’investissement dans Appficiency. jan 2026


- Published: 2022-02-08
- Modified: 2026-01-30
- URL: https://cbgf.com/reports/

VIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORT We do things a little differently.


- Published: 2021-12-23
- Modified: 2023-01-25
- URL: https://cbgf.com/fr/bilan-de-lannee/

La lettre du PDGEn 2021, les Canadiens d'un océan à l'autre ont connu des épreuves, des triomphes, du désespoir et de la résilience. De nombreux Canadiens ont perdu des êtres chers au cours de la pandémie, et d'abord et avant tout, nos pensées vont à toutes les familles touchées. Les moyens de subsistance de nombreux Canadiens ont également été remis en question, puisque d'innombrables industries ont connu des difficultés. Au cours de l'année écoulée, l'équipe du Fonds de croissance des entreprises du Canada a également constaté les effets que la pandémie a imposés à nos entrepreneurs. Au cours de cette deuxième année à faire face à de tels défis, j'ai été inspirée par la ténacité, la résilience et la force dont ont fait preuve nos entrepreneurs face à des vagues de défis apparemment sans fin, qui se sont consacrés à la fois à assurer la sécurité de leurs employés et à maintenir leur entreprise à flot. LIRE LA LETTRE COMPLÈTE« Les Canadiens de tout le pays ont dû endurer des difficultés prolongées et continues au cours de l'année écoulée. Malgré l'incertitude persistante, je crois que 2022 sera une année où ils pourront briller. »George Rossolatos PRÉSIDENT, DIRECTEUR GÉNÉRAL, CBGF Résumé des investissements en 2021Remarques : Toutes les données sont en date du 31 décembre 2021. Points saillants de 2021JANVIER 2021 Janvier 2021 Annonce de sa 2e sortie, avec la vente de PayBright à Affirm le 1er janvier. Investissement dans Paystone Inc. , notre premier investissement de FÉVRIER 2021 Investissements de suivi dans Xello et MaxSold Inc. MARS 2021 Investissement de suivi dans LifeRaft. MAI 2021 Investissement de suivi dans Vendasta Technologies Inc. JUIN 2021 Investissement dans Connected Lab Inc. Investissements de suivi dans ThoughtWire Corp. et Proposify Inc. JUILLET 2021 Investissement dans Cold Bore Technology Inc. marquant notre premier investissement en Alberta AOÛT 2021 Investissement de suivi dans Environmental 360 Solutions Inc. Investissement dans Shopper+ Inc. pour notre 2e investissement au Québec. SEPTEMBRE 2021 Investissement dans Stephano Group Ltd Investissement de suivi dans Busbud Inc. OCTOBRE 2021 Investissement dans Homestyle Selections LP, marquant notre 2e investissement en Alberta. Investissement de suivi dans Appnovation NOVEMBRE 2021 Investissement dans Kudos Inc. marquant notre 3e investissement en Alberta. Investissement dans Neovation Corporation, marquant ainsi notre 2e investissement au Manitoba. Investissement de suivi dans ThoughtWire Corp. DÉCEMBRE 2021 Nous avons terminé l'année avec une réalisation importante, en annonçant la clôture de notre 25e investissement dans PureFacts Financial Solutions Inc. DÉCEMBRE 2021 Nos activités depuis notre créationAu 31 décembre 2021, le CBGF a investi un total de 297 millions $ depuis sa création. Nous avons soutenu un total de 25 entreprises canadiennes en pleine croissance, présentes dans toutes les provinces du Canada, qui emploient 4 706 personnes dans le monde, dont 4 387 au Canada. Grâce à notre capital et à notre expertise, ensemble ces entreprises ont créé 1 651 nouveaux emplois dans le monde, dont 1 510 au Canada. Grâce aux progrès réalisés à ce jour, le CBGF est en train de devenir l'un des investisseurs en capital de croissance les plus actifs du pays et nous espérons poursuivre cette tendance en 2022 et dans les années à venir. $0en capital levé$0Capital total investi depuis la création de l` entreprise0employés soutenus0nouveaux emplois créés au Canada0équipe du CBGF0entreprises soutenues0suivis0sorties Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus Read the full 2021 Year in Review Report DOWNLOAD REPORT 2021 Year in Review


- Published: 2021-12-23
- Modified: 2023-01-25
- URL: https://cbgf.com/year-in-review/

Letter from the CEOLooking back at 2021, Canadians from coast to coast have experienced hardships, triumphs, despair, and resilience. Many Canadians have lost loved ones during the pandemic, and first and foremost, our thoughts go out to all the families affected. The livelihoods of many Canadians have also been challenged as countless industries have experienced hardship. Over the course of the past year, the team at the Canadian Business Growth Fund has also seen the effects that the pandemic has imposed on our entrepreneurs. In this second year facing such challenges, I was inspired by the tenacity, resilience and strength shown by our entrepreneurs in the face of seemingly unending waves of challenges, dedicated to both keeping their employees safe and keeping their businesses afloat. READ THE FULL LETTER“Canadians across the nation have had to endure a prolonged, and continuing hardship this past year. Despite the continued uncertainty, I believe that 2022 will be a year for them to shine. ”George Rossolatos CHIEF EXECUTIVE OFFICER, CBGF 2021 Investment Summary - Companies BackedNote: All numbers are as at December 31, 2021 2021 HighlightsJANUARY 2021 January 2021 Announced its 2nd exit, with the sale of PayBright to Affirm on January 1st Invested in Paystone Inc. as our first investment of 2021 FEBRUARY 2021 Completed follow-on investments in Xello and MaxSold Inc. MARCH 2021 Completed a follow-on investment in LifeRaft MAY 2021 Completed a follow-on investment in Vendasta Technologies Inc. JUNE 2021 Invested in Connected Lab Inc. Completed follow-on investments in ThoughtWire Corp. and Proposify Inc. JULY 2021 Invested in Cold Bore Technology Inc. , marking our first investment in Alberta AUGUST 2021 Completed a follow-on investment in Environmental 360 Solutions Inc. Invested in Shopper+ Inc. , marking our second investment in Quebec SEPTEMBER 2021 Invested in Stephano Group Ltd Completed a follow-on investment in Busbud Inc. OCTOBER 2021 Invested in Homestyle Selections LP, marking our second investment in Alberta Completed a follow-on investment in Appnovation NOVEMBER 2021 Invested in Kudos Inc. , marking our third investment in Alberta Invested in Neovation Corporation, marking our second investment in Manitoba Completed a follow-on investment in ThoughtWire Corp. DECEMBER 2021 Closed the year with a milestone achievement, announcing the close of our 25th investment in PureFacts Financial Solutions Inc. DECEMBER 2021 Activity Since InceptionAs of December 31, 2021, CBGF has invested a total of $297 million since our inception. We have backed a total of 25 growing Canadian companies with operations in all provinces across Canada, who employ 4,706 people globally, of which 4,387 are based in Canada. With the support of our capital and expertise, these companies have together created 1,651 new jobs globally, with 1,510 being in Canada. With our progress to date, CBGF is becoming one of the most active growth capital investors in the country and we hope to continue this trend into 2022 and the years to come. $0Capital raised$0Total capital invested since inception0Employees backed0New jobs created in Canada0CBGF employees0Companies backed0Follow-ons0Exits Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more Read the full 2021 Year in Review Report DOWNLOAD REPORT 2021 Year in Review


- Published: 2021-12-22
- Modified: 2026-02-13
- URL: https://cbgf.com/corporate-history/

FEB 2017 FEBRUARY 6, 2017 The Advisory Council on Economic Growth recommended the creation of a private sector led Business Growth Fund The Advisory Council released a series of reports with their recommendations for improving the prospects for inclusive economic growth in Canada, including the Canadian Business Growth Fund in the Second Report “Unlocking Innovation to Drive Scale and Growth”. MARCH 9, 2017 Ministers of Finance and Trade Welcome Launch of CBGF The Government of Canada welcomes the announcement by Canada’s leading financial institutions to establish a business growth fund that will help ambitious Canadian companies get the capital they need to grow and succeed globally. This will help them create good, well-paying middle class jobs, and will grow Canada’s economy over the long term. MAR 2017 MAR 2017 MARCH 9, 2017 Banks and Insurance Companies Announce Canadian Business Growth Fund Canada’s leading banks and insurance companies today announced their intent to create a fund to invest in Canadian businesses over the next decade to bolster growth and innovation. OCTOBER 5, 2017 CBGF announces appointment of CEO, George Rossolatos and Chair of the Board, Dale Ponder The Canadian Business Growth Fund, which will be an independently managed entity supported by Canada’s leading banks and insurance companies, today announced the appointment of George Rossolatos to the position of CEO effective January 2018. Mr. Rossolatos will be working alongside Dale Ponder, the Fund’s newly appointment independent Chair. OCT 2017 JUN 2018 JUNE 18, 2018 CBGF officially launches and announces the start of its national mandate CBGF today announced the launch of its fund and the start of its national mandate to help Canadian entrepreneurs access the capital they need to drive growth and expansion for their high potential mid-market businesses. OCTOBER 2, 2018 CBGF announces first investment in Lift Auto Group, based in Kelowna, BC CBGF announced that it has invested $15 million in Lift Auto Group. The deal was CBGF’s first investment as part of its mandate to provide long-term, patient, minority capital to ambitious entrepreneurs and their high-growth mid-market Canadian companies. OCT 2018 DEC 2018 DECEMBER 11, 2018 CBGF announces PayBright as its first investment in Ontario JULY 16, 2019 CBGF announces Vendasta as its first investment in Saskatchewan JUL 2019 AUG 2019 AUGUST 13, 2019 CBGF and BGF team up for the first time to invest in Vancouver-based Appnovation The Canadian Business Growth Fund and a similar pioneering fund in the U. K. , Business Growth Fund, partner up to invest $15-million in a Vancouver-based digital consulting firm, the first such joint financing between the two entities. NOVEMBER 21, 2019 CBGF recognized as the 2019 Provider of the Year by the Canadian Private Equity Summit NOV 2019 JUN 2020 JUNE 4, 2020 CBGF announces Proposify as its first investment in Nova Scotia JUNE 23, 2020 CBGF announces Librestream as its first investment in Manitoba JUN 2020 JUL 2020 JULY 1, 2020 CBGF realized its first exit, with Telus buying smartphone repair chain Mobile Klinik JULY 31, 2020 CBGF announces 15th investment since launch and first investment in Quebec with Busbud JUL 2020 JAN 2021 JANUARY 1, 2021 CBGF announces its second exit with Paybright being acquired by Affirm MARCH 8, 2021 CBGF signs Diversity in Action initiative and becomes an ILPA signatory The ILPA Diversity in Action initiative brings together limited partners and general partners who share a commitment to advancing diversity, equity and inclusion in the private equity industry. The goal of the initiative is to motivate market participants to engage in the journey towards becoming more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time. MAR 2021 JUN 2021 JUNE 23, 2021 CBGF holds inaugural CEO Portfolio Day bringing together its portfolio company CEOs The purpose of the CBGF Portfolio Event is two-fold, to provide high-profile educational speakers covering non-traditional topics, and to bring together our portfolio company leaders. JULY 29, 2021 CBGF announces Cold Bore Technology as its first investment in Alberta JUL 2021 AUG 2021 AUGUST 18, 2021 CBGF announces 20th investment since launch in Quebec-based Shopper+ August 31, 2021 CBGF recognized by CVCA as one of the Most Active Private Equity Investors and the seller of one of the top 3 disclosed PE exits in the first half of 2021 AUG 2021 DEC 2021 DECEMBER 17, 2021 CBGF celebrates its 25th investment since launch in 2018 April 27, 2022 CBGF realizes its third exit with Connected being acquired by Thoughtworks APR 2022 JUL 2022 JULY 26, 2022 CBGF announces ProcedureFlow as its first investment in New Brunswick February 21, 2023 CBGF celebrates its 30th investment since launch in 2018 with the investment in Specialty Medical Partners FEB 2023 JUN 2023 JUNE 20, 2023 CBGF Celebrates Five Years of Backing Ambitious Entrepreneurs across Canada June 19, 2024 CBGF Announces B Corp Certification JUN 2024 SEP 2024 September 5, 2024 Dale Tingley and Hai Tran-Viet are appointed as Co-Managing Partners of the Canadian Business Growth Fund OCTOBER 31, 2024 The CBGF team opened the market with TMX Group OCT 2024 NOV 2025 November 20, 2025 CBGF is awarded as one of Canada’s Most Admired™ Corporate Cultures JANUARY, 2026 CBGF celebrates its 35th investment since launch in 2018 with the investment in Appficiency JAN 2026


- Published: 2020-04-09
- Modified: 2025-03-25
- URL: https://cbgf.com/fr/a-propos-du-cbgf/

est maintenant B Corp Certifié est maintenant B Corp Certifié est maintenant B Corp CertifiéNotre visionLa vision du CBGF consiste à devenir le principal investisseur en capital de croissance sur le marché intermédiaire et le partenaire de choix du Canada pour les entrepreneurs ambitieux, en les aidant à atteindre leur plein potentiel. Notre missionFournir des capitaux minoritaires patients et un soutien stratégique aux entreprises canadiennes de taille moyenne afin d'alimenter leur croissance et de favoriser l'innovation, tout en obtenant des rendements sur le marché. Nos valeursChez CBGF, nous visons à établir notre équipe et notre portefeuille en fonction de nos valeurs. Nous avons choisi les valeurs suivantes pour guider la manière dont nous menons nos activités. L’intégritéNous nous comportons avec intégrité, personnellement et professionnellement. Nous faisons ce qui est juste et équitable dans toutes nos interactions. Nous croyons que c'est la seule façon de faire des affaires, ce qui nous permettra d'établir des relations durables et de réussir à long terme. L’excellenceNous visons l'excellence dans tout ce que nous faisons et dépassons les attentes. Nous ne serons pas limités par une convention et nous trouverons un meilleur moyen, dans la mesure du possible. Nous sommes déterminés à atteindre notre plein potentiel en aidant nos sociétés émettrices à atteindre le leur. La responsabilisationNous sommes responsables des décisions que nous prenons, quel que soit leur résultat. Nous assumons nos responsabilités et comprenons l'ampleur de notre engagement envers nos actionnaires, les entreprises dans lesquelles nous investissons, notre communauté et les autres. Le partenariatNous sommes en partenariat avec nos actionnaires, nos entités émettrices et nos employés. Nous avons des objectifs communs, nous trouvons une force à travailler ensemble et nous démontrons toujours du respect. Nous croyons que s'écouter les uns les autres et d’avoir une communication ouverte, directe et transparente donnent les meilleurs résultats. LA PASSIONNous croyons en ce que nous faisons. Nous avons une passion pour le Canada, pour soutenir les entreprises canadiennes et pour les aider à se développer. Nous avons tous rejoint le CBGF pour inspirer, être inspirés, et avoir un impact positif mesurable sur nos entités émettrices, nos employés et nos actionnaires. ESGEn tant qu’entreprise B Corp certifiée, le CBGF tient compte des questions environnementales, sociales et de gouvernance (ESG) dans ses activités quotidiennes. Nous poursuivons cette démarche en assurant la même prise en compte des critères ESG lors de la sélection d'investissements potentiels et de l'exécution de la diligence raisonnable. Le CBGF croit fermement que la reconnaissance des normes ESG à l'interne et à l'externe contribuera à favoriser des partenariats exceptionnels, un meilleur environnement de travail et à créer un impact positif sur nos communautés partout au Canada. Par conséquent, le CBGF respecte les politiques suivantes en matière de questions ESG : Engagement à prendre en compte les questions ESG dans ses évaluations de toutes les possibilités d'investissement. Engagement à discuter de l'importance de limiter et/ou d'atténuer l'impact environnemental des opérations avec les sociétés de notre portefeuille respectif. Effort d'investir dans des entreprises qui partagent nos valeurs de traitement des employés avec intégrité et respect, avec des efforts pour améliorer la diversité et l'inclusion. L’histoire et les investisseursLe défi auquel sont confrontées les entreprises canadiennes pour accéder au capital de croissance a été souligné par le Conseil consultatif sur la croissance économique du ministre des Finances en 2017, qui a recommandé la création d'un fonds de croissance du secteur privé pour fournir des investissements dans des entreprises canadiennes établies et à forte croissance tout en contribuant à une économie innovante et diversifiée. En réponse, les principales banques et compagnies d'assurance du Canada se sont regroupées pour former CBGF, en tant qu'actionnaires fondateurs*, dotant ainsi le Canada d'un fonds indépendant du secteur privé qui se concentre exclusivement sur le déficit de capitaux minoritaires patients auquel sont confrontées les entreprises canadiennes en croissance. APPRENEZ-EN PLUS SUR L’HISTOIRE DU CBGF* La HSBC a depuis été rachetée par la RBC, et la CWB a depuis été rachetée par la Banque Nationale. La gouvernanceLe conseil d'administration du CBGF s'assurera que le fonds s'acquitte de son mandat d'aider les entreprises canadiennes à se développer tout en favorisant une plus grande confiance et un plus grand esprit d'entreprise au Canada. Dirigé par sa présidente, Dale Ponder, le conseil d'administration du CBGF assure au Fonds une large représentation des principales institutions financières du Canada et une expérience équilibrée en matière de gouvernance d'entreprise, de leadership, d'investissement en capital privé, de marchés des capitaux et de financement des entreprises. We do things a little differently.


- Published: 2020-04-01
- Modified: 2025-03-25
- URL: https://cbgf.com/about/

is now B Corp Certified is now B Corp Certified is now B Corp CertifiedVisionCBGF’s vision is to become Canada’s leading mid-market growth capital investor and partner of choice for ambitious entrepreneurs, supporting them to reach their full potential. MissionTo provide patient minority capital and strategic support to mid-market Canadian businesses to fuel their growth and foster innovation, while earning market returns. ValuesAt CBGF, we aim to build our team and our portfolio by aligning our values. We have chosen the following values to drive how we conduct our business. INTEGRITYWe conduct ourselves with integrity, personally and professionally. We do what is right and fair in all our interactions. We believe that this is the only way to conduct business, and this will allow us to build lasting relationships and create enduring success. EXCELLENCEWe strive for excellence in all we do and to surpass expectations. We will not be limited by convention and will find a better way where possible. We are dedicated to reaching our full potential by helping our investee companies reach theirs. ACCOUNTABILITYWe are accountable for the decisions we make, regardless of their outcome. We take ownership and understand the magnitude of our commitment to our shareholders, our investee companies, our community and each other. PARTNERSHIPWe are in a partnership with our shareholders, our investee companies, and our employees. We have common goals, find strength in working together and show respect always. We believe that listening to each other and having open, direct and transparent communication yields the best results. PASSIONWe believe in what we are doing. We have a passion for Canada, for supporting Canadian businesses and for helping them grow. We all joined CBGF to inspire, to be inspired, and to have a positive measurable impact on our investee companies, our employees, our community and our shareholders. ESGAs a certified B Corp, CBGF considers environmental, social, and governance (ESG) matters in our daily operations. We carry this forward by ensuring the same consideration of ESG criteria when screening potential investments and carrying out due diligence. CBGF strongly believes that acknowledging ESG standards internally and externally will help foster exceptional partnerships, a better work environment and create a positive impact on our communities throughout Canada. As a result, CBGF respects the following ESG policies: Committed to consider ESG issues in its assessments of all investment opportunitiesCommitted to discuss the importance of limiting and/or mitigating the environmental impact of operations with our respective portfolio companiesEndeavour to invest in companies that share our values of treating employees with integrity and respect, with efforts to improve diversity and inclusionHistory & InvestorsThe challenge that Canadian companies face in accessing growth capital was highlighted by the Minister of Finance's Advisory Council for Economic Growth in 2017, which recommended the creation of a private sector growth fund to provide investments in established and high-growth Canadian businesses while contributing to an innovative and diversified economy. In response, Canada’s leading banks and insurance companies came together to form CBGF as its founding shareholders*, providing Canada with an independent, private sector fund that is focused exclusively on the patient minority capital gap facing Canadian growth companies. Learn more about CBGF's history*HSBC has since been acquired by RBC, and CWB has since been acquired by National Bank. GovernanceThe CBGF Board works to ensure that the fund delivers on its mandate to help Canadian companies grow while promoting greater confidence and entrepreneurial spirit within Canada. Led by its Chair, Dale Ponder, the CBGF Board of Directors provides the Fund with broad representation across Canada's leading financial institutions and a balance of experience in corporate governance, leadership, private equity investing, capital markets and corporate finance. We do things a little differently.


- Published: 2019-05-07
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/questions-frequemment-posees/

Questions? Parcourez ces QFP sur le CBGF pour trouver des réponses aux questions communément posées. Vous ne trouvez pas ce que vous cherchez? Envoyez-nous vos questions à l’aide du formulaire ci-après. Pourquoi le CBGF a-t-il été formé? RocketDigital2024-08-21T08:48:01-04:00Pourquoi le CBGF a-t-il été formé? Au début de 2016, le ministre des Finances du Canada a convoqué le Conseil consultatif sur la croissance économique pour examiner le potentiel à long terme de l’économie canadienne. En février 2017, le Conseil a publié une série de rapports contenant leurs recommandations pour améliorer les perspectives de croissance économique inclusive au Canada. Parmi leurs cinq recommandations interdépendantes visant à accélérer l’innovation et à aider un plus grand nombre de jeunes entreprises et de PME canadiennes à prendre de l’ampleur, ils ont déclaré que le Canada devrait élaborer une stratégie de capital de croissance à valeur ajoutée axée sur les entreprises canadiennes à la croissance la plus rapide. Ces initiatives aideraient le Canada à accroître sa compétitivité mondiale, à atteindre ses objectifs de croissance inclusive et à créer une économie et une main-d’œuvre plus résilientes. L’un des problèmes fondamentaux de l’innovation au Canada est que les entrepreneurs sont doués pour lancer des entreprises, mais que très peu d’entre elles atteignent une échelle significative. Les raisons invoquées comprennent un marché local petit et fragmenté, une pénurie de talents commerciaux expérimentés, un manque de sources de capital de croissance à l’échelle et une aversion au risque de la part de certaines entreprises établies au Canada. Le défi de la croissance réside en partie dans la recherche et l’embauche de talents commerciaux expérimentés. Le Canada compte relativement peu d’entreprises qui ont franchi toutes les étapes de la croissance et ne possède pas de communauté de grandes entreprises pour former ce type de talent. Un autre défi qui a été identifié est l’accès limité au capital de croissance à valeur ajoutée au Canada. Comparativement à leurs homologues des États-Unis, plus de deux fois plus d’entreprises à croissance rapide au Canada ont cité l’accès insuffisant au capital de risque comme leur plus grande préoccupation. Pour en savoir plus sur l’histoire du CBGF. QUE SIGNIFIE ÊTRE UN PARTENAIRE À VALEUR AJOUTÉE POUR LE CBGF? RocketDigital2024-08-15T13:23:25-04:00QUE SIGNIFIE ÊTRE UN PARTENAIRE À VALEUR AJOUTÉE POUR LE CBGF? Nous avons de solides antécédents en matière d’investissement dans des entreprises qui sont prêtes pour la phase suivante de leur parcours de croissance, mais de nombreuses entreprises ne sont pas préparées pour faire face à une croissance importante. Le CBGF apporte immédiatement de la valeur à ses entreprises partenaires en découvrant les lacunes et en identifiant les domaines dans lesquels il faut renforcer les opérations, la gouvernance et l’information financière au cours de l’audit préalable. C’est la première occasion pour le CBGF de démontrer son approche collaborative, où nos conclusions dicteront nos domaines d’intervention à valeur ajoutée après l’investissement. Par exemple, les entreprises peuvent ne pas avoir un conseil d’administration ou un processus de gouvernance bien structuré, des rôles et des responsabilités clairement définis au niveau de l’équipe de direction, ce qui est impératif pour une entreprise bien gérée, ou peuvent présenter des lacunes au niveau des systèmes, de la collecte de données et de l’établissement de rapports. Notre expérience en matière de développement d’entreprises aide les entrepreneurs et les équipes de direction à comprendre ce qu’il faut faire pour débloquer la prochaine phase de croissance de leur entreprise. Quelle est la structure type du CBGF en matière d’investissements? RocketDigital2024-08-21T08:48:47-04:00Quelle est la structure type du CBGF en matière d’investissements? Nous pouvons peuvent être flexibles dans nos structures pour nous adapter à la situation de l’entreprise. Nous pouvons investir sous forme d’actions privilégiées, d’actions ordinaires, d’actions convertibles, de titres de créance ou de titres de créance ou d’actions ordinaires. Nous cherchons généralement à obtenir un siège au conseil d’administration ou un siège d’observateur, ainsi que certaines protections pour less actionnaires minoritaires. QUELS SONT LES SECTEURS D’ACTIVITÉ PRIVILÉGIÉS PAR LE CBGFRocketDigital2024-08-21T08:48:58-04:00QUELS SONT LES SECTEURS D’ACTIVITÉ PRIVILÉGIÉS PAR LE CBGFNous sommes uniques en ce sens que nous nous concentrons sur un large éventail de secteurs. Nous voulons aider les entreprises canadiennes en croissance dirigées par des équipes de gestion ambitieuses. CBGF a investi dans plusieurs secteurs, notamment la consommation discrétionnaire, les technologies de l’information, l’industrie, les soins de santé, les services financiers, l’éducation, les biens de consommation de base, les services aux entreprises et les services de communication. Quelles sont les restrictions d’investissement du CBGF? RocketDigital2024-08-21T08:49:26-04:00Quelles sont les restrictions d’investissement du CBGF? Le CBGF n’est pas une société de capital-risque et ne soutient pas les entreprises dont le profil d’absorption est élevé et s’étale sur plusieurs années. Le CBGF ne peut investir dans les entreprises en démarrage, la promotion immobilière, l’extraction de ressources, le cannabis, les armes et les activités du secteur des assurances. Les entreprises qui offrent des services à des secteurs sont admissibles. Le CBGF ne peut pas investir dans le contrôle d’une entreprise, ou investir dans une entreprise dont le siège social est à l’extérieur du Canada. Quelle est la taille d’un investissement type de la part du CBGF? RocketDigital2024-08-21T08:49:41-04:00Quelle est la taille d’un investissement type de la part du CBGF? Nous réalisons des investissements initiaux sur toute notre gamme indiquée, allant de 5 à 20 millions de dollars en échange d’une participation minoritaire dans la société, avec la possibilité de prendre des engagements financiers subséquents tout au long de la période de notre investissement. Quelle est la durée de la période de détention du CBGF? RocketDigital2024-08-21T08:49:52-04:00Quelle est la durée de la période de détention du CBGF? Étant donné que le CBGF possède une structure à long terme, notre période de détention n’est pas définie selon des délais précis. Le propriétaire de l’entreprise peut définir le taux de croissance et la stratégie commerciale qui conviennent le mieux à son entreprise, pas nécessairement une stratégie et un horizon de sortie dictés par les restrictions au niveau des fonds d’un investisseur. L’objectif à plus long terme du fonds élimine une grande partie de la pression visant à faire prospérer l’argent et à sortir des investissements en fonction de motivations ou de limitations au niveau du fonds. La décision pour la société à savoir à quel moment vendre sera la sienne, pas la nôtre. Qu’est-ce que le Réseau de talents du CBGF? RocketDigital2024-08-21T08:50:14-04:00Qu’est-ce que le Réseau de talents du CBGF? Le réseau de talents est un ensemble d’entrepreneurs, de cadres, de conseillers, de mentors et de firmes de services professionnels chevronnés au sein du réseau du CBGF qui peuvent travailler avec les équipes de direction des entreprises que nous soutenons pour les aider à atteindre le niveau supérieur. Ces conseils peuvent prendre la forme de mentors, de rôles au sein du conseil d’administration, de conseillers, de présidents de conseil ou de consultants. Nous pensons que notre réseau est un facteur de différenciation important pour les entreprises soutenues par le CBGF. Vous associez-vous avec d’autres? RocketDigital2024-08-21T08:50:26-04:00Vous associez-vous avec d’autres? Oui, notre objectif consiste à faire de notre mieux pour l’entreprise. Nous sommes heureux de travailler avec d’autres investisseurs qui ont des objectifs et des aspirations semblables aux nôtres. Le CBGF peut diriger ou participer avec d’autres à des transactions. Le CBGF investit-il dans des entreprises en démarrage ou dans des entreprises ayant un BAAIIA négatif? RocketDigital2024-08-21T08:50:45-04:00Le CBGF investit-il dans des entreprises en démarrage ou dans des entreprises ayant un BAAIIA négatif? La proposition principale de CBGF consiste à investir dans des entreprises existantes dotées d’un solide leadership en matière d’entreprise et de gestion, de bases de clients bien établies, de solides opérations et d’un dossier de rentabilité ou d’une voie clairement établie à court terme vers la rentabilité. Il importe de préciser que le Fonds ne cible pas les entreprises technologiques en démarrage. Nous évaluerons et investirons dans des sociétés qui ne génèrent peut-être pas encore de flux de trésorerie positifs, mais qui ont un modèle d’entreprise éprouvé, des revenus de plus de 5 mm de dollars et une voie claire à court terme (12 à 24 mois) vers la rentabilité. De nombreuses entreprises bien établies privilégient la croissance par rapport aux profits à court terme et investissent grandement dans leurs activités (par ex. : développement de produits, de leur équipe et de leur marketing commercial) pour tirer parti de leur potentiel de croissance. Lorsque nous sélectionnons des possibilités d’investissement qui ne génèrent pas de flux de trésorerie positifs, nous passons beaucoup de temps à en comprendre le modèle commercial, les risques liés aux sources de revenus et la voie démontrée vers la rentabilité avant que l’investissement initial du CBGF ne soit effectué. Le CBGF participera-t-il aux recapitalisations de bilan? RocketDigital2019-04-30T15:31:04-04:00Le CBGF participera-t-il aux recapitalisations de bilan? Nous pouvons envisager d’investir pour aider une entreprise à rembourser une dette ou à restructurer son bilan, dans le but de libérer le flux de trésorerie et/ou d’alléger la pression des clauses restrictives pour poursuivre des stratégies de croissance susceptibles d’entraîner des investissements subséquents. Le CBGF participera-t-il à des mobilisations de fonds à des fins secondaires? RocketDigital2024-08-21T08:51:16-04:00Le CBGF participera-t-il à des mobilisations de fonds à des fins secondaires? Oui, le CBGF peut participer à des levées de fonds à des fins secondaires dans le cadre d’une opération de croissance ou si cela permet de débloquer une croissance future. Les objectifs concurrents de la gestion/des actionnaires actifs et ceux des actionnaires inactifs ou à la retraite sont l’un des obstacles courants à la croissance auxquels nous sommes confrontés. Un groupe recherche la croissance et le réinvestissement, tandis que l’autre cherche à vendre ou à tirer des dividendes annuels de l’entreprise. Cela peut également être le cas lors de transitions ou de successions au sein d’entreprises familiales. Cette dynamique doit être résolue avant qu’une entreprise puisse s’engager dans une stratégie de croissance ambitieuse. Combien de temps vous faut-il pour investir? RocketDigital2024-08-21T08:51:24-04:00Combien de temps vous faut-il pour investir? Nous travaillons vite pour suivre le rythme de nos partenaires entrepreneurs. Notre processus est simplifié et notre processus d’approbation réside dans le fonds. Habituellement, nous concluons dans un délai de 60 à 90 jours après la signature de la feuille de modalités. Nous n’avons pas besoin de présentations sophistiquées, nous travaillons avec les renseignements dont vous disposez facilement. Êtes-vous une entité gouvernementale ou une entreprise publique? RocketDigital2024-08-21T08:51:45-04:00Êtes-vous une entité gouvernementale ou une entreprise publique? Non. Nous sommes une entité indépendante, détenue par des intérêts privés, financée à 100 % par les principales banques et compagnies d’assurance du Canada. Vous ne trouvez pas la réponse à votre question? Questionnez-nous! × Tenez-vous à jour! Inscrivez-vous à notre bulletin pour recevoir les plus récentes nouvelles sur le CBGF directement dans votre boîte de réception. INSCRIVEZ-VOUS DÈS AUJOURD’HUI


- Published: 2019-03-20
- Modified: 2024-01-26
- URL: https://cbgf.com/frequently-asked-questions/

Questions? Browse these CBGF FAQs to find answers to commonly raised questions. Don’t see what’s on your mind? Submit your questions using the form below. Pourquoi le CBGF a-t-il été formé? RocketDigital2024-08-21T08:48:01-04:00Pourquoi le CBGF a-t-il été formé? Au début de 2016, le ministre des Finances du Canada a convoqué le Conseil consultatif sur la croissance économique pour examiner le potentiel à long terme de l’économie canadienne. En février 2017, le Conseil a publié une série de rapports contenant leurs recommandations pour améliorer les perspectives de croissance économique inclusive au Canada. Parmi leurs cinq recommandations interdépendantes visant à accélérer l’innovation et à aider un plus grand nombre de jeunes entreprises et de PME canadiennes à prendre de l’ampleur, ils ont déclaré que le Canada devrait élaborer une stratégie de capital de croissance à valeur ajoutée axée sur les entreprises canadiennes à la croissance la plus rapide. Ces initiatives aideraient le Canada à accroître sa compétitivité mondiale, à atteindre ses objectifs de croissance inclusive et à créer une économie et une main-d’œuvre plus résilientes. L’un des problèmes fondamentaux de l’innovation au Canada est que les entrepreneurs sont doués pour lancer des entreprises, mais que très peu d’entre elles atteignent une échelle significative. Les raisons invoquées comprennent un marché local petit et fragmenté, une pénurie de talents commerciaux expérimentés, un manque de sources de capital de croissance à l’échelle et une aversion au risque de la part de certaines entreprises établies au Canada. Le défi de la croissance réside en partie dans la recherche et l’embauche de talents commerciaux expérimentés. Le Canada compte relativement peu d’entreprises qui ont franchi toutes les étapes de la croissance et ne possède pas de communauté de grandes entreprises pour former ce type de talent. Un autre défi qui a été identifié est l’accès limité au capital de croissance à valeur ajoutée au Canada. Comparativement à leurs homologues des États-Unis, plus de deux fois plus d’entreprises à croissance rapide au Canada ont cité l’accès insuffisant au capital de risque comme leur plus grande préoccupation. Pour en savoir plus sur l’histoire du CBGF. QUE SIGNIFIE ÊTRE UN PARTENAIRE À VALEUR AJOUTÉE POUR LE CBGF? RocketDigital2024-08-15T13:23:25-04:00QUE SIGNIFIE ÊTRE UN PARTENAIRE À VALEUR AJOUTÉE POUR LE CBGF? Nous avons de solides antécédents en matière d’investissement dans des entreprises qui sont prêtes pour la phase suivante de leur parcours de croissance, mais de nombreuses entreprises ne sont pas préparées pour faire face à une croissance importante. Le CBGF apporte immédiatement de la valeur à ses entreprises partenaires en découvrant les lacunes et en identifiant les domaines dans lesquels il faut renforcer les opérations, la gouvernance et l’information financière au cours de l’audit préalable. C’est la première occasion pour le CBGF de démontrer son approche collaborative, où nos conclusions dicteront nos domaines d’intervention à valeur ajoutée après l’investissement. Par exemple, les entreprises peuvent ne pas avoir un conseil d’administration ou un processus de gouvernance bien structuré, des rôles et des responsabilités clairement définis au niveau de l’équipe de direction, ce qui est impératif pour une entreprise bien gérée, ou peuvent présenter des lacunes au niveau des systèmes, de la collecte de données et de l’établissement de rapports. Notre expérience en matière de développement d’entreprises aide les entrepreneurs et les équipes de direction à comprendre ce qu’il faut faire pour débloquer la prochaine phase de croissance de leur entreprise. Quelle est la structure type du CBGF en matière d’investissements? RocketDigital2024-08-21T08:48:47-04:00Quelle est la structure type du CBGF en matière d’investissements? Nous pouvons peuvent être flexibles dans nos structures pour nous adapter à la situation de l’entreprise. Nous pouvons investir sous forme d’actions privilégiées, d’actions ordinaires, d’actions convertibles, de titres de créance ou de titres de créance ou d’actions ordinaires. Nous cherchons généralement à obtenir un siège au conseil d’administration ou un siège d’observateur, ainsi que certaines protections pour less actionnaires minoritaires. QUELS SONT LES SECTEURS D’ACTIVITÉ PRIVILÉGIÉS PAR LE CBGFRocketDigital2024-08-21T08:48:58-04:00QUELS SONT LES SECTEURS D’ACTIVITÉ PRIVILÉGIÉS PAR LE CBGFNous sommes uniques en ce sens que nous nous concentrons sur un large éventail de secteurs. Nous voulons aider les entreprises canadiennes en croissance dirigées par des équipes de gestion ambitieuses. CBGF a investi dans plusieurs secteurs, notamment la consommation discrétionnaire, les technologies de l’information, l’industrie, les soins de santé, les services financiers, l’éducation, les biens de consommation de base, les services aux entreprises et les services de communication. Quelles sont les restrictions d’investissement du CBGF? RocketDigital2024-08-21T08:49:26-04:00Quelles sont les restrictions d’investissement du CBGF? Le CBGF n’est pas une société de capital-risque et ne soutient pas les entreprises dont le profil d’absorption est élevé et s’étale sur plusieurs années. Le CBGF ne peut investir dans les entreprises en démarrage, la promotion immobilière, l’extraction de ressources, le cannabis, les armes et les activités du secteur des assurances. Les entreprises qui offrent des services à des secteurs sont admissibles. Le CBGF ne peut pas investir dans le contrôle d’une entreprise, ou investir dans une entreprise dont le siège social est à l’extérieur du Canada. Quelle est la taille d’un investissement type de la part du CBGF? RocketDigital2024-08-21T08:49:41-04:00Quelle est la taille d’un investissement type de la part du CBGF? Nous réalisons des investissements initiaux sur toute notre gamme indiquée, allant de 5 à 20 millions de dollars en échange d’une participation minoritaire dans la société, avec la possibilité de prendre des engagements financiers subséquents tout au long de la période de notre investissement. Quelle est la durée de la période de détention du CBGF? RocketDigital2024-08-21T08:49:52-04:00Quelle est la durée de la période de détention du CBGF? Étant donné que le CBGF possède une structure à long terme, notre période de détention n’est pas définie selon des délais précis. Le propriétaire de l’entreprise peut définir le taux de croissance et la stratégie commerciale qui conviennent le mieux à son entreprise, pas nécessairement une stratégie et un horizon de sortie dictés par les restrictions au niveau des fonds d’un investisseur. L’objectif à plus long terme du fonds élimine une grande partie de la pression visant à faire prospérer l’argent et à sortir des investissements en fonction de motivations ou de limitations au niveau du fonds. La décision pour la société à savoir à quel moment vendre sera la sienne, pas la nôtre. Qu’est-ce que le Réseau de talents du CBGF? RocketDigital2024-08-21T08:50:14-04:00Qu’est-ce que le Réseau de talents du CBGF? Le réseau de talents est un ensemble d’entrepreneurs, de cadres, de conseillers, de mentors et de firmes de services professionnels chevronnés au sein du réseau du CBGF qui peuvent travailler avec les équipes de direction des entreprises que nous soutenons pour les aider à atteindre le niveau supérieur. Ces conseils peuvent prendre la forme de mentors, de rôles au sein du conseil d’administration, de conseillers, de présidents de conseil ou de consultants. Nous pensons que notre réseau est un facteur de différenciation important pour les entreprises soutenues par le CBGF. Vous associez-vous avec d’autres? RocketDigital2024-08-21T08:50:26-04:00Vous associez-vous avec d’autres? Oui, notre objectif consiste à faire de notre mieux pour l’entreprise. Nous sommes heureux de travailler avec d’autres investisseurs qui ont des objectifs et des aspirations semblables aux nôtres. Le CBGF peut diriger ou participer avec d’autres à des transactions. Le CBGF investit-il dans des entreprises en démarrage ou dans des entreprises ayant un BAAIIA négatif? RocketDigital2024-08-21T08:50:45-04:00Le CBGF investit-il dans des entreprises en démarrage ou dans des entreprises ayant un BAAIIA négatif? La proposition principale de CBGF consiste à investir dans des entreprises existantes dotées d’un solide leadership en matière d’entreprise et de gestion, de bases de clients bien établies, de solides opérations et d’un dossier de rentabilité ou d’une voie clairement établie à court terme vers la rentabilité. Il importe de préciser que le Fonds ne cible pas les entreprises technologiques en démarrage. Nous évaluerons et investirons dans des sociétés qui ne génèrent peut-être pas encore de flux de trésorerie positifs, mais qui ont un modèle d’entreprise éprouvé, des revenus de plus de 5 mm de dollars et une voie claire à court terme (12 à 24 mois) vers la rentabilité. De nombreuses entreprises bien établies privilégient la croissance par rapport aux profits à court terme et investissent grandement dans leurs activités (par ex. : développement de produits, de leur équipe et de leur marketing commercial) pour tirer parti de leur potentiel de croissance. Lorsque nous sélectionnons des possibilités d’investissement qui ne génèrent pas de flux de trésorerie positifs, nous passons beaucoup de temps à en comprendre le modèle commercial, les risques liés aux sources de revenus et la voie démontrée vers la rentabilité avant que l’investissement initial du CBGF ne soit effectué. Le CBGF participera-t-il aux recapitalisations de bilan? RocketDigital2019-04-30T15:31:04-04:00Le CBGF participera-t-il aux recapitalisations de bilan? Nous pouvons envisager d’investir pour aider une entreprise à rembourser une dette ou à restructurer son bilan, dans le but de libérer le flux de trésorerie et/ou d’alléger la pression des clauses restrictives pour poursuivre des stratégies de croissance susceptibles d’entraîner des investissements subséquents. Le CBGF participera-t-il à des mobilisations de fonds à des fins secondaires? RocketDigital2024-08-21T08:51:16-04:00Le CBGF participera-t-il à des mobilisations de fonds à des fins secondaires? Oui, le CBGF peut participer à des levées de fonds à des fins secondaires dans le cadre d’une opération de croissance ou si cela permet de débloquer une croissance future. Les objectifs concurrents de la gestion/des actionnaires actifs et ceux des actionnaires inactifs ou à la retraite sont l’un des obstacles courants à la croissance auxquels nous sommes confrontés. Un groupe recherche la croissance et le réinvestissement, tandis que l’autre cherche à vendre ou à tirer des dividendes annuels de l’entreprise. Cela peut également être le cas lors de transitions ou de successions au sein d’entreprises familiales. Cette dynamique doit être résolue avant qu’une entreprise puisse s’engager dans une stratégie de croissance ambitieuse. Combien de temps vous faut-il pour investir? RocketDigital2024-08-21T08:51:24-04:00Combien de temps vous faut-il pour investir? Nous travaillons vite pour suivre le rythme de nos partenaires entrepreneurs. Notre processus est simplifié et notre processus d’approbation réside dans le fonds. Habituellement, nous concluons dans un délai de 60 à 90 jours après la signature de la feuille de modalités. Nous n’avons pas besoin de présentations sophistiquées, nous travaillons avec les renseignements dont vous disposez facilement. Êtes-vous une entité gouvernementale ou une entreprise publique? RocketDigital2024-08-21T08:51:45-04:00Êtes-vous une entité gouvernementale ou une entreprise publique? Non. Nous sommes une entité indépendante, détenue par des intérêts privés, financée à 100 % par les principales banques et compagnies d’assurance du Canada. Don't see an answer you are looking for? Reach out today! × Stay Up-to-date! Join our newsletter to receive the latest CBGF news, direct to your inbox. SIGN UP TODAY


- Published: 2018-10-01
- Modified: 2024-08-15
- URL: https://cbgf.com/fr/portefeuille/

Le portefeuille du CBGF représente un échantillon de l’économie canadienne. Bien que diversifiées sur le plan géographique et industriel, les équipes de gestion talentueuses, dotées de solides plans d'expansion et des compétences nécessaires pour concrétiser leur vision, constituent une constante du portefeuille du CBGF. CBGF fournit à ces entreprises prometteuses des capitaux et un soutien à valeur ajoutée pour les faire passer à la vitesse supérieure. Voir Plus de Témoignages Filter ByAllCurrentPrevious Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de l’investissement Mars 2020 Secteur Gestion environnementale Site Web E360s. ca Direction Danny Ardellini, fondateur & PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2023 Secteur Services financiers Site Web Fundthrough. com Direction Steven Uster, co-fondateur et PDG Deepak Ramachandran, co-fondateur et TC Apprenez-en plus siège social de l’entreprise Calgary en Alberta Date de l’investissement Novembre 2021 Secteur Solutions de reconnaissance des employés Site Web Kudos. com Direction Muni Boga, co-fondateur et président, directeur général Tom Short, co-fondateur et chef du service à la clientèle Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Janvier 2025 Secteur Services de santé mentale Site Web Layla. care Direction Samer Abughannam, co-fondateur et PDG Saretta Herman, co-fondatrice et directrice des services cliniques Apprenez-en plus siège social de l’entreprise Halifax en N. -É. Investissement entre Octobre 2020 à mars 2026 Secteur Renseignements de sécurité Apprenez-en plus siège social de l’entreprise Kelowna, C. -B. Date de l’investissement Septembre 2018 Secteur Réparation de carrosserie automobile Site Web Liftautogroup. com Direction Mark Reineking PDG et Michael Schurink DE Apprenez-en plus siège social de l’entreprise Calgary (Alberta) Date de l’investissement Mai 2025 Secteur Services juridiques Site Web Litcolso. com Direction Todd Litwiniuk, chef de la direction Fred Litwiniuk, chef de la croissance Apprenez-en plus siège social de l’entreprise Scarborough en Ontario Date de l’investissement Juin 2025 Secteur Gestion de l’environnement Site Web Minussolutions. com Direction Louis Anagnostakos, PDG Apprenez-en plus siège social de l’entreprise Winnipeg au Manitoba Date de l’investissement Novembre 2021 Secteur Services de développement et d’apprentissage des employés Site Web Neovation. com Direction Dan Belhassen, fondateur et PDG Apprenez-en plus siège social de l’entreprise London en Ontario Date de l’investissement Janvier 2021 Secteur Solutions de paiement Site Web Paystone. com Direction Tarique Al-Ansari (co-fondateur et PDG) Abdullah Saab (co-fondateur et directeur financier) Apprenez-en plus siège social de l’entreprise Saint John au Nouveau-Brunswick Date de l’investissement Juillet 2022 Secteur Gestion des connaissances Site Web Procedureflow. com Direction Daniella Degrace, cofondatrice et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2019 Secteur Technologie éducative Site Web Prodigygame. com Direction Alex Peters et Rohan Mahimker, co-fondateurs et présidents, directeurs généraux Apprenez-en plus siège social de l’entreprise Dartmouth, NE Date de l’investissement Juin 2020 Secteur Logiciel d’automatisation des propositions Site Web Proposify. com Direction Kyle Racki, co-fondateur et PDG Kevin Springer, co-fondateur et chef de l’exploitation Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Août 2021 Secteur Biens de consommation de base et cyclique Site Web Shopperplus. ca/fr Direction Jack Zhan, fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Février 2023 Secteur Services de soins de santé Site Web Specialtymedicalpartners. com Direction Michael Black, co-fondateur et PDG Graham Neil, co-fondateur et directeur financier Dr Cameron Gilbert, président Olia Galeva, chef de l’exploitation Dr. Krishna Sharma, médecin-chef Apprenez-en plus siège social de l’entreprise Toronto, ON Date de l’investissement Mai 2019 Secteur Soins de santé Site Web Unyte. com Direction Jason Tafler, PDG Anthony Kanfer, Président et CO Apprenez-en plus siège social de l’entreprise Saskatoon, SK Date de l’investissement Juillet 2019 Secteur Distributeur de logiciels Site Web Vendasta. com Direction Brendan King, co-fondateur et PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Mai 2020 Secteur Technologie éducative Site Web Xello. world/fr Direction Matt McQuillen, co-fondateur et PDG Jeff Harris, co-fondateur et président Apprenez-en plus


- Published: 2018-09-27
- Modified: 2024-08-14
- URL: https://cbgf.com/portfolio/

CBGF’s portfolio represents a cross-section of the Canadian economy. While diverse across geography and industry, a constant in CBGF’s portfolio are the talented management teams with solid expansion plans and the skill to execute on their vision. CBGF is providing these promising companies with capital and value-add support to help take their business to the next level. View More Testimonials Filter ByAllCurrentPrevious Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested Since November 2021 Sector Employee Recognition Solutions Website Kudos. com Leadership Muni Boga, Co-Founder & CEO Tom Short, Co-Founder & CCO Learn more Head Office Toronto, ON Invested Since January 2025 Sector Mental Health Services Website Layla. care Leadership Samer Abughannam, Co-Founder & CEO Saretta Herman, Co-Founder & Clinical Director Learn more Head Office Halifax, NS Invested Between October 2020 to March 2026 Sector Security Intelligence Learn more Head Office Kelowna, BC Invested Since September 2018 Sector Automotive Collision Repair Website Liftautogroup. com Leadership Mark Reineking, CEO Michael Shurink, COO Brad Kopp, Executive Vice President Learn more Head Office Calgary, AB Invested Since May 2025 Sector Legal Services Website Litcolso. com Leadership Todd Litwiniuk, Chief Executive Officer Fred Litwiniuk, Chief Growth Officer Learn more Head Office Scarborough, ON Invested Since June 2025 Sector Environmental Management Website Minussolutions. com Leadership Louis Anagnostakos, CEO Learn more Head Office Winnipeg, MB Invested Since November 2021 Sector Employee Learning & Development Services Website Neovation. com Leadership Dan Belhassen, Founder & CEO Learn more Head Office London, ON Invested Since January 2021 Sector Payment Solutions Website Paystone. com Leadership Tarique Al-Ansari, Co-Founder & CEO Abdullah Saab, Co-Founder & CFO Learn more Head Office Saint John, NB Invested Since July 2022 Sector Knowledge Management Website Procedureflow. com Leadership Daniella Degrace, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2019 Sector Educational Technology Website Prodigygame. com Leadership Alex Peters, Co-Founder & Co-CEO Rohan Mahimker, Co-Founder & Co-CEO Learn more Head Office Dartmouth, NS Invested Since June 2020 Sector Proposal Automation Software Website Proposify. com Leadership Kyle Racki, Co-Founder & CEO Learn more Head Office Montreal, QC Invested Since August 2021 Sector Consumer Staples & Consumer Discretionary Website Shopperplus. ca Leadership Jack Zhan, Founder & CEO Learn more Head Office Toronto, ON Invested Since February 2023 Sector Healthcare Services Website Specialtymedicalpartners. com Leadership Michael Black, Co-Founder & CEO Graham Neil, Co-Founder & CFO Dr. Cameron Gilbert, President Olia Galeva, COO Dr. Krishna Sharma, Director of Physician Engagement Learn more Head Office Toronto, ON Invested Since May 2019 Sector Health Care Website Unyte. com Leadership Jason Tafler, CEO Anthony Kanfer, President & COO Learn more Head Office Saskatoon, SK Invested Since July 2019 Sector Software Distributor Website Vendasta. com Leadership Brendan King, Co-Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2020 Sector Educational Technology Website Xello. world Leadership Matt McQuillen, Co-Founder & CEO Jeff Harris, Co-Founder & President Learn more


- Published: 2018-06-14
- Modified: 2026-01-30
- URL: https://cbgf.com/fr/

Nous croyonsLe CBGF aide les entreprises canadiennes en leur fournissant le capital, le talent et l'expertise dont elles ont besoin pour stimuler leur croissance et réaliser leur potentiel. APPRENEZ-EN PLUS SUR NOTRE MISSION ET NOTRE VISIONSoutenus par les principales banques et compagnies d'assurance du Canada, nous avons pour mandat national de fournir des capitaux minoritaires patients et à long terme aux entrepreneurs qui poursuivent des stratégies de croissance, d'expansion et de transitions. Grâce à des engagements en capital de 545 millions $, le CBGF est un partenaire indépendant, axé sur les valeurs, pour les équipes déterminées à faire passer leur entreprise au niveau supérieur. Les dernières nouvelles et perspectivesSuivez les dernières nouvelles et perspectives pour en savoir plus sur la façon dont le CBGF aide les entreprises canadiennes à obtenir le capital, le talent et l'expertise dont elles ont besoin pour stimuler leur croissance et réaliser leur potentiel. INSCRIVEZ-VOUS DÈS AUJOURD’HUICategories: PerspectivesThe $10 Million Question: Why Canada’s EOT Tax Incentive Should Be Made Permanentavril 24, 2026 Categories: PerspectivesHow an Equity Partner Makes Employee Ownership Workavril 22, 2026 Lisez l’intégralité du bilan de l’année 2025 APPRENEZ-EN PLUS Comment investissions-nousNous considérons nos investissements comme des partenariats. En tant qu’investisseur minoritaire, les équipes que nous soutenons et les relations que nous établissons avec elles sont fondamentales pour notre réussite collective. Lorsque nous investissons, nous adoptons une vision à long terme et traitons la relation avec sérieux dès le premier jour. Nous sommes diligents et méthodiques, mais nous nous efforçons d’être pragmatiques et collaboratifs pour garder les entreprises concentrées sur leurs opérations. Nos critères d’investissementNous aidons les CanadiensPour réaliser leur plein potentiel, les entreprises ont besoin de bien plus que seulement du capital. Lorsque le CBGF investit, nous apportons l'expérience de notre équipe en matière d’opérations et de stratégie d'entreprise, d'investissement et de financement des entreprises, et nous partageons notre réseau de professionnels et de prestataires de service qui peuvent aider les entrepreneurs à combler les lacunes critiques en matière de connaissances et de talents qui apparaîtront probablement au fur et à mesure de l'expansion de leur entreprise. Nous aidons en soutenant nos partenaires et en leur permettant de faire ce qu’ils font le mieux – gérer leur entreprise. Notre approche CONTACT US TODAY We do things a little differently.


- Published: 2018-06-13
- Modified: 2024-08-20
- URL: https://cbgf.com/fr/contactez-nous/

Nos bureaux(416) 364-2243 (CBGF)1 833 459-2243 (CBGF) contact@cbgf. com 145 rue King Ouest, bureau 730 Toronto (Ontario) M5H 1J8 Tenez-vous à jour! Inscrivez-vous à notre bulletin pour recevoir les plus récentes nouvelles sur le CBGF directement dans votre boîte de réception. INSCRIVEZ-VOUS DÈS AUJOURD’HUI


- Published: 2018-06-13
- Modified: 2025-12-01
- URL: https://cbgf.com/fr/lequipe/

L’équipe du CBGFL'équipe du CBGF a été créée en tenant compte d'une chose : aider les entreprises canadiennes moyennes à se développer. Notre équipe compte plus de 100 ans d'expérience en matière d’entrepreneuriat, de leadership et d'investissement. Nous offrons une vaste perspective et des antécédents de réussites au sein d’un large éventail d'industries, de types d'investissements et de zones géographiques. Nous avons une passion pour l'entrepreneuriat et le développement ; peu importe les possibilités ou les défis qui se profilent, notre équipe est là pour vous aider! Filtrer parAllLeadershipInvestissementPortefeuilleOpérations & FinancesAndrea PereiraDIRECTOR OF PORTFOLIO Andrew LawlorDIRECTOR Anna GilliattCHIEF OF STAFF Dale TingleyCO-MANAGING PARTNER Erica CalizonEXECUTIVE ASSISTANT Ethan LuepannASSOCIATE Hai Tran-VietCO-MANAGING PARTNER Jade BilodeauANALYST Jamie LearmonthVICE PRESIDENT Jenny NguyenPORTFOLIO MANAGER Karoline ElkindCFO & PARTNER Keith TownsendVP INFORMATION TECHNOLOGY Kevan LoASSOCIATE Kuba SoltysiakDIRECTOR Lilian WongSENIOR MANAGER, ACCOUNTING Logan HaleANALYST Naxin ZhangSENIOR ACCOUNTANT Prajwol BhandaryPORTFOLIO ASSOCIATE Robin DinhVALUATION ANALYST Sheri HerblumVALUATION MANAGER Simon GrammerANALYST We do things a little differently.


- Published: 2018-06-13
- Modified: 2022-06-21
- URL: https://cbgf.com/fr/nouvelles-perspectives/

Nouvelles sur le CBGF Nouvelles sur le portefeuille Show All L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXRocketDigital2025-04-25T10:14:11-04:00novembre 1, 2024| L'équipe du CBGF célèbre son nouveau chapitre et ouvre Read More Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. RocketDigital2024-11-06T13:25:50-05:00septembre 6, 2024| Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur Read More CBGF annonce sa certification B Corp CBGF annonce sa certification B Corp CBGF annonce sa certification B CorpRocketDigital2024-06-19T09:26:18-04:00juin 19, 2024| CBGF annonce sa certification B Corp Toronto (Ontario) Read More Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaRocketDigital2023-12-21T10:45:17-05:00juin 20, 2023| Le Fonds de croissance des entreprises du Canada (CBGF) Read More Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréativesRocketDigital2022-05-30T16:57:46-04:00mai 25, 2022|Read More Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréativesRocketDigital2022-09-22T14:00:38-04:00mai 25, 2022| Amilia reçoit 30 millions de dollars afin d'accélérer la Read More Nous célébrons 25 investissements Nous célébrons 25 investissements Nous célébrons 25 investissementsRocketDigital2023-04-25T11:44:56-04:00Décembre 17, 2021| Nous célébrons 25 investissements Le CBGF Read More Le CBGF annonce un investissement de suivi auprès de ThoughtWire Le CBGF annonce un investissement de suivi auprès de ThoughtWire Le CBGF annonce un investissement de suivi auprès de ThoughtWireRocketDigital2022-09-22T14:05:58-04:00août 26, 2021| Le CBGF annonce un investissement de suivi auprès de ThoughtWire Read More CBGF Bilan de l’année 2020 CBGF Bilan de l’année 2020 CBGF Bilan de l’année 2020RocketDigital2021-03-25T15:20:39-04:00février 10, 2021|À la fin de chaque année, nous examinons les progrès Read More Busbud obtient un financement de 15 millions de dollars Busbud obtient un financement de 15 millions de dollars Busbud obtient un financement de 15 millions de dollarsRocketDigital2020-09-29T09:56:12-04:00septembre 29, 2020|Read More Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligentsRocketDigital2022-09-22T14:10:44-04:00juillet 17, 2020| Telus a fait l'acquisition de Mobile Klinik, une chaîne Read More CBGF célèbre son deuxième anniversaire! CBGF célèbre son deuxième anniversaire! CBGF célèbre son deuxième anniversaire! RocketDigital2021-11-15T12:00:23-05:00juin 30, 2020| CBGF célèbre son deuxième anniversaire! Ce mois-ci, nous Read More Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenant Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenant Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenantRocketDigital2021-02-11T16:36:29-05:00avril 2, 2020| Qu'est-ce que le séminaire en ligne : Coronavirus – Read More Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennes Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennes Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennesRocketDigital2022-10-31T10:45:38-04:00mars 13, 2020| Écoutez le balado : Capitaux de croissance minoritaire patients Read More CBGF annonce un investissement dans Environmental 360 Solutions Inc. CBGF annonce un investissement dans Environmental 360 Solutions Inc. CBGF annonce un investissement dans Environmental 360 Solutions Inc. RocketDigital2021-01-29T09:59:12-05:00mars 3, 2020| CBGF annonce un investissement dans Environmental 360 Solutions Inc. Read More CBGF Bilan de l’annee 2019 CBGF Bilan de l’annee 2019 CBGF Bilan de l’annee 2019RocketDigital2021-11-15T12:00:50-05:00janvier 28, 2020| CBGF Bilan de l'annee 2019 Aujourd'hui, le Fonds Read More Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises » Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises » Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises »RocketDigital2022-09-22T14:12:30-04:00novembre 6, 2019| Ottawa Business Journal : « À long terme, nous Read More Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administration Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administration Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administrationRocketDigital2022-09-22T14:14:52-04:00novembre 4, 2019| Unyte annonce la nomination de Mike Kessel, PDG de Read More Lift Auto Group annonce sa 9e acquisition à ce jour Lift Auto Group annonce sa 9e acquisition à ce jour Lift Auto Group annonce sa 9e acquisition à ce jourRocketDigital2022-09-22T14:16:53-04:00novembre 4, 2019| Lift Auto Group annonce sa 9e acquisition à ce Read More Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutive Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutive Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutiveRocketDigital2022-09-22T14:18:48-04:00novembre 4, 2019| Appnovation figure au palmarès des entreprises canadiennes à la Read More Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and Mail Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and Mail Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and MailRocketDigital2022-09-22T14:22:32-04:00novembre 4, 2019| Prodigy Education est considérée comme étant l’une des trois Read More Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and Mail Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and Mail Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and MailRocketDigital2022-09-22T14:23:42-04:00novembre 4, 2019| Vendasta désignée parmi les entreprises à la croissance la Read More PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au Canada PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au Canada PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au CanadaRocketDigital2022-09-22T14:24:48-04:00novembre 4, 2019| PayBright amasse 34 millions de dollars en financement par Read More Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and Mail Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and Mail Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and MailRocketDigital2022-09-22T14:26:09-04:00novembre 4, 2019| Mobile Klinik est classée 9e sur la liste Startup Read More SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au Canada SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au Canada SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au CanadaRocketDigital2022-09-22T14:29:28-04:00novembre 4, 2019| SendtoNews s’est classée au 4e rang en tant qu’entreprise Read More Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. RocketDigital2022-09-22T14:30:34-04:00juin 20, 2019| Le fonds permanent comble le déficit de capital de Read More CBGF célèbre le premier anniversaire de son lancement CBGF célèbre le premier anniversaire de son lancement CBGF célèbre le premier anniversaire de son lancementRocketDigital2022-09-22T15:41:39-04:00juin 19, 2019| CBGF célèbre le premier anniversaire de son lancement Read More Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprises Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprises Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprisesRocketDigital2022-09-22T14:34:27-04:00avril 5, 2019| Les entrepreneurs canadiens peuvent évoluer à long terme sans Read More Bilan de l’année 2018 Bilan de l’année 2018 Bilan de l’année 2018RocketDigital2023-12-22T11:10:41-05:00février 6, 2019|Bilan de l’année 2018 Levée de fonds permanents Read More Le Fonds de croissance des entreprises canadiennes : Souligner une étape importante Le Fonds de croissance des entreprises canadiennes : Souligner une étape importante Le Fonds de croissance des entreprises canadiennes : Souligner une étape importanteRocketDigital2022-09-22T14:36:58-04:00janvier 30, 2019| Le Fonds de croissance des entreprises canadiennes : Souligner Read More Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieure Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieure Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieureRocketDigital2022-09-22T15:48:09-04:00octobre 30, 2018| Fournir aux entrepreneurs canadiens l'accès au capital de croissance Read More Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissement Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissement Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissementRocketDigital2022-09-22T15:45:31-04:00octobre 2, 2018| Le Fonds de croissance des entreprises canadiennes choisit une Read More Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprises Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprises Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprisesRocketDigital2022-09-22T15:49:19-04:00juin 25, 2018| Un fonds d'investissement parie un milliard de $ sur Read More Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprises Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprises Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprisesRocketDigital2022-09-22T15:50:28-04:00juin 25, 2018| Fonds de croissance des entreprises canadiennes investira 1 milliard Read More Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaire Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaire Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaireRocketDigital2021-02-12T11:05:10-05:00juin 19, 2018| Financé par les principales banques et compagnies d'assurance du Read More Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprises Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprises Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprisesRocketDigital2022-09-22T15:51:54-04:00juin 13, 2018| Les ministres Morneau et Chagger accueillent favorablement le lancement Read More Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollars Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollars Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollarsRocketDigital2022-09-22T15:53:29-04:00juin 13, 2018| Les banques et les compagnies d'assurance annoncent un Fonds Read More Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendante Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendante Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendanteRocketDigital2022-09-22T15:54:35-04:00juin 13, 2018| Le fonds canadien pour l'expansion des entreprises annonce la Read More We do things a little differently.


- Published: 2018-06-13
- Modified: 2024-08-20
- URL: https://cbgf.com/fr/legal/

Conditions d'utilisation et politique de confidentialité Ces conditions d'utilisation et la politique de confidentialité régissent l'accès à l'utilisation du site Web identifié par le nom de domaine « CBGF. com » (le « site Web »). Veuillez lire attentivement ces conditions d'utilisation et la politique de confidentialité avant d'utiliser le site Web. En utilisant le site Web, vous indiquez que vous acceptez les présentes conditions d'utilisation et la politique de confidentialité et que vous êtes légalement lié par celles-ci. Si vous n'acceptez pas et n'acceptez pas d'être légalement lié par et de respecter toutes ces Conditions d'utilisation et Politique de confidentialité, vous n'êtes pas autorisé à accéder au Site ou à l'utiliser autrement. Le site Web est exploité par ou à la demande du Fonds de croissance des entreprises canadiennes et/ou de ses sociétés de portefeuille, filiales et sociétés affiliées (selon le cas) (« CBGF »). Utilisation informative seulement L'information contenue dans le site Web (l '« Information ») est préparée uniquement dans le but de fournir de l'information sur le CBGF et est considérée comme exacte au moment de la publication et/ou de la mise à jour du site Web. Cependant, le CBGF ne garantit pas et ne fait aucune déclaration concernant la qualité, la pertinence, l'exactitude, l'exhaustivité ou les délais de l'information contenue dans le site Web. Ce site Web et les informations qu'il contient peuvent inclure des déclarations sur des événements futurs prévus et/ou des résultats financiers qui sont de nature prospective et soumis à des risques et incertitudes. Le CBGF prévient que le rendement réel sera affecté par un certain nombre de facteurs, dont beaucoup sont hors du contrôle du CBGF. Les résultats futurs peuvent différer considérablement des attentes actuelles du CBGF. Ce site Web et les informations qu'il contient ne constituent pas une offre ou une sollicitation par quiconque dans une juridiction dans laquelle une telle offre ou sollicitation n'est pas autorisée ou à toute personne à qui il est illégal de faire une telle offre ou sollicitation. Limitation de responsabilité Dans la mesure permise par la loi applicable, le CBGF ne sera en aucun cas responsable vis-à-vis de toute partie pour toute réclamation ou dommages directs, indirects, exemplaires, punitifs, spéciaux ou autres consécutifs aux informations disponibles sur le Site. Dans toute la mesure permise par la loi applicable, le site Web et chaque élément du site Web (y compris, sans s'y limiter, le contenu du site Web) sont fournis « tels quels » et « tels que disponibles », sans aucune représentation, condition ou garantie quelle qu'elle soit. L'ensemble des risques associés à l'utilisation du site Web et de chaque élément du site Web (y compris, sans limitation, le contenu du site Web) vous incombe. Le CBGF décline expressément, dans toute la mesure permise par la loi applicable, toutes les autres représentations ou garanties, expresses, implicites ou légales, y compris, sans s'y limiter, toute garantie de titre, de non-contrefaçon, de non-ingérence et/ou de jouissance tranquille, intégration de système, qualité marchande, aptitude à un usage particulier et précision. Sans limiter la généralité de ce qui précède, le CBGF ne fait aucune représentation ou garantie que : i) le site Web ou tout composant du site Web sera compatible avec votre ordinateur, mobile ou tout autre appareil et/ou logiciel; ii) le site Web ou tout élément du site Web sera disponible ou fonctionnera sans interruption ou erreur; iii) l'utilisation du Site Web ou de tout composant du Site, y compris, sans limitation, la navigation et le téléchargement de toute information ou matériel, sera exempt de virus, chevaux de Troie, vers ou autres composants destructeurs, intrusifs ou perturbateurs; iv) la transmission d'informations vers et depuis le site Web sera sécurisée; v) l'utilisation du site Web ou de tout élément du site Web ne portera pas atteinte aux droits (y compris, sans limitation, les droits de propriété intellectuelle) de toute personne ou entité; ou vi) l'utilisation du site Web ou de tout élément du site Web ne causera aucun dommage à votre ordinateur, appareil mobile ou autre appareil, logiciel ou fichiers électroniques. Propriété intellectuelle Toutes les informations, y compris sans limitation tous les textes, logos, images et rendus contenus dans ce site Web sont la propriété exclusive du CBGF et ne peuvent pas être copiés, reproduits, cités ou autrement utilisés ou reproduits sans le consentement écrit préalable du CBGF. LE FONDS DE CROISSANCE DES ENTREPRISES DU CANADA LP, LE FONDS DE CROISSANCE DES ENTREPRISES DU CANADA GP, le CBGF et tous les noms commerciaux, marques de commerce, noms de domaine, logos et indices d'origine mentionnés ailleurs sur le site Web ou associés au CBGF ou à l'une de ses entités affiliées (les « marques ») sont des marques de commerce déposées ou non déposées appartenant au CBGF ou sont autrement la propriété exclusive du CBGF qui peut être utilisée sous licence dans certains cas. L'utilisation ou la reproduction de l'une des marques est expressément interdite sans le consentement écrit préalable du CBGF. Politique de confidentialité Vous trouverez ci-après ce qui résume les renseignements personnels que le CBGF recueille sur le site Web, et comment il utilise et divulgue cette information. Il décrit également d'autres sujets importants relatifs à votre vie privée. En utilisant le site Web, ou en choisissant de soumettre des renseignements personnels au CBGF, vous signifiez votre consentement à l'ensemble des termes des présentes Conditions d'utilisation et Politique de confidentialité. Si vous n'êtes pas d'accord avec les termes des présentes Conditions d'utilisation et Politique de confidentialité, veuillez ne pas utiliser ce site Web ou soumettre des informations personnelles au CBGF. Le CBGF se réserve le droit de modifier les présentes conditions d'utilisation et la politique de confidentialité à tout moment. Nous reflèterons ces modifications aux présentes Conditions d'utilisation et Politique de confidentialité sur notre site Web et indiquerons sur cette page la date à laquelle les présentes Conditions d'utilisation et Politique de confidentialité ont été modifiées pour la dernière fois. Veuillez réviser périodiquement les présentes Conditions d'utilisation et Politique de confidentialité afin que vous sachiez quelles informations personnelles nous recueillons, comment nous les utilisons et avec qui nous pouvons les partager. Collecte d'informations Les informations personnelles sont des informations sur une personne identifiable, telles que votre nom, votre adresse, votre numéro de téléphone ou votre adresse de courriel. Lorsque vous soumettez une demande ou remplissez un formulaire sur notre site Web, le cas échéant, vous pouvez être invité à entrer votre nom, votre adresse de courriel, votre adresse postale ou votre numéro de téléphone. Nous recueillons également toutes les informations personnelles que vous choisissez d'inclure dans votre demande. Vous pouvez cependant visiter notre site anonymement. Utilisation de l'information Toutes les informations que nous recueillons auprès de vous peuvent être utilisées de l'une des façons suivantes : Personnaliser votre expérience (vos informations nous aident à mieux répondre à vos besoins individuels); Améliorer notre site Web (nous nous efforçons d'améliorer les offres de notre site Web en fonction des informations et des commentaires que nous recevons de votre part); Améliorer le service client (vos informations nous aident à répondre plus efficacement aux demandes de service client et aux besoins de support); Exploiter notre site Web conformément à ses conditions d'utilisation et sa politique de confidentialité; Répondre à vos questions ou à vos demandes de renseignements; Envoyer des communications informatives ou promotionnelles que vous avez accepté de recevoir; Réaliser d'autres objectifs qui vous sont communiqués et auxquels vous consentez; ou Réaliser tout autre but permis ou requis par la loi. Si vous nous avez fourni vos informations personnelles, mais que vous décidez ultérieurement de ne plus nous envoyer d'informations, vous pouvez vous désinscrire en utilisant le message de désabonnement dans nos communications commerciales. Protection de l'information Nous mettons en œuvre diverses mesures de sécurité pour vous aider à protéger vos informations personnelles lorsque vous entrez, soumettez ou accédez à vos informations personnelles, y compris les protections physiques, organisationnelles et technologiques. Les informations personnelles ne sont accessibles qu'aux personnes au sein de notre organisation, ou à nos fournisseurs de services tiers, qui ont besoin d'un tel accès pour réaliser les objectifs indiqués ci-dessus, ou à d'autres fins autorisées ou requises par la loi applicable. Bien que nous ayons pris des mesures pour protéger notre site Web, nos systèmes informatiques et toute information personnelle que nous avons recueillie à la suite d'une utilisation, d'un accès, d'une divulgation, d'une utilisation abusive, d'une altération ou d'une destruction non autorisée, aucune mesure de sécurité ne peut offrir une protection absolue. Nous ne pouvons pas assurer ou garantir la sécurité des informations que vous nous fournissez. Adresses IP et témoins Nous pouvons recueillir votre adresse IP et d'autres informations sur votre ordinateur pour l'administration du système. Il s'agit de données statistiques sur les actions et les habitudes de navigation de nos utilisateurs, et n'identifie aucun individu. Pour la même raison, nous pouvons obtenir des informations sur votre utilisation générale d'Internet en utilisant un fichier témoin qui est stocké sur le disque dur de votre ordinateur. Les témoins nous permettent d'estimer la taille de notre audience et les habitudes d'utilisation et de stocker des informations sur vos préférences, nous permettant ainsi de personnaliser le site Web en fonction de vos intérêts personnels et de vous reconnaître lorsque vous revenez sur le site Web. Nous n'utilisons pas de témoins pour suivre votre utilisation d'Internet après votre départ du Site, ni y stocker des informations personnelles. Vous pouvez refuser d'accepter les témoins en activant le paramètre de votre navigateur qui vous permet de refuser la configuration des témoins. Toutefois, si vous sélectionnez ce paramètre, il se peut que vous ne puissiez pas accéder à certaines parties du site Web. À moins que vous n'ayez modifié les paramètres de votre navigateur pour qu'il refuse les témoins, notre système émettra des témoins lorsque vous accéderez au site Web et vous serez réputé avoir consenti à l'utilisation de ces témoins. Divulgation d'information de tiers Nous pouvons transférer des informations personnelles à des tiers de confiance qui nous aident à exploiter notre site Web, à mener nos activités ou à vous servir, à condition que ces parties acceptent de garder cette information confidentielle. Nous pouvons également divulguer vos informations lorsque nous pensons que la publication est appropriée ou requise pour se conformer à la loi, appliquer nos règles de site Web ou protéger les droits, la propriété ou la sécurité de nos partenaires ou de tiers. Nous nous réservons le droit de transférer tout renseignement personnel que nous détenons à votre sujet dans le cas où nous fusionnerions ou serions acquis par un tiers, ou si une telle transaction était proposée. Cependant, des informations de visiteur non identifiables personnellement peuvent être fournies à d'autres parties à des fins de marketing, de publicité ou à d'autres fins. Contenu de tiers et liens À l'occasion, à notre discrétion, nous pouvons inclure ou offrir des liens vers des sites Web, des produits ou des services de tiers sur notre site Web. Ces sites tiers ont des politiques de confidentialité distinctes et indépendantes. Nous n'avons donc aucune responsabilité pour le contenu et les activités de ces sites liés. Néanmoins, nous cherchons à protéger l'intégrité de notre site Web et à recevoir vos commentaires sur ces sites tiers. Tout lien de ce site Web vers d'autres sites Web, ou des références à des produits, services ou publications autres que ceux du CBGF n'implique pas l'approbation ou l'approbation de ces sites, produits, services ou publications par le CBGF. Conditions d'utilisation en ligne et politique de confidentialité seulement Ces conditions d'utilisation et notre politique de confidentialité en ligne s'appliquent uniquement aux informations collectées via notre site Web et non aux informations collectées hors connexion. Accès et rectification Vous avez le droit de demander l'accès à vos informations personnelles et de demander une correction si vous pensez qu'elles sont inexactes. Si vous avez soumis des informations personnelles au CBGF et souhaitez y avoir accès, ou si vous souhaitez les supprimer ou les corriger, veuillez nous contacter en utilisant les informations de contact fournies ci-dessous. Nous fournirons des efforts raisonnables pour répondre à votre demande. Cependant, dans certains cas, nous ne pouvons pas vous autoriser à accéder à certaines informations personnelles dans certaines circonstances, par exemple si elles contiennent des informations personnelles d'autres personnes, ou pour des raisons légales. Dans de tels cas, nous vous fournirons une explication raisonnable des raisons pour lesquelles il n'est pas possible d'accorder l'accès à vos informations personnelles. Modifications Nous nous réservons le droit, à notre seule et absolue discrétion, de modifier tout ou partie du site Web, et/ou ces conditions d'utilisation et politique de confidentialité, à tout moment sans préavis et sans encourir aucune responsabilité ou obligation. Votre accès continu et/ou votre utilisation du Site Web après de tels changements constituent votre acceptation et votre acceptation d'être légalement lié par ces Conditions d'utilisation et Politique de confidentialité, telles que révisées. Il est de votre entière responsabilité de vérifier régulièrement le site Web pour déterminer s'il y a eu des changements aux présentes conditions d'utilisation et à la politique de confidentialité et d'examiner ces changements. Général Si une disposition de ces Conditions d'utilisation et Politique de confidentialité est jugée invalide ou inapplicable par un tribunal compétent, cette disposition sera appliquée dans toute la mesure permise par la loi applicable, et les dispositions restantes de ces Conditions d'utilisation et Politique de confidentialité doivent continuer en pleine force et effet. Aucun manquement à l'exercice ou la renonciation de toute disposition de ces Conditions d'utilisation et Politique de confidentialité ne sera considéré comme une renonciation supplémentaire ou continue de cette disposition ou toute autre disposition de ces Conditions d'utilisation et Politique de confidentialité. Ces Conditions d'utilisation et Politique de confidentialité engagent vous, vos héritiers, exécuteurs, bénéficiaires, successeurs et ayants droit et vous ne pouvez pas céder ces Conditions d'utilisation et Politique de confidentialité à toute autre partie sans notre consentement écrit préalable, consentement qui peut être refusé dans notre seule et absolue discrétion. Votre consentement En utilisant notre site Web ou en nous fournissant des informations personnelles, vous acceptez nos conditions d'utilisation et notre politique de confidentialité. Comment nous contacter Si vous avez des questions concernant les conditions d'utilisation et la politique de confidentialité, toute information personnelle que vous nous avez soumise, ou si vous souhaitez accéder aux informations personnelles que vous nous avez déjà fournies afin que vous puissiez les corriger ou les mettre à jour, ou demander qu'il soit supprimé; ou pour signaler toute violation des présentes Conditions d'utilisation et Politique de confidentialité; veuillez nous aviser en contactant notre directrice des affaires juridiques en écrivant à : Fonds de croissance des entreprises du Canada 730-145, rue King Ouest, Toronto (Ontario) M5H 1J8 Vous pouvez également nous téléphoner au (416) 364-2243.


- Published: 2018-06-13
- Modified: 2024-08-15
- URL: https://cbgf.com/fr/reseau/

Le CBGF dispose d'un vaste réseau de chefs d'entreprise et d'experts d’industries qui ont une passion pour la croissance et l'aide aux entreprises. Réseau de talentsDans le cadre de nos efforts pour soutenir les entrepreneurs, le CBGF développe son vaste réseau d'exploitants, de professionnels et de prestataires de service expérimentés qui peuvent apporter leur soutien aux entreprises de notre portefeuille. Ces conseillers et ces firmes peuvent contribuer aux stratégies de croissance et d'amélioration opérationnelle tout en encadrant les équipes de gestion des partenaires. Notre réseau de talents peut s’impliquer des façons suivantes: Président du conseil d’administration, membre du conseil d’administration, conseiller ou mentor auprès de nos entreprises de portefeuille Jouer un rôle au niveau administratif auprès de nos entreprises de portefeuille Conseiller CBGF au cours du processus de diligence raisonnable ou soutenir les entreprises de notre portefeuille après l'investissement Notre réseauNous sommes toujours à la recherche de personnes et d’entreprises solides pour rejoindre notre réseau. Si vous êtes un cadre expérimenté qui a fait ses preuves et qui souhaite travailler avec des entreprises de croissance ambitieuses, nous aimerions vous connaître. Si votre entreprise peut soutenir les entreprises du portefeuille du CBGF et apporter une valeur ajoutée, contactez-nous dès aujourd'hui. Contactez-Nous We do things a little differently.


- Published: 2018-06-13
- Modified: 2023-07-26
- URL: https://cbgf.com/fr/contactez-nous/inscription-par-courrier-electronique/

Inscrivez-vous pour recevoir des nouvelles et des mises à jourInscrivez-vous pour recevoir les plus récentes nouvelles directement dans votre boîte de réception. Nous sommes déterminés à respecter votre vie privée et nous n’utiliserons vos données personnelles que pour vous fournir des services et du contenu que vous nous demandez. Pour vous inscrire, veuillez soumettre le formulaire ci-après.


- Published: 2018-06-12
- Modified: 2026-01-30
- URL: https://cbgf.com/

We BelieveCBGF helps Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Learn more about our Mission & VisionSupported by Canada's leading banks and insurance companies, we have a national mandate to provide long-term, patient, minority capital to entrepreneurs pursuing growth, expansion or transition strategies. With capital commitments of $545 million, CBGF is an independent, values-driven partner for teams committed to taking their business to the next level. Latest News & InsightsFollow the latest news and insights to learn more about how CBGF helps Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Sign Up TodayCategories: InsightsThe $10 Million Question: Why Canada’s EOT Tax Incentive Should Be Made PermanentApril 24, 2026 Categories: InsightsHow an Equity Partner Makes Employee Ownership WorkApril 22, 2026 Read the full 2025 Year in Review Learn MoreWe InvestWe view our investments as partnerships. As a minority equity investor, the teams that we back and the relationships we build with them are fundamental to our collective success. When we invest, we take a long-term view and treat the relationship seriously from day one. We are diligent and methodical, but strive to be pragmatic and collaborative to keep companies focused on their operations. Our Investment CriteriaWe Help CanadiansTo realize their full potential, companies need more than capital. When CBGF invests, we bring our team’s experience in business operations, strategy, investing, and corporate finance, and we impart our network of business professionals and service providers that can help entrepreneurs overcome critical knowledge and talent gaps that will likely arise as their businesses expand. We help by supporting our partners and letting them do what they do best – run their business. Our Approach CONTACT US TODAY We do things a little differently.


- Published: 2018-06-12
- Modified: 2024-08-20
- URL: https://cbgf.com/fr/investment-criteria/

Notre objectifCBGF cherche à investir entre 5 et 20 millions de dollars dans des entreprises moyennes rentables ou presque rentables ayant un chiffre d'affaires annuel de 5 millions de dollars ou plus, une trajectoire de croissance démontrée et modèle de gestion, et une vision claire de croissance future. Nous ciblons des entreprises en développement de diverses industries selon les critères suivants: Ce que nous faisons 5 à 100 millions de $ de revenus Entreprises rentables ou presque rentables (12 à 24 mois pour atteindre le seuil de rentabilité) 10 à 40 % de participation en capitaux minoritaires Équipe de gestion entrepreneuriale Investissement de 5 à 20 millions de dollars (actions ordinaires, actions privilégiées ou dettes), en tant que chef de file ou avec des partenaires. Basé au Canada Possibilité d’expansion importante Rachats d'entreprises par les cadres (transition/succession) Ce que nous ne faisons pas Démarrages d’entreprise et modèles d’entreprise non prouvés Contrôle des participations en capital Rachats d'entreprises autres que les rachats d'entreprises par les cadres et les transitions de direction Extraction de ressources, Immobilier, cannabis, crypto-monnaie, jeux d'argent ou munitions La structure type d’investissementNous sommes fiers de rendre le processus d'investissement efficace et rentable. Nos investissements sont généralement structurés à l'aide d'actions privilégiées, d'actions ordinaires ou d'instruments de dette qui peuvent être adaptés aux objectifs et aux bilans des entreprises dans lesquelles nous investissons. Le CBGF est également en mesure de fournir des actions secondaires aux actionnaires dans le cadre d'une transaction de capital de croissance (rachat d’entreprise par les cadres/succession ou transition). Pourquoi s’associer au CBGF? CAPITAL PATIENT ET FLEXIBLE La structure de fonds à long terme du CBGF nous permet d'adopter une approche patiente avec nos investissements. Nous pouvons fournir des capitaux de suivi, au besoin, et chercher à quitter au bon moment pour tous les actionnaires. LES ENTREPRENEURS CONSERVENT LE CONTRÔLE Le CBGF se concentre exclusivement sur les positions minoritaires et notre approche fournit aux entrepreneurs un partenaire collaboratif à valeur ajoutée – pas un actionnaire majoritaire. Apprenez-en davantage sur notre approche UN RÉSEAU INÉGALÉ Le CBGF offre l'accès à son réseau puissant et étendu d'experts, de conseillers en affaires et de prestataires de service, et l'occasion unique de collaborer avec des entrepreneurs partageant les mêmes idées au sein du portefeuille de CBGF. UNE RÉPONSE DIRECTE ET EN TEMPS OPPORTUN Notre équipe agit rapidement pour fournir une indication claire de notre intérêt à poursuivre un investissement potentiel. Nos feuilles de modalités fournissent des éclaircissements sur la valeur, les modalités et le calendrier - il n'y a pas de petits caractères! Contactez-NousVOIR GRAND, C’EST PASSIONNANT. Voir grand, c’est passionnant. Mais après tout ce que vous avez accompli, franchir la prochaine grosse étape peut sembler un peu intimidant. Le CBGF a été créé afin que vous n'ayez pas à le faire seul. Un partenariat avec le CBGF est synonyme de capital, de soutien et d'expérience pour vous permettre de poursuivre vos grandes idées en toute confiance et de découvrir ce que votre entreprise peut devenir. Voyez GRAND – nous vous aiderons à réussir. EXPLOREZ NOTRE PORTEFEUILLE EN PLEINE CROISSANCE We do things a little differently.


- Published: 2018-06-12
- Modified: 2025-03-19
- URL: https://cbgf.com/fr/notre-approche/

Réaliser de grandes choses nécessite du temps. C'est pourquoi le CBGF est structuré de manière à pouvoir adopter une approche patiente et à long terme pour ses investissements. Notre philosophieLorsque nous investissons, nous suivons une approche de partenariat - en ajoutant de la valeur par le biais de relations et de conseils stratégiques, en écoutant et en comprenant avant d'agir, et en nous assurant que nous sommes correctement alignés sur le contrôle, la stratégie et l'horizon de sortie. Dans tout ce que nous faisons, nous nous efforçons d'être justes et raisonnables, de faire preuve de discipline dans nos décisions et de traiter toutes nos parties prenantes avec respect. Pourquoi des capitaux de développement? De nombreuses entreprises canadiennes de taille moyenne considèrent la croissance comme leur objectif principal, mais il existe un manque de capital patient minoritaire pour soutenir leurs plans d'expansion. Sans le bon type de capital de croissance, les entreprises sont incapables de grandir et ratent l’occasion de devenir de grandes entreprises ou vendre trop tôt à des entreprises ou à des firmes étrangères. Les entrepreneurs canadiens racontent une histoire commune lorsqu'on les questionne sur leurs options de financement en vue d’une croissance. Il existe de nombreuses possibilités de financement par emprunt, mais elles ont leurs limites et de nombreux entrepreneurs ont une aversion envers un effet de levier élevé. Il existe de nombreuses sociétés privées de rachat d'actions auxquelles les entrepreneurs pourraient vendre, mais de nombreux entrepreneurs ne sont pas prêts à vendre en totalité ou à travailler pour un actionnaire contrôlant. La différence CBGFLorsque les entrepreneurs cherchent une solution intermédiaire - un partenaire patient où ils peuvent garder le contrôle de leur entreprise, avec une équipe basée au Canada - ils ne savent souvent pas qui appeler. Le CBGF comble cette lacune du marché et offre une option canadienne convaincante aux entreprises qui ont besoin d'un partenaire financier, mais qui souhaitent un alignement à long terme en matière de contrôle, de stratégie et d'horizon de sortie. Notre vision est d'être le fournisseur de capital de choix pour les entrepreneurs ayant des plans de croissance ambitieux, où nous pouvons aider les entreprises à déterminer le capital et les ressources nécessaires pour atteindre leurs objectifs. Téléchargez le document d’une page du CBGF×Inscription à la Newsletter We do things a little differently.


- Published: 2018-06-12
- Modified: 2021-02-12
- URL: https://cbgf.com/fr/a-propos-du-fcec/

VisionLa vision du CBGF consiste à devenir le principal investisseur en capital de croissance et le partenaire de choix du Canada pour les entrepreneurs ambitieux du marché intermédiaire, en les aidant à atteindre leur plein potentiel. Notre Énoncé de MissionFournir du capital minoritaire patient et des conseils stratégiques aux entreprises canadiennes du marché intermédiaire pour soutenir leur croissance et favoriser l'innovation, tout en gagnant des rendements du marché. ValeursINTÉGRITÉNous nous comportons avec intégrité, personnellement et professionnellement. Nous faisons ce qui est juste et équitable dans toutes nos interactions. Nous croyons que c'est la seule façon de faire des affaires, ce qui nous permettra d'établir des relations durables et de réussir à long terme. EXCELLENCENous visons l'excellence dans tout ce que nous faisons et dépassons les attentes. Nous ne serons pas limités par une convention et nous trouverons un meilleur moyen, dans la mesure du possible. Nous sommes déterminés à atteindre notre plein potentiel en aidant nos sociétés émettrices à atteindre le leur. RESPONSABILITÉNous sommes responsables des décisions que nous prenons, indépendamment de leurs résultats. Nous prenons en charge et comprenons l'ampleur de notre engagement envers nos actionnaires, les entités émettrices et les uns envers les autres. PARTENARIATNous sommes en partenariat avec nos actionnaires, nos entités émettrices et nos employés. Nous avons des objectifs communs, nous trouvons une force à travailler ensemble et nous démontrons toujours du respect. Nous croyons que s'écouter les uns les autres et d’avoir une communication ouverte, directe et transparente donnent les meilleurs résultats. PASSIONNous croyons en ce que nous faisons. Nous avons une passion pour le Canada, pour soutenir les entreprises canadiennes et pour les aider à se développer. Nous avons tous rejoint le CBGF pour inspirer, être inspirés, et avoir un impact positif mesurable sur nos entités émettrices, nos employés et nos actionnaires. Notre historique et nos actionnairesEn 2017, le Conseil consultatif pour la croissance économique du ministre des Finances a souligné le défi que doivent relever les entreprises canadiennes pour accéder au capital de croissance, en recommandant la création d'un fonds de croissance du secteur privé pour investir dans des entreprises canadiennes établies tout en contribuant à une économie novatrice et diversifiée. En réaction, les principales banques et compagnies d'assurance du Canada se sont regroupées pour former le CBGF, fournissant au Canada un fonds indépendant du secteur privé axé exclusivement sur l’insuffisance de financement de capital patient minoritaire à laquelle sont confrontées les sociétés de croissance canadiennes. Nous sommes fiers d'avoir le soutien des principales institutions financières du Canada et nous sommes heureux d’être associés avec elles pour soutenir la prochaine génération d'histoires de réussite d'entreprises canadiennes. GouvernanceLe conseil d'administration du CBGF travaille pour s'assurer que le fonds s'acquitte de son mandat d'aider les entreprises canadiennes à se développer tout en favorisant une plus grande confiance et un plus grand esprit d'entreprise au Canada. Dirigé par sa présidente, Dale Ponder, le conseil d'administration du CBGF fournit au Fonds une vaste représentation géographique à travers le Canada et une expérience équilibrée en gouvernance d'entreprise, en leadership, en placements privés et en financement d'entreprise. We do things a little differently.


- Published: 2018-06-08
- Modified: 2022-01-11
- URL: https://cbgf.com/legal/

Terms of Use and Privacy Policy These Terms of Use and Privacy Policy govern access to the use of the website identified by the domain name “CBGF. com” (the “Website”). Please read these Terms of Use and Privacy Policy carefully before using the Website. By using the Website you indicate that you agree to these Terms of Use and Privacy Policy and to be legally bound by them. If you do not accept and agree to be legally bound by and comply with all of these Terms of Use and Privacy Policy, you are not permitted to access or otherwise use the Website. The Website is operated by or at the direction of Canadian Business Growth Fund and/or its holding companies, subsidiaries and affiliates (as applicable) (“CBGF”). Informational Use Only The information contained in the Website (the “Information”) is prepared solely for the purpose of providing information about CBGF and is believed to be accurate at the time of publication and/or update of the Website; however, CBGF does not guarantee or warrant or make any representations concerning the quality, suitability, accuracy completeness or timelines of the Information contained in the Website. This Website and the Information contained within it may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. CBGF cautions that actual performance will be affected by a number of factors, many of which are beyond CBGF’s control. Future results may vary significantly from CBGF’s current expectations. This Website and the Information contained within it does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Limitation of Liability To the maximum extent permitted by applicable law, in no event will CBGF be liable to any party for any claim or any direct, indirect, exemplary, incidental, punitive, special or other consequential damages arising out of information available in the Website. To the maximum extent permitted by applicable law, the Website and each component of the Website (including, without limitation, the Website content) are provided “as is” and “as available”, without any representations, conditions or warranties whatsoever. The entire risk associated with the use of the Website and each component of the Website (including, without limitation, the Website content) resides with you. CBGF expressly disclaims, to the fullest extent permitted by applicable law, all other representations or warranties, whether express, implied, or statutory, including, without limitation, any warranties of title, non-infringement, non-interference and/or quiet enjoyment, system integration, merchantability, fitness for a particular purpose and accuracy. Without limiting the generality of the foregoing, CBGF makes no representation or warranty that: (i) the Website or any component of the Website will be compatible with your computer, mobile or other device and/or software; (ii) the Website or any component of the Website will be available or will function without interruption or error; (iii) the use of the Website or any component of the Website, including, without limitation, the browsing and downloading of any information or material, will be free of any viruses, trojan horses, worms or other destructive, intrusive or disruptive components; (iv) the transmission of information to and from the Website will be secure; (v) the use of the Website or any component of the Website will not infringe the rights (including, without limitation, intellectual property rights) of any person or entity; or (vi) the use of the Website or any component of the Website will not cause any damage to your computer, mobile or other device, software or electronic files. Intellectual Property All the information including without limitation all text, logos, images and renderings contained within and depicted on this Website are the sole and exclusive property of CBGF and may not be copied, reproduced, quoted from or otherwise used or reproduced without the prior written consent of CBGF. CANADIAN BUSINESS GROWTH FUND LP, CANADIAN BUSINESS GROWTH FUND GP, CBGF and all trade names, trademarks, domain names, logos and indicia of origin otherwise referred to on the Website or otherwise associated with CBGF or any of its affiliated entities (the “Brands”) are registered or unregistered trademarks owned by CBGF or are otherwise the sole and exclusive property of CBGF which may be used under license in some instances. The use or reproduction of any of the Brands is expressly prohibited without the prior written consent of the CBGF. Privacy Policy The following summarizes what personal information CBGF collects on the Website, and how it uses and discloses this information. It also describes other important topics relating to your privacy. By using the Website, or by choosing to submit personal information to CBGF, you signify your consent to all of the terms of this Terms of Use and Privacy Policy. If you do not agree with any terms of this Terms of Use and Privacy Policy, please do not use this Website or submit any personal information to CBGF. CBGF reserves the right to modify this Terms of Use and Privacy Policy at any time. We will reflect any such modifications to this Terms of Use and Privacy Policy on our Website and will indicate on this page the date this Terms of Use and Privacy Policy was last amended. Please periodically review this Terms of Use and Privacy Policy so that you know what personal information we collect, how we use it, and with whom we may share it. Information Collection Personal information is information about an identifiable individual, such as your name, address, telephone number, or e-mail address. When submitting an inquiry or completing a form on our Website, as appropriate, you may be asked to enter your: name, e-mail address, mailing address or phone number. We also collect any personal information you choose to include in your inquiry. You may, however, visit our site anonymously. Information Use Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs); To improve our Website (we strive to improve our Website offerings based on the information and feedback we receive from you); To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs); To operate our Website in accordance with its Terms of Use and Privacy Policy; To respond to your questions or inquiries; To send you informational or promotional communications that you have agreed to receive; To carry out other purposes that are disclosed to you and to which you consent; or To carry out any other purpose permitted or required by law. If you have provided us with your personal information, but later decide you no longer want us to send you any information from us, you may unsubscribe by using the unsubscribe message in our commercial communications. Information Protection We implement a variety of security measures to help maintain the safety of your personal information when you enter, submit, or access your personal information, including physical, organizational and technological protections. Personal information may only be accessed by persons within our organization, or our third party service providers, who require such access to carry out the purposes indicated above, or such other purposes as may be permitted or required by the applicable law. Although we have taken measures to help protect our Website, computer systems and any personal information that we have collected from unauthorized use, access, disclosure, misuse, alteration or destruction, no security measures can provide absolute protection. We cannot ensure or warrant the security of any information you provide to us. IP Addresses and Cookies We may collect your IP address and other information about your computer for system administration. This is statistical data about our users’ browsing actions and patterns, and does not identify any individual. For the same reason, we may obtain information about your general internet usage by using a cookie file which is stored on the hard drive of your computer. Cookies enable us to estimate our audience size and usage pattern and store information about your preferences, and to allow us to customise the Website according to your individual interests and recognise you when you return to the Website. We do not use cookies to track your use of the internet after you leave the Website, nor do we store any personal information in them. You may refuse to accept cookies by activating the setting on your browser which allows you to refuse the setting of cookies. However, if you select this setting you may be unable to access certain parts of the Website. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies when you enter the Website and you will be deemed to have consented to the use of such cookies. Third Party Information Disclosure We may transfer personal information to trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate or required to comply with the law, enforce our Website policies, or protect ours or others rights, property, or safety. We reserve the right to transfer any personal information we have about you in the event that we merge with or are acquired by a third party, or should any such transaction be proposed. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other purposes. Third Party Content and Links Occasionally, at our discretion, we may include or offer links to third party websites, products or services on our Website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our Website and welcome any feedback about these third party sites. Any links from this Website to other websites, or references to products, services or publications other than those of CBGF do not imply the endorsement or approval of such websites, products, services or publications by CBGF. Online Terms of Use and Privacy Policy Only This online terms of use and privacy policy applies only to information collected through our Website and not to information collected offline. Access and Rectification You have a right to request access to your personal information and to request a correction to it if you believe it is inaccurate. If you have submitted personal information to CBGF and would like to have access to it, or if you would like to have it removed or corrected, please contact us using the contact information provided below. We will use reasonable efforts to comply with your request; however, in some cases we may not be able to allow you to access certain personal information in certain circumstances, for example if it contains personal information of other persons, or for legal reasons. In such cases, we will provide you with a reasonable explanation of why it is not possible to grant access to your personal information. Modifications We reserve the right, in our sole and absolute discretion, to modify all or any portion of the Website, and/or these Terms of Use and Privacy Policy, at any time without further notice and without incurring any liability or obligation. Your continued access to and/or use of the Website after any such changes constitutes your acceptance of, and agreement to be legally bound by, these Terms of Use and Privacy Policy, as revised. It is your sole responsibility to regularly check the Website to determine if there have been any changes to these Terms of Use and Privacy Policy and to review such changes. General If any provision of these Terms of Use and Privacy Policy is held invalid or unenforceable by any court having competent jurisdiction, such provision shall be enforced to the maximum extent permitted by applicable law, and the remaining provisions of these Terms of Use and Privacy Policy shall continue in full force and effect. No failure to exercise or waiver of any provision of these Terms of Use and Privacy Policy shall be deemed to be a further or continuing waiver of such provision or any other provision of these Terms of Use and Privacy Policy. These Terms of Use and Privacy Policy are binding upon you, your heirs, executors, beneficiaries, successors and assigns and you may not assign these Terms of Use and Privacy Policy to any other party without our prior written consent, which consent may be withheld in our sole and absolute discretion. Your Consent By using our Website or by providing us with personal information, you consent to our Terms of Use and Privacy Policy. How to Contact Us If you have any questions regarding the Terms of Use and Privacy Policy, any personal information you have submitted to us, or if you would like to access personal information that you have already provided to us so that you can correct or update it, or request that it be deleted; or to report any violation of this Terms of Use and Privacy Policy; please advise us by contacting our General Counsel by writing to: Canadian Business Growth Fund 730-145 King Street West, Toronto, ON M5H 1J8 You may also call us at (416) 364-2243 (CBGF)


- Published: 2018-05-29
- Modified: 2025-02-21
- URL: https://cbgf.com/news-insights/

CBGF News Portfolio News Insights Show All L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXRocketDigital2025-04-25T10:14:11-04:00November 1, 2024| L'équipe du CBGF célèbre son nouveau chapitre et ouvre Read More Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. RocketDigital2024-11-06T13:25:50-05:00September 6, 2024| Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur Read More CBGF annonce sa certification B Corp CBGF annonce sa certification B Corp CBGF annonce sa certification B CorpRocketDigital2024-06-19T09:26:18-04:00June 19, 2024| CBGF annonce sa certification B Corp Toronto (Ontario) Read More Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaRocketDigital2023-12-21T10:45:17-05:00June 20, 2023| Le Fonds de croissance des entreprises du Canada (CBGF) Read More Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréativesRocketDigital2022-05-30T16:57:46-04:00May 25, 2022|Read More Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives Amilia reçoit 30 millions de dollars afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréativesRocketDigital2022-09-22T14:00:38-04:00May 25, 2022| Amilia reçoit 30 millions de dollars afin d'accélérer la Read More Nous célébrons 25 investissements Nous célébrons 25 investissements Nous célébrons 25 investissementsRocketDigital2023-04-25T11:44:56-04:00December 17, 2021| Nous célébrons 25 investissements Le CBGF Read More Le CBGF annonce un investissement de suivi auprès de ThoughtWire Le CBGF annonce un investissement de suivi auprès de ThoughtWire Le CBGF annonce un investissement de suivi auprès de ThoughtWireRocketDigital2022-09-22T14:05:58-04:00August 26, 2021| Le CBGF annonce un investissement de suivi auprès de ThoughtWire Read More CBGF Bilan de l’année 2020 CBGF Bilan de l’année 2020 CBGF Bilan de l’année 2020RocketDigital2021-03-25T15:20:39-04:00February 10, 2021|À la fin de chaque année, nous examinons les progrès Read More Busbud obtient un financement de 15 millions de dollars Busbud obtient un financement de 15 millions de dollars Busbud obtient un financement de 15 millions de dollarsRocketDigital2020-09-29T09:56:12-04:00September 29, 2020|Read More Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents Telus a fait l’acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligentsRocketDigital2022-09-22T14:10:44-04:00July 17, 2020| Telus a fait l'acquisition de Mobile Klinik, une chaîne Read More CBGF célèbre son deuxième anniversaire! CBGF célèbre son deuxième anniversaire! CBGF célèbre son deuxième anniversaire! RocketDigital2021-11-15T12:00:23-05:00June 30, 2020| CBGF célèbre son deuxième anniversaire! Ce mois-ci, nous Read More Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenant Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenant Qu’est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenantRocketDigital2021-02-11T16:36:29-05:00April 2, 2020| Qu'est-ce que le séminaire en ligne : Coronavirus – Read More Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennes Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennes Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennesRocketDigital2022-10-31T10:45:38-04:00March 13, 2020| Écoutez le balado : Capitaux de croissance minoritaire patients Read More CBGF annonce un investissement dans Environmental 360 Solutions Inc. CBGF annonce un investissement dans Environmental 360 Solutions Inc. CBGF annonce un investissement dans Environmental 360 Solutions Inc. RocketDigital2021-01-29T09:59:12-05:00March 3, 2020| CBGF annonce un investissement dans Environmental 360 Solutions Inc. Read More CBGF Bilan de l’annee 2019 CBGF Bilan de l’annee 2019 CBGF Bilan de l’annee 2019RocketDigital2021-11-15T12:00:50-05:00January 28, 2020| CBGF Bilan de l'annee 2019 Aujourd'hui, le Fonds Read More Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises » Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises » Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises »RocketDigital2022-09-22T14:12:30-04:00November 6, 2019| Ottawa Business Journal : « À long terme, nous Read More Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administration Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administration Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d’administrationRocketDigital2022-09-22T14:14:52-04:00November 4, 2019| Unyte annonce la nomination de Mike Kessel, PDG de Read More Lift Auto Group annonce sa 9e acquisition à ce jour Lift Auto Group annonce sa 9e acquisition à ce jour Lift Auto Group annonce sa 9e acquisition à ce jourRocketDigital2022-09-22T14:16:53-04:00November 4, 2019| Lift Auto Group annonce sa 9e acquisition à ce Read More Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutive Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutive Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutiveRocketDigital2022-09-22T14:18:48-04:00November 4, 2019| Appnovation figure au palmarès des entreprises canadiennes à la Read More Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and Mail Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and Mail Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and MailRocketDigital2022-09-22T14:22:32-04:00November 4, 2019| Prodigy Education est considérée comme étant l’une des trois Read More Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and Mail Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and Mail Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and MailRocketDigital2022-09-22T14:23:42-04:00November 4, 2019| Vendasta désignée parmi les entreprises à la croissance la Read More PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au Canada PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au Canada PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au CanadaRocketDigital2022-09-22T14:24:48-04:00November 4, 2019| PayBright amasse 34 millions de dollars en financement par Read More Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and Mail Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and Mail Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and MailRocketDigital2022-09-22T14:26:09-04:00November 4, 2019| Mobile Klinik est classée 9e sur la liste Startup Read More SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au Canada SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au Canada SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au CanadaRocketDigital2022-09-22T14:29:28-04:00November 4, 2019| SendtoNews s’est classée au 4e rang en tant qu’entreprise Read More Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. RocketDigital2022-09-22T14:30:34-04:00June 20, 2019| Le fonds permanent comble le déficit de capital de Read More CBGF célèbre le premier anniversaire de son lancement CBGF célèbre le premier anniversaire de son lancement CBGF célèbre le premier anniversaire de son lancementRocketDigital2022-09-22T15:41:39-04:00June 19, 2019| CBGF célèbre le premier anniversaire de son lancement Read More Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprises Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprises Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprisesRocketDigital2022-09-22T14:34:27-04:00April 5, 2019| Les entrepreneurs canadiens peuvent évoluer à long terme sans Read More Bilan de l’année 2018 Bilan de l’année 2018 Bilan de l’année 2018RocketDigital2023-12-22T11:10:41-05:00February 6, 2019|Bilan de l’année 2018 Levée de fonds permanents Read More Le Fonds de croissance des entreprises canadiennes : Souligner une étape importante Le Fonds de croissance des entreprises canadiennes : Souligner une étape importante Le Fonds de croissance des entreprises canadiennes : Souligner une étape importanteRocketDigital2022-09-22T14:36:58-04:00January 30, 2019| Le Fonds de croissance des entreprises canadiennes : Souligner Read More Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieure Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieure Fournir aux entrepreneurs canadiens l’accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieureRocketDigital2022-09-22T15:48:09-04:00October 30, 2018| Fournir aux entrepreneurs canadiens l'accès au capital de croissance Read More Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissement Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissement Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissementRocketDigital2022-09-22T15:45:31-04:00October 2, 2018| Le Fonds de croissance des entreprises canadiennes choisit une Read More Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprises Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprises Un fonds d’investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprisesRocketDigital2022-09-22T15:49:19-04:00June 25, 2018| Un fonds d'investissement parie un milliard de $ sur Read More Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprises Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprises Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprisesRocketDigital2022-09-22T15:50:28-04:00June 25, 2018| Fonds de croissance des entreprises canadiennes investira 1 milliard Read More Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaire Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaire Le Fonds de croissance des entreprises canadiennes (CBGF) stimulera l’expansion et la croissance des entreprises canadiennes du marché intermédiaireRocketDigital2021-02-12T11:05:10-05:00June 19, 2018| Financé par les principales banques et compagnies d'assurance du Read More Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprises Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprises Les ministres Morneau et Chagger accueillent favorablement le lancement d’un fonds canadien pour l’expansion des entreprisesRocketDigital2022-09-22T15:51:54-04:00June 13, 2018| Les ministres Morneau et Chagger accueillent favorablement le lancement Read More Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollars Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollars Les banques et les compagnies d’assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollarsRocketDigital2022-09-22T15:53:29-04:00June 13, 2018| Les banques et les compagnies d'assurance annoncent un Fonds Read More Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendante Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendante Le fonds canadien pour l’expansion des entreprises annonce la nomination d’un directeur général et d’une présidente indépendanteRocketDigital2022-09-22T15:54:35-04:00June 13, 2018| Le fonds canadien pour l'expansion des entreprises annonce la Read More We do things a little differently.


- Published: 2018-05-29
- Modified: 2023-07-26
- URL: https://cbgf.com/contact/signup/

Sign up for news & updatesStay up-to-date on all things CBGF. Sign up to receive the latest news, direct to your inbox. We’re committed to respecting your privacy and will only use your personal information to provide the services and content you request from us. To sign-up, please submit the form below.


- Published: 2018-05-28
- Modified: 2026-04-22
- URL: https://cbgf.com/contact/

Our Office 416-364-2243 (CBGF) Toll Free: 1-833-459-2243 (CBGF) contact@cbgf. com145 King Street West, Suite 730 Toronto, ON, M5H 1J8 Stay Up-to-date! Join our newsletter to receive the latest CBGF news, direct to your inbox. SIGN UP TODAY


- Published: 2018-05-28
- Modified: 2024-08-14
- URL: https://cbgf.com/talent-network/

CBGF has an extensive network of business leaders and industry experts that have a passion for growth and helping companies succeed. Talent NetworkAs part of our efforts to support entrepreneurs, CBGF imparts its extensive network of seasoned business operators, professionals and service providers who can lend support to our portfolio companies. These advisors and firms can help with growth and operational improvement strategies while mentoring partner management teams. Our Talent Network could be involved in the following ways: Board Chair, Board Member, Advisor or Mentor to our portfolio companies To fulfill executive level roles with our portfolio companies To advise CBGF during the due diligence process or support our portfolio companies post-investment Joining Our NetworkWe are always looking for strong people and businesses to join our network. If you are an experienced executive that has ‘been there and done that’ and interested in working with ambitious growth companies, we’d like to hear from you. If your business could support CBGF's portfolio companies and provide value-add, reach out to us today. CONTACT US We do things a little differently.


- Published: 2018-05-28
- Modified: 2025-03-19
- URL: https://cbgf.com/our-approach/

Accomplishing great things takes time. Recognizing this, CBGF is structured so we can take a long-term and patient approach with our investments. PhilosophyWhen we invest, we follow a partnership approach – adding value through relationships and strategic advice, listening and understanding before we act, and making sure that we are properly aligned on control, strategy, and exit horizon. In everything we do, we strive to be fair and reasonable, to exercise discipline when making decisions, and to treat all our stakeholders with respect. Why Growth Capital? Many mid-market Canadian companies identify growth as their primary objective, but there is a lack of patient minority capital to support their expansion plans. Without the right kind of growth capital, businesses are unable to scale up and miss the opportunity to become large businesses, or sell too early to foreign businesses or firms. Canadian entrepreneurs tell a common story when asked about their options for financing growth. There is a lot of debt financing available, but it has its limits for financing growth and many entrepreneurs have an aversion to high leverage. There are many private equity buyout firms they could sell to, but many entrepreneurs are not ready to sell completely or to work for a controlling shareholder. CBGF DifferentiationWhen entrepreneurs are looking for a solution in the middle – a patient partner where they can maintain control of their business, with a Canadian-based team – they often don’t know who to call. CBGF fills this market void and provides a compelling Canadian option for businesses that need a capital partner but want long-term alignment around control, strategy, and exit horizon. Our vision is to be the capital provider of choice for entrepreneurs with ambitious growth plans, where we can help companies determine the capital and resources needed to achieve their goals. Download the CBGF One-Pager We do things a little differently.


- Published: 2018-05-28
- Modified: 2024-08-16
- URL: https://cbgf.com/investment-criteria/

Our FocusCBGF seeks to invest between $5 million to $20 million in profitable or near profitable mid-market companies with $5 million or more in annual revenue, a demonstrated growth trajectory and business model, and a clear vision for future growth. We target growing companies across industries based on the following criteria: What We Do $5 to $100 Million of Revenue Profitable or near profitable businesses (12 to 24 months to breakeven) 10% to 40% Minority Equity Stake Entrepreneurial Management Team $5 to $20 Million Investment Size (common, preferred shares or debt), either as a lead or with partners Based in Canada Significant Expansion Opportunity Management buyouts (Transition/Succession) What We Don't Start-ups & Unproven Business Models Controlling Equity Stakes Buyouts other than Management buyouts and leadership transitions Resource Extraction, Real Estate, Cannabis, crypto, gambling, or munitions Typical Investment StructureWe take pride in making the investment process efficient and cost-effective. Our investments are typically structured using preferred, common share or debt instruments that can be tailored to align with the goals and balance sheets of the companies we invest in. CBGF is also able to provide secondaries to shareholders within the context of a growth capital transaction (MBO/succession or transition). Why Partner With CBGF? PATIENT & FLEXIBLE CAPITAL CBGF’s long term fund structure allows us to take a patient approach with our investments. We can provide follow-on capital as needed and seek to exit at the right time for all shareholders. ENTREPRENEURS RETAIN CONTROL CBGF focuses exclusively on minority positions, and our approach provides entrepreneurs with a collaborative, value-added partner – not a controlling shareholder. Learn more about our approach UNPARALLELED NETWORK CBGF offers access to its powerful and extensive network of business experts, advisors, and service providers and the unique opportunity to collaborate with like-minded entrepreneurs within CBGF’s portfolio. DIRECT & TIMELY RESPONSE Our team moves quickly to provide a clear indication of our interest in pursuing a potential investment. Our term sheets provide clarity on value, terms, and timing – there is no small print! CONTACT US THINKING BIG IS EXCITINGThinking big is exciting. But after all you’ve accomplished, taking the next big step forward may feel a bit daunting. CBGF was created so you don’t have to do it alone. A partnership with CBGF brings capital, support, and experience to the table, allowing you to pursue your big ideas with confidence and to discover what your business can become. Think BIG - We'll help you succeed. Explore our Growing Portfolio We do things a little differently.


- Published: 2018-05-25
- Modified: 2026-04-20
- URL: https://cbgf.com/team/

The CBGF TeamThe CBGF team was built with one thing in mind – helping mid-sized Canadian businesses grow. With over 100 years of experience in entrepreneurship, leadership, and investing, our team brings a broad perspective and a successful track record across a broad range of industries, investment types, and geographies. We have a passion for entrepreneurship and growth; no matter the opportunities or challenges that lie ahead, our team is here to help! Sorry, your browser doesn't support embedded videos. Filter ByAllLeadershipInvestmentPortfolioOperations & FinanceAndrea PereiraDIRECTOR OF PORTFOLIO Andrew LawlorDIRECTOR Anna GilliattCHIEF OF STAFF Dale TingleyCO-MANAGING PARTNER Erica CalizonEXECUTIVE ASSISTANT Ethan LuepannASSOCIATE Hai Tran-VietCO-MANAGING PARTNER Jade BilodeauANALYST Jamie LearmonthVICE PRESIDENT Jenny NguyenPORTFOLIO MANAGER Karoline ElkindCFO & PARTNER Keith TownsendVP INFORMATION TECHNOLOGY Kevan LoASSOCIATE Kuba SoltysiakDIRECTOR Lilian WongSENIOR MANAGER, ACCOUNTING Logan HaleANALYST Naxin ZhangSENIOR ACCOUNTANT Prajwol BhandaryPORTFOLIO ASSOCIATE Robin DinhVALUATION ANALYST Sheri HerblumVALUATION MANAGER Simon GrammerANALYST We do things a little differently.




## Posts

- Published: 2026-04-24
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/why-canadas-eot-tax-incentive-should-be-made-permanent/

The $10 Million Question: Why Canada's EOT Tax Incentive Should Be Made PermanentThe single largest risk to Canada's EOT ecosystem isn't structural, it's political. Written by: Andrew Lawlor, Director The $10 million capital gains exemption for qualifying sales to Employee Ownership Trusts expires on December 31, 2026. This is the single largest risk to the Canadian EOT ecosystem. As experts at the Canadian Tax Foundation have argued, if the exemption lapses, sales to EOTs will likely dwindle or, given that succession planning takes years, may never reach meaningful scale. Business owners who sell to an EOT accept more complexity, longer payout timelines, and more structural risk than they would in a straightforward sale to a third party. The tax incentive is what makes that trade-off rational. Without it, the economic case for choosing an EOT over a conventional sale weakens materially. That trade-off is also why the current policy uncertainty matters so much right now. This post publishes on the eve of the federal government's Spring Economic Update. That update may or may not address the EOT exemption. If it is silent, the consequence will be further deterioration of the pipeline of owners exploring employee ownership as an option. With EOT transactions typically taking nine to twelve months from feasibility to close, any business owner starting the process today is unlikely to complete a qualifying transfer before the December 31, 2026 deadline. The top of the funnel has already thinned. Advisors report owners pausing or shelving EOT conversations pending clarity, and every week without a decision compounds the problem. The UK’s experience is directly relevant. A predecessor structure to the UK's EOT existed before 2014, but saw minimal usage due to the absence of a capital gains exemption. Once the tax incentive was introduced, adoption accelerated and the UK introduced an uncapped capital gains exemption, compared to Canada's $10 million cap. Canada's three-year window is too short to fairly evaluate the potential. The Department of Finance projected a fiscal cost of just $52 million over three years for the exemption; a small amount relative to the $2 trillion in business assets changing hands through Canada's succession transition. We believe the exemption should be extended and, ultimately, made permanent. Without it, Canada will have introduced a promising framework and then pulled the rug out before it could take hold. The bigger picture reinforces the urgency. Canada is facing a generational transition in business ownership at a moment of economic vulnerability. Trade tensions with the United States are increasing pressure on Canadian businesses, and the risk of valuable mid-market companies being acquired by foreign buyers is real and growing. As discussed last week, employee-owned businesses are more resilient to market volatility and uncertainty. EOTs offer a mechanism to keep viable Canadian businesses in Canadian hands, distribute wealth more broadly to employees, and preserve the jobs and community ties that these businesses support. This is not an appropriate solution for every business. EOTs are best suited for established companies with stable cash flows, strong management teams, and owners who care about legacy alongside liquidity. The ecosystem of advisors, lenders, legal specialists, and equity partners needs to develop further - but the foundation is strong. At CBGF, we invest in growing Canadian businesses and help them stay independent and Canadian-owned. As a certified B Corp, we measure success not just by financial returns, but by the impact we create for employees, communities, and the broader economy. Employee Ownership Trusts align directly with that mission. We are committed to being an active participant in building this ecosystem as an equity partner. If you are a business owner thinking about succession, or an advisor working with one, we welcome the conversation.


- Published: 2026-04-22
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-an-equity-partner-makes-employee-ownership-work/

How an Equity Partner Makes Employee Ownership WorkEOTs solve the succession problem. An equity partner solves the liquidity problem inside the EOT. Written by: Andrew Lawlor, Director Employee Ownership Trusts offer founders a tax-advantaged path to exit while keeping their businesses Canadian-owned and employee-held. However, the mechanics of funding an EOT create a real constraint: without an equity partner, the seller's upfront liquidity is limited to what bank debt the business can support. The balance is often deferred through a vendor take-back note (i. e. , seller’s loan) that may take a long time to pay down. At the Canadian Business Growth Fund, we invest minority equity stakes in growing Canadian businesses to help them scale, while remaining majority owned by the Canadian entrepreneur. EOTs are a natural extension of how we already operate. In an EOT transaction, CBGF can provide a portion of the equity capital alongside bank debt and a VTB to fund the ownership transition. Our cheque increases the seller's immediate proceeds, de-risks the transaction, and provides growth capital for the business post-close if required. CBGF's minority focus and evergreen fund structure lend well to these transactions. For founders, the result is immediate liquidity beyond what debt alone can provide, a capital gains tax exemption worth over $11 million (including Lifetime Capital Gains Exemption), the preservation of their company's independence and culture, and the knowledge that the people who helped build the business become its owners. For employees, it means ownership without a capital outlay and a direct economic stake in performance. For CBGF, it means backing quality Canadian businesses with strong governance protections and alignment across all stakeholders. The case for employee ownership extends beyond tax efficiency and succession mechanics. A meta-analysis of 102 studies encompassing nearly 57,000 firms found a statistically significant positive relationship between employee ownership and firm performance. Research from Rutgers University found that ESOP companies experienced sales growth 3. 4% per year higher than would have been expected based on their pre-ESOP trajectory, with the most participative companies growing 8% to 11% faster. During COVID-19, for every person who lost a job at a majority ESOP firm, four people lost jobs at other firms. The UK's EO Knowledge Programme has similarly found that employee-owned businesses outperform on productivity, profitability, and employee wellbeing. These findings are drawn primarily from the U. S. ESOP context, which differs structurally from the Canadian EOT model. However, the direction of the evidence is consistent across geographies: employee ownership works. Canada’s EOT legislation is less than two years old. The advisory infrastructure is still developing, and precedent transactions are scarce. CBGF has not yet closed an EOT transaction, but we are actively building capability, developing our structuring expertise and relationships with advisors, lenders, and business owners, so that we can execute as the market matures. Very few funds are currently active in Canadian EOTs. To our knowledge, no other Canadian fund is actively pursuing the minority equity partner role that CBGF is building toward. One important uncertainty remains: the temporary nature of Canada’s current tax incentive. The stability of this policy will play a decisive role in whether EOT adoption reaches meaningful scale, similar to the flywheel effect that benefitted the UK and the US during their employee ownership transitions. More on that next week.


- Published: 2026-04-15
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/canadas-2-trillion-succession-problem-solution/

Canada's $2 Trillion Succession Problem Has a Solution Most Business Owners Haven't Heard OfEmployee Ownership Trusts give founders a tax-advantaged exit that keeps businesses Canadian, rewards employees, and preserves what they've built. Written by: Andrew Lawlor, Director Three out of four Canadian business owners plan to exit their companies within the next decade. That represents more than $2 trillion in business assets changing hands, according to the Canadian Federation of Independent Business. Yet only 9% of those owners have a formal succession plan in place. The risks of inaction go well beyond business closures. BDC research shows that owners planning an exit stop investing in their businesses, with 71% becoming reluctant to take risks. This “pre-exit drift” erodes company value, suppresses productivity, and weakens the businesses before they transition. In many cases, the absence of a clear succession path leads to fire-sale acquisitions, often to foreign buyers, or forces business owners to accept terms that undervalue what they have built. The Hidden Crisis: Canada’s $2 Trillion Succession Gap For an economy where SMEs account for roughly half of GDP and approximately 64% of private sector employment, getting succession wrong at scale would compound a productivity challenge Canada is already facing. The standard succession playbook is limited. Most business owners have four options: Sell to a competitor who may strip the brand and consolidate Sell to private equity and lose operational control Transfer to family Close the doors What most owners do not know is that a fifth path now exists, one that did not exist in Canada until June 2024. What is an Employee Ownership Trust (EOT)? An Employee Ownership Trust (EOT) is a structure in which a trust acquires and holds a controlling interest (at least 51%) of a company's shares on behalf of its employees. Employees become indirect owners without investing any of their own capital. The Financial Incentive: Saving $2. 5M+ in Capital Gains Tax The purchase is typically funded through a combination of bank debt and a vendor take-back note (i. e. , loan from the seller). The critical policy incentive is a capital gains tax exemption: the first $10 million in capital gains realized on a qualifying sale to an EOT is exempt from taxation. Depending on province, this represents approximately $2. 5 million to $3. 5 million in real tax savings. When combined with the existing Lifetime Capital Gains Exemption, a single seller could realize more than $11 million in tax-free capital gains. The exemption is currently available for qualifying transactions completed between January 1, 2024, and December 31, 2026. Canada's EOT regime is young. The first transaction closed in January 2025. The largest to date is Taproot Community Support Services, with 750 employees across three provinces. Employee Ownership Canada expects another 20 to 30 companies to complete transitions in 2026. These numbers are modest, but so were the early UK numbers. The UK now sees approximately 300 new EOTs per year, a decade after introducing its framework with similar incentives. How CBGF Supports EOT Transitions At the Canadian Business Growth Fund, we are positioning to back EOT transactions with minority equity alongside bank debt and vendor take-back notes. We will explore further on how that works, and why it matters, next week.


- Published: 2025-11-21
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-role-of-patient-capital-in-sustainable-business-growth/

The Role of Patient Capital in Sustainable Business GrowthIn an era where short-term returns often dominate investment strategies, patient capital stands out as a preferable option for sustainable growth and long-term success. This unique approach to funding enables businesses to thrive without succumbing to the pressures of immediate profitability, which paves the way for innovation, resilience, and sustainability. What is Patient Capital? Patient capital refers to a long-term investment that prioritizes a business’s enduring success over immediate financial returns. Unlike traditional funding, which often demands quick returns, patient capital provides the time and resources necessary for businesses to implement sound decision making and strategic growth initiatives. This type of investment is particularly vital for companies aiming to innovate or adopt sustainable practices that require capital to grow but yield substantial benefits over time. Why Patient Capital is Essential for Sustainable Growth Sustainability is at the heart of today’s business priorities. However, adopting sustainable growth practices often involves initial expenditures such as investing in technology, acquiring a business, or hiring key employees. Patient capital bridges the gap between these upfront costs and the long-term benefits, empowering businesses to: Implement sustainable growth practices. Strengthen their market position through innovation. Foster resilience against market fluctuations. By aligning financial objectives with sustainable growth models, patient capital supports a balanced approach to scaling up. Sources of Patient Capital Businesses can access patient capital from a variety of sources, including: Institutional Investors: Pension funds and endowments often focus on long-term returns, making them ideal patient capital providers. Government Programs: Many governments offer grants and low-interest loans to support sustainable business initiatives. Private Equity and Venture Capital Firms: Some firms, like the Canadian Business Growth Fund (CBGF), emphasize sustainable, patient growth, providing funding that aligns with a company’s long-term vision. CBGF’s Commitment to Sustainable Growth At CBGF, we understand that true business sustainability requires time, resources, and a strategic approach. Our focus on patient minority capital ensures that companies have the support they need to pursue ambitious growth strategies without compromising their commitment to smart decision making with a medium to long-term mindset. By partnering with businesses across industries, we help foster innovation, resilience, and long-term success. How Patient Capital Drives Competitive Advantage Beyond enabling sustainable growth, patient capital also enhances competitive advantage. By giving companies the freedom to prioritize quality, innovation, and customer satisfaction over short-term gains, patient capital can foster customer trust and differentiation in the marketplace. Companies that leverage this approach can build stronger brands, attract top talent, and adapt more effectively to industry shifts. Moreover, patient capital investors often bring expertise and networks that accelerate business growth. These strategic partnerships provide invaluable insights, helping businesses navigate challenges and seize opportunities. Contact us today! If you’re ready to align your business goals with sustainable growth strategies, CBGF is here to help. Contact us today to learn more about how patient capital can transform your business for the better.


- Published: 2025-11-21
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/strategies-for-scaling-your-canadian-business-with-the-right-partner/

Strategies for Scaling Your Canadian Business with the Right PartnerScaling a business is an exciting yet challenging journey. In Canada’s dynamic business market, the right partner can make all the difference in achieving sustainable growth in your business. Strategic partnerships provide the resources, expertise, and support that businesses need to expand effectively, ensuring long-term success. Why the Right Partner Matters Choosing the right partner is crucial when scaling your business. A well-aligned partner can: Provide capital and financial stability. Offer industry insights and operational expertise. Expand your market reach through established networks. Share risks and responsibilities, allowing you to focus on core growth strategies. Conversely, an unsuitable partnership could lead to operational inefficiencies, misaligned goals, and financial strain. Therefore, selecting a partner who shares your vision and values is essential to the successful growth of your business. Identifying Suitable Partners Finding the right partner begins with understanding your business’s unique needs and objectives. Here are key factors to consider: Alignment of Goals: Ensure the potential partner’s goals align with your business’s mission and long-term vision. Financial Capability: Look for a partner who can provide the necessary funding without imposing undue constraints. Reputation and Values: A partner with a strong reputation and shared values will foster trust and collaboration. Industry Expertise and Operational Expertise: Partners with relevant experience and strong networks can accelerate your growth. Researching potential partners, seeking recommendations, and leveraging your own professional networks are effective ways to identify suitable collaborators. It is also best practice to speak with references to ensure you have a strong understanding of what a potential partner's track record looks like with their investee companies. Tips for Successful Collaboration Once you have found the right partner, establishing a strong working relationship is critical. Consider these tips: Set Clear Expectations: Define roles, responsibilities, and goals from the beginning to avoid misunderstandings. This should also include a discussion around the involvement of the investor post-investment. Maintain Open Communication: Providing regular updates and having transparent discussions builds trust and ensures alignment between partners. Leverage Strengths: Identify and utilize each partner’s strengths for mutual benefit. Adapt and Evolve: Be flexible and willing to adapt your strategies as the partnership evolves. Monitor Progress: Regularly review the relationship to ensure the partnership remains beneficial. How CBGF Supports Canadian Businesses For businesses seeking a minority, patient, value-add partner, The Canadian Business Growth Fund (CBGF) can be a great partner for scaling your business in Canada. With a focus on patient capital and sustainable growth, CBGF offers more than just financial support. As a minority equity investor, we offer: Long-Term Investment: CBGF provides the funding needed to scale without pressuring businesses for short-term returns. Expert Guidance: With a team of seasoned professionals, CBGF offers valuable insights and advice tailored to your industry. Valuable Network: CBGF’s expert and advisor network can help companies uncover areas for improvement, pinpoint opportunities to gain a competitive advantage, and provide guidance and expertise along the scale-up journey. Shared Vision: As a partner, CBGF invests in businesses that align with us on the business’s long-term vision and whose management team shares our values, ensuring a collaborative approach to growth. Many mid-size Canadian businesses have achieved remarkable success through partnerships with CBGF, solidifying its reputation as a trusted growth partner. Contact us today! If you’re ready to take your business to the next level, CBGF is here to help. Contact us today to explore whether your company may be a fit for a future partnership.


- Published: 2025-10-27
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-benefits-of-minority-partners-in-business-expansion/

The Benefits of Minority Partners in Business ExpansionExpanding a business often requires access to resources, expertise, and networks that may be beyond the reach of an entrepreneur operating alone; this is where minority partners come into play. By offering partial ownership through equity, businesses can unlock new opportunities while maintaining control over decision-making. Let’s explore the advantages of offering minority partners and their impact on business growth. Advantages of Offering Minority Partners Access to Capital Without Full Dilution: Minority partners provide financial support to the business in exchange for a share of equity. This approach enables businesses to secure funding without relinquishing control, preserving the founder’s vision and direction. Expertise and Guidance: Minority investors often bring industry knowledge, strategic insights, and operational expertise to the table. Their input can help refine business strategies, improve operations, and navigate complex markets. Enhanced Credibility: Partnering with established minority investors can enhance a company’s reputation. Their involvement serves as a vote of confidence that can attract additional investors, customers, or collaborators. Risk Sharing: By giving equity, businesses can also share risks. This collaborative approach ensures that both the business owner and the minority partner have aligned interests in the company’s overall success, which is key to long-term success. Impact on Decision-Making One of the most significant benefits of working with minority partners is their ability to contribute while the Management team maintains control. Key impacts include: Diverse Perspectives: Minority investors often provide fresh perspectives and challenge assumptions, leading to more robust decision-making. Focused Accountability: With a minority partner invested in the company’s success, there is an added layer of accountability to achieve shared goals. Preservation of Control: Entrepreneurs retain majority ownership and control over day-to-day operations, ensuring their vision remains intact. Finding Suitable Investors Identifying the right minority partner is crucial to reaping these benefits. Entrepreneurs should look for investors who: Align with their values and long-term goals. Have a proven track record in the relevant industry or geography. Bring complementary skills and resources to the partnership. Demonstrate a genuine commitment to fostering business growth. Thorough due diligence and open communication are essential to establishing a partnership that works for both parties. CBGF: A Trusted Minority Partner The Canadian Business Growth Fund (CBGF) specializes in providing minority stakes that empower entrepreneurs to grow their businesses while maintaining control. Our approach combines flexible funding solutions with strategic guidance to help mid-size Canadian businesses achieve their full potential. We’re committed to supporting your vision and providing the resources you need to succeed. Partnering with CBGF means more than just financial investment—it’s a partnership built on trust, shared goals, and a commitment to long-term growth. If you’re an entrepreneur ready to take your business to the next level, we’d love to hear from you. Contact us today to learn more about how CBGF might be a fit to help you achieve your growth vision through minority investment.


- Published: 2025-10-23
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-to-prepare-your-business-for-growth-capital-investment/

How to Prepare Your Business for Growth Capital InvestmentSecuring growth capital can help you take your business to the next level, enabling you to scale operations, expand market reach, or accelerate innovation. However, achieving investment readiness requires careful preparation. Here are the key steps to prepare your business for growth capital and position yourself as an attractive prospect for investors. Steps to Prepare Clarify Your Goals: Define what you aim to achieve with growth capital. Are you planning to scale production, enter new markets, invest in technology or grow your team? Clear objectives will guide your strategy and make your business vision more attractive to investors. Develop a Solid Growth Plan: Your growth plan should detail your current and future growth strategy, market analysis, competitive advantages, and financial projections. Ensure it reflects your scalability and long-term potential, while building on the foundations that have gotten you to where your business is today. Conduct a Business Assessment: Evaluate your current operations to identify strengths, weaknesses, opportunities, and threats. Highlight areas that align with growth and demonstrate your business’s readiness for expansion, while mitigating any risks and challenges that may be on the horizon. Demonstrating a strong understanding of your business's strengths and weaknesses will help investors during their diligence process, and provide opportunities for discussion around how those investors can help provide value beyond their capital. Financial Considerations Organize Your Financial Records: Investors will thoroughly inspect your financials. Ensure all statements, including balance sheets, profit and loss statements, and cash flow records, are up-to-date and accurate. Assess Your Valuation: Engage a professional to determine your business’s value. An accurate valuation builds credibility and sets realistic expectations for funding negotiations. Optimize Cash Flow: Demonstrate consistent revenue streams and prudent expense management. Investors prioritize businesses with robust financial health. Legal Readiness Review Legal Documentation: Ensure all business registrations, contracts, and compliance requirements are in order. Missing or outdated documents can deter investors. Secure Intellectual Property (IP): Protect patents, trademarks, and copyrights. Demonstrating strong IP ownership increases investor confidence. Prepare for Due Diligence: Be transparent about potential liabilities and risks. Address any unresolved legal or regulatory issues before pitching to investors. Pitching to Investors Craft a Compelling Story: Investors are not just funding businesses; they’re supporting visionary leaders. Share your journey, mission, the impact you have created, and the goals you aim to achieve. Investors find confidence when the management team can demonstrate a strong track record of navigating challenges and building great businesses. Highlight Scalability: Emphasize how an investment in your business will drive growth and returns. Showcase data and case studies to validate your projections. Tailor Your Pitch: Understand your audience. Align your presentation with their investment focus and preferences to make it relevant and engaging. What CBGF Looks for When Entrepreneurs Give Us Their Pitch: Growth Potential: Demonstrated scalability based on the foundations of the current business model, with a clear roadmap for expansion. Strong Management: A capable leadership team with proven expertise and willingness to collaborate. Sound Financials: Transparent and well-managed financial records that demonstrate profitability or a near-term path to profitability. Market Opportunity: Significant market demand and competitive differentiation. Alignment with Investor Values: Shared vision and long-term compatibility. Contact CBGF Today! Preparing your business for growth capital investment is a strategic process requiring strong planning and execution. If you’re ready to take the next step, contact us to learn more and explore partnership opportunities.


- Published: 2025-08-05
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/understanding-the-canadian-private-equity-landscape/

Understanding the Canadian Private Equity LandscapeThe Canadian private equity landscape is a segment of our financial world that can feel intimidating to entrepreneurs who are looking to scale up their businesses. Yet, the better that business owners understand it and the more comfortable they become with it, the more opportunities and potential success they will see for their companies. This article delves into private equity in Canada, highlighting key players, investment trends, and opportunities for entrepreneurs. Overview of Private Equity Private equity (PE) refers to capital investments made directly into private companies or through buyouts of public companies, resulting in the delisting of public equity. It’s a key avenue for firms seeking growth capital, restructuring, or market expansion. In Canada, private equity investment spans a broad spectrum, from venture capital funding early-stage startups to large buyouts of established enterprises. The PE market complements public equity markets by providing alternatives for companies that may not yet be ready or suited for public listing but have significant growth potential. Key Players in Canada Canada’s private equity market boasts a diverse array of participants, from global investment firms to niche venture capital funds. Key players include: Large or Buyout PE Firms: These firms deal with large-scale investments and larger businesses. Mid-Market PE Firms: These firms specialize in mid-market deals, often partnering with family-owned or regional mid-sized businesses. Venture Capital Funds: Firms that drive early-stage investments in technology and innovation sectors in start-up companies. Institutional Investors: Pension funds, endowments, and sovereign wealth funds are significant contributors to the Canadian PE landscape, often co-investing with private firms into larger businesses. Investment Trends The private equity landscape in Canada has seen significant growth over the past decade, driven by strong fundraising, a healthy exit environment, and an expanding pool of investment opportunities. Notable trends include: Technology and Innovation: The tech sector dominates, with increased investments in artificial intelligence, fintech, and health tech. Sustainable Investments: There’s growing interest in green energy and ESG (Environmental, Social, and Governance) compliant businesses. Regional Expansion: Beyond Toronto and Vancouver, regions like Montreal, Calgary, Ottawa and Saskatoon are strong entrepreneurial hubs. Economic Resilience: Amid global economic uncertainty, PE firms are leveraging Canada’s stable financial system and strong regulatory framework to mitigate risks. Opportunities for Entrepreneurs Private equity offers entrepreneurs unparalleled opportunities to scale their businesses. By partnering with PE firms, companies gain not just capital but also strategic expertise, access to networks, and operational support. For early-stage companies, venture capital provides the resources to innovate and disrupt industries, while for established businesses, PE investment can fund acquisitions, modernization, or international expansion. CBGF in the PE Landscape The Canadian Business Growth Fund (CBGF) is uniquely positioned within the private equity landscape, offering growth capital to ambitious mid-sized businesses. CBGF stands out by providing patient, minority equity capital alongside mentorship and strategic guidance. With a mission to help Canadian entrepreneurs thrive, CBGF focuses on long-term partnerships that drive sustainable growth. Contact us today to learn whether CBGF can support your business or help you navigate the funding landscape in Canada.


- Published: 2025-06-03
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-importance-of-long-term-partnerships-in-business-expansion/

The Importance of Long-Term Partnerships in Business ExpansionIn today’s competitive market, growth doesn’t happen in isolation. Businesses that achieve sustained success often attribute their expansion to solid long-term business partnerships. These relationships, built on mutual trust and shared goals, drive innovation and growth. Let’s explore why fostering long-term partnerships is vital for businesses looking to expand. Benefits of Long-Term Partnerships Shared Resources and Expertise: Long-term business partnerships enable companies to pool resources, share expertise, which could help them gain access to new markets or other advantages compared to their peers. This collaboration can help reduce costs and accelerate innovation. Increased Stability: Strategic alliances offer financial and operational stability, providing businesses with a dependable partner to help them navigate market fluctuations and economic challenges. Enhanced Credibility: Being associated with a reliable partner can enhance a company’s reputation, opening doors to new opportunities and strengthening customer trust. Sustained Growth: By focusing on sustained collaboration, companies can work together to adapt to evolving market needs, ensuring continuous, stable growth over time. Finding the Right Partner The success of a long-term business partnership depends heavily on choosing the right partner. It’s essential to identify companies or investors whose values, goals, and expertise align with your own. Look for partners who: Share your vision for growth. Complement your strengths with their unique skills or resources. Demonstrate a proven track record of integrity and reliability. Thorough research and clear communication are crucial during this process. Take the time to ensure alignment and establish a solid foundation for your partnership. Maintaining Relationships Building a long-term partnership is just the beginning; maintaining it requires effort and commitment. Key practices include: Open Communication: Regular and transparent communication helps address issues promptly and strengthens trust. Defined Roles and Responsibilities: Clear expectations prevent misunderstandings and promote efficient collaboration. Continuous Evaluation: Periodically assess the partnership’s effectiveness and adjust as needed to keep the relationship aligned with evolving business goals. Mutual Respect: Show appreciation for your partner’s contributions and be willing to adapt to their needs as well as your own. Impact on Growth Long-term business partnerships can significantly impact a company’s growth trajectory. From expanding product lines to entering new markets, joint ventures and sustained collaboration open doors that might otherwise remain closed. By leveraging the strengths of a trusted partner, businesses can achieve scalable success while mitigating risks. CBGF: Committed to Long-Term Partnerships At the Canadian Business Growth Fund (CBGF), we understand the transformative power of long-term business partnerships. Our mission is to provide entrepreneurs with the funding, expertise, and support they need to achieve the growth they envision over the long term. By forming strategic alliances with mid-market businesses, we help them navigate challenges and unlock new opportunities, fostering success for continued growth and expansion. If you’re an entrepreneur seeking funding for your mid-market business, consider exploring a partnership with CBGF. Contact us today to learn more about how we can work together to achieve your goals.


- Published: 2025-04-23
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/understanding-patient-capital-for-canadian-entrepreneurs/

Understanding Patient Capital for Canadian EntrepreneursEntrepreneurs often face challenges securing the right funding to grow their businesses. For Canadian entrepreneurs focused on sustainable growth, patient capital provides a unique and supportive approach to funding. In this article, we explore the concept of patient capital, its benefits, and why it could be the perfect fit for your business, with a special focus on the role of the Canadian Business Growth Fund (CBGF) in providing this type of investment. What Is Patient Capital? Patient capital refers to long-term funding that allows businesses to grow without the pressure of short-term returns that are often accompanied when partnering with non-patient capital providers. Unlike traditional funding methods, such as bank loans or venture capital, patient investment capital prioritizes sustainable growth over short-term profits. This type of funding is typically equity-based, meaning investors take a stake in the company and align their success with the company’s long-term performance. Benefits of Patient Capital for Entrepreneurs Patient capital offers a range of advantages for entrepreneurs, such as: Time to Grow: Entrepreneurs can focus on scaling their businesses thoughtfully, without the pressure of rapid returns or aggressive repayment schedules. This allows businesses to make informed decisions and follow their processes to get to the best result. Strategic Support: Providers of patient capital often offer more than just funding. They bring expertise, mentorship, and networks to help businesses succeed. Alignment of Goals: Investors and business owners work collaboratively toward long-term success, fostering a partnership rather than a transactional relationship. How Patient Capital Differs from Traditional Funding Traditional funding options, such as bank loans or venture capital, often come with strict terms and shorter repayment windows. Banks expect regular repayments, regardless of business performance, while venture capital investors may push for rapid growth and quicker exit timelines to generate returns. In contrast, patient capital allows businesses the freedom to pursue sustainable growth strategies. This approach is particularly beneficial for industries where scaling requires more time or where a long-term vision is essential for success. Patient capital has already made a significant impact on Canadian businesses. For example, companies in the technology, manufacturing, and healthcare sectors have leveraged patient investment to achieve sustainable growth without compromising their values or long-term goals. As a provider of patient capital, CBGF has supported numerous entrepreneurs across Canada by offering long-term funding and strategic guidance. Our investments enable businesses to grow at their own pace, focusing on innovation, customer satisfaction, and operational efficiency and to exit on their own terms. Why Choose CBGF for Patient Capital? CBGF is a leading advocate for patient investment in Canada, partnering with entrepreneurs to provide not only funding but also the strategic support needed for sustainable growth. By aligning our goals with the businesses we invest in, CBGF fosters partnerships that drive success over the long term. Contact Us Today! For Canadian entrepreneurs of mid-market businesses looking to access capital that prioritizes long-term success, partnering with the Canadian Business Growth Fund may be a good fit for your business. Patient capital empowers businesses to grow sustainably while benefiting from the expertise and networks of experienced investors. Take your business to the next level—explore how CBGF can help you achieve your growth vision.


- Published: 2025-04-08
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-missing-middle-bridging-canadas-mid-market-growth-capital-gap/

The Missing Middle: Bridging Canada’s Mid-Market Growth Capital GapBy the Canadian Business Growth Fund (CBGF) Canada’s economic future depends not only on the innovation of startups or the scale of multinational corporations, but on the steady rise of mid-sized businesses—the often overlooked “missing middle. ” These companies, typically generating between $10 million and $100 million in revenue, are critical drivers of employment, productivity, and regional economic development. Yet, when it comes to accessing the capital they need to grow, they face a persistent gap. This mid-market financing challenge is more than anecdotal. Canada’s capital landscape is polarized: early-stage ventures have access to a growing pool of venture capital, while mature businesses can tap into institutional private equity or public markets. But mid-sized firms—too big for venture capital and too small or early for traditional private equity—are frequently left in the lurch. This is the “missing middle” of Canada’s capital markets. And in today’s economic climate, the consequences of this gap are even more pronounced. A Challenging Climate for Growth Canadian businesses are currently navigating a landscape marked by rapidly rising interest rates in 2023, slowing GDP growth, and increased geopolitical uncertainty. The economic aftershocks of global supply chain disruptions, paired with inflationary pressure, have added new layers of complexity for business owners. Meanwhile, escalating trade tensions and proposed U. S. tariffs, particularly in key sectors such as aluminum, agriculture, and automotive, could restrict market access and squeeze margins for mid-sized exporters. These shifting sands create a greater need for strategic, patient capital that supports long-term growth without imposing short-term pressures. At the same time, many Canadian businesses are increasingly looking to reduce overreliance on U. S. markets and build greater domestic resilience. But diversification—whether through innovation, international expansion, or vertical integration—requires capital, and for mid-market companies, that capital remains in short supply. The Growth Capital Gap Growth-stage businesses often seek capital to expand into new markets, make strategic acquisitions, invest in talent, or scale operations. Yet despite their solid fundamentals and proven business models, many struggle to find patient, minority growth equity. Traditional private equity may demand majority control or push for aggressive timelines that don’t always align with a founder’s vision. Meanwhile, bank financing may be limited without sufficient collateral or cash flow history. As a result, many promising companies remain constrained by limited domestic options—unable to pursue opportunities that could meaningfully move the needle for the broader Canadian economy and, at times, turning to investors south of the border instead. CBGF: A Purpose-Built Solution Launched in 2018 as a collaborative initiative backed by Canada’s leading financial institutions, CBGF was created specifically to address this capital void. Our mission is simple but ambitious: to empower Canada’s high-potential mid-sized companies with the long-term, minority growth capital they need to scale. CBGF invests between $5 million and $20 million in established, growing Canadian businesses in exchange for a minority equity stake. What sets us apart is our approach: we are long-term partners, not short-term profit seekers. We align with founders and management teams to support their growth aspirations, without requiring control or pushing for premature exits. The Mid-Market Mandate For the M&A deal-making community, the capital market inefficiencies in Canada’s mid-market are familiar territory. The middle-market growth community understands that efficient, accessible capital is a cornerstone of a vibrant M&A ecosystem—and that closing the mid-market gap unlocks not just individual business success, but a more resilient and diversified economy. By bridging the gap between early-stage VC and large-scale PE, CBGF helps build the pipeline of future acquisition targets, strategic partners, and investment opportunities that fuel Canada’s economic engine. Opportunity Ahead The opportunity is clear. Canada’s mid-sized companies represent a vast, underutilized growth engine. With the right capital and strategic support, these businesses can scale nationally, compete globally, and create significant value for stakeholders across the board. As economic uncertainty tests the resilience of businesses across the country, one thing remains constant: access to the right kind of capital can be a game changer. At CBGF, we’re proud to help build that bridge—to bring capital to the middle, and to champion the ambitions of Canadian entrepreneurs who are ready to take their next big leap.


- Published: 2025-03-21
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/navigating-capital-options-in-the-canadian-market/

Navigating Capital Options in the Canadian MarketSecuring the right funding is a crucial step for Canadian entrepreneurs aiming to scale their businesses. The market offers a variety of funding sources and investment opportunities, from venture capital to private equity, each with unique advantages and challenges. This blog will provide an overview of growth capital, explore the Canadian market landscape, and share tips to help entrepreneurs make informed decisions to secure the funding that is right for their business. What Is Growth Capital? Growth capital refers to the funding provided to businesses that are beyond the startup phase, have a proven business model and stable recurring revenue, and are now ready to scale. This type of funding often supports activities like expanding operations, entering new markets, launching new products, building out a team, or acquiring other businesses. The Canadian Market Landscape Canada offers a thriving ecosystem for capital, supported by a range of investment opportunities: Venture Capital (VC): Often aimed at high-growth industries such as technology, VC funding can provide significant capital but often comes with high expectations for rapid growth and profitability. Buyout Private Equity (PE): Ideal for more mature businesses, buyout private equity investors focus on maximizing returns through strategic involvement, often resulting in ownership changes. Growth Capital: Offered by organizations like the Canadian Business Growth Fund (CBGF), growth capital investors help bridge the gap for companies that may not appeal to VC investors and may not be sufficiently large enough to appeal to larger buyout investors. Often, growth capital investors emphasize long-term growth and alignment between investors and entrepreneurs and provide strategic support. Pros and Cons of Capital Options Venture Capital Pros: Access to significant funding; expertise in scaling startups; potential for rapid growth. Cons: Shorter time horizon to accomplish growth targets; diluted ownership. Buyout Private Equity Pros: Large-scale funding; operational expertise; strong focus on growth. Cons: Loss of management control; shorter investment horizons; Controlling shareholders; aggressive leverage. Growth Capital Pros: Long-term focus; collaborative partnerships; strategic guidance dedicated to business expansion. Cons: Ownership dilution; less suited for businesses seeking an immediate, short-term exit. Tips for Choosing the Right Capital Understand Your Goals: Consider whether your business is ready for rapid scaling, if you’re seeking to maintain control, and what your time horizon may be for an exit event. Evaluate Investor Alignment: Look for funding sources whose goals and values align with your own. Assess Control and Ownership: Be clear on how much equity or control you are willing to give up. Leverage Strategic Support: Beyond funding, seek partners who can offer expertise and connections to drive growth for your business. Insights into CBGF’s Unique Offerings The Canadian Business Growth Fund (CBGF) stands out in the Canadian market as a premier provider of patient minority growth capital. CBGF offers long-term funding tailored to the unique needs of Canadian entrepreneurs. Unlike traditional venture capital or private equity, CBGF emphasizes collaboration and sustainable growth, ensuring businesses can thrive without the pressure of quick returns. Our team also provides strategic guidance and support with governance, operations and reporting, making us more than just an investor—we’re a true growth partner! Contact us today! Navigating capital options in the Canadian market requires careful planning and a clear understanding of your business’s needs. Whether you’re considering venture capital, private equity, or growth capital, the right funding partner that matches the needs of your business can make all the difference. Canadian entrepreneurs seeking a long-term, value-add partner for their established, ready-to-scale business should reach out to CBGF today.


- Published: 2025-01-21
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-role-of-private-equity-in-supporting-canadian-entrepreneurs/

The Role of Private Equity in Supporting Canadian EntrepreneursFor Canadian entrepreneurs, access to capital often stands as a critical factor of success. However, for many business owners with innovative ideas and a passion for growth, securing funding can be a daunting challenge. Private equity firms can play a pivotal role in providing the necessary financial support while allowing Canadian entrepreneurs to execute on their plans for scaling their business. At the Canadian Business Growth Fund (CBGF), we actively seek out minority partnerships to empower entrepreneurs, allowing them to scale up their businesses without burdening the decision of having to relinquish control. CBGF: Empowering Entrepreneurs through Minority Partnerships Founded on the belief that Canadian entrepreneurs deserve better access to sources of capital and expertise to foster growth, CBGF operates as a unique entity within the private equity landscape. As a patient, minority partner, CBGF allows Management Teams to stay in the driver's seat and maintain control over decisions that impact their business. As a supportive partner, CBGF acts as a sounding board and provides guidance, advice and its expertise along the way. Empowering Entrepreneurial Autonomy Rather than imposing authority and having the final say on management's decisions for their business, CBGF adopts a collaborative approach, working alongside entrepreneurs to make good decisions and help set the direction and future growth strategy of the business. Prioritizing Sustainable Growth with Patient Capital One of the key advantages of CBGF's evergreen model is the concept of having patient capital. Typical private equity funds operate on a fixed time horizon and expect to see results within a shorter time frame. Often, management teams feel pressure to grow their businesses at a faster rate in order to meet the expectations of their investors, sometimes at the detriment of the business' operations. With an evergreen fund model like CBGF's, these expectations exist on a much longer time horizon, allowing management teams to grow their businesses at a pace that is optimal for success. With this type of support that CBGF offers, businesses can focus on sustainable and steady growth and will not need to sacrifice efficient and effective operations in order to meet the demands and shorter-term expectations of non-evergreen investors. Fostering Mutually Beneficial Relationships Furthermore, CBGF's commitment to minority partnerships emphasizes our dedication to fostering mutually beneficial relationships with entrepreneurs. By aligning CBGF's interests with those of the businesses that we invest in, CBGF becomes a true partner in the entrepreneurial journey, offering strategic insights, industry expertise, and access to top talent that can facilitate growth and expansion. This value-add approach not only enhances the probability of success for the business but also strengthens the fabric of the Canadian entrepreneurial landscape. Contact CBGF Today Private equity plays a critical role in supporting Canadian entrepreneurs on their journey towards growth and success. Through patient, minority partnerships that prioritize collaboration and respect for entrepreneurial autonomy, CBGF contributes not only financial resources but also invaluable expertise and guidance. As Canada continues to foster a vibrant ecosystem of innovation and entrepreneurship, the partnership between private equity and ambitious entrepreneurs will remain a cornerstone of economic growth and prosperity. If your management team is considering private equity to help your business scale, contact CBGF today to discuss how our team of investment professionals can support you and the growth of your business.


- Published: 2024-11-01
- Modified: 2025-04-25
- URL: https://cbgf.com/fr/news-insights/cbgf-opens-market-with-tmx-group/

L'équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXIl y a 6 ans, le CBGF ouvrait le marché pour la première fois avec le Groupe TMX, lors de notre année inaugurale et, aujourd'hui, nous y sommes retournés pour célébrer le nouveau chapitre du CBGF avec Dale et Hai à la barre. Parallèlement, nous célébrons l'arrivée de plusieurs nouveaux membres de l'équipe qui aident le CBGF à poursuivre sa mission d'aider les entrepreneurs canadiens à « voir grand ». Depuis notre lancement en 2018, nous avons investi dans 31 entreprises à travers le Canada et avons mis sur pied notre mission consistant à fournir du capital minoritaire patient et un soutien stratégique aux entreprises canadiennes du marché intermédiaire pour alimenter leur croissance et favoriser l'innovation, tout en obtenant des rendements sur le marché. Alors que nous approchons de la fin de l'année 2024, nous commençons à réfléchir à nos réalisations à ce jour et continuons à célébrer le travail acharné et le dévouement qui nous ont menés là où nous sommes aujourd'hui. Nous sommes reconnaissants envers toutes les personnes qui ont soutenu la réussite du CBGF et qui y ont contribué jusqu'à maintenant, et nous nous réjouissons de soutenir d'autres entrepreneurs ambitieux au Canada au cours des années à venir.


- Published: 2024-10-30
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/the-obstacles-and-opportunities-of-being-an-entrepreneur-in-canada/

The Obstacles and Opportunities of Being an Entrepreneur in CanadaEmbarking on the journey of entrepreneurship in Canada presents a blend of obstacles and opportunities. From securing funding to navigating the complexities of business operations, entrepreneurs encounter a diverse array of hurdles. However, amidst these challenges lie opportunities for growth and success. One avenue that Canadian entrepreneurs often explore for support is the Canadian Business Growth Fund (CBGF), as we are a strategic partner that offers minority investments and access to expert networks. Securing Funding One of the first challenges often faced by entrepreneurs in Canada is securing adequate funding to fuel the growth of their mid-market business. As companies begin to gain traction in the market and see the potential for future growth of their business, they are often unsure of the options available between venture capital and buyout capital to secure growth financing. CBGF offers minority investments to established, growing businesses in Canada, allowing entrepreneurs to retain majority ownership of their businesses while still accessing the capital necessary for growth. This approach not only provides financial backing but also preserves the entrepreneurial vision and autonomy. Accessing the Right Expertise When You Need It Another hurdle that entrepreneurs face is the scarcity of expertise in critical areas such as marketing, finance, and operations. Building a skilled team from the ground up can be daunting, and a lack of expertise and talent around the table can hinder effective decision-making, stifle innovation, and impede growth prospects. CBGF recognizes this challenge and steps in as a strategic partner, offering access to its team and its network of seasoned experts. Through strategic partnerships, CBGF leverages its network of industry veterans who can provide entrepreneurs with guidance and mentorship. Whether it's refining business strategies, optimizing operational processes, or navigating regulatory landscapes, the expertise offered by CBGF’s team and its network can be instrumental in overcoming obstacles and seizing opportunities. In addition, CBGF fosters a network with the entrepreneurs and management teams of its portfolio companies, as many face similar challenges in their day-to-day roles. Staying Ahead of the Competition Entrepreneurs in Canada must constantly innovate and differentiate themselves to maintain a competitive edge. This necessitates a keen understanding of market trends, consumer behaviour, and emerging technologies. CBGF plays a pivotal role in helping entrepreneurs stay ahead of the curve. Through market analysis, trend forecasting, and strategic insights, CBGF assists entrepreneurs in identifying untapped opportunities and potential threats. Moreover, CBGF’s team and its network offers invaluable guidance on crafting unique value propositions, refining product offerings, and enhancing customer experiences. By staying attuned to market dynamics and leveraging the expertise provided by CBGF, entrepreneurs can build a distinct competitive advantage, positioning themselves for sustained growth and market leadership. Contact CBGF Today While the entrepreneurial landscape in Canada has its share of challenges, it also presents abundant opportunities. From burgeoning industries to established sectors, Canada offers a fertile ground for innovation and growth. CBGF can provide you and your mid-market business with an invaluable partnership, as we not only offer funding, but also expertise and professional advice. If you believe that your business could benefit from a partnership with CBGF, we invite you to learn more about our investment criteria and contact us if you think you may be a fit.


- Published: 2024-10-30
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-to-build-a-successful-partnership-with-a-private-equity-firm/

How to Build a Successful Partnership with a Private Equity FirmBuilding a successful partnership with a private equity (PE) firm can help you scale up your business, expand into new markets, and gain an edge over your competitors. Private equity firms bring not only capital but also strategic guidance, industry expertise, and a network of resources. Like any relationship, however, forming a successful partnership requires mutual understanding, clear communication, and aligned goals. Here's a list of the top five factors to consider in order to build a successful partnership with a private equity firm. 1. Research Potential Partners Depending on the stage of your business and your future plans for both yourself and the company, you will want to determine which type of investment partner is right for you. Different PE firms specialize in different areas, and all have unique attributes that may or may not be a fit for your business, so having a strong understanding of your objectives and needs will help you identify the right partner. For example, at the Canadian Business Growth Fund (CBGF), we specialize in minority partnerships for established businesses that are ready to scale and grow, while allowing entrepreneurs to retain control over their business. Research potential partners thoroughly to find a firm that aligns with your industry, business size, and growth stage. Look at the firm's portfolio to see if they have experience in your sector and evaluate their track record of success. 2. Build a Compelling Pitch Your pitch is your opportunity to demonstrate why your business is a worthy investment. The ability to clearly articulate your business model, market position, and growth potential is crucial. Highlight your management team's expertise and the unique value proposition of your products or services. Be prepared to provide detailed financials and projections and be transparent about any potential risks. A compelling, honest pitch will set the foundation for a successful partnership. 3. Aligning Your Objectives Before approaching a PE firm, it's crucial to have a clear understanding of your business objectives and needs. An important step in the process is to ensure there is strong alignment between you and your chosen partner, as this will be crucial to your business's continued success. Consider the firm's reputation (what have former entrepreneurs said about their partnership with the firm), the size of their fund (where are they in their deployment or fundraising cycle), and their approach to partnership (are they a collaborative partner or will they own decision making). This due diligence will help ensure you find a firm that is a good fit for your business and aligns well with your goals and plans. 4. Foster Open Communication Once you have secured interest from a PE firm, fostering open and transparent communication is essential in building a successful partnership. It is important to discuss your expectations and ensure that they align with the firm's strategy and goals. Regular communication helps build trust and ensures both parties are on the same page. Communication and correspondence pre-investment will often foreshadow what your future relationship with the firm will look like. It's important to keep this in mind when exploring partnerships with various firms. 5. Leverage Their Expertise One significant advantage of partnering with a PE firm is the access to their expertise and resources. PE firms often have a network of advisors, industry experts, and potential business partners who can provide valuable support for your business. Part of building a successful partnership will be based on your ability to leverage their industry knowledge, operational experience, and strategic insights to drive your business forward. Utilizing these resources to strengthen your business operations and accelerate growth will foster mutual trust and collaboration. Contact CBGF Today Building a successful partnership with a private equity firm can be a game-changer for your business. If you are interested in pursuing a minority investment partnership with CBGF and believe you fit our investment criteria, contact us today; let's explore whether we can support your business in scaling to new heights.


- Published: 2024-10-30
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/cbgf-opens-market-with-tmx-group/

This morning, the CBGF team opened the market with TMX Group! CBGF opened the market for the first time 6 years ago in our inaugural year, and today, we went back to celebrate CBGF’s new chapter with Dale and Hai at the helm. Alongside this, we are celebrating the addition of several new team members who are helping CBGF continue its mission of helping Canadian entrepreneurs ‘Think Big’. Since our launch in 2018, we have invested in 31 companies across Canada and have executed our mission of providing patient minority capital and strategic support to mid-market Canadian businesses to fuel their growth and foster innovation, while earning market returns. As we are approaching the end of 2024, we begin to reflect on our accomplishments to date and continue to celebrate the hard work and dedication that has led us to where we are today. We are thankful for all of those who have supported and contributed to CBGF’s success to date, and we look forward to backing more ambitious entrepreneurs in Canada in the years to come.


- Published: 2024-09-06
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/

Today, Dale Tingley and Hai Tran-Viet announce their appointment as Co-Managing Partners of the Canadian Business Growth FundSince the Fund’s launch in 2018, CBGF has made a meaningful impact in the Canadian scale-up ecosystem. Dale and Hai are proud of the performance of the fund, our team and portfolio companies to date, and believe the future is bright. CBGF has an impressive pipeline of opportunities and significant capital left to deploy into growing Canadian businesses. “I am excited by the opportunity to co-lead the fund with Hai, and to expand on our mission to partner with ambitious entrepreneurs across Canada. As a result of George’s work to date, we have a very strong foundation to build upon and we appreciate all the guidance and leadership he provided since the Fund's inception to get CBGF to where it is today,” said Dale Tingley. “Our portfolio companies have immense potential, and I look forward to unlocking the value of those companies by working closely with Dale and our amazing team,” shared Hai Tran-Viet. “We want to thank George and build on his work to ensure we remain a leading Canadian minority growth capital provider, funding growth and expansion of mid-market Canadian businesses”. Contact us today to learn more about our mission at www. cbgf. com.


- Published: 2024-09-06
- Modified: 2024-11-06
- URL: https://cbgf.com/fr/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/

Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Depuis le lancement du fonds en 2018, le CBGF a eu un effet significatif sur l'écosystème canadien de mise à l'échelle. Dale et Hai sont fiers du rendement du fonds, de notre équipe et des entreprises du portefeuille à ce jour, et croient que l'avenir est prometteur. Le CBGF dispose d'une impressionnante réserve de possibilités et d'un capital important à déployer dans des entreprises canadiennes en pleine croissance. « Je suis très enthousiaste à l'idée de codiriger le fonds avec Hai et de poursuivre notre mission de partenariat avec des entrepreneurs ambitieux à travers le Canada. Grâce au travail de George jusqu'à présent, nous disposons d'une base très solide sur laquelle nous pouvons nous appuyer et nous apprécions tous les conseils et le leadership qu'il a fournis depuis la création du fonds pour amener CBGF là où elle est aujourd'hui », a déclaré Dale Tingley. « Les entreprises de notre portefeuille ont un immense potentiel et je suis impatient de libérer la valeur de ces entreprises en travaillant en étroite collaboration avec Dale et notre formidable équipe », a déclaré Hai Tran-Viet. « Nous tenons à remercier George et à nous appuyer sur son travail pour nous assurer que nous restons l'un des principaux fournisseurs de capital de croissance minoritaire au Canada, en finançant la croissance et l'expansion des entreprises canadiennes de taille moyenne ». Pour en savoir plus sur notre mission, contactez-nous dès aujourd'hui au www. cbgf. com.


- Published: 2024-06-19
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/canadian-business-growth-fund-announces-b-corp-certification/

Canadian Business Growth Fund Announces B Corp CertificationToronto, ON — June 19, 2024 — The Canadian Business Growth Fund (CBGF) proudly announces its B Corp certification, reinforcing its commitment to responsible and ethical business practices that consider its impact on all stakeholders. As a B Corp, CBGF joins a global community of companies dedicated to considering both profit and purpose. As of May 2024, there are over 8,600 B Corp companies in 101 countries spanning across 162 industries and today, CBGF joins a small but growing number of private equity firms that have achieved this status in Canada and around the world. CBGF supports innovation and fosters a resilient and competitive Canadian economy by investing in our entrepreneurs and their bold plans for growth. Since launching six years ago, CBGF has always strived to do our best for our employees, portfolio companies and all stakeholders. Our B Corp status recognizes our efforts of running our business in an ethical and socially responsible manner since our inception, and further emphasizes our mission to make a positive impact on Canadian businesses by providing patient minority capital and strategic support to fuel their growth and foster innovation, while earning market returns. George Rossolatos, CEO and Managing Partner of CBGF says, “We are proud to have achieved our B Corp status. This has been a goal of ours since launching the fund given our commitment to making a positive impact on Canadian entrepreneurs and the Canadian economy, and we believe that this certification further emphasizes CBGF’s mission of supporting mid-market Canadian businesses, while striving to do our best for our employees, portfolio companies and all stakeholders”. What Does it Mean to be B Corp Certified? B Corp certification is awarded to companies around the world by B Lab Global. B Corp is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors such as governance, culture, community, environment, and customers. To achieve the certification, a company must demonstrate high environmental, social, governance (ESG) performance by achieving a B Impact Assessment score of 80 or above and passing the risk review; committing to be accountable to all stakeholders, and exhibit transparency by allowing information about their performance measured against B Lab’s standards to be publicly available on their B Corp profile on B Lab’s website. Our B Corp Journey CBGF’s journey toward B Corp certification involved rigorous assessment across five key impact areas: Governance: CBGF prioritizes transparency, ethical behaviour, and stakeholder engagement. Our governance practices ensure alignment with our mission and we support our portfolio companies to uphold similar standards. Workers: We value our team members’ well-being, diversity, and fair treatment. CBGF fosters an inclusive workplace where everyone’s voice matters and aims to partner with companies that also take this into consideration. Community: CBGF actively contributes to local communities by investing in its partner companies. We collaborate with our partners to address challenges and promote economic growth. Environment: CBGF considers environmental impacts when assessing potential investments and carrying out due diligence and is committed to discussing the importance of limiting and/or mitigating the environmental impact of operations within our portfolio companies. Customers: CBGF’s commitment extends to our portfolio companies and their customers. We advocate and ensure ethical business practices across our entire portfolio. About the Canadian Business Growth Fund (CBGF): CBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $5 million and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. Learn more about our portfolio companies here.


- Published: 2024-06-19
- Modified: 2024-06-19
- URL: https://cbgf.com/fr/news-insights/canadian-business-growth-fund-announces-b-corp-certification/

CBGF annonce sa certification B CorpToronto (Ontario) — le 19 juin 2024 — Le Fonds de croissance des entreprises du Canada (CBGF) est fier d'annoncer qu'il a obtenu la certification B Corp, renforçant ainsi son engagement en faveur de pratiques commerciales responsables et éthiques qui tiennent compte de leur effet sur toutes les parties prenantes. En tant que B Corp, CBGF rejoint une communauté mondiale d'entreprises qui s'efforcent de prendre en compte à la fois le profit et l'objectif. En mai 2024, il y avait plus de 8 600 entreprises B Corp dans 101 pays et dans 162 secteurs d'activités. Aujourd'hui, CBGF se joint à un nombre restreint, mais croissant de sociétés de capital-investissement qui ont obtenu ce statut au Canada et dans le monde. CBGF soutient l'innovation et favorise une économie canadienne résiliente et concurrentielle en investissant dans nos entrepreneurs et leurs plans de croissance audacieux. Depuis son lancement il y a six ans, le CBGF s'est toujours efforcé de faire de son mieux pour ses employés, les entreprises de son portefeuille et toutes les parties prenantes. Notre statut de B Corp reconnaît nos efforts pour gérer notre entreprise de manière éthique et socialement responsable depuis notre création, et souligne davantage notre mission d'avoir un effet positif sur les entreprises canadiennes en fournissant du capital patient minoritaire et un soutien stratégique pour alimenter leur croissance et favoriser l'innovation, tout en obtenant un rendement du marché. George Rossolatos, PDG et associé directeur general du CBGF, déclare : « Nous sommes fiers d'avoir obtenu le statut de B Corp. C'était l'un de nos objectifs depuis le lancement du fonds, étant donné notre engagement à avoir un effet positif sur les entrepreneurs et l'économie du Canada, et nous pensons que cette certification souligne encore davantage la mission du CBGF, qui consiste à soutenir les entreprises canadiennes de taille moyenne, tout en s'efforçant de faire de son mieux pour ses employés, les entreprises de son portefeuille et toutes les parties prenantes. » Que signifie être certifié B Corp? La certification B Corp est attribuée aux entreprises du monde entier par B Lab Global. Elle atteste qu'une entreprise respecte des normes élevées en matière de rendement vérifié, de responsabilité et de transparence dans des domaines tels que la gouvernance, la culture, la communauté, l'environnement et les clients. Pour obtenir la certification, une entreprise doit faire preuve d’un rendement environnemental, social et de gouvernance (ESG) élevé en obtenant un pointage de 80 ou plus à l'évaluation de l'effet B et en réussissant l'examen du risque ; s'engager à rendre des comptes à toutes les parties prenantes et faire preuve de transparence en permettant que des renseignements sur son rendement mesuré par rapport aux normes de B Lab soient accessibles au public dans son profil B Corp sur le site web de B Lab. Notre parcours B Corp Le parcours du CBGF vers la certification B Corp a impliqué une évaluation rigoureuse dans cinq domaines d'effet clés : La gouvernance : Le CBGF donne la priorité à la transparence, au comportement éthique et à l'engagement des parties prenantes. Nos pratiques de gouvernance garantissent l'alignement sur notre mission et nous soutenons les entreprises de notre portefeuille pour qu'elles respectent des normes similaires. Les travailleurs : Nous accordons de l'importance au bien-être, à la diversité et au traitement équitable des membres de notre équipe. Le CBGF favorise un lieu de travail inclusif où la voix de chacun compte et vise à s'associer à des entreprises qui prennent également cela en considération. La communauté : Le CBGF contribue activement aux communautés locales en investissant dans ses entreprises partenaires. Nous collaborons avec nos partenaires pour relever les défis et promouvoir la croissance économique. L'environnement : Le CBGF prend en compte l’effet environnemental lors de l'évaluation des investissements potentiels et de la mise en œuvre de la diligence raisonnable, et s'engage à discuter de l'importance de limiter et/ou d'atténuer l'effet environnemental des opérations au sein des entreprises de son portefeuille. Les clients : L'engagement du CBGF s'étend aux entreprises de son portefeuille et à leurs clients. Nous préconisons et garantissons des pratiques commerciales éthiques dans l'ensemble de notre portefeuille. À propos du CBGF : CBGF fournit des capitaux minoritaires patients et à long terme à des entrepreneurs ambitieux pour financer la croissance et l'expansion d'entreprises du marché intermédiaire avec des investissements compris entre 5 et 20 millions $. Fonds d'investissement permanent avec des engagements en capital de 545 millions $, le CBGF s'engage à établir des partenariats à long terme avec les entreprises dans lesquelles il investit. Dans le cadre de sa mission de stimulation de la croissance, le CBGF met en relation des chefs d'entreprise et des experts du secteur afin d'aider ses entreprises partenaires à atteindre leur plein potentiel. Pour en savoir plus sur les entreprises de notre portefeuille, cliquez ici.


- Published: 2024-02-20
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/navigating-the-private-equity-life-cycle-and-how-cbgf-is-different/

Navigating the Private Equity Life Cycle and How CBGF is DifferentThe journey through the private equity life cycle can be a daunting experience for entrepreneurs. As companies strive to secure the right funding, execute strategic plans, and navigate exit opportunities, the choices made during this process can significantly impact their trajectory. In this article, we'll explore the private equity life cycle and shed light on how the Canadian Business Growth Fund (CBGF) stands out with its distinctive approach, providing long-term, patient, minority capital and fostering partnerships that set businesses up for success. The Private Equity Life Cycle: Sourcing Capital: The first stage of the private equity life cycle involves sourcing capital for growth and expansion. CBGF presents an attractive capital option in the market, offering long-term, patient, minority capital to support mid-market Canadian businesses. CBGF's evergreen approach, unlike many capital providers, allows companies to focus on sustainable growth without the pressure of immediate returns or investor interference in their day-to-day operations. Strategic Planning: Strategic planning is what guides a business through growth. CBGF's commitment to long-term partnerships becomes evident at this stage. By aligning interests with partner companies, CBGF works collaboratively on growth strategies, ensuring a shared vision for sustainable growth is at the forefront of the planning process. Execution: Executing growth strategies requires not only capital but also expertise. CBGF goes beyond being a capital provider – our team provides guidance and advice along the way while also leveraging our network of business leaders and sector experts. This network becomes a valuable resource to help companies navigate the complexities of executing effectively. Exit: The exit phase is where CBGF differs the most in comparison to other private equity funds. CBGF, with its evergreen fund structure, provides entrepreneurs with the flexibility to exit on their terms, respecting their timelines and allowing for strategic decision-making rather than imposing premature exits for short-term gains. CBGF is a partner for the long term, allowing Management to determine the right exit opportunity for them and their business. Why CBGF Stands Out: Entrepreneur Remains in Control: CBGF's focus on holding minority positions is very important for entrepreneurs who want to maintain control over their businesses. Rather than having a controlling shareholder, CBGF becomes a collaborative, value-added partner. This ensures that the entrepreneurial vision remains intact throughout the journey. Direct and Timely Response: In the fast-paced world of business, timing is crucial. CBGF understands this and prides itself on providing direct and timely responses to our prospective and partner companies. From initial feedback to executing transactions, the Fund prioritizes transparency on terms without burying partners in the fine print. This approach allows for a smoother experience and more informed decision-making for entrepreneurs. CBGF's approach, rooted in long-term, patient, minority capital, sets us apart in the private equity landscape. Contact CBGF today If you are looking for growth capital to support your mid-market business and think that a minority investment might be the right funding option for you, we invite you to contact us today.


- Published: 2024-02-20
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/exit-strategies-in-private-equity-a-comprehensive-guide/

Exit Strategies in Private Equity: A Comprehensive GuideFor business owners considering private equity as a means of growing their business, it is important to plan not only for the partnership itself but also for the eventual exit. Effectively navigating exit routes can play a significant role in the ultimate success of the investment. For companies partnered with the Canadian Business Growth Fund (CBGF), the approach to exit differs from traditional private equity models due to its unique evergreen structure. Unlike conventional private equity firms with defined fund lifecycles, CBGF operates with an evergreen structure. This empowers business owners to dictate their growth trajectory and strategic decisions without being bound by rigid investment timelines. With CBGF, the focus extends beyond short-term gains, allowing companies to prioritize sustainable growth strategies tailored to their specific needs and market conditions. Given the flexibility in CBGF's investment approach, crafting an exit strategy becomes a strategic endeavour that aligns closely with the company's long-term vision. Here's a comprehensive guide to navigating exit strategies within the context of CBGF: Alignment of Objectives: A successful exit strategy begins with aligning the interests of the business owner and CBGF at the time of initial investment. Clear communication and understanding of shared objectives ensure that the exit plan reflects the vision for the company's future. Long-Term Value Creation: With CBGF's evergreen structure, the emphasis lies on generating long-term value rather than short-term returns. Exit strategies should focus on maximizing the company's potential, leveraging growth opportunities, and strengthening its market position over time. Strategic Planning: Assessing market dynamics, competitive landscape, and industry trends is essential for devising a strategic exit plan. By staying attuned to market dynamics, companies can optimize their strategic plans. Diversification of Options: CBGF's flexible approach enables companies to explore a range of exit options, including IPOs, strategic acquisitions, management buyouts, or recapitalization. Diversifying exit avenues mitigates risk and enhances the likelihood of achieving optimal outcomes. Preparation and Optimization: Preparation is key to executing a successful exit. Companies should focus on optimizing financial performance, enhancing operational efficiency, and fortifying their value proposition to attract potential buyers or investors. Timing Considerations: While CBGF's evergreen structure provides flexibility, timing remains a critical factor in exit planning. Companies must evaluate market conditions, macroeconomic trends, and industry dynamics to identify opportune moments for exiting while maximizing valuation. Communication and Transparency: Open communication between business owners, CBGF and other investors fosters trust and collaboration and should be discussed upfront to ensure alignment from the start. Transparency regarding intentions, expectations, and decision-making ensures a smooth transition throughout an exit process and minimizes uncertainties. By prioritizing long-term value creation, aligning objectives, and leveraging the flexibility afforded by CBGF's investment model, businesses can craft and modify their exit plans to not only maximize returns but also sustainably position them for future success. If you are an entrepreneur in Canada considering a private equity investment for your mid-market business, contact us today to learn more.


- Published: 2024-01-17
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-cbgf-can-help-your-business-expand-internationally/

How CBGF Can Help Your Business Expand InternationallyAre you an entrepreneur in Canada eyeing international expansion opportunities for your business, but need the capital and expertise to help you achieve your ambitious plans? Look no further than CBGF. As a minority equity investor, we specialize in providing patient capital to a diverse portfolio of growing businesses across Canada. Beyond national borders, CBGF supports its portfolio companies to help them successfully scale on an international level. Crafting a Successful International Expansion Strategy The journey toward international expansion is a strategic leap that demands careful consideration. To capitalize on international demand and unlock significant growth in new territories, businesses need a robust strategy. CBGF provides support and advice to its portfolio companies, emphasizing the importance of evaluating key factors such as target geographies, required resources, market positioning, and more. Overcoming International Expansion Challenges Embarking on international expansion presents a unique set of challenges, and businesses must navigate these hurdles to ensure success. CBGF helps Management teams evaluate critical considerations, including market congestion, potential lack of demand for products, hiring challenges, tax implications, and supply chain risks. Understanding and addressing these risks are pivotal to a smooth and successful expansion. CBGF's Support for Overseas Growth CBGF doesn't just stop at providing growth capital to help companies launch their global expansion plans; our network of business leaders and industry experts offers invaluable expertise in international markets. Our team has valuable business connections to help our Canadian clients with their international expansion. Importantly, CBGF remains a minority investment partner throughout the international expansion journey, ensuring that businesses maintain control over their vision. Real Success Stories: Appnovation and Busbud Two standout examples of companies that have expanded internationally, and continue to do so with CBGF's support, are Appnovation and Busbud. Appnovation, a Vancouver-based digital consultancy, has benefited from CBGF's support. With offices across the Americas, Europe, and Asia-Pacific, Appnovation is a successful global operation. The consultancy's innovative approach to digital strategy, user experience, and design has garnered recognition and partnerships with Fortune 500 companies, government entities, and nonprofit organizations across the globe. Busbud, a Montreal-based travel services company, is another success story with which CBGF has partnered. Global travellers can purchase intercity bus tickets in over 80 countries worldwide with Busbud. CBGF continues to support Busbud with expansion, innovation, recruiting talent, acquisitions and financing. Contact CBGF today Considering international expansion for your Canadian business? CBGF is a long-term, patient minority partner that can help you on this journey. With a wealth of industry expertise and a network of experienced business leaders, CBGF is committed to helping businesses thrive on an international scale. Contact CBGF today to explore how a growth capital investment can help you achieve your ambitious plans for growth on the global stage.


- Published: 2023-11-06
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/growth-through-acquisition-cbgf-podcast/

Growth Through Acquisition - A Globe & Mail WebcastAcquiring a company can serve as a beneficial means to increase your market presence and boost your revenue. However, it comes with inherent risks. In October, 2023, The Globe and Mail conducted a webcast where specialists offered insights into the common challenges linked to business acquisitions, the transition process, and strategies to minimize risk before and after the acquisition. Speakers: Michael Black, Partner, Richter Navaid Mansuri, CFO, Dialogue Stephanie Ciccarelli, Co-founder of Voices and CMO, Lake George Rossolatos, CEO and Managing Partner, Canadian Business Growth Fund Jameson Berkow, Capital Markets Reporter, The Globe and Mail *Source: Globe and Mail https://www. theglobeandmail. com/events/article-growth-through-acquisition-chart-the-right-strategy-for-your-company/


- Published: 2023-10-16
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/understanding-our-investment-criteria/

Understanding our Investment Criteria: What the Canadian Business Growth Fund Looks for in Potential PartnersFinding an investment partner that believes in your business and can help you grow can be a huge asset for companies looking to take the next step – but finding the right business partner is essential, so you must have some vetting criteria. At the Canadian Business Growth Fund (CBGF), it is also essential for us to choose the right partners to invest in. We need to know that it is the right fit so that a productive partnership can be formed. At CBGF, we are committed to supporting the growth and success of dynamic mid-market companies across Canada. But what exactly do we look for in potential partners? In this blog post, we'll break down our investment criteria to help you understand what makes a company an ideal candidate for CBGF. 1. Annual Revenue Between $5 Million to $100 Million CBGF seeks out mid-market companies with annual revenues ranging from $5 million to $100 million. This range is crucial as it signifies that a level of maturity and sustainability has already been established, which aligns with our mission to fuel growth. Companies within this revenue range have often passed the initial start-up phase and have established themselves in their respective markets. This is when they are ready to scale and ramp up their operations. 2. Minority Equity Stake of 10% to 40% We aim for a minority equity stake in the companies we invest in, ranging from 10% to 40%. This approach allows businesses to maintain their ownership while benefiting from our strategic support and resources. It's a win-win situation, enabling companies to continue pursuing their growth strategies with our backing and guidance along the way. 3. Entrepreneurial Management Team We look for entrepreneurial management teams that have a clear vision for growth and a track record of successfully executing their strategies. We value leadership that is forward-thinking, adaptable and committed to the company's long-term success. In addition, we want our partner management teams to share similar values as CBGF: partnership, passion, excellence, accountability and integrity. 4. Investment Size Between $5 Million to $20 Million CBGF typically invests between $5 million to $20 million in its partner companies. This investment size allows us to provide meaningful support without taking control or stifling the company's operations. It's a strategic range that aligns with the growth ambitions of our partner companies. 5. Based in Canada We are proud to support Canadian businesses. Our focus is on companies headquartered in Canada, as we believe in the potential and resilience of our entrepreneurs and businesses. Investing in homegrown businesses is at the core of our mission. 6. Significant Expansion Opportunity One of the most exciting aspects of our work is identifying and supporting companies with substantial expansion potential. We are drawn to partners who have a clear vision for accelerated growth and the strategies in place to achieve it. Together, we aim to unlock new opportunities and take businesses to the next level. Areas where we do not invest: While understanding what we look for in potential partners is essential, it's equally important to know what we do not invest in: Start-ups & Unproven Business Models: We focus on companies that have established themselves and demonstrated a growth trajectory. Start-ups and unproven business models are a stage early for us. Controlling Equity Stakes: CBGF seeks minority equity stakes to preserve the autonomy and entrepreneurial spirit of the companies we invest in. Excessive Leverage: We are cautious about excessive leverage as it can pose risks to a company's financial stability. Change of Control Buyouts: Our primary focus is on growth and expansion, so we do not engage in change of control buyout transactions. Resource Extraction: We do not invest in resource extraction industries. Real Estate: Real estate ventures are also outside the scope of our investments. Contact CBGF today Understanding CBGF's investment criteria is key for companies seeking partnership from our firm. If your business aligns with our criteria and you believe we can help you achieve your growth goals, we encourage you to reach out. Together, we can drive innovation, create jobs, and contribute to the success of Canada's business landscape. Contact us today to start a conversation!


- Published: 2023-10-06
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/why-the-cbgf-is-essential-for-economic-development/

Fueling Growth: Why the Canadian Business Growth Fund is Essential for Economic DevelopmentIn 2017, the federal government’s Advisory Council on Economic Growth published a report entitled Unlocking Innovation to Drive Scale and Growth. The report identified several sectors in which Canada has the opportunity to take a leading role in the world’s economy. The report also identified gaps or potential barriers to those achievements. Two notable barriers were: A gap between invention and revenue-generating commercialization. The inability of many Canadian start-ups to scale up their businesses. These barriers are often the result of insufficient growth capital and/or insufficient executive talent who can bring a Canadian business to the next level. And that is where the Canadian Business Growth Fund comes in. What is the Canadian Business Growth Fund? The Canadian Business Growth Fund is a means for Canadian businesses to obtain the capital they need through minority partnership investment. It is not a loan, so entrepreneurs do not have to worry about incurring debt. It is selling a minority ownership in their business that allows entrepreneurs access to capital while allowing them to retain control of their company. In addition to capital, however, entrepreneurs also receive valuable advice and are opened up to a broader array of industry experts through CBGF’s network, who can help them scale up their businesses and take them to the next level. From innovation to commercialization Canada has some wonderful universities and other institutions where innovation, research and development can thrive. Where this innovation often falls short, however, is in bringing it from the development stage to the stage where it can be commercialized and earn a profit. Canadian businesses looking to bring new innovation to the market may need to make considerable investments in marketing or other expenses to make a new innovation appealing to consumers and to become profitable. Scaling up a business Where your business is looking to introduce new and innovative products and services to its offerings, expand into new geographic regions, or even acquire other businesses, it will take capital – much of which will be put to work before the company can begin to reap the rewards of its expansion. Funding options Introducing new technology to market or scaling up an existing business takes considerable capital. Entrepreneurs who are flush with cash may be able to bootstrap (self-fund) their business; however, this option is not practical or feasible for most. The other options are to get a business loan or to seek out investors who are willing to invest in your company in exchange for a portion of ownership in your company – as either a minority or majority partner. For entrepreneurs wishing to retain control of their company, finding a minority partner who shares their vision and trusts them with the day-to-day operations of the company is ideal. This is exactly what the Canadian Business Growth Fund offers. Contact CBGF today If you are interested in learning more about bringing on a minority partner so that you can access the capital you need to scale up your business, then contact us today.


- Published: 2023-10-06
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-the-canadian-business-growth-fund-empowers-entrepreneurs/

Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers EntrepreneursAt CBGF, we have helped several companies take the next step in their growth by providing them with minority capital. Unfortunately, we cannot back every entrepreneur we meet, as we must be selective in which entrepreneurs and companies we choose to back. We are not the right fit for all companies, as some may be at a stage too early in their growth journey for CBGF. Although we may not always be the right fit for an investment today, it doesn’t mean we don’t want to see them succeed or come back to us once they are within our investment criteria. And it doesn’t mean we don’t offer any help at all. In fact, even though some entrepreneurs may not be the right fit right now, we continue to provide advice and support, and even facilitate introductions where possible, so they can improve their business or find a partner that is right for them. We will often share our advice and expertise on steps they may need to take or areas they may need to think through further, either to come back to us at a later date or to help them on their journey with other investors. Here are some examples: Unified vision and long-term planning As investors, we want to see that the management team members have a clear and unified vision for the future of their business. Management teams must be aligned and work collaboratively toward a common goal. This unified front fosters a sense of trust and reassurance for potential investors and helps to build confidence in the company. Historical performance vs. projected performance While we love to see entrepreneurs who are excited about the future and sharing their growth plans, it is also important as investors that we see that the company is already well-managed and that entrepreneurs are able to showcase their achievements to date. Oftentimes, we ask entrepreneurs to come back to us after a period of time once they have proven more of their business model or have demonstrated traction and growth in the market. This also helps investors build more trust and confidence in the company when projected performance turns into real performance results. Projections are also very important, but they must be supported by data and historical trends. Market research Market dynamics are constantly changing, so entrepreneurs must stay current with the latest industry trends. When entrepreneurs understand the market well, they can make more informed decisions and better capitalize on new opportunities. Thorough market research is key to gaining an edge over the competition. Adaptability and resilience Investors are drawn to entrepreneurs who are resilient and who can adapt to the changes and challenges of the business world. Entrepreneurs who demonstrate a willingness to learn from setbacks can build investor confidence in that entrepreneur’s ability to navigate uncertainty. Transparency and open communication Honesty and transparency are essential traits for any entrepreneur seeking investment in their company. Open and transparent communication about a business’s successes and challenges fosters trust and credibility. Investors appreciate entrepreneurs who openly share their progress and seek expert feedback and advice. Strong value proposition Finally, and perhaps most importantly, an entrepreneur needs to be able to articulate the value proposition of their company. Understanding the needs of their customers and tailoring their offerings accordingly will increase the chances of gaining interest from investors. At CBGF, we are committed to empowering entrepreneurs. While we cannot back every entrepreneur who approaches us, we always do our best to give them meaningful and useful advice to help them drive success and growth.


- Published: 2023-10-05
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/listen-to-the-podcast-george-rossolatos-of-cbgf-on-how-to-build-sustainable-growth-with-a-longer-term-investment-approach/

George Rossolatos, CEO of CBGF, On How to Build Sustainable Growth with a Longer Term Investment ApproachThis week on the Private Equity Value Creation Podcast, George Rossolatos, CEO & Managing Partner of CBGF, spoke with Shiv Narayanan about the pitfalls of aggressive revenue targets and growth timelines. We explore how portcos can balance early profitability vs. high-burn rates, the benefits of longer holding periods, and why creating a more realistic approach to growth trajectories is beneficial. To listen to the podcast click here.


- Published: 2023-07-11
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/success-stories/

Success Stories: How the Canadian Business Growth Fund Helped Canadian Companies ThriveCanadian business owners across the country pride themselves on building or scaling up their companies. But everyone can use some help every now and then – and that’s exactly what the Canadian Business Growth Fund (CBGF) has to offer. As minority investors, we provide Canadian business owners with the capital they need while ensuring they have control over their companies. And the model works! The following are just a few examples of how we have helped Canadian companies thrive. Appnovation Vancouver based tech company, Appnovation, turned to CBGF in 2019 when the founders were looking to take the business to the next level. Arnold Leung, Founder and CEO, says he was excited when he discovered CBGF, as it was a fund that was evergreen to support entrepreneurs within the country. Within a short timeframe, CBGF was able to help the Canadian tech company achieve a five-year revenue growth of 520% and rank 175 on the annual Growth 500 list by Canadian Business and Maclean’s. believeco:partners Arlene Dickinson trusts CBGF as a funding partner in her role as Co-Managing Partner and Executive Chair of believeco:partners, a marketing agency consolidator based in Calgary. As one of the stars of CBC’s Dragon’s Den and an avid investor herself, Dickinson knows a thing or two about the industry, so we are incredibly proud that she has shared her testimonial. “The reason we ended up selecting CBGF as our private equity partner was because of their true demonstration of the understanding of entrepreneurialism, their belief in the Canadian market and their support of the Canadian market, and their value system. Between the values of the executives that we are working with; between the expression of support for entrepreneurs; and between the national agenda, we loved that they were so lined up with what we we’re trying to do as well,” says Dickinson. Busbud Busbud, a travel services company that focuses on inter-city bus tickets around the world, was CBGF’s first investment in a company based in Quebec. LP Maurice, CEO and Co-Founder of Busbud, was impressed not only by CBGF’s investment process but also by the support we give to companies we invest in. For example, when the company expanded into Asia, the CBGF team identified a financial consultant within our network who had extensive experience in the particular country that Busbud was targeting. This consultant was able to guide the company on its market entry strategy, which according to Maurice, was an important factor in their success. Felix Health Emma Stern, Co-Founder and COO at Felix Health, was appreciative of having CBGF as a minority partner in her business. “When we were considering a partnership with CBGF, there were really three crucial things that we were looking for in a partner,” says Stern. “One, was someone who shared our excitement about our business and the space we operate in; the second thing we were looking for was someone willing to take the time to understand our business in its entirety; and third, we were looking for a smart partner – smart people whose input we value and who we were excited to work with and learn from, and we found all three in CBGF. ” Stern also notes that she appreciated the flexibility she had with CBGF, where she did not feel her company was forced into a certain round size or timing. Instead, CBGF worked with Felix to determine what was best for the needs of the company. Is CBGF right for your company? If you own a Canadian company and are looking for a minority partner, we invite you to contact us to see if we might be a good fit to help you scale. We have helped many Canadian companies gain access to patient, minority capital and a value-add partner, and it is our ongoing mission to help many more do the same.


- Published: 2023-06-28
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/using-private-equity-to-fund-merger-and-acquisition-strategy/

Using Private Equity to Fund a Merger and Acquisition StrategyWhen it comes to scaling your business, a variety of strategies can be used. Many people think of scaling strictly in terms of growing their existing operations; however, merger and acquisition strategy (M&A) is a common process companies will leverage to expand their existing business. Sometimes referred to as a buy and build strategy, M&A involves purchasing one or more companies, allowing you to become more competitive and capture a greater share of the market. If an M&A strategy is something that you are considering for your business, the next question will be how to fund such a strategy. One option is to seek outside capital, namely through private equity. In this article, we will discuss what you need to know about using private equity to fund an M&A strategy. How to select the right private equity partner: Private equity is a method of business funding that involves exchanging an equity share in your company for capital. Your company can then use these funds to advance its M&A strategy. However, before you choose an equity partner, it is important to do your due diligence to ensure that there is a good match. For example, you will want to ensure that your interests are aligned with that of your new private equity partner in terms of the timeline for the M&A strategy to be executed. If your new equity partner is looking for a fast turnaround while you believe it is better to be patient, then there is the potential for conflict. You will also want to ensure that your views are aligned as to who the potential acquisition targets are. You may need to reach an agreement that balances long-term growth with short-term value. If you choose to work with a majority investor, they may want a greater say in how the company is run and possibly even want to change the management structure. A minority partner, on the other hand, will not be in a controlling position, and will let you run the company as you see fit and be there to provide insight and guidance as necessary. Is private equity the right choice for your company’s merger and acquisition strategy? There are several factors that will play a role in helping you decide if private equity is right for you. These include: Investor profile – It’s important to research any investment firm before you partner with them. Firms that have experience investing in your sector are more likely to be able to provide you with valuable advice on your M&A strategy to help you be successful. And as mentioned, it is important to ensure that their values align with your own. Deal type – The type of deals you are looking to incorporate into your M&A strategy can also help you determine if private equity is the right choice. A horizontal merger (between companies of a similar level on the value chain) is generally simpler than a vertical merger which involves companies at different levels of the value chain. Your attitude toward debt – Private equity can be a good option for those that are adverse to debt. On the other hand, for private equity to work, you also need to be comfortable giving away a portion of ownership in your business. Contact CBGF today If you are interested in exploring bringing on a minority partner for your M&A strategy, we would love to hear from you. Contact us today to discuss whether a partnership with CBGF would be the right fit for your Canadian business.


- Published: 2023-06-20
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/

Canadian Business Growth Fund (CBGF) Celebrates Five Years of Backing Ambitious Entrepreneurs across CanadaFunded by Canada’s leading banks and insurance companies, CBGF has proudly delivered on its mission of providing mid-market Canadian businesses with access to the long-term, patient, minority capital they require to grow. TORONTO, June 20, 2023 - The Canadian Business Growth Fund (CBGF) today celebrates its five year anniversary since the start of its national mandate to help entrepreneurs access the capital and guidance they need to drive growth and expansion for their high potential mid-market Canadian businesses. “It feels like just yesterday that CBGF was celebrating its launch with a small founding team in place and a lot of unknowns of what would come in the years to follow,” explains George Rossolatos, CEO & Managing Partner. “Looking back after five years, I am humbled and honoured to lead our team, which is now comprised of over 20 passionate individuals who along with our partners, the leading financial institutions in Canada, are passionate about filling the growth capital gap. ” CBGF’s mission is to invest between $5 million and $20 million in dynamic, mid-market companies with $5 million or more in annual revenue, and a clear vision for accelerated growth. The fund provides Canadian companies with patient, minority capital, guidance and a made-in-Canada solution that keeps entrepreneurs in control of their businesses. “Over the last five years we have witnessed and been fortunate enough to have met over 2,000 of Canada’s exceptional entrepreneurs and companies with the potential to scale. Among the vast majority, there has been a common theme driving many of our conversations, and that’s a lack of patient, minority capital and advice to help these Canadian companies scale. ” The challenge of accessing growth capital in Canada was highlighted in a report from the Minister of Finance's Advisory Council for Economic Growth in 2017, which advocated for the creation of a private sector-led growth fund to provide minority investments in established and high-growth Canadian businesses while contributing to a vibrant, innovative and diversified economy. In response, Canada’s leading banks and insurance companies came together to form CBGF, a private sector fund with capital commitments of $545 million. Since 2018, CBGF has invested in 31 promising Canadian companies from coast to coast with geographic operations spanning all 10 provinces with headquarters across eight. Many of CBGF’s portfolio companies have made a mark on the global stage, with operations in North America, South America, Europe, and Asia and employ over 6,000 people globally. As an industry-agnostic fund, CBGF’s portfolio represents a cross-section of the Canadian economy including investments in the waste management, healthcare, education, software, auto-collision repair, technology, and oil & gas industries among other sectors. In addition, CBGF has continued to support its partners’ growth, completing over 25 follow-on investments to date. With CBGF’s support, its portfolio companies have created over 2,000 new jobs in Canada, contributing to a prosperous economy. CBGF has also successfully exited three of its investments, supporting the management teams that have decided to sell on their own timeline. “As founding CEO, George assembled a strong team, built the infrastructure for launch, and began to build CBGF’s investment portfolio in a remarkably short period of time. Consistent with the fund’s mission, investments are across Canada and across industries and are demonstrating positive results overall so far. On behalf of the board and our institutional shareholders, we congratulate the team on this 5-year milestone. ” Says Dale Ponder, Chair of CBGF. The team at CBGF is looking forward to continuing to broaden its impact over the next five years as they continue on their mission of filling the growth capital gap in Canada, which remains significant. CBGF is supported by Canada’s leading banks and insurance companies including BMO, CIBC, RBC, Scotiabank, TD Bank, ATB, Canada Life, HSBC Bank Canada, Manulife, National Bank, Sun Life, Canadian Western Bank and Laurentian Bank.


- Published: 2023-06-20
- Modified: 2023-12-21
- URL: https://cbgf.com/fr/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/

Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaFinancé par les principales banques et compagnies d'assurance du Canada, le CBGF a fièrement rempli sa mission qui consiste à fournir aux entreprises canadiennes du marché intermédiaire l'accès aux capitaux minoritaires patients et à long terme dont elles ont besoin pour se développer. TORONTO, le 20 juin 2023 - Le Fonds de croissance des entreprises du Canada (CBGF) célèbre aujourd'hui son cinquième anniversaire depuis le début de son mandat national visant à aider les entrepreneurs à accéder aux capitaux et aux conseils dont ils ont besoin pour stimuler la croissance et l'expansion de leurs entreprises canadiennes de taille moyenne à fort potentiel. « Il me semble que c'était hier que le CBGF célébrait son lancement, avec une petite équipe de fondateurs en place et beaucoup d'inconnues sur ce qui allait arriver dans les années à venir », explique George Rossolatos, PDG et directeur associé. « Cinq ans plus tard, je suis très honoré de diriger notre équipe, qui compte aujourd'hui plus de 20 personnes passionnées qui, avec nos partenaires, les principales institutions financières du Canada, ont à cœur de combler les lacunes en matière de capital de croissance. » La mission du CBGF consiste à investir entre 5 et 20 millions de dollars dans des entreprises dynamiques du marché intermédiaire dont le chiffre d'affaires annuel est de 5 millions $ ou plus et qui ont une vision claire de l'accélération de leur croissance. Le fonds fournit aux entreprises canadiennes des capitaux patients et minoritaires, des conseils et une solution canadienne qui permet aux entrepreneurs de garder le contrôle de leur entreprise. « Au cours des cinq dernières années, nous avons eu la chance de rencontrer plus de 2 000 entreprises et entrepreneurs canadiens exceptionnels ayant le potentiel de se développer. Parmi la grande majorité d'entre eux, un thème commun a animé nombre de nos conversations, à savoir le manque de capital patient, minoritaire et de conseils pour aider ces entreprises canadiennes à passer à un niveau supérieur ». Le défi de l'accès au capital de croissance au Canada a été souligné dans un rapport du Conseil consultatif pour la croissance économique du ministre des Finances en 2017, qui préconisait la création d'un fonds de croissance dirigé par le secteur privé pour fournir des investissements minoritaires dans des entreprises canadiennes établies et à forte croissance tout en contribuant à une économie dynamique, innovante et diversifiée. En réponse, les principales banques et compagnies d'assurance du Canada se sont réunies pour former le CBGF, un fonds du secteur privé dont les engagements en capital s'élèvent à 545 millions $. Depuis 2018, le CBGF a investi dans 31 entreprises canadiennes prometteuses d'un océan à l'autre, avec des opérations géographiques couvrant les 10 provinces avec des sièges sociaux à travers huit. De nombreuses entreprises du portefeuille du CBGF ont laissé leur marque sur la scène mondiale, avec des opérations en Amérique du Nord, en Amérique du Sud, en Europe et en Asie, et emploient plus de 6 000 personnes à l'échelle mondiale. En tant que fonds indépendant, le portefeuille du CBGF représente un échantillon représentatif de l'économie canadienne, avec des investissements dans les secteurs de la gestion des déchets, des soins de santé, de l'éducation, des logiciels, de la réparation automobile, de la technologie, du pétrole et du gaz, entre autres. De plus, le CBGF a continué à soutenir la croissance de ses partenaires en réalisant plus de 25 investissements de suivi à ce jour. Grâce au soutien du CBGF, les entreprises de son portefeuille ont créé plus de 2 000 nouveaux emplois au Canada, contribuant ainsi à la prospérité de l'économie. Le CBGF a également réussi à se retirer de trois de ses investissements, en soutenant les équipes de gestion qui ont décidé de vendre selon leur propre calendrier. « En tant que PDG fondateur, George a réuni une équipe solide, mis en place l'infrastructure nécessaire au lancement et commencé à constituer le portefeuille d'investissement du CBGF dans un laps de temps remarquablement court. Conformément à la mission du fonds, les investissements sont réalisés dans tout le Canada et dans tous les secteurs d'activité, et les résultats obtenus jusqu'à présent sont globalement positifs. Au nom du conseil d'administration et de nos actionnaires institutionnels, nous félicitons l'équipe pour ce jalon de cinq ans», a déclaré Dale Ponder, président du CBGF. L'équipe du CBGF se réjouit de continuer à élargir son impact au cours des cinq prochaines années, tout en poursuivant sa mission de combler le manque de capital de croissance au Canada, qui reste important. Le CBGF est soutenu par les principales banques et compagnies d'assurance du Canada, notamment BMO, CIBC, RBC, Banque Scotia, Banque TD, ATB, Canada vie, Banque HSBC Canada, Manulife, Banque Nationale, Sun Life, Banque Canadienne de l'Ouest et Banque Laurentienne.


- Published: 2023-05-18
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/what-does-cbgf-look-for-in-a-business/

What does CBGF look for in a business? As a company looking to scale, you’ve likely done (or at least started to do) some research on the various types of funding as you want to determine what is going to be best for your company. Since you have landed on the CBGF website, you are likely considering minority equity funding, and you may be wondering if your company is one that CBGF would be interested in investing in. To help you answer that question, here are a few things that we look for when deciding whether we should invest in a particular company. Fit When you delve into the world of private equity investors, you will quickly discover that many – if not most – have niche areas where they will invest. In some cases, it will be a specific sector or industry; in other cases, it may be deals over a certain dollar amount. Some investors seek out only majority investments, while others seek out minority investments. At CBGF, we look for minority investments across a range of sectors of companies headquartered in Canada. Financials To attract any investor to your company, it is important to ensure you can provide them with sufficient financial information to allow them to make their decision. This information, in most cases, will need to go beyond the typical profit and loss statements that you compile on an annual or quarterly basis. Although most private equity firms will generally require more sophisticated reports and projections, CBGF is flexible and understands that some companies may not have presentations or audited financial statements readily available. We strive to work with the data and reports the company uses to make its decisions versus asking for a standardized checklist of items. Management team Additionally, your investors will want assurance that you have a strong management team in place. They will want to meet this team and develop a good professional relationship with them. It is this team, after all, who will be primarily responsible for ensuring the success of the business! In addition to meeting and getting to know your management team, your investors will also want to know their responsibilities and how they measure success. In particular, you should have an experienced finance director or CFO – ideally, one that has experience handling common requests from private equity firms. For companies that did not have a CFO or other key team members already in place, we have helped them post-investment to hire and bring on new talent to ensure the company was prepared for growth. In addition, your team should have a clear, collective vision for the future of the company and its long-term growth. A well-thought-out plan for growth Companies approach investors looking for capital to help them grow quite often. But investors want to see that you have put some thought into exactly how you are going to grow and exactly how you want to use that capital. You also need to be able to clearly communicate this plan for growth with potential investors. Keep in mind that potential investors may also have their own ideas about what your company should be doing to grow, so it’s important to be upfront about your plans to ensure your interests are aligned. Finding the right partner is crucial to the company’s continued success. What does CBGF look for in a business? CBGF is a minority equity investment firm that focuses on mid-market Canadian businesses across a range of sectors that are looking to scale up. We don’t believe in setting strict timelines; instead, we allow companies to grow at their own pace. If you think that your company might be a good fit for an investment from CBGF, we encourage you to contact us today.


- Published: 2023-04-21
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/minority-growth-capital-for-manufacturers/

Minority Growth Capital for ManufacturersManufacturing is a sector that typically requires a lot of scale-up costs, from labour to equipment to marketing, before a business can become profitable. Likewise, if a manufacturing company is looking to expand its client base, move into other markets, or deliver new products, there are usually upfront costs involved before the business will see any profit from these new avenues. This can put some manufacturing companies in a difficult position: they need to grow to become more profitable but require more money before they can grow. Minority growth capital is, therefore, a very attractive option for many manufacturing companies. By way of example, in 2021, Stephano Group Ltd, a Canadian, family-run, consumer packaged food manufacturer, leveraged minority growth capital from CBGF to take their company to the next level. What is minority growth capital? Minority growth capital is defined as funds provided by an external party (typically an investor or investment firm) that goes directly towards the growth of the business. Since the investor is a minority partner, the company owner(s) or founder(s) still retains control (more than 51% of the business) over how the business is run, but they gain the funding they need – as well as additional expertise and business connections from the investor – to grow their business. Why minority growth capital? There are several advantages to choosing minority growth capital when you are ready to expand your manufacturing business. For starters, this form of capital allows you to get the funds you need without incurring more debt to the company and without giving up controlling interest. Minority growth capital can be used for you to expand your business. For example, as a manufacturer, to produce more goods or expand your SKU offering, you may need to hire additional personnel or upgrade your equipment. Perhaps moving to a larger facility or investing more in your sales and marketing team is necessary. If you do not wish to incur subsequent debt to do these things, then minority growth capital could be the right option for you. And if your minority growth capital comes from a firm such as CBGF, you can also get access to expert advice to help you put those funds to where it will most benefit your business and help you achieve your growth goals. Contact CBGF today. If you are an entrepreneur of a manufacturing or family-run business that you would like to grow and you think that minority growth capital might be the right choice for you, we would love to hear from you. Contact us today to schedule an introduction with one of our investment partners.


- Published: 2023-03-23
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/canadas-most-admired-ceo-program-2022-congratulations-brendan-king-of-vendasta-and-muni-boga-of-kudos/

Canada’s Most Admired CEO™ program 2022: Congratulations Brendan King of Vendasta and Muni Boga of Kudos®Waterstone Human Capital, Canada's leading cultural talent management firm, has recently announced the winners of the Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ program for 2022. The program recognizes best-in-class Canadian organizations and CEOs for fostering high-performance corporate cultures that help sustain a competitive advantage. The program recognizes national winners in categories including Enterprise, Mid-Market, Growth, Emerging, and the Broader Public Sector. The winners are chosen based on their commitment to creating a positive workplace culture, which is evident in the company's committed to diversity, equity, and inclusion, and their focus on employee engagement. Our team at Canadian Business Growth Fund want to extend our heartfelt congratulations to Brendan King, CEO at Vendasta, for receiving the Growth Award and Muni Boga, CEO of Kudos®, for receiving the Emerging Award at last night's Canada's Most Admired CEOs ceremony hosted by Waterstone Human Capital. CBGF is proud to partner with these two outstanding CEOs and we look forward to supporting their continued success. Congratulations to both Brendan King and Muni Boga for their extraordinary work! Learn more about Vendasta: https://cbgf. com/portfolio/vendasta/ Learn more about Kudos®: https://cbgf. com/portfolio/kudos-inc/ Learn more about Waterstone: https://waterstonehc. com/canadas-most-admired/


- Published: 2023-03-22
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/how-do-you-scale-a-product-led-company/

How Do You Scale a Product-led Company? Many business owners, at some point in their company’s evolution, will decide that they want to scale their business – and there are various ways of doing this. In this article, we will discuss specifically how to scale a product-led company. What is a product-led company? When we say that a company is product-led, we mean it follows a product-led growth (PLG) business model. In other words, it is a product that is used to scale the company. For this to occur, the company not only needs to have an amazing product that solves a problem, but one that also delivers a great customer experience. The product must be something that stands out amongst its competitors to win the attention of consumers. In your marketing, you are not simply selling a product, but you need to sell the philosophy and lifestyle represented by the brand. In this way, your product becomes the vehicle by which you scale your business, driving your sales, customer acquisition and customer retention. What challenges do product-led companies have? Perhaps the biggest challenge faced by product-led companies is competition. In highly competitive markets, these companies are in a race to be the first to launch their products and the first to convert users to adopt their products. Product-led companies must be continually improving and adapting to make their products better, faster, more user-friendly, and so forth. If they are not evolving, they will be surpassed by competitors that are. How do you scale a product-led company? First and foremost, your company needs to have a product that is truly great. Not just good – great. Having a great product will not only give you an advantage over your competition, but it will give your company a good reputation and immediate credibility. To scale your business, you need to take the opportunity to turn your product into a platform – a product that defines the category – a product that simply can’t be copied by inferior brands. Your product needs to gain a reputation as being best in class. Finally, your company needs to become a leader in the product category. The entire culture of the company must become product inspired as leaders think strategically about the experience that their product delivers. How to fund your company growth Scaling a product-led company usually requires capital which can be gained from a number of sources, from loans to acquiring capital. Funding is generally required for research and development, marketing, production, hiring top talent and so forth. Company founders typically want to retain majority control of their business given they are the ones with the vision, product knowledge, and have grown their company since its inception. At CBGF, we only invest as a minority partner, ensuring entrepreneurs can access the capital they need while ensuring they maintain control of their business, allowing them to see their vision through to reality. Contact CBGF today. Are you interested in exploring a minority investment to help you scale your product-led company? If so, contact us today to learn about your options.


- Published: 2023-03-02
- Modified: 2026-04-24
- URL: https://cbgf.com/news-insights/expansion-capital-and-when-might-a-canadian-business-need-it/

What is Expansion Capital, and When Might a Canadian Business Need It? Just because you’re already running a successful business doesn’t mean you don’t have plans and dreams to make it bigger and better. Perhaps you want to double your sales or expand into international markets. These are worthy goals for a business owner, but the less money you have for investment into this expansion, the more time it will likely take to achieve the results you want. To grow more quickly than forecast, you could invest in a new product line or even buy out a competitor – but all of this takes money or “expansion capital. ” What is expansion capital? Broadly speaking, expansion capital is simply money that helps you grow your business. But for the purposes of this article, we will explore expansion capital in the form of an equity investment. CBGF provides minority equity investments which are a great solution for many medium-sized businesses looking to scale up. Unlike a business loan which you are expected to pay back with interest, an equity investment is where an investor provides capital in exchange for an ownership percentage (e. g. , 10%) of your business. The term ‘minority’ refers to the portion of ownership an investor may control. CBGF wants the entrepreneur to stay in the driver’s seat and will only take less than 40% ownership in any business it invests in. What is expansion capital used for? Expansion capital can be used to help a business owner invest in several things that can help their business scale up, including: Product development – pay for the costs of market research, design, and product testing. Increase production capacity – maybe your current production facility has already reached its limit. To increase capacity, you may have to invest in newer equipment or even move to a larger location. Sales and marketing – Do you have a great product and the capacity to produce more, but you simply need to get the word out more? Expansion capital can help you hire more salespeople or invest in more effective marketing. International expansion – Canada is a great place to do business, but it only represents about 1. 2% of the Global GDP. If you feel like it is time to take your business into new markets, expansion capital can help you do that. Succession planning – if a major shareholder is leaving the company, expansion capital can help ensure that the company has the finances it needs to continue growing. Acquisition finance – sometimes, the fastest way to grow is to buy out a competitor. Expansion capital can help you do this. How do I know if my business needs expansion capital? There are several reasons why a Canadian business might seek out expansion capital to help them grow. If this is something you are thinking about, consider the following: Do you have goals for your company (such as investing in a new product line or moving to a better facility) that cannot be achieved through your existing resources? Do you require capital to improve profitability or market share? Are you interested in acquiring other companies but lack the resources and capital to do so? Are you willing to give up a portion of ownership in your business? If so, to what degree? If you answered yes to any of these questions, then expansion capital may be the right solution for you. Contact CBGF today Would you like to explore your options for expansion capital in the form of a minority equity investment? Contact us today to get started.


- Published: 2023-01-27
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-it-takes-for-canadian-companies-to-scale/

What it Takes for Canadian Companies to ScaleCanada is a country that is full of amazingly talented entrepreneurs who are innovating and very good at starting new businesses. However, as noted by the Canadian Government back in 2016, although we are very good at starting companies, Canadian entrepreneurs don’t tend to scale their businesses as well as our neighbours to the south. There are many reasons for this, but a lot boils down to a lack of readily available resources, be it experienced business talent or available growth capital. What does it mean to scale your business? Many use the phrases “scale your business” and “grow your business” interchangeably. But they don’t exactly mean the same thing – not quite. You need to scale your business before you can grow it – scaling is more about building capacity and capability. Say you have the goal of doubling your sales this year. Great! But do you have the capability to handle all those extra sales? Do you have the means to invest in the extra personnel or equipment that filling all those extra orders would require? This is what we mean by scaling – having that capacity. So, what do you need to scale your business? A Plan Just like you needed a business plan to start your business, you will need another one to effectively scale your business. Determine what level of growth you wish to achieve and what you will need in sales to reach that goal. Then determine what kind of investments you need to make, being as detailed as possible. The better you budget and forecast your profit and loss, the less stressful scaling your business will be because you will already have an idea of what to expect. Fundraising The next step to scaling your business is finding the capital. This can be a challenge to many Canadian entrepreneurs who may have started their business by bootstrapping (funding it themselves). While bootstrapping can be a great way to start a business, it can be incredibly difficult and take a long time to scale a business in this way. It is often more effective to look for business loans or to seek out investors. This can come with its own set of challenges as well since there are many types of loans and investments, each with its own pros and cons. You will need to decide what funding method will be best for you and your business. Expertise Leveraging the expertise of others is an excellent way for entrepreneurs to scale their businesses. Hire or outsource experts knowledgeable in the areas where you lack experience. Building a strong team is essential to scaling your business. And if there are functions that you are performing in your business now that are taking your focus away from scaling the business, you may want to reassign those functions to someone else so that your time may be used where you will get a higher return on investment. Contact CBGF today If you are looking to scale your business, a minority investment from CBGF may be a good fit for you. We also have an extensive network that we can share with our portfolio companies, who can provide their expertise to help your business grow. Contact us today to learn more.


- Published: 2022-12-20
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-makes-us-different/

What Makes Us Different? The Canadian Business Growth Fund (CBGF) is a minority investment fund with a mission of helping mid-market Canadian companies grow by providing patient minority capital and strategic support to fuel their growth and foster innovation while keeping the entrepreneur in the driver’s seat. Here are a few things that make us different from other investment firms. We are committed to minority investment. At CBGF, we focus exclusively on minority investment. We believe strongly in this mandate because it allows entrepreneurs and founders to remain in control of their own businesses and chart their course forward for growth. As a minority investor, we become a non-controlling partner. Given our minority position, we cannot dictate the path for an entrepreneur on a decision concerning their company, but we will offer support in terms of capital as well as expertise, knowledge, and experience. We can remain a minority partner in a company for a long period of time. We allow the entrepreneur to decide when they should exit the investment, which can occur by selling to another company or publicly listing the company on a stock exchange. To date, we have had three management teams decide that it was the right timing and opportunity in front of them, and they all achieved successful exits. CBGF’s funding is provided by Canada’s top 13 banks and insurance companies, which allows us to remain flexible in our investment approach and open up an important network to our portfolio companies via our shareholder base. What does an investment from CBGF look like? Many Canadian businesses have been able to expand and grow because of our approach to minority investment. We base our approach on the following principles: We make minority investments exclusively, allowing management teams to retain control of their companies. Most investments are for equity share of between 10-40%. Our investments can also be made in conjunction with other investors. We provide expert support and guidance via our team and our network of experienced individuals. As a non-controlling partner, we will provide support, advice, and connections to help companies grow, and we can introduce you to the people you need to take your business to the next level. There is the opportunity for companies to receive multiple rounds of funding as they continue through each new stage of growth. Contact CBGF today If you are looking for minority investment to help you expand or scale up your company, we would love to hear from you. Contact us today to speak to a member of our team, and let’s discuss how we may be able to help.


- Published: 2022-11-21
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/minority-vs-majority-investment-choosing-the-right-option/

Minority vs. Majority Investment: Choosing the Right OptionIf you are seeking out equity investors for your company, one of the decisions that you will have to make is whether to opt for majority or minority investment. Both types have their pros and cons, so you will have to decide which model makes the most sense for your business. A few things to consider when making this decision would be what you will be using the funding for, your personal goals, your business goals, and what you would ultimately like to see for the future of your business. Here are a few things to consider to help you determine which option is right for you. Minority investment A minority investment is provided in exchange for ownership of less than half of the company, making the minority investor a non-controlling partner. Usually, with this type of investment, the founders or existing management retain decision making power for the company and plan to continue to stay on for the medium to long-term with the business. Minority growth funding This type of funding is made for the specific purpose of scaling up a company and allowing entrepreneurs to stay in the driver's seat. Typically, the funding will go to the company's balance sheet so that it may stimulate growth. This funding may go toward investing in assets, expanding the business to new geographies, developing new products, hiring more staff, etc. When should you opt for minority growth funding? Some scenarios where you might want to consider minority growth funding include: You require capital to grow your business You wish to scale up without adding debt to the company You wish to retain decision making power in your company You do not want to sell the controlling interest of your company to another person or entity You may want to take some money off the table to stay motivated to growing the business over the long term Majority investment A majority equity investment is one in which you sell more than half of your company in exchange for funding. Often, a majority investor will have control of the business and be able to have the final say on key decisions. In some cases, a majority investor may allow management to retain control of decisions concerning certain aspects of the business, but it is important to get legal advice on such terms before you agree to it. When should you opt for majority investment? You might consider majority funding if: You require more funding than a minority investor would be able to provide You would like to stay involved in the business operations but don't mind having another partner come in to run the business You still wish to keep a minority share of the company that you may benefit from should the business be sold at a later date Contact CBGF today At CBGF, we offer minority investments to help business owners grow their companies. If you are looking for a minority investment and would like to learn more about how we might be able to benefit you and your business, contact us today.


- Published: 2022-11-01
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-is-a-mid-market-private-equity-investment/

What is a Mid-Market Private Equity Investment? If you are in the process of seeking out a private equity investment, you will quickly discover that there are many types and categories of private equity. One of the most well known is middle-market or mid-market private equity. In this article, we will discuss exactly what mid-market private equity is, its qualities, and when it might be advisable for a business to seek this type of investment. What is mid-market private equity? Private equity is an investment offered by private individuals and organizations in exchange for an equity stake in the company they are investing in. The term “mid-market” refers to the middle range of the market as it pertains to a company’s size. It excludes the early or start-up stage of the market as well as the large billion-dollar deals. What defines mid-market private equity investment? Mid-market private equity investments are generally defined by the following characteristics: Revenue – These businesses usually involve businesses that have annual revenue in the range of $5 to $100 million. Deal Value – Mid-market private equity deals are usually in a value range between $10 million and $300 million (sometimes larger). It is important to note that these values are not universally agreed upon and may differ amongst investors and analysts. Why do companies seek out mid-market private equity investments? There are a number of reasons why firms may seek this type of investment, including: Funding a strategy for a merger and acquisition. Succession planning and ensuring the company can grow and thrive under new management. Company growth or expansion into a new market. When is a private equity investment the right choice? Private equity investment can be an excellent way for businesses to get the funding they need, but finding the right investment partner is critical. Before getting into a deal, it is important to be clear about the following: How much ownership of your business you are willing to give up. How much you expect your business to grow. What your potential investor’s plans are for getting out of the investment. The investor’s ability to provide follow-on funding. Knowledge and expertise that the investor can provide. Whether the investor can connect you with others who can join your board or provide other expertise. Whether the investor’s values align with your own. Finding the right partner for your mid-market business is crucial in positioning your company for growth. How CBGF can help CBGF is a private equity firm that works with mid-market Canadian businesses as a minority investor to help them grow and achieve their goals. If you are an ambitious entrepreneur looking for funding and are considering a mid-market private equity investment, we want to hear from you. Contact us today to learn more and to see if we might be the right partner for you.


- Published: 2022-09-23
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/equity-investment-as-part-of-post-pandemic-recovery/

Why equity investment must be part of post-pandemic recoveryThe pandemic has had a devasting effect on many businesses and sectors. And while it looks like we may be starting to turn a corner, many businesses are still not back to where they were pre-COVID. As we look for solutions to help companies still in the recovery phase, we cannot ignore the importance of equity investment. Many businesses post-pandemic have found that they will need to rely on innovation to survive and thrive. For this, they will need capital. Taking on minority partners and equity financing is one way to ensure that these businesses can continue to innovate and scale and build back even better. Why equity investment? While there are many ways that a company may raise capital, equity financing has some unique advantages that many entrepreneurs will find appealing. For starters, there is no loan to pay back. Many business owners during the pandemic were forced to take out loans to stay afloat, and a large percentage of these individuals are likely still carrying some or most of that debt. By turning to equity investment, entrepreneurs do not have to add to any debt burden they may already be carrying. Since equity investment is not a loan, business owners do not have to worry about the added expense of a monthly debt repayment. This helps to ensure that they have more liquidity for innovation, hiring new talent, and daily expenditures. Additionally, entrepreneurs receiving equity financing do not have to be concerned with taking out yet another loan that could impact their creditworthiness. Of course, one of the biggest advantages of raising capital through equity investment is that – if they take on the right partner – they will benefit from the expertise and knowledge base of that partner. Are there any reasons a business owner might want to avoid equity investment? While equity investment will prove incredibly beneficial to many business owners as they work to help their business recover post-pandemic, there are some aspects of it that may deter some entrepreneurs. Most notably, raising capital through equity investment means selling a share of your business and bringing in a partner. This means that you will be sharing your company profits and giving up full control over your company with that new partner. Some equity partners require more control, and others, require less. Therefore, business owners considering getting equity financing need to carefully consider who they are willing to accept an investment from, and partner with on the next stage of growth. Contact CBGF today If you are exploring equity investment for your company and don’t want to give up control, we would like to speak to you and see if our firm might be a good fit. Contact us today to speak to a member of our team.


- Published: 2022-09-13
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/are-there-different-types-of-private-equity-firms/

Are there different types of private equity firms? If you are looking to start or expand a business, there is a good chance you will want to find funding to ensure you get off to the right start. If you have settled on working with a private equity firm, it may surprise you to learn that there are different types of these firms. The type you choose will depend largely on what you want to accomplish with your company and whether you can find a private equity firm that aligns with your values. Your goals Let’s start with what you want from your company. Are you looking to retire within the next five years, or do you want to stay at the helm for the next 20 years and see your dreams of expansion come to light? There is no wrong answer here, but your answer will make a difference in determining the right type of equity partner for you. Types of Canadian private equity firms There are two main types of private equity firms in Canada–lenders looking to make majority investments, and lenders specializing in minority investments. With a majority investor, the firm will be looking to acquire a majority share of the company, which typically grants them control over finances and operational decisions. If the company has a board of directors, the majority investor will usually have more seats/votes than the non-controlling partners. If you are interested in selling a majority share of your company, you may be working with, or for, your investors for the foreseeable future; or if you’re selling so that you can retire, you are entrusting the legacy of your company and your employees to this new ownership group. Whatever your reason for giving up majority ownership, it is important to have confidence in the firm you choose. Minority investors work a little differently as they will own less than 50% of the company. This is a good structure for owners who want to cash out some of their equity but also want to continue working for the company and retain control over its direction, finances, operations and growth strategy. For an investor to purchase a minority share, though, they will need to have a very clear idea of how their investment will be used to ensure that it makes sense for them. To find the right minority investment partner, one should speak to them about their expectations and what they can bring to the table in addition to their capital. With a minority investment, the partner you choose should align with your values and the vision you have for your company. What kind of private equity firm is CBGF? CBGF acts as a patient minority partner. Unlike most traditional investment firms, we want the entrepreneur to stay in the driver’s seat and support them and their ambitious plans for growth. We look for investment opportunities in companies where we have aligned values, and where we can work alongside the owner or founder to help the company thrive and succeed over the long term. If you are seeking a minority partner for your company, contact us today to start the conversation.


- Published: 2022-08-17
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/the-importance-of-capital-in-business/

The Importance of Capital in BusinessWhether you are starting a business, or scaling up an existing one, the importance of having enough capital cannot be overstated. The question then becomes, how do you get that capital? Almost every entrepreneur has used bootstrapping or small business loans at some point in their careers. This approach is common with first-time entrepreneurs because it is often the simplest and can work. This approach also allows the entrepreneur to retain ownership and control over their company. However, bootstrapping entrepreneurs may find themselves being outpaced by their competitors, who are accessing much larger amounts of cash through outside sources such as angel investors and venture capitalists. Entrepreneurs must decide between bootstrapping and seeking outside funding – and there are pros and cons to each. Bootstrapping Bootstrapping means that you are using your own resources to start or scale your business. The clear advantage to this is that it allows you to retain complete control over your company. This means that your timelines are flexible, and you can pivot the direction of the company whenever you see fit. The drawbacks, of course, are that you will likely have fewer resources which can slow down the growth of your business. This could put you at a competitive disadvantage. Funding On the other hand, when you can obtain funding, you will typically have access to more resources, and these resources aren’t just financial either. Working with investors, you will instantly grow your network and have access to business expertise. This typically allows you to grow your business much more quickly. The drawback, though, with funding is that you go from having full ownership of your business to having part ownership. Your new investors may want to have input on the direction of the business, and you will be accountable to meet the timelines of your investors. Deciding what form of capital is best for your business In addition to basing your decision on the obvious pros and cons of bootstrapping and outside funding, you may also need to consider how much money you actually need. This will vary depending on your business. And then there are the costs of working capital to consider. How much do you need to pay for rent, advertising, and wages? The more money you require, the more difficult bootstrapping will be, and the more attractive seeking outside funding will become. Contact CBGF today Are you considering seeking funding to continue scaling your business? If so, give us a call today. We’d be happy to discuss your options with you and help you find a solution that suits your business.


- Published: 2022-07-15
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-are-different-investors-looking-for/

What are different investors looking for? No matter what type of investor you are looking for, you will have to prepare a compelling case to get another individual or company to put money into your business. Different investors, however, look for different things when making their investment decisions. Who you are approaching for investment will dictate which points or areas you should highlight about your business. Angel Investors If you are just getting your business off the ground, angel investors can be a great source of capital to make your vision a reality. These wealthy individuals use their own money to invest in businesses they believe in. What are angel investors looking for? Since your business is brand new, angel investors aren’t going to be looking for sales or track record of the business. Instead, they will look to see if the business has the foundation to become successful. Specifically, angel investors will want to see that you have a strong founding team and a compelling business plan with an identified market. They will be backing you, as the entrepreneur, so you must provide them with the confidence that you have the ambition and resources to execute on your plan. Venture Capitalists As with angel investors, venture capitalists invest during the early stages of a business. These investors invest through a fund on behalf of a larger group of investors. Often, venture capitalists will invest seed money in pre-profitable companies. What are venture capitalists looking for? Again, because they are investing in businesses that are not yet profitable, venture capitalists will be looking closely to see that the business has a strong foundation. In particular, they will want to see that your company has a strong team with a proven track record of success. They will focus on the market opportunities for your business and its potential for growth. They will want to see that you have a product that has the potential to do well in the market, grow significantly, and that stands to make a good profit for their investors. Growth Equity If your business is already established and requires capital to expand or grow, then you may consider seeking investment through growth equity investors. A minority growth equity partner will allow you to retain control over your business while providing the capital and expertise to help you execute on your vision. What are growth equity investors looking for? Because growth equity investors are investing in more mature businesses (mid- to high-level growth of 20% or more), they will have more requirements as they decide whether to invest in your company. These investors want to see that you have a strong and multi-disciplinary team. You should also be able to demonstrate that you have a proven business model and that you are on a clear path to profitability. In addition, growth equity investors will want to understand your use of the proceeds and how they will be leveraged to support the business's growth. Do you have a clear acquisition plan ready to put into gear? Do you plan to invest in building out your team or speeding up product development, or focusing on sales and marketing to retain new customers? This clear vision will attract investors to support the business on its growth trajectory. Contact CBGF today CBGF is an investment firm that specializes in minority growth equity. If you have an established business generating $5 million in revenue that requires capital to expand, we want to hear from you. Contact us today to learn more.


- Published: 2022-05-25
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/amilia-raises-30-million-to-accelerate-the-ecommerce-transformation-of-the-activity-and-recreation-industry/

Amilia Raises $30 Million to Accelerate the eCommerce Transformation of the Activity and Recreation IndustryMONTREAL, May 25, 2022 /CNW Telbec/ - Amilia, a leading tech company bringing eCommerce to the world of activities, is pleased to announce the successful closing of $30 million in new financing. This round was led by the Canadian Business Growth Fund (CBGF), Export Development Canada (EDC), and Investissement Québec (IQ). The investment will be used to drive Amilia's mission to broaden access to eCommerce for community organizations and activity businesses through its innovative SmartRecTM platform. To read more click here.


- Published: 2022-05-25
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/amilia-recoit-30-millions-de-dollars-afin-daccelerer-la-transition-vers-le-commerce-electronique-dans-lindustrie-des-activites-recreatives/

Amilia reçoit 30 millions de dollars afin d'accélérer la transition vers le commerce électronique dans l'industrie des activités récréativesMONTRÉAL, le 25 mai 2022 /CNW Telbec/ - L'entreprise technologique montréalaise Amilia, pionnière du commerce électronique pour les activités récréatives, annonce fièrement un nouvel investissement de 30 millions de dollars. Amilia obtient ce financement du Fond de croissance des entreprises du Canada (FCEC), d'Exportation et développement du Canada (EDC) et d'Investissement Québec (IQ). Ce financement représente une occasion unique d'élargir l'accès au commerce électronique pour les organismes communautaires et sportifs grâce à SmartRecTM, la plateforme innovatrice d'Amilia. Pour voir l’article complet, veuillez cliquer ici.


- Published: 2022-05-05
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/finding-the-right-partner-vetting-prospective-investors/

How to find the right partner: Vetting Prospective InvestorsIf you are thinking about scaling up your business but can’t do it with your current capital, you may be thinking about taking on minority growth equity. This type of equity is particularly useful when you are in a high growth phase or when you would like to capitalize on a specific growth opportunity like geographic expansion or hiring. A minority growth equity partner allows you to retain control of your company without the need for taking on a lender. This strategy, however, is most successful when you find the right partner to invest with. Vetting prospective investors You should take several steps to find the right minority growth partner for your company. At each stage of the process, you will want to collect key information to help you find the right partner for you and your business. Initial screen Before you begin to do outreach to potential investors, ensure to start by researching what options you have in front of you and what qualities you are looking for from a capital partner. During this stage, you will want to collect the basic information. You have criteria for an equity partner, and each investor you speak with will have their own criteria for companies they are interested in working with. The initial screen will help you both determine if you are a match for each other. In this stage of the process, you will want to find out how the investor structures their deals (e. g. , equity, debt, etc. ), their investment criteria, their experience with your industry, how long their process may take and how involved they are post investment. These are items you will want to ensure alignment before you proceed. You will also want to get details about the investor’s fund or portfolio. This will include whether or not their capital is committed, how many investments they have in their portfolio, and whether they are willing to make follow-on investments. Further, make sure to ask them how they can help you and the company continue to grow post-close. Investment process Once you have found an investor that you believe is a good match, you will want to learn about their investment process. At this stage, it is recommended that you get some references as well to perform your own due diligence on the fund. Ask the investor to provide the names of some CEOs of companies that they have previously invested in. Speaking to some of their portfolio company management teams will provide great insight into how they operate and work with their partner companies. You may also have common connections with members of the team. Make sure to assess their reputation in the marketplace. Post-close Ok, so you’ve found the right partner and have a tentative agreement in place – congratulations! But there are still a few important conversations you will want to have with your investor. Discuss the details of what your day-to-day relationship will look like and what their reporting requirements are post investment. You will want to know how performance is measured, what ways your investor can contribute to your business other than capital, and what happens if one of you decides to exit the relationship. By going through a careful vetting process of potential investors, you will increase your chances of success in finding the right partner for your business. Contact CBGF today Are you looking for a minority equity investor to partner with you in your business? Let’s see if we are a fit for each other! Contact CBGF today to schedule a meeting.


- Published: 2022-04-27
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/thoughtworks-acquires-leading-product-development-consultancy-connected-to-rapidly-accelerate-product-led-design-and-engineering/

Thoughtworks Acquires Leading Product Development Consultancy, Connected, to Rapidly Accelerate Product-led Design and EngineeringCHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today announced its acquisition of privately-held, Canadian-based Connected, an end-to-end, product development service firm that partners with their clients to discover and deliver products. Together with Connected, Thoughtworks will advance its capabilities in solving business problems through product-led design processes, from defining the strategy to discovery and delivery. To read more click here.


- Published: 2022-04-07
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-are-the-pros-and-cons-of-running-a-private-vs-a-public-business/

What are the Pros and Cons of Running a Private vs. a Public Business? Many entrepreneurs dream of building their corporate empire and, perhaps someday, taking their company public with a listing on a stock exchange, but is going public really the best choice? To be sure, there are some big advantages in doing so, but it is not without its drawbacks. In this article, we will discuss the pros and cons of running a private vs. a public company. Private Company When you start a company, you usually do so because you've got an idea for a product, service, or brand that you want to present to the world. Your company's decisions and strategy are up to you and (perhaps) a small group of investors who are passionate about the business. This makes it easier to focus long term on growth, and the values of the company. But operating as a private company may also mean that you've got fewer resources, less liquidity, and less name or brand recognition. This can make it more difficult to attract and retain top talent since providing certain employee benefits – like stock options – may not be feasible for you. Additionally, it is more difficult for a private company to acquire its competitors or other businesses. Doing so would require either having large amounts of available cash or taking on debt, and your investors could be limited in their ability to liquify their shares. Public Company Going public with your company can seem like a dream come true. There is no doubt that being listed on a stock exchange will dramatically increase public awareness of your company, and there is a certain amount of prestige that goes with it as well. Public companies also tend to have an easier time growing their balance sheets, taking over competitors, and providing incentives to their employees. But there are some cons to going public too. For starters, going public is an expensive exercise and administrative and regulatory burdens placed on public companies are exponentially higher. The scrutiny of being a public company means that you may have to run your company for quarter-to-quarter results, versus focusing solely on the medium and long term value creation. And while your average investor will have more liquidity than they would in a private company, management will face certain restrictions and lock-up periods for selling their own shares. Is it better for a company to remain private or go public? Ultimately, the answer to this question will depend on the specific entrepreneur and company. The entrepreneur must first ensure that the business has the resources necessary to go public, but then they must weigh the pros and cons as to whether it is the right thing to do and the right time. Contact CBGF today Are you looking to explore funding options to grow your business? If so, we can help. Contact CBGF today to learn more.


- Published: 2022-03-23
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/maxsold-secures-16-1-million-in-series-b-financing/

MaxSold Secures $16. 1 Million in Series B Financing to Continue the Digital Transformation of the Auction IndustryTORONTO, March 23, 2022 /CNW/ - MaxSold, the global leader in online auctions for estate sales and downsizing, is proud to announce it has raised $16. 1 million in financing. The investment was led by new investor Framework Venture Partners ('Framework'), with support from existing investor Canadian Business Growth Fund ('CBGF'). Alongside investors, MaxSold has also secured $5 million in growth capital from Silicon Valley Bank ('SVB'). To read more click here.


- Published: 2022-02-16
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/the-risks-of-taking-on-an-equity-partner/

The Risks of Taking on an Equity PartnerTaking on an equity partner in your business is one way to bring in some much-needed capital to get your business off the ground or to scale it up to capture a larger piece of the market. And while it may indeed be the right decision for many businesses – it is not for every business or every business owner. There are risks involved, and you need to understand what those risks are before you choose to take on an equity partner. Cultural Misalignment Chances are, you have worked hard at developing a company culture that aligns with your personal values and preferences. A new partner with different values can quickly throw that culture off. When vetting potential partners, it is extremely important that your ideas of what the company culture should be are closely aligned. Divergent Exit Plans Do you intend to scale up quickly and then sell your business to the highest bidder, or do you intend to stay with it for the long haul? Both are acceptable means of doing business, but any partners you take on should be on the same page as you. Loss of Control Trading equity in your company for a cash investment can help your business grow, but it also means you are giving over some control of your company to another person or firm. If you aren’t quite ready to let go of that control, you may want to investigate other funding options before you take on an equity partner or consider selling only a minority position. With a minority partner, you remain in control. More (or Less) Intrusive Relationship Than Expected What are you expecting from an equity partner? Do you want someone who is more of a silent partner that offers you a cash infusion? Or do you want someone who will give you feedback, advice and expertise or use their business network to help the company? Before you enter into a contract with an equity partner, be sure to discuss your expectations and understand their level of involvement. Mismatch in Planning For Growth What are your plans for your business? New geographical markets? Are you entering a new sector? When vetting a potential equity partner, be sure to have these discussions to see if your thoughts on the future of the business are aligned. Mismatch in Pace of Investment and Growth How fast do you want to scale your business? Is there a level you want to stop scaling at? Again, the desired pace of investment and growth needs to be a topic of conversation with a potential partner. Finding an equity partner can be a great way to boost your business, but it’s important to be aware of the risks and to vet the right partner to mitigate these risks. Having these important discussions with any potential partner is a great place to start. Contact CBGF today If you would like to learn more about how the Canadian Business Growth Fund can help your business access the capital it needs – with a patient minority growth equity partner – give us a call today.


- Published: 2021-12-22
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/government-funding-vs-private-equity-funding-in-canada/

Government Funding vs Private Equity Funding in CanadaThe COVID-19 pandemic has had a significant impact on the bottom lines of many Canadian businesses. The Canadian government has rightly stepped up to the plate and offered a variety of support programs to help businesses recover. But for many businesses, this support may not be sufficient to help them through the pandemic – or there may be factors built into the government programs which make some businesses ineligible. For businesses that must look beyond what the government offers, private equity (PE) funding may be a good option; however, businesses that are new to applying for and receiving this type of funding may understandably be hesitant. It is important, therefore, to understand the benefits of PE funding. Get Expertise and Experience in Addition to Funding PE investors aren’t just throwing money at anything that comes their way. They are proactively looking for the right investment opportunities and businesses either to invest in or to buy outright. Business owners who choose PE funding often do so because they are getting more than just a financial infusion – they are getting a savvy business partner who is looking to add value through their expertise and experience. And while these owners may, in fact, be selling a portion of their equity, they see the opportunity for business growth and revenue as outweighing the percentage of their company that they are giving up. The PE Sector is Evolving Although the idea of selling off a portion of the company still makes some business owners nervous, the PE sector has been continually evolving to meet the needs of its assets. For example, more firms are building teams of professionals who can provide better advice and expertise to help their assets thrive. Additionally, environmental, social, and governance (ESG) has been incorporated into the mission of many PE firms. These firms are looking to create benefits that go far beyond just their own profits – and this outlook ultimately leads to much more sustainable growth. Rigorous Preparation is Involved Even though many PE firms have large amounts of capital to invest, it doesn’t mean that they have money to burn. They are professional investors looking for the right opportunities. The process for debt underwriting, for example, is still extremely strict, and some companies are still going to be quite difficult to finance. How to obtain PE funding There are a number of things that business owners can do to improve their chances of being approved for PE funding: Ensure PE funding is right for you and get buy-in from your management team and stakeholders. This means doing your due diligence and being able to clearly communicate how such an investment can be used to help the company grow. Have the proper financial information ready. Your potential investors will want to see this – and they will want you to be organized enough to have it when they ask for it. Ensure the right management team is in place – this is part of your value proposition to investors! Seek professional advice and support. You should have your own lawyer, accountant, financial advisor, etc. , that you trust to provide you with advice. Understand that you have as much control in choosing the right partner for the company, as the PE firms have in choosing entrepreneurs to back. Spend time looking for the right partner, with similar values, to ensure you find the best fit Contact CBGF today For more information on how CBGF can help your business, contact us today.


- Published: 2021-12-17
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/cbgf-announces-25th-investment/

CBGF Announces 25th InvestmentCBGF announces a noteworthy milestone today as its 25th investment closes, adding another high potential, growing Canadian business to its portfolio. CBGF launched on June 19th, 2018 with a vision to become Canada’s leading growth capital investor and partner of choice for ambitious mid-market entrepreneurs, supporting them to reach their full potential. Today, CBGF’s portfolio spans from coast to coast, with investments in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia. We have spoken to thousands of entrepreneurs, who share in our passion for helping Canada’s economy grow and establish itself on the world stage. Please join us in celebrating this milestone investment. We look forward to what the years to come will bring!


- Published: 2021-12-17
- Modified: 2023-04-25
- URL: https://cbgf.com/fr/news-insights/nous-celebrons-25-investissements/

Nous célébrons 25 investissementsLe CBGF annonce aujourd'hui une étape notable avec la clôture de son 25e investissement, ajoutant une autre entreprise canadienne à fort potentiel et en croissance à son portefeuille. Le CBGF a été lancé le 19 juin 2018 avec la vision de devenir le principal investisseur en capital de croissance au Canada et le partenaire de choix pour les entrepreneurs ambitieux du marché intermédiaire, en les soutenant pour atteindre leur plein potentiel. Aujourd'hui, le portefeuille du CBGF s'étend d'un océan à l'autre, avec des investissements en Colombie-Britannique, en Alberta, en Saskatchewan, au Manitoba, en Ontario, au Québec et en Nouvelle-Écosse. Nous avons parlé à des milliers d'entrepreneurs, qui partagent notre passion pour aider l'économie canadienne à croître et à s'établir sur la scène mondiale. Veuillez vous joindre à nous pour célébrer cet investissement important. Nous sommes impatients de voir ce que les années à venir nous réservent !


- Published: 2021-12-16
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/purefacts-announces-the-closing-of-a-37-million-financing-round/

PureFacts Announces the Closing of a $37 Million Financing RoundPureFacts Financial Solutions announces the closing of $37 million in strategic financing from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capital. With this investment the PureFacts team is excited to progress into its next phase of growth. The funds will be used to accelerate product development and make further strategic acquisitions. To read more click here.


- Published: 2021-12-06
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/kudos-accelerates-market-dominance-in-employee-recognition-with-announcement-of-growth-equity-investment-by-cbgf/

Kudos® Accelerates Market Dominance in Employee Recognition with Announcement of Growth Equity Investment by CBGFMarket-leading employee recognition, people analytics, and organizational communications platform Kudos®, Inc. ("Kudos®") announces Canadian Business Growth Fund's (CBGF) $10 million minority equity investment in the rapidly expanding company. The Canadian tech firm began an accelerated growth trajectory with unprecedented growth at the end of Q4 2020 and has only continued to build momentum from there. This investment further positions Kudos® for global expansion; Calgary-based Kudos® is expected to double its headcount to 120 employees in the Calgary area and across Canada by the end of 2022. To read more click here.


- Published: 2021-11-30
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/neovation-announces-cbgf-as-a-minority-investor/

Neovation announces CBGF as a Minority InvestorNeovation Learning Solutions, a leading provider of Digital Learning Ecosystem products and services to a global roster of mid-market and extended enterprise businesses and organizations, today announces that the Canadian Business Growth Fund (CBGF), a leading Canadian growth capital fund has made a minority investment in the company. The proceeds will enable Neovation to expand its sales, marketing, client success, and product development teams. To read more click here.


- Published: 2021-11-19
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/vendastas-jacqueline-cook-recognized-as-one-of-canadas-top-40-under-40-list-for-2021/

Vendasta's Jacqueline Cook recognized as one of Canada's Top 40 Under 40 List for 2021Jacqueline is the COO at Vendasta. She is responsible for the development and execution of Vendasta’s revenue and go-to-market strategy, with the core mandate of empowering Vendasta’s Channel Partners to leverage its platform and marketplace to help over 5M small businesses transition to digital. To read more click here.


- Published: 2021-11-18
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/whats-the-difference-between-seed-venture-and-growth-capital/

What's the Difference Between Seed Venture and Patient CapitalWhen growing or expanding your business, it’s possible that you’ll have to secure private business funding. Once you start your research, it won’t take long to realize that there are many different types of capital available throughout the business lifecycle. Although three of the most common types – seed, venture, and growth capital – are used to fund ambitious businesses looking to grow, they feature some notable differences. Below, we unravel them. Seed Capital Just like it sounds, seed capital describes funding sourced at the beginning of a startup’s journey. Private investors provide this type of funding, such as family members, friends, banks, or angel investors. Also known as seed money or seed financing, seed capital is crucial in developing an idea for a business or a new product. Often, seed capital investors take on significant risks without proof of revenue from the business owner. Entrepreneurs using seed capital receive smaller investments – typically from tens of thousands to hundreds of thousands of dollars. Seed capital is often needed and used to support foundational business needs – such as a business plan, initial operating expenses, and research/development costs. Acquiring seed capital is typically the first of four funding stages to become an established business. Its primary goal is to attract more financing, usually from venture capitalists or banks. Venture Capital Once a business has launched and is beginning to gain traction, it often will require venture capital, which is a broad term to describe funding at the early or start up stage of a company’s lifecycle. Angel investors and VC firms are two primary sources of venture capital. These private investors or funds offer their capital to finance a business and typically request equity in exchange. Unlike seed capital, venture capital investments often provide entrepreneurs with larger raises (above $1 million). Most entrepreneurs seeking venture capital have begun generating revenue, and are working hard to prove out their business model. To receive this type of capital, a startup business typically exchanges shares or an active role in the company. Obtaining venture capital is often the second phase of investment as a startup progresses beyond the early stages. Growth Capital Growth capital (sometimes known as expansion equity and growth equity) is a form of private equity that, in most cases, is a minority investment in established firms seeking funding to expand or restructure operations, enter new markets, or finance a major acquisition. A transformational event in a company's lifecycle, such as an acquisition or expansion, might necessitate the use of growth capital, but it may also be used for working capital purposes or to continue growing and adding members of the team to sustain continued growth of the business. These firms are more likely to be bigger (over ~50 employees) and more established than venture capital-funded businesses, capable of generating steady recurring revenue but unable to finance significant expansions, acquisitions, or other investments towards the business's growth. Access to growth equity is often critical in helping these businesses continue to scale, pursue essential facility expansion, sales and marketing efforts, equipment purchases, and new product development. Growth capital may also be partially used to restructure a company's balance sheet, particularly to lower its leverage (or debt) ratio to enable the company to continue to scale. Canadian Business Growth Fund (CBGF): Another Source of Business Funding Canadian Business Growth Fund (CBGF) fits in the growth capital funding category, aimed at helping entrepreneurs grow their business – while leaving them in control. To learn more about this unique offering, contact us today.


- Published: 2021-11-09
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/what-is-patient-minority-growth-capital/

What Is Patient, Minority Growth Capital? You’ve started your business with a lot of hard work, sweat, and sacrifice – and that dedication has finally paid off. The time has come for your business to expand, but you’re worried that getting an investment means giving up control. What if there was another way to grow your business – a way that allowed it to grow while you remained at the helm? Patient, minority growth capital may be the solution you’ve been looking for. Here’s what you should know about this particular growth fund so that you can decide if it’s right for you and your business. Canadian Business Growth Fund (CBGF) Until recently, Canadian entrepreneurs have experienced difficulties securing the necessary capital to fund their business’s growth. Many times, business owners ended up having to give up control of their company upon obtaining capital. That started to change in 2017 when the Minister of Finance’s Advisory Council for Economic Growth brought forth a recommendation to launch a private sector-led growth fund. The Canadian Business Growth Fund (CBGF) aims to provide investments between $3 and $20 million to ambitious entrepreneurs seeking capital for a growth opportunity. Canadian banks and insurance companies support this independent, evergreen fund. Starting with an initial capital commitment of $545 million, the investment fund is projected to eventually increase to $1 billion. Qualifying for CBGF CBGF is suitable for established, high-growth Canadian businesses generating $5 million or more in annual revenue. The company must have a demonstrated business model and a clear vision for growth. Depending on a company’s individual needs, the investment horizon time fluctuates – which is why it’s known as patient. In some situations, CBGF is a partner for five or ten years, and sometimes the timeframe is even longer. Without having a restriction of an end date, companies can focus more on business growth than exit timelines. Regarding the term minority, CBGF does not seek a controlling position in companies. Instead, the fund controls between 10 and 40 percent of the company, leaving entrepreneurs in control. Besides receiving long-term, patient, minority capital, businesses who have partnered with CBGF will be privy to its talent network of business experts who offer support, guidance and expertise to help their companies expand. Business owners learn how to overcome critical knowledge and address talent gaps while remaining focused on business goals. Benefits of Growth Capital CBGF helps contribute to a vibrant, innovative, and diversified economy while creating a healthy ecosystem of innovation. Entrepreneurs no longer face two difficult decisions when contemplating business growth: giving up control of their business or looking for an investor south of the border. Instead, they can achieve their full potential and make significant contributions to productivity, employment, exports, and growth with the CBGF made-in-Canada solution. The fund supports Canadian mid-market companies to become strong and respected marketplace leaders on the global stage. Most importantly, CBGF helps build a reputation for Canada as a location to grow a business – rather than only start a business. Are you looking for additional information on CBGF’s investment opportunity? Contact us today to learn more.


- Published: 2021-10-26
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/prodigy-education-expands-its-market-leadership-in-game-based-learning-to-english-language-arts/

Prodigy Education Expands its Market Leadership in Game-Based Learning to English Language ArtsProdigy Education ('Prodigy'), one of the fastest-growing EdTech companies in North America and the creators of the globally popular Prodigy Math game, is expanding its educational games portfolio by launching a new English Language Arts ('ELA') game. To read the full article, please click here.


- Published: 2021-10-14
- Modified: 2026-04-17
- URL: https://cbgf.com/news-insights/george-rossolatos-podcast-interview-on-viewsfromthemarket-hosted-by-mario-nigro-of-stikeman-elliott-llp/

George Rossolatos Podcast interview on #ViewsfromtheMarket hosted by Mario Nigro of Stikeman Elliott LLPJoining Mario Nigro is George Rossolatos, CEO of Toronto-based Canadian Business Growth Fund (CBGF), a private equity investor that takes minority stakes in Canadian companies, typically those in the $10-25m revenue range, working with them to promote long-term growth. CBGF was created in 2018, with George as Founding CEO, in response to concerns that Canada needs to get better at growing its successful startups into strong midmarket players. To listen to the podcast click here.


- Published: 2021-10-13
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/paystone-announces-the-acquisition-of-nicejob-a-leading-north-american-provider-of-reputation-marketing-software-for-service-businesses/

Paystone Announces the Acquisition of NiceJob, a Leading North American Provider of Reputation Marketing Software for Service BusinessesPaystone announces the acquisition of NiceJob, an award-winning North American reputation marketing platform for service businesses. This marks Paystone’s fifth business acquisition over the last two years. These acquisitions not only advance Paystone’s rapid increase in market share, but also are pivotal in accelerating Paystone’s goal of building a category-defining platform that helps local businesses win more customers. To read the full article click here: https://www. businesswire. com/news/home/20211013005280/en/Paystone-Announces-the-Acquisition-of-NiceJob-a-Leading-North-American-Provider-of-Reputation-Marketing-Software-for-Service-Businesses (Photo: Business Wire) Some of the Paystone team members meeting the NiceJob team out in Vancouver


- Published: 2021-09-29
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/stephano-group-ltd-family-owned-and-operated-for-over-40-years-announces-minority-investment-to-support-continued-growth-and-expansion/

Stephano Group Ltd, family-owned and operated for over 40 years, announces minority investment to support continued growth and expansionToday, Ontario-based Stephano Group Ltd (Stephano Group) announced a minority growth equity investment from the Canadian Business Growth Fund (CBGF) to accelerate its ambitious plans for growth. Stephano Group is a leading Canadian consumer-packaged goods (CPG) food manufacturing business which has been run by the Frank family for over 40 years. Currently operating two manufacturing sites across the GTA, Stephano Group produces branded and private label breakfast and snack foods. Stephano's ten production lines produce a range of breakfast and snack products which include Organic, Non-GMO, Gluten-Free, allergen-controlled, and Kosher-certified capabilities. The company has seen tremendous growth in the last five years, driving sales through retail and food service channels in both Canada and the US, and is on a mission to become a top producer of cereal and nutritional bar products in North America. With strong emphasis on sustainability, Stephano Group prides itself on running the business on the foundation of their family values, putting its commitment to quality and outstanding customer service at the center of everything they do. With the support of CBGF, Stephano Group will use the proceeds of this raise to increase sales and marketing efforts, expand corporate infrastructure, and grow its manufacturing capacity. "We are very excited about this new chapter for Stephano Group. This investment will allow the company to have more fluid growth and enable us to meet our growth targets over the next few years," says Noah Frank, President, Stephano Group Ltd. "We believe that along with their financial backing, the CBGF team provides a measure of support and guidance which will serve the company well over the coming years. We are thrilled to have them on board". Founded in Ottawa in 1978, husband and wife Steve (Stephano) Frank and Annette Blaeske saw a need for innovative product offerings in the granola cereal marketplace. Together, they expanded the business into a CPG manufacturing company for the Canadian retail and food service sectors. By the 1990s, the second generation, Noah and Sean Frank, began working alongside their parents to help run the family business. In 2009, Stephano Group relocated to Toronto and began focusing on its private label and contract manufacturing offerings. With the rapidly growing demand for its products, Noah and Sean took on a more prominent role within the business to continue their parent's legacy. "As our first family-owned and operated investment, we are extremely proud to partner with the Frank family as they continue on their mission of growing Stephano Group into a leading private label manufacturer of high-quality breakfast and snack products in North America. We are excited to help the second-generation sons continue in their parents' footsteps and believe they have the experience to execute on their bold plans for growth," shares George Rossolatos, CEO of CBGF. About Stephano Group Ltd Stephano Group Ltd. is a manufacturer of cereal and granola products. Headquartered in Etobicoke, Ontario, the company produces and provides cold cereal, hot cereal, and cereal / nutritional bar products and snacks on a private label or co-manufactured basis. Stephano's ten production lines produce a range of breakfast and snack products which include Organic, Non-GMO, Gluten-Free, allergen-controlled, and Kosher-certified capabilities. About the Canadian Business Growth Fund (CBGF) Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million from Canadian financial institutions, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects its partner businesses to its broad network of experienced business leaders and sector experts to help them achieve their full potential.


- Published: 2021-09-15
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/proposify-gains-13-million-investment/

Proposify Gains $13 Million InvestmentThis investment from the Canadian Business Growth Fund and Innovacorp marks a huge milestone in our mission to help salespeople around the world revolutionize their closing process and double their close rate. In our quest to make every deal a closed deal, we’re proud, grateful, and, well, stoked to announce that Proposify has received a second round of investment from the Canadian Business Growth Fund and Innovacorp, for a total of $13 million over the last year, including $5 million being announced today. The funding will help fuel Proposify’s growth globally, supporting investments in product development and sales and marketing. To read more click here.


- Published: 2021-09-13
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/listen-to-the-podcast-building-an-everlasting-evergreen-fund-with-george-rossolatos-ceo-of-canadian-business-growth-fund-cbgf/

Listen to the Podcast: Building an everlasting Evergreen fund with George Rossolatos, CEO of Canadian Business Growth Fund (CBGF)Our guest today, George Rossolatos, is the CEO of the Canadian Business Growth Fund (CBGF), which is an evergreen fund. Evergreen funds, or sometimes referred to as open-ended funds, are different than closed-ended funds which are the most typical structure we see in venture capital. With evergreen funds, capital is invested directly into an LLC on an ongoing basis with no termination date meaning they live on FOREVER! We talk with George about this unique position in the market as Canada’s first growth equity evergreen fund, the startup environment, and what Canada needs to do to keep its most innovative companies from receiving funding elsewhere. To listen to the podcast click here.


- Published: 2021-09-08
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/shopperplus-closes-a-c17-million-equity-financing-with-institutional-investors-to-fuel-its-ambitious-growth-plans/

ShopperPlus Closes a C$17 Million Equity Financing With Institutional Investors to Fuel Its Ambitious Growth PlansA leading Canadian e-commerce platform, ShopperPlus (or the "Company"), successfully raised C$17 million to fuel its growth. Both Celtic House Asia Partners and the Canadian Business Growth Fund ("CBGF") led the financing, with participation from Celtic House Venture Partners and National Bank SME Growth Fund L. P. . In addition, two noteworthy angel investors joined the round: the co-founder of Wish's e-commerce shopping app, Danny Zhang, and the Managing Director of Sequoia China, Kevin Pan. "This marks a significant milestone for ShopperPlus. The additional capital and support of renowned and well-respected institutional investors will open the doors to significant opportunities. Beyond its financial contribution, Celtic House Asia Partners will enable ShopperPlus to enhance its supply chain and ecosystem integration. Additionally, having Canadian and Quebec investors is a pivotal part of our strategy as we look to gain additional market share in Canada with a keen eye on the United States of America," said Jack Zhan, Founder and CEO of ShopperPlus. "In these uncertain times, we will continue to source high-quality products at reasonable prices for our customers. This investment will enable us to enhance our product offering and accelerate deliveries. We plan to double the size of our Montreal warehouse and make good use of cutting-edge robotics technology to accelerate delivery times. Additional territorial expansions are also planned over the next two to three years," added Mr. Zhan Over the past 14 years, ShopperPlus' product offering have grown considerably and now includes office supplies, electronics, lifestyle, kitchen, utensils and other home goods categories. The company's success is also attributable to its technology and marketing platforms that enable customers to benefit from targeted product recommendations based on individual purchase patterns and seasonality. In addition to its thriving business-to-consumer program, the company also developed a very successful corporate office supply program. In addition, ShopperPlus’ house brands are increasingly recognized in Canada and purchased via their website. In Canada, ShopperPlus has two warehouses that together stock over 60,000 products. The company has also established a new product development center and technology research center in Canada and China. Jack Zhan noted that e-commerce has profoundly impacted retail, with youths, especially Canadians, becoming increasingly receptive to online shopping. ShopperPlus' logistics infrastructure increases order fulfillment speeds, making it much faster than typical delivery turnaround times in Canada. "We are proud to back Jack and his team as they expand into new markets and continue to develop its private-label offerings," stated George Rossolatos, CEO of CBGF. "ShopperPlus has a stellar business model," said Jie Chen, Managing Partner at Celtic House Asia Partners. "Its data-driven product suggestions and self-owned fulfillment centres provide competitive advantages. With the support of this financing, ShopperPlus' will continue to scale its service across Canada and major U. S. cities. " “We are pleased to be partnering with Celtic House Asia Partners, CBGF and National Bank SME Growth Fund to support the expansion of ShopperPlus’ business in Canada and the U. S. ,” said David Adderley, Partner at Celtic House Venture Partners. “Jack and his team have built an exceptional e-commerce retail business and fullfilment infrastructure, providing online shoppers with access to high quality products at competitive prices delivered to their door. ” “National Bank SME Growth Fund is proud to support such a great Quebec company. We were impressed with the founder's commitment and growth strategy. The fund welcomes the opportunity to help Quebec companies with innovative business plans. We look forward to supporting ShopperPlus in their next stage of expansion," stated Luc Ménard, the Head of Nationa Bank Private Investments. About ShopperPlus www. shopperplus. ca was created with a simple goal in mind – to provide quality ink and toner cartridges, printers and office supplies, cables and adapters, cellphone and camera accessories, and more at the lowest price possible for our Canadian customers. The Shopperplus. ca family now is composed of 3 websites including www. 123ink. ca; www. primecables. ca and www. living. ca. The Company's head office and principal warehouse is located in Montreal with a Distribution Center in Vancouver and another Branch Office in Guangzhou, China. About Canadian Business Growth Fund Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with typical investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million from Canadian financial institutions, CBGF is committed to long-term partnerships with the companies it invests in. For more information visit www. cbgf. com About Celtic House Asia Partners Celtic House is a veteran Canadian venture capital firm with nearly 30 years of experience focus on B2B SaaS. In recent years, it has developed a new investment fund in Asia. The Asia Arm specializes in consumer platforms and digital health, with disrupted portfolios including Applyboard, GrubMarket, Cerebral, Fantuan and so on. About Celtic House Venture Partners Drawing from its experience as one of Canada's most active investors in technology and innovation, Celtic House collaborates with exceptional founding teams with strong track records and a data-driven mindset to build category-leading technology companies. These collective efforts have resulted in over 25 IPO and M&A transactions in the past 20 years. For more information, visit www. celtic. vc. About National Bank SME Growth Fund Announced in July 2020, the National Bank SME Growth Fund L. P. (the “Fund”) was created to help Quebec entrepreneurs accelerate their corporate goals. This $200 million Fund is an equal partnership with the Quebec government and more than 245 private investors. Its primary objectives are to ensure Quebec’s economic growth and support the digital transformation of small and medium-sized enterprises. The Fund is managed by an experienced and dedicated team that strives to add value to our business community leaders.


- Published: 2021-08-27
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/environmental-360-solutions-inc-announces-strategic-investment-by-oaktree-capital-management-l-p/

Environmental 360 Solutions Inc. Announces Strategic Investment by Oaktree Capital Management, L. P. Environmental 360 Solutions Inc. ("E360S", or the "Company") is pleased to announce it has received a significant strategic investment from funds managed by Oaktree Capital Management, L. P. ("Oaktree"). Oaktree's investment will support the continued growth of the Company. To view the article please click here.


- Published: 2021-08-26
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-announces-follow-on-investment-in-thoughtwire/

CBGF Announces Follow-On Investment in ThoughtWireCBGF recently made a follow-on investment in portfolio company ThoughtWire Corp. , developers of a best-in-class Operating System for Healthcare and Built Environments headquartered in Toronto, Ontario. ThoughtWireOS uses a proprietary and patented “Digital Twin” that enables customers to leverage live data from any source to help save lives, help save the environment and to help save money through more efficient operations. Since CBGF’s initial investment in May 2020, ThoughtWire continued to execute on its vision of growing the company into a leading healthcare and property technology platform, having grown its sales funnel by ~4x primarily due to COVID-19 related demand for products that enhance staff and patient safety in healthcare settings and announcing new channel partnerships. ThoughtWire has also scaled its team and increased headcount by 44% to support this growth. Proceeds from the follow-on investment will be used for continued growth and working capital purposes.


- Published: 2021-08-26
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/le-cbgf-annonce-un-investissement-de-suivi-aupres-de-thoughtwire/

Le CBGF annonce un investissement de suivi auprès de ThoughtWireRécemment, le CBGF a effectué un investissement de suivi auprès de la société de portefeuille ThoughtWire Corp. qui développe un système d'exploitation de premier ordre pour les soins de santé et les environnements bâtis, dont le siège social est à Toronto, en Ontario. ThoughtWireOS utilise un « jumeau numérique » exclusif et breveté qui permet aux clients d'exploiter des données en direct de n'importe quelle source pour contribuer à sauver des vies, à sauver l'environnement et à économiser de l'argent grâce à des opérations plus efficaces. Depuis l'investissement initial de CBGF en mai 2020, ThoughtWire a continué à mettre en œuvre sa vision de faire croître l'entreprise pour en faire une plateforme technologique, chef de file du domaine des soins de santé et de l'immobilier, ayant augmenté sa prospection des ventes par environ 4 x, surtout en raison de la demande liée à COVID-19 pour les produits qui améliorent la sécurité du personnel et des patients dans les établissements de soins de santé et annonçant de nouveaux partenariats de canaux. ThoughtWire a également renforcé son équipe et augmenté ses effectifs de 44 % pour soutenir cette croissance. Le produit de l'investissement de suivi sera utilisé pour la croissance continue et le fonds de roulement.


- Published: 2021-08-17
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/xello-acquires-leading-career-pathfinding-platform-for-k-12-and-higher-ed-students/

Xello Acquires Leading Career Pathfinding Platform for K-12 and Higher Ed studentsXello, the award winning K-12 college, career and future readiness program, today announced the acquisition of Awato, the state selected platform for career development in New Hampshire, and the chosen program for leading post-secondary institutions like Southern New Hampshire University, North Carolina Central University and Lake Michigan College. To view the article please click here.


- Published: 2021-07-29
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cold-bore-technology-closes-14m-financing/

Cold Bore Technology Closes $14M FinancingCold Bore Technology Inc. (“Cold Bore” or “the Company”), the leader in frac completions automation and platform technology, today announced it has closed $14M in growth financing. The round was led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Existing investors include the Rice Investment Group (RIG), a $200M multi-strategy, energy sector investment fund. To view the full article please click here.


- Published: 2021-06-23
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/with-38-open-job-positions-in-canada-connected-secures-cbgf-investment-to-fuel-rapid-growth/

With 38 open job positions in Canada, Connected secures CBGF investment to fuel rapid growthConnected today announced Canadian Business Growth Fund's (CBGF) minority equity investment in its business. With the intention to "help mid-sized Canadian businesses grow", CBGF is seen as a key strategic partner for Connected as it continues working toward being the world's leading product development services firm. Connected is led by Mike Stern, CEO, alongside co-founder Damian McCabe and Global Managing Director, Tammy Chiasson. Together, they have grown Connected to over 140 team members by creating cross-disciplinary product teams that work across the entire product development lifecycle from strategy to execution. To view the full article please click here.


- Published: 2021-05-27
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/vendasta-announces-historic-119-5m-round-to-revolutionize-small-business-technology/

Vendasta announces historic $119. 5M round to revolutionize small business technologyVendasta today announced C$119. 5 million in financing to further accelerate the sales growth of its end-to-end ecommerce platform for companies who provide digital products and services to small and medium businesses (SMBs) worldwide. The raise is led by New York-based Lugard Road Capital, joined by Nicola Wealth, the Canadian Business Growth Fund (CBGF), and a set of existing investors. It is the largest information and communication technology (ICT) venture capital round in Canadian Prairie history. The record was previously set by Vendasta in 2019 when it secured a $40 million growth fund. Vendasta experienced strong growth through 2020 and 2021 as COVID-19 accelerated the adoption of digital technology by small businesses. With annual recurring revenue of more than $50 million and a reach of five million SMBs, the company intends to use the funds to further accelerate its pace of growth. “Vendasta is solving some of the biggest challenges facing businesses today. The majority of SMBs are struggling to purchase, implement, and use technology solutions. Our platform is quickly becoming the de facto operating system for both small businesses and the technology providers serving them,” said Vendasta CEO Brendan King. “This investment allows us to accelerate our timeline to completely redefine and democratize the way technology, software, and services are delivered to SMBs. " “We are thrilled to be partnering with the Vendasta team as they continue to revolutionize how SMBs discover, access, purchase, and ultimately interact with software to better their businesses,” said Doug Friedman, Partner at Lugard Road Capital. “We see Vendasta being very well-positioned to continue to grow and adapt in an ever-changing environment,” added Kazuki Nohdomi, Portfolio Manager at Nicola Wealth. “Considering the secular shift to digital marketing and ecommerce, and the need for small business owners to take advantage of that, we feel this is a great opportunity that fits well in our diversified portfolio. ” Vendasta is a leading technology company in Western Canada. Based in Saskatoon, it employs more than 500 people and plans to hire up to 150 employees in the coming year. CIBC Capital Markets, TD Securities Inc. , and National Bank Financial Inc. acted as financial advisors to the company on the financing. About Vendasta At Vendasta, our core purpose is to drive local economies by democratizing technology for small- and medium-sized businesses (SMBs). We accomplish this by providing a robust platform to local experts around the world—our channel partners. Partners use Vendasta’s technology to market, sell, bill, fulfill, and deliver digital solutions to their SMB clients. Our end-to-end platform and marketplace are tightly integrated into an operating system delivered to SMBs, providing a single sign-on to their digital products and analytics. Vendasta serves 50,000+ channel partners, who in turn work with more than five million SMBs worldwide. Sign up for free and explore Vendasta at www. vendasta. com. About Lugard Road Capital Lugard Road Capital is a multi-billion dollar global investment fund primarily focused on public and private companies in the internet, software, consumer, and technology sectors. About Nicola Wealth Nicola Wealth is a wealth management firm dedicated to serving the complex needs of high-net-worth families, entrepreneurs, and professionals. Today, the firm operates offices across Canada advising institutions, multi-generational families, and accomplished individuals of all professions and backgrounds. Nicola Wealth manages over C$9. 7 billion in assets under management (AUM), investing in a wide range of asset classes including but not limited to hard-asset real estate, private equity, private debt, commercial mortgages, and more. For more information, please visit www. nicolawealth. com. VIEW PRESS RELEASE


- Published: 2021-05-27
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/vendasta-pulls-ipo-raises-120-million-from-private-backers-instead/

Vendasta pulls IPO, raises $120-million from private backers insteadSaskatoon-based Vendasta Technologies Inc. has formally pulled plans to go public on the Toronto Stock Exchange and has instead raised $119. 5-million in a private financing led by New York’s Lugard Road Capital. Vendasta, which sells digital tools to companies that serve small businesses, filed to go public 10 weeks ago, laying out plans to raise $100-million at between $14 to $16 a share. However, Vendasta had difficulty filling out its order book from institutional investors amid a market swoon that cut valuations of tech stocks. That prompted several other companies that went public this spring to slash their deal sizes and offering prices to complete their deals. To view the article in the Globe & Mail please click here.


- Published: 2021-05-26
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/liferaft-announces-partnership-with-leading-web-isolation-provider-authentic8/

LifeRaft Announces Partnership With Leading Web Isolation Provider, Authentic8LifeRaft, an intelligence provider in the corporate security sector, is announcing its partnership with a California-based web isolation company, Authentic8, enabling secure browsing on LifeRaft's platform. Authentic8's Silo Web Isolation is now embedded directly into LifeRaft's proprietary security intelligence platform, Navigator, allowing for seamless browsing and secure online investigations, even when researchers explore external links and domains outside of the Navigator platform. "This integration has been a functionality we've been looking to incorporate into our platform for a few years," says Eduardo Capouya, Chief Technology Officer at LifeRaft. "The fact that we can bring it to market with such an innovative company as Authentic8 makes this even more exciting. " Authentic8's patented Silo Web Isolation Platform works by creating an isolation layer between users and the web. All web code is executed in a disposable container in the cloud, keeping it from reaching the network or the user's device. Silo embeds security, identity, and data policies directly into the browser. "Analysts using the Navigator security intelligence platform can click on any live links without fear. The pages will seamlessly and safely load inside the Silo platform," says Miguel Ramos, Head of Product at Authentic8. "Ultimately, users will pivot into Silo for Research for further investigation in all corners of the web, securely and anonymously. " Silo for Research is a purpose-built analyst research platform that provides an integrated suite of workflow productivity tools and enhanced OSINT tradecraft functionality, ensuring 100% isolation from toxic content. "Authentic8 is a leader in this space and we see this as the first phase of integration," said Capouya. "We look forward to continuing to deepen the integration to offer even further advancements to our customers. " Both LifeRaft and Authentic8 look forward to leveraging their shared partnership to enable greater access to secure open source intelligence research and investigations. About LifeRaft Inc. Based out of Nova Scotia, Canada, LifeRaft was incorporated in 2014 with a clear objective to advance corporate security. We deliver solutions to organizations that allow them to respond appropriately to the challenges they face from the global adoption of open source channels. For more information, please consult www. liferaftinc. com About Authentic8 The world's most at-risk organizations rely on Authentic8 to eliminate the risk of using the web. More than 500 government agencies and commercial enterprises trust Authentic8's cloud-based Silo Web Isolation Platform to separate the things they care about — like apps, data and devices — from the things they can't trust — like external websites, users and unmanaged devices. Authentic8 rethinks the decades-old approach to web access. Through proactive security and policy control, customers have the assurance they need that web use is safe and compliant in every session. VIEW PRESS RELEASE


- Published: 2021-04-13
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/liferaft-announces-follow-on-investment-from-cbgf/

LifeRaft Announces Follow-on Investment From CBGFLifeRaft, a security intelligence company headquartered in Halifax, Nova Scotia, announced today that it has received a follow-on investment from the Canadian Business Growth Fund (CBGF). Since the initial investment in October 2020, LifeRaft has continued to scale their product offering and operations. LifeRaft has grown its revenue by more than 25% due to account expansion and new business. The company’s headcount has increased by 27% to support this growth and development. “We are ecstatic about what we have been able to accomplish in such a short time with the guidance and support from CBGF,” says John Gallinaugh. “We look forward to continuing the strong partnership we’ve built and executing on our plans for further growth. ” “CBGF is proud to have backed John Gallinaugh and the LifeRaft team who have diligently executed their growth strategy since our initial investment,” explains George Rossolatos, CEO of CBGF. “We believe there are many opportunities ahead for the company as it continues to grow into a leading provider in its space. We are thrilled that LifeRaft is generating employment opportunities in Halifax and we look forward to partnering with other great management teams in the maritimes. ” The funds from this investment will be used for product development, sales, and marketing initiatives, and for working capital purposes. With the support of the investment, LifeRaft will continue to deliver critical technology to corporate security teams to strengthen their intelligence programs with leading edge product capabilities. About LifeRaft LifeRaft Inc. is a security intelligence company that enables enterprises to monitor and identify security threats and business risks from online sources. LifeRaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features that can be used for crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring, and threat detection. Headquartered in Halifax, Nova Scotia, the company specializes in providing proactive and real-time alerts that allows a company to protect its employees, customers and assets. About Canadian Business Growth Fund The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 to $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. For companies seeking investment opportunities, please email us at contact@cbgf. com. To learn more, please visit us at www. cbgf. com. Source: https://www. liferaftinc. com/resources/press-release-investment-0421/


- Published: 2021-03-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/xello-secures-follow-on-investment-round-from-canadian-business-growth-fund/

Xello Secures Follow-On Investment Round from Canadian Business Growth FundTo support expansion of its college and career readiness initiatives, Xello, the award-winning program that helps K-12 students prepare for college, career and future success, has secured a follow-on investment round from the Canadian Business Growth Fund (CBGF). Xello received an initial minority equity investment from CBGF in May 2020. To view the article please click here.


- Published: 2021-02-23
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth/

MaxSold Announces Follow-On Equity Investment to Promote Continued GrowthMaxSold, North America’s leading online downsizing marketplace announced today that it has received a follow-on equity investment from its current investor, the Canadian Business Growth Fund (CBGF). The follow-on investment represents a continued belief in the MaxSold team who have executed on their growth plans since CBGF’s initial investment in May 2020. MaxSold will use the proceeds to continue to grow its team, for market growth initiatives, and for research and development of new products including a new app, AI, and augmented reality. To view the article please click here.


- Published: 2021-02-10
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-2020-year-in-review/

At the end of each year, we look back at the progress we have made and assess our impact on the Canadian economy. In 2020, our team worked hard to close eight new partnerships, bringing our portfolio to a total of 16 growing Canadian companies. In addition to these eight new investments, CBGF executed five follow-on investments to support existing portfolio companies. CBGF also saw two exits during 2020. Learn more about our investment activity in our 2020 Year in Review Report. DOWNLOAD REPORT HERE


- Published: 2021-02-10
- Modified: 2021-03-25
- URL: https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2020/

À la fin de chaque année, nous examinons les progrès réalisés et évaluons notre impact sur l’économie canadienne. En 2020, notre équipe a travaillé dur pour conclure huit nouveaux partenariats, portant notre portefeuille à un total de 16 entreprises canadiennes en croissance. En plus de ces huit nouveaux investissements, le CBGF a réalisé cinq investissements de suivi pour soutenir les entreprises existantes du portefeuille. Le CBGF a également connu deux sorti en 2020. Pour en savoir plus sur nos activités d’investissement, consultez notre rapport. Télécharger le rapport ici


- Published: 2021-01-21
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/paystone-closes-69-million-financing-round/

Paystone Closes $69 Million Financing RoundPaystone, a leading payments and integrated software company, announces the closing of $69 million in strategic financing from Canadian Business Growth Fund (CBGF) and National Bank of Canada. The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. To view the article on Business Wire, please click here. (Photo: Business Wire) Paystone Co-Founders CEO Tarique Al-Ansari (left) and CFO Abdullah Saab (right) at Paystone HQ1


- Published: 2021-01-21
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/paystone-secures-69-million-as-company-chases-acquisitive-growth-strategy/

Paystone Secures $69 Million As Company Chases Acquisitive Growth StrategyPaystone, a London, Ontario and Montreal-based startup that offers customer engagement and payment processing software, has secured a $69 million CAD investment. The financing consisted of both an equity investment and debt financing. With Paystone having already brought its products to market its CEO, Tarique Al-Ansari, classified the round as late-stage strategic financing. This brings the total funding to date for Paystone, which was founded in 2009, to approximately $100 million CAD. To view the article on Betakit please click here.


- Published: 2021-01-12
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/prodigy-education-raises-one-of-the-largest-series-b-rounds-in-global-edtech-history/

Prodigy Education Raises One of the Largest Series B Rounds in Global EdTech HistoryTORONTO, Jan. 12, 2021 /PRNewswire/ - Prodigy Education ("Prodigy"), one of the fastest growing EdTech companies in North America, announced today that it has completed an agreement for a significant Series B funding. Under the agreement, Prodigy receives a combined CAD $159 million (approximately $125 million USD) led by TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, with additional investment from its current investor, the Canadian Business Growth Fund ("CBGF"). The investment is one of the largest in North American EdTech history for any funding round. The CAD $159 million fundraise represents a new era for Prodigy, with meaningful capital to further accelerate the Company's growth and value for its global user base. Prodigy now joins TPG Growth's current and previous investments in disruptive tech companies including Airbnb, Calm, Ipsy, Spotify, Uber, and other notable industry leaders. These commitments are a strong reflection of Prodigy's large user base, rapid growth, and customer loyalty among teachers, parents, and students alike -- and they position Prodigy for success on a much larger and more prominent scale. "We are incredibly humbled by TPG and CBGF's commitment to our vision and to our products," says Rohan Mahimker, co-founder and co-CEO of Prodigy. "From our beginnings as an undergraduate project nine years ago to today's exciting announcement, we have always operated with a simple yet compelling mission: to help every student in the world love learning. It will continue to be our guiding light as we transform into a truly global leader in education. " "We have come a long way as a company, and it's a true testament to the strength and dedication of our team," said Alex Peters, co-founder and co-CEO of Prodigy. "Without their unrivaled expertise and their steadfast belief in our vision, we never would have achieved this milestone. Together, we will continue to deliver the best products and experiences as possible to hundreds of millions of users across the world who love learning because of Prodigy. " With a strong presence in North America and recent expansion to India, Australia, and the United Kingdom, the investment will help Prodigy accelerate its market reach, bolster the advancement of its renowned Math Game, and further strengthen Prodigy Math Tutoring. "Prodigy's impressive growth is underpinned by a truly differentiated, game-based, and adaptive platform that is well-aligned with the core curriculum for grades 1 through 8," said David Trujillo, Partner at TPG. "Their commitment to their users and to their educational purpose is inspiring. We believe that Prodigy's unique value proposition for teachers, parents, and students – through advanced technology that fosters a love of learning – positions the company to connect with users across the world. We look forward to partnering with Rohan, Alex and the whole Prodigy team to build on the company's success. " As part of the investment, Trujillo and TPG Growth Principal Jacqui Hawwa will join Prodigy's Board of Directors. "We are proud to continue our partnership with Prodigy by increasing our original investment," said George Rossolatos, Chief Executive Officer of CBGF. "Alex and Rohan are great Canadian entrepreneurs and we are thrilled to support Prodigy as it continues to expand its global reach. " About Prodigy Education In the last nine years, Prodigy Education has grown from 3,000 local users to more than 100 million registered users worldwide. As one of the fastest-growing ed-tech startups in North America with global impact, Prodigy connects students, parents, teachers, and school districts with resources that promote a lifelong love of learning. Anyone with an internet connection is welcome to create a free account for its renowned Math Game and try an effective and engaging math platform for grades 1 to 8. For more information visit www. prodigygame. com, or @ProdigyGame on Twitter. About TPG Growth TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $15. 4 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The platform is backed by the resources of TPG, which has approximately $85 billion of assets under management. For more information, please visit www. tpg. com or on Twitter @TPG. About Canadian Business Growth Fund Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with typical investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million from Canadian financial institutions, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects its partner businesses to its broad network of experienced business leaders, sector experts and international relationships to help them achieve their full potential. For more information: www. cbgf. com and @CBGFinvestments on Twitter.


- Published: 2021-01-12
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/oakville-maker-of-prodigy-math-game-to-hire-400-after-raising-159-million-from-u-s-private-equity/

Oakville maker of Prodigy math game to hire 400 after raising $159-million from U. S. private equityA GTA online company that has turned math education into a video game for millions of children worldwide has raised $159-million from U. S. private-equity giant TPG Capital and the Canadian Business Growth Fund (CBGF). Oakville, Ont. -based Prodigy Education Inc, which had previously raised just $15-million in institutional capital from CBGF in 2019, said the new funds would fuel a hiring spree, with plans to double in size to 800 people this year. “We’re planning on growing very aggressively with this fundraise ... and pursue our mission of helping every student in the world love learning,” co-chief executive officer Rohan Mahimker said in an interview. To view the article in the Globe & Mail please click here.


- Published: 2021-01-07
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/lift-auto-group-receives-growth-funding-expansion/

B. C. -based Lift Auto Group receives growth funding to support the continuation of its expansion and acquisition strategyRegina, Saskatchewan – January 5, 2021 – PFM Capital Inc. (“PFM”), on behalf of the APEX III Investment Fund Limited Partnership (“APEX III”), is pleased to announce it has made a strategic investment in Lift Auto Group (“Lift” or “Company”) to support the continuation of Lift’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (“CBGF”), a current investor, participated on a follow-on basis in continued support of the company. Lift is a B. C. -based consolidator of automotive collision repair centres across Canada. The Company currently has twelve locations across British Columbia, Alberta and Saskatchewan with plans to expand its footprint East across the rest of Canada. "PFM is excited to partner with Lift as the company continues to execute on its growth strategy” commented Jardin Schnurr, Director of Investments at PFM Capital Inc. “We believe that the ambitious management team at Lift have solid processes in place and an experienced acquisition team allowing them to continue to achieve their vision of becoming a leading player in a highly fragmented industry. ” “We are proud to continue to support Mark Reineking and the Lift Auto Group team as they continue to execute on their growth strategy” said George Rossolatos, CEO of CBGF. “As our first investment in 2018, we have supported management to continue to expand the company’s footprint across Western Canada and will continue to support Lift on their growth path. ” Led by Mark Reineking, the Lift management team brings a sophisticated operating approach to an increasingly complex industry. This complexity makes the collision repair industry ripe for consolidation, providing an opportunity for well-capitalized and well-managed consolidators like Lift to acquire, and integrate, smaller operators to add scale to properly address industry demands. “Lift successfully sustained the financial health of the Company throughout the challenges presented by the global pandemic in 2020 and is emerging stronger than ever with our new financial partnership with PFM” says Mark Reineking. "Along with our existing partners, CBGF and CSN Collision Centres, Lift is ideally positioned to embark on the next phase of the Company’s growth and realize its vision of being the leading collision repair consolidator and operator across Canada. Lift has added two new locations to its portfolio since December 1st, with several additional acquisitions being scheduled for 2021. The Company is excited to play a key role in assisting Canadian owner/operators to transition their businesses, ensuring they retain their leadership position in the communities they service. ” ATB Capital and Raymond James jointly marketed the opportunity and acted as Lift’s advisors in this growth capital raise. About PFM Capital Inc. PFM Capital Inc. is Saskatchewan’s largest private equity investment firm with over $750 million in assets under management across several funds. Based in Regina, Saskatchewan, PFM’s niche focus allows investors to benefit from the Prairies’ economic strengths by taking advantage of the firm’s established local contact network and long-term track record. PFM is employee-owned and has been managing private equity and venture capital funds since 1993. For more information please visit www. pfm. ca About the Canadian Business Growth Fund The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. For companies seeking investment opportunities, please contact us at contact@cbgf. com. About Lift Auto Group Based in Kelowna, B. C. , Lift Auto Group, its founders, and executive team possess the diverse skill set necessary to become one of Canada’s largest multi-store collision brands. Lift’s team has a family history in collision repair spanning decades and brings a sophisticated approach, relating to both technical expertise and business acumen, to the increasingly complex collision repair industry. Lift Auto Group currently has twelve locations in British Columbia, Alberta, and Saskatchewan, with plans to expand across Canada. Lift is proud to have partnered with one of Canada’s leading collision repair banners, CSN Collision Centres, and brands all of its locations as such.


- Published: 2020-12-03
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/affirm-to-acquire-paybright/

Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 MillionAffirm, a more flexible and transparent alternative to credit cards, today announced it has entered into a definitive agreement to acquire PayBright, one of Canada’s leading buy-now-pay-later providers. Under the terms of the agreement, Affirm will acquire PayBright for a total cash and equity consideration of approximately CAD $340 million. Additional terms of the transaction were not disclosed. View the full article here: https://www. businesswire. com/news/home/20201203005862/en/Affirm-to-Acquire-PayBright-One-of-Canada


- Published: 2020-09-23
- Modified: 2023-01-19
- URL: https://cbgf.com/news-insights/watch-the-future-of-canadian-entrepreneurship/

Watch: The Future Of Canadian EntrepreneurshipCBGF's CEO, George Rossolatos discusses the future of Canadian entrepreneurship in this video orignally published at TheFutureEnconomy. ca. This interview was recorded in early 2020, prior to the COVID-19 pandemic. KEY HIGHLIGHTS SMEs represent 99% of all Canadian companies, 90% of jobs in the private sector, and account for 85% of new jobs created in Canada last year. The Canadian Business Growth Fund provides a growth capital solution, in the form of an evergreen fund that can back companies for a number of years. The Canadian Business Growth Fund also provides the guidance, support and mentorship to help these young companies grow and succeed. The Canadian Business Growth Fund is a sector agnostic fund and is interested in companies in any sectors; not just those dominating the media. ENTREPRENEURSHIP'S IMPORTANCE TO CANADA’S ECONOMY Entrepreneurship is more important today than it was 10, 15, 20 years ago. The percentage of new employment created by SMEs is higher, it seems that a lot of our innovation now is coming from our SMEs. The ease of starting a new firm in Canada is one of the highest in the world and our job at the Canadian Business Growth Fund is to back ones that have scaled— the ones that can rise to the top of that start up group that now are ready to scale nationally and internationally - those are the companies that we really need to scale in Canada for maximum impact. CHALLENGES AND SUPPORT FOR CANADA’S ENTREPRENEURS There is absolutely a gap for our entrepreneurs in scaling their companies, and at the Canadian Business Growth Fund we see the gap—we call it the growth capital gap—but it has several components: Capital, Guidance, Mentorship, Talent, Made-In-Canada Solution CBGF offers a “Made in Canada” solution, an option for entrepreneurs who are thinking of expanding—whether its nationally or internationally—a Canadian partner who understands the challenges they are facing here. THE CBGF’S MISSION The government actually helped form this private sector fund. Back in 2016, the government formed an economic advisory council made up of very high-profile Canadians that had an interest in helping Canada become more competitive; helping Canadian businesses thrive. The advisory council created several reports which alluded to the fact that the number of Canadian global leaders was down 40% in the last quarter century. That economic council recommended a growth capital solution and they asked the Canadian banks to come together in an evergreen fund that does not have an end, that can back companies for 10, 15 years or longer. Although the government helped with our initial mandate and fund formation, we are not a government institution. CBGF has invested across the country in Kelowna, in Victoria, in Saskatoon, in Burlington... we are working on transactions in Halifax, Edmonton, Calgary. Eventually we would like to have an investment in every province, to distribute entrepreneurship across the country and back great entrepreneurs that we are meeting across every province. We can add value, we can help, and I think that if we keep doing this in the form of eight to 10 investments in great entrepreneurs every single year—year in and year out in an evergreen format—we are going to make an impact and we are going to see a number of companies that become national and international successes that would not have grown in Canada been had we not been the investor, and that is our ultimate goal. CBGF’S INVESTMENTS The Canadian Business Growth Fund is a sector agnostic fund. We look at any sector that is growing—whether that growth is 15% or 50% it is still a growth part of our economy and can be fostered and will create jobs and will create opportunity for people. there are companies and industries that are growing at 15% to 20% every year that are constantly adding and constantly creating, constantly innovating that I think are underserved and our goal is to equally serve both ends of that spectrum. We are investing in all of those business from retail to distribution, to manufacturing, to media, to auto collision repair—those are companies that are growing, that are the lifeblood of our economy, and those SMEs are creating 85% of our jobs and the vast majority of them are not the ones that you read about every day. ADVANTAGES FOR CANADA’S ENTREPRENEURS AND ECONOMY A lot of investors in the venture capital world have three- to five-year horizons sometimes. To take their company from a certain level to the next level and then they sell to a strategic, and often 80% of the time venture capital firms are selling to foreign buyers. We, on the other hand, would like to see them grow for 10 years or 15 years and create the next great Canadian company that stay here, that are headquartered here, that build from here. I think it is important we have Canadian business headquarter here. We do not want to be a branch plant economy where decisions are made elsewhere, and we have workers reporting to those in other countries. It is easy for someone to say there is a talent gap in Canada, but it is a lot harder to create the right pipeline of people with the capabilities to fill those positions right here in Canada. And the way we do that is to keep more companies here longer and have them grow over the longer term. HOW CANADIANS MUST SUPPORT ENTREPRENEURS As a society, we do need to help foster entrepreneurship and often, those of us that are not entrepreneurs are not as supportive of entrepreneurs as we should be. Being an entrepreneur is very difficult, there are many sleepless nights, the hours are long, there are a lot of uncertainty. Family members can suffer because as a result there is huge commitment—there is travel, there is fundraising, there is making payroll—and sometimes you do not appreciate what a challenge that is. It is on all of us to foster that and to encourage the entrepreneurs that we know in our lives to push forward and to work through their challenges and listen to them when they are having issues and encourage them. Not everyone can be an entrepreneur, but everyone can be an intrapreneur, thinking about entrepreneurship and the organizations and fostering that spirit of furthering innovation and making ourselves better and making our companies better. I do think we need to raise our awareness of the importance of entrepreneurship and raise the level in which we encourage them to pursue their path.


- Published: 2020-07-22
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/the-blacknorth-initiative-summit-launches-with-commitments-from-over-200-organizations/

The BlackNorth Initiative Summit Launches With Commitments From Over 200 OrganizationsOur CEO, George Rossolatos, has signed the BlackNorth Initiative pledge committing CBGF to specific actions and targets designed to end anti-Black systemic racism. To learn more about this initiative please click here: https://www. businesswire. com/news/home/20200720005383/en/BlackNorth-Initiative-Summit-Launches-Commitments-200-Organizations


- Published: 2020-07-17
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/telus-buys-smartphone-repair-chain-mobileklinik/

Telus buys smartphone repair chain MobileKlinikTelus has acquired Mobile Klinik, a Canadian smartphone and tablet repair store chain with over 80 locations across the country. The Vancouver-based carrier says this acquisition builds on its strategy of putting customers first by offering Canadians more options to buy, maintain and protect their mobile devices. View the full article here: https://www. theglobeandmail. com/business/article-telus-buys-smartphone-repair-chain-mobileklinik-in-bid-to-help-keep/


- Published: 2020-07-17
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/telus-a-fait-lacquisition-de-mobile-klinik-une-chaine-canadienne-de-magasins-de-reparation-de-telephones-intelligents/

Telus a fait l'acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligentsTelus a fait l'acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents et de tablettes, qui compte plus de 80 établissements dans tout le pays. L'opérateur basé à Vancouver affirme que cette acquisition s'inscrit dans sa stratégie de mettre les clients au premier plan en offrant aux Canadiens davantage d'options pour acheter, entretenir et protéger leurs appareils mobiles. Pour voir l’article complet, veuillez cliquer ici : https://www. theglobeandmail. com/business/article-telus-buys-smartphone-repair-chain-mobileklinik-in-bid-to-help-keep/


- Published: 2020-06-30
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-celebrates-two-year-launch-anniversary/

CBGF Celebrates Two-Year Launch AnniversaryThis month we celebrate our two-year anniversary since our launch on June 19th, 2018. Since then, CBGF has been busy building our team to 19 employees who have contributed to our 6 new partnerships this year, bringing our portfolio to a total of 14 growing Canadian companies including 1 follow on investment. We have deployed $39. 25 million in capital this year towards the Canadian economy amidst the COVID-19 pandemic, bringing us to $127. 8 million of invested capital to date. The companies we’ve backed can be found across Canada, in British Columbia, Saskatchewan, Manitoba, Ontario, and Nova Scotia. Since our initial investments in each portfolio company, they have together created a total of 549 new jobs. CBGF is proud to have been one of the most active growth capital investors during the COVID-19 pandemic. Despite the uncertainty in the market and the shock to our economy as a result, we are grateful to be able to continue to support the growth of these impressive Canadian companies, and our Canadian economy. Thank you to all of our stakeholders, partners, advisors and all of those who have shown support over the last two years. INVESTMENTSFull-service Digital Consultancy Vancouver, BC Environmental Management Company Pickering, ON Augmented Worker Solutions Winnipeg, MB Auto-Collision Repair Consolidator Kelowna, BC Downsizing Business Services Kingston, ON Retail & Commercial Technology Repair Toronto, ON Consumer Payments and E-Commerce Lending Toronto, ON Game-Based Learning Platform Burlington, ON Proposal Automation Software Halifax, NS Digital Video Distribution Victoria, BC Digital Twin Property Technology Toronto, ON Mental Health Solutions & Services Toronto, ON Cloud Commerce Solutions Distribution Saskatoon, SK Career-Readiness Solutions Toronto, ON CBGF IN THE NEWS“CBGF Announces Investment in Environmental 360 Solutions Inc. ” Learn more“Xello Fuels Mission to Make Every Student Future Ready with Investment from Canadian Business Growth Fund” learn more“MaxSold, North America’s largest downsizing and estate service platform, secures private sector funding to accelerate growth” Learn more“Nova Scotia-based Proposify Receives Investment from Canadian Business Growth Fund” Learn more“Librestream Closes Series D Financing Round; Secures Over $24 million to Expand Market Presence for its Augmented Worker Platform ” Learn more“CBGF Invested in Toronto-based Thoughtwire Inc” Learn more“Canadian venture-capital investment is down, except when it comes to companies with COVID-19 tie-in” Learn more“Bank-backed business growth fund accelerates financing deals during pandemic" Learn moreOUR SHAREHOLDERSABOUT CBGFCBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with an initial capital commitment of $545 million and projected future contributions to reach $1 billion, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.


- Published: 2020-06-30
- Modified: 2021-11-15
- URL: https://cbgf.com/fr/news-insights/cbgf-celebre-son-deuxieme-anniversaire/

CBGF célèbre son deuxième anniversaire! Ce mois-ci, nous avons célébré notre deuxième anniversaire depuis notre lancement le 19 juin 2018. Depuis ce temps, le CBGF s'est employé à renforcer son équipe, qui compte maintenant 19 employés qui ont contribué à nos 6 nouveaux partenariats cette année, portant notre portefeuille à un total de 14 entreprises canadiennes en croissance, dont une entreprise en investissement de suivi. Cette année, nous avons déployé 39,25 millions de dollars de capitaux au profit de l'économie canadienne dans le contexte de la pandémie de la COVID-19, ce qui nous porte à 127,8 millions de dollars de capitaux investis à ce jour. Les entreprises que nous avons soutenues sont situées à travers le Canada, soit en Colombie-Britannique, en Saskatchewan, au Manitoba, en Ontario et en Nouvelle-Écosse. Depuis nos investissements initiaux dans chaque entreprise du portefeuille, ensemble elles ont créé un total de 549 nouveaux emplois. Le CBGF est fier d’avoir été l’un des investisseurs en capital de croissance les plus actifs durant la pandémie de la COVID-19. Malgré l’incertitude du marché et le choc de la pandémie actuelle sur notre économie, nous sommes reconnaissants de pouvoir continuer à soutenir la croissance de ces impressionnantes entreprises canadiennes, et de notre économie canadienne. Merci à tous nos intervenants, partenaires, conseillers et à tous ceux qui nous ont apporté leur soutien au cours des deux dernières années. InvestissementsService complet de conseils numériques Vancouver en Colombie-Britannique Entreprise de gestion de l’environnement Pickering en Ontario Solutions d’entreprise pour les travailleurs Winnipeg au Manitoba Consolidateur de réparation de carrosserie d’automobile Kelowna en Colombie-Britannique Service de réduction commerciale Kingston en Ontario Services de réparation technologique au détail et commerciaux Toronto en Ontario Services de paiements et de prêts aux consommateurs Toronto en Ontario Plateforme d’apprentissage à base de jeux Burlington en Ontario Logiciel de proposition d’automatisation Halifax en Nouvelle-Écosse Distribution de vidéos numériques Victoria en Colombie-Britannique Technologie numérique de gestion des bâtiments Toronto en Ontario Solutions et services en santé mentale Toronto en Ontario Distribution de solutions Cloud Saskatoon en Saskatchewan Solution de carrière Toronto en Ontario Le CBGF fait les manchettes“CBGF Announces Investment in Environmental 360 Solutions Inc. ” apprendre encore plus“Xello Fuels Mission to Make Every Student Future Ready with Investment from Canadian Business Growth Fund” apprendre encore plus“MaxSold, North America’s largest downsizing and estate service platform, secures private sector funding to accelerate growth” apprendre encore plus“Nova Scotia-based Proposify Receives Investment from Canadian Business Growth Fund” apprendre encore plus“Librestream Closes Series D Financing Round; Secures Over $24 million to Expand Market Presence for its Augmented Worker Platform ” apprendre encore plus“CBGF Invested in Toronto-based Thoughtwire Inc” apprendre encore plus“Canadian venture-capital investment is down, except when it comes to companies with COVID-19 tie-in” apprendre encore plus“Bank-backed business growth fund accelerates financing deals during pandemic" apprendre encore plusNos actionnairesÀ propos du CBGFLe CBGF fournit des capitaux minoritaires patients à long terme à des entrepreneurs ambitieux pour financer la croissance et l'expansion des entreprises du marché intermédiaire avec des investissements entre 3 et 20 millions de dollars. Le CBGF est un fonds d'investissement à capital permanent dont le capital initial s'élève à 545 millions de dollars et dont les contributions futures devraient atteindre 1 milliard de dollars. Le CBGF s'engage à établir des partenariats à long terme avec les entreprises dans lesquelles il investit. Dans le cadre de sa mission de stimuler la croissance, le


- Published: 2020-06-29
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/bank-backed-business-growth-fund-accelerates-financing-deals-during-pandemic/

Bank-backed business growth fund accelerates financing deals during pandemic CBGF has also emerged as one of the busiest backers of Canadian businesses during the pandemic... Since late February CBGF has invested $39-million in four software companies in Toronto and Halifax, environmental waste management company Environmental 360 Solutions of Pickering, Ont. , and auctioneer MaxSold Ltd. To view the full article please click here: https://www. theglobeandmail. com/business/article-bank-backed-business-growth-fund-accelerates-financing-deals-during/


- Published: 2020-06-09
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/nova-scotia-based-proposify-receives-investment-from-canadian-business-growth-fund/

Nova Scotia-based Proposify Receives Investment from Canadian Business Growth Fund CBGF's First Investment in Atlantic Canada Demonstrates Its Commitment to Entrepreneurial Prosperity during COVID-19 Pandemic In keeping with its commitment to helping Canada's entrepreneurs grow their businesses despite the challenges brought on by the COVID-19 crisis, the Canadian Business Growth Fund (CBGF) today announced its minority equity investment in Nova Scotia–based proposal-management software company Proposify. This marks CBGF's first investment in Atlantic Canada. At a time when many investors have put a hold on their activity, CBGF has chosen to lean into the crisis and continue to back entrepreneurs in Canada. "Proposify is the fourth investment we've announced during this period, reinforcing our commitment to helping mid-sized Canadian enterprises come out of this crisis stronger than they went in," says George Rossolatos, Chief Executive Officer, Canadian Business Growth Fund. "While Canada has fostered many startups, scaling them into larger enterprises has been a challenge, and it's even harder now. We believe this is the time to invest in great Canadian companies, and with our patient minority capital they can grow their businesses over the long term. " Proposify's software as a service (SaaS) solution streamlines the process of creating, sending, tracking, and e-signing proposals, contracts, agreements, and other sales documents. This helps sales teams scale their proposal process and quickly create impressive, interactive sales documents that stand out from the competition. "As sales teams grow, they often hit internal bottlenecks where content is spread out everywhere, proposals get sent with errors, and PDFs get lost in spam folders," says Kyle Racki, Chief Executive Officer, Proposify. "Proposify is the modern way to create and send documents that communicate your company's value in an interactive, engaging, error-free way, and it automates the process so deals close faster. " Racki co-founded Proposify alongside COO Kevin Springer in 2013. Having recognized a need to make the proposal process easier and simpler, the pair sold their previous company, a web design agency, and dedicated themselves exclusively to building a SaaS solution. After more than a year of hard work and tenacity, the software began to gain significant traction. Today, Proposify's software supports over 10,000 customers in 35 different countries. With 82 employees, the organization helps other companies focus on what matters most – growing their businesses. CBGF's investment will be used to help the company prepare for future growth and ensure its success continues into the post-pandemic world. "We're thrilled to partner with CBGF because not only do they share our vision, but their mission of providing patient minority capital will allow us to stay in control of our business as we grow. We will also benefit from their guidance and expertise so we can continue to revolutionize the way companies sell, especially in a post-COVID-19 world," says Springer. Rossolatos agrees. "We believe Proposify can become an international success story and we're excited to back Kevin, Kyle and their team with our first investment in Atlantic Canada. We have found Halifax to be a great entrepreneurial hub, and we look forward to exploring further investment opportunities in the region. " About Canadian Business Growth Fund The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 to $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. For companies seeking investment opportunities, please email us at contact@cbgf. com. Click here to learn more. About Proposify Proposify's software as a service (SaaS) solution streamlines the process of creating, sending, tracking, and e-signing proposals, contracts, agreements, and other sales documents. Proposify helps sales teams scale their proposal process, and quickly create impressive, interactive sales documents that beat the competition. To learn more, please visit us at www. proposify. com. SOURCE Canadian Business Growth Fund For further information: about the Canadian Business Growth Fund, please contact Aby Bueno, Broad Reach Communications, 416-858-3135, abueno@BRPR. ca. For further information about Proposify, please contact Jennifer Faulkner, Proposify, jennifer@proposify. com


- Published: 2020-06-02
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/maxsold-north-americas-largest-downsizing-and-estate-service-platform-secures-private-sector-funding-to-accelerate-growth/

MaxSold, North America’s largest downsizing and estate service platform, secures private sector funding to accelerate growth For those downsizing or settling an estate, MaxSold solves the daunting problem of how to sell everything in a limited amount of time. Canadian Business Growth Fund (CBGF) recently completed a growth equity investment in MaxSold Incorporated. MaxSold is the leading solution for enabling the downsizing of homes for seniors, estates and empty nesters, in an efficient and environmentally friendly manner. MaxSold’s unique local marketplace connects buyers to unique treasures as well as everyday goods near them in 35 metropolitan areas across North America. "MaxSold is a scalable business with a great opportunity to target a growing demographic. We have been impressed with the business the MaxSold team has built to date, with an innovative model in a growing market that is ripe for a better solution. ” said George Rossolatos, CEO of CBGF. This milestone investment is a testament to MaxSold’s strong growth and cross-border expansion while being cash efficient. MaxSold is on the Canadian Business’ Growth 500 list for the past two years, and Financial Times 2020 ranking of fastest growing companies in the Americas. “There is a clear alignment with CBGF on the long-term vision. ” said MaxSold CEO, Sushee Perumal. “We have always focused our resources on delivering value to our buying and selling clients. This funding round enables MaxSold to invest in growing our markets at a faster pace. ” Environmental impact is a priority, with tons of usable items kept out of landfills each year through MaxSold. MaxSold employs a safe, simple and fast process that avoids waste of usable goods, usage of consignment shops, time consuming one-by-one sales and intrusive traditional content sales where a majority of useful items are left over. MaxSold’s services are provided through its local team members and a growing partner network of senior move managers, professional organizers, trust officers, estate lawyers, real estate professionals, auctioneers and resellers. "The MaxSold option has set me apart from others offering similar services, and increased my business at the same time. MaxSold is a great solution for emptying a house quickly, and defraying the costs of doing so. " said Robin Abb, Smooth Transitions, Washington State. The contents are sold on the company’s online auction platform. In less than two weeks and with just two onsite visits, MaxSold can clear a home or business, selling on average 98% of the items. Everything from tea cups to cars are sold through competitive online bidding. ” About MaxSold MaxSold Incorporated operates in 35 metropolitan areas in Canada and the U. S. to help people to clear household contents. Working directly with downsizing, estate and relocation clients, and with over 500 partner companies in the elder care and relocation industries, MaxSold has already helped over 16,000 clients sell over 1. 8 million items. Visit maxsold. com to learn more. About CBGF The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 to $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner business achieve their full potential. For companies seeking investment opportunities, please email us at contact@cbgf. com. To learn more, please visit us at cbgf. com.


- Published: 2020-04-02
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/watch-the-webinar-coronavirus-what-every-entrepreneur-needs-to-know-right-now/

Watch the Webinar: Coronavirus - What Every Entrepreneur Needs to Know Right Now Running your own business is never easy – even in the best of times. The coronavirus crisis presents a whole new set of challenges. How to survive? How to maintain cash flow? How to be resilient and navigate whatever comes next? On April 2nd, 2020, Queen’s Smith School of Business hosted an online webinar offering entrepreneurs a unique perspective on the covid-19 situation, and advice on how to overcome the obstacles and preserve businesses. Featuring seasoned entrepreneurs and experts: George Rossolatos, CEO of the Canadian Business Growth Fund; Jess Joss, CEO of Equation Angels; Stephen Smith, CEO and co-founder of First National Financial; and Elspeth Murray, CIBC Faculty Fellow in Entrepreneurship at Smith School of Business. Click on the link below if you want to learn: How to make sense of the covid-19 business climate How to pivot your business in the coming weeks and months Ideas for cash-flow management How the current crisis is affecting funding for businesses How to maintain a positive outlook Useful lessons from past economic crashes Advice to make it through and be ready for recovery To watch the full webinar, please click here: https://smith. queensu. ca/insight/content/coronavirus-what-every-entrepreneur-needs-to-know-right-now. php


- Published: 2020-04-02
- Modified: 2021-02-11
- URL: https://cbgf.com/fr/news-insights/quest-ce-que-le-seminaire-en-ligne-coronavirus-ce-que-tout-entrepreneur-doit-savoir-des-maintenant/

Qu'est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenantGérer sa propre entreprise n'est jamais facile, même dans les meilleurs moments. La crise du coronavirus présente toute une série de nouveaux défis. Comment y survivre? Comment maintenir la trésorerie? Comment faire preuve de résilience et s'adapter à la prochaine situation? Le 2 avril 2020, la Queen's Smith School of Business a organisé un séminaire en ligne offrant aux entrepreneurs un point de vue unique sur la situation de la COVID-19, et des conseils sur la manière de surmonter les obstacles et de préserver les entreprises. Le séminaire mettait en vedette des entrepreneurs et des experts chevronnés : George Rossolatos, PDG du Fonds de croissance des entreprises du Canada; Jess Joss, PDG d'Equation Angels ; Stephen Smith, PDG et co-fondateur de First National Financial et Elspeth Murray, membre du corps professoral de la CIBC en entrepreneuriat à la Smith School of Business. Cliquez sur le lien ci-après si vous souhaitez en savoir plus : Comment donner un sens au climat d'affaires de la COVID-19 Comment faire pivoter votre entreprise au cours des semaines et des mois à venir Comment gérer votre trésorerie Comment la crise actuelle affecte-t-elle le financement des entreprises Comment maintenir une perspective positive Comment les krachs économiques passés peuvent-ils être utiles Comment passer au travers de la crise et être prêt pour la reprise Pour voir le séminaire en ligne dans son intégralité, veuillez cliquer ici : https://smith. queensu. ca/insight/content/coronavirus-what-every-entrepreneur-needs-to-know-right-now. php


- Published: 2020-03-13
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/listen-to-the-podcast-patient-minority-growth-capital-for-canadian-companies/

Listen to the Podcast: Patient, Minority Growth Capital for Canadian CompaniesCanadian Business Growth Fund CFO, Karoline Elkind, talks with TradeSecurely, Janet Eastman, about CBGF. To hear the full podcast, please click here: https://receivablesinsurancecanada. com/podcast/episode-17-patient-minority-growth-capital-for-canadian-business/


- Published: 2020-03-13
- Modified: 2022-10-31
- URL: https://cbgf.com/fr/news-insights/ecoutez-le-balado-capitaux-de-croissance-minoritaire-patients-pour-les-entreprises-canadiennes/

Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennesLa dirigeante principale des finances du Fonds de croissance des entreprises du Canada, Karoline Elkind, discute avec Janet Eastman de Trade Securely à propos du CBGF. Pour écouter le balado en entier, veuillez cliquer ici : https://receivablesinsurancecanada. com/podcast/episode-17-patient-minority-growth-capital-for-canadian-business/


- Published: 2020-03-11
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-announces-investment-in-environmental-360-solutions-inc/

CBGF Announces Investment in Environmental 360 Solutions Inc. CBGF recently made a minority equity investment in Environmental 360 Solutions Inc. (“E360S” or the “Company”), an environmental management business. Headquartered in Pickering, Ontario, the Company specializes in solid and liquid waste collection. E360S is dedicated to becoming one of North America’s leading and most trusted environmental management companies, providing solutions to municipalities and Industrial, Commercial and Institutional customers. The proceeds from this equity raise will be used to support growth through acquisitions. E360S is led by Founder and CEO Danny Ardellini, who brings 30 years of experience in consolidating the Canadian environmental waste management industry and is supported by a team of experienced executives. E360S currently has 326 employees operating in ten Canadian cities across three provinces: Ontario, Alberta, and British Columbia. We believe that Danny and the E360S team possess the skills and experience to execute on their vision in building a leading environmental management business in North America.


- Published: 2020-03-03
- Modified: 2021-01-29
- URL: https://cbgf.com/fr/news-insights/cbgf-annonce-un-investissement-dans-environmental-360-solutions-inc/

CBGF annonce un investissement dans Environmental 360 Solutions Inc. Récemment, CBGF a fait un investissement minoritaire dans le capital social d’Environmental 360 Solutions Inc. (« E360S » ou « l’Enterprise »), une entreprise de gestion environnementale, dont le siège social est situé à Pickering en Ontario, et qui se spécialise dans la cueillette de déchets solides et liquides. E360S est déterminée à devenir l’une des entreprises, chefs de file en gestion environnementale, les plus fiables en Amérique du Nord, offrant des solutions aux municipalités et aux clients industriels, commerciaux et institutionnels. Cette augmentation en capital favorisera la croissance de E360S par le biais d’acquisitions. L'entreprise E360S est dirigée par son fondateur et PDG Danny Ardellini, qui possède 30 années d'expérience dans le regroupage de l'industrie canadienne de la gestion des déchets environnementaux, et il est soutenu par une équipe de cadres chevronnés. Actuellement, E360S compte 326 employés dans dix villes canadiennes réparties dans trois provinces : l'Ontario, l'Alberta et la Colombie-Britannique. Nous croyons que Danny et l'équipe d’E360S possèdent les compétences et l'expérience nécessaires pour concrétiser leur vision de créer une entreprise de gestion environnementale, chef de file en Amérique du Nord.


- Published: 2020-01-28
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-2019-year-in-review/

CBGF 2019 Year in ReviewToday, the Canadian Business Growth Fund (CBGF) celebrates the success that we and our portfolio companies have accomplished in our first full year of operations in 2019. We are honored to have been recognized as Provider of the Year by the Canadian Private Equity Summit, having grown our team to 20 people and partnered with 8 ambitious Canadian companies, in investments totaling $88. 5 million of capital. We are proud of the entrepreneurs that we have backed and excited to support their bold aspirations. 2019 PORTFOLIO HIGHLIGHTSAppnovation has grown 520% over the last five years, and continued its geographical expansion drive, opening a Toronto office and appointing two senior leaders. Lift Auto Group continued their consolidation across Western Canada's auto collision repair industry with their 9th acquisition. Mobile Klinik acquired Device Care to consolidate their leading national position as a mobile device repair center and accessories retailer. Mobile Klinik acquired Device Care to consolidate their leading national position as a mobile device repair center and accessories retailer. Prodigy was recognized by Growth 500 as one of Canada's Top 3 Fastest­Growing Companies having grown their educational platform from 3,000 local users to 50 million worldwide in 8 years. SendtoNews was recognized as the Best Ad-Supported Video Service in North America at the Cynopsis Model D Awards. Unyte signed a strategic partnership with the world renowned scientist, Dr. Stephen Porges and acquired Integrated Listening Systems to enhance their research and product development capability. Vendasta secured the largest-ever venture-capital investment in the Saskatchewan software industry. OUR SHAREHOLDERSABOUT CBGFCBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with investments between $3 and $20 million. An evergreen investment fund with an initial capital commitment of $545 million and projected future contributions to reach $1 billion, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.


- Published: 2020-01-28
- Modified: 2021-11-15
- URL: https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2019/

CBGF Bilan de l'annee 2019Aujourd'hui, le Fonds de croissance des entreprises du Canada (CBGF) celebre la reussite que nous, ainsi que nos societes de portefeuille, avons obtenu au cours de notre premiere annee complete d'exploitation en 2019. Nous sommes honores d'avoir ete reconnus Prestataire de l'annee par le Canadian Private Equity Summit, ayant augmente notre equipe a 20 personnes et ayant etabli un partenariat avec 8 entreprises canadiennes ambitieuses, avec des investissements totalisant 88,5 millions de dollars en capital. Nous sommes tiers des entrepreneurs que nous avons soutenus et ravis de soutenir leurs aspirations audacieuses. Points saillants de notre portefeuille en 2019Appnovation s'est developpee de 520 % au cours des cinq dernieres annees et a poursuivi son expansion geographique en ouvrant un bureau a Toronto et en nommant deux hauts dirigeants. Lift Auto Group a poursuivi son regroupement au sein de l'industrie de la reparation de carrosseries automobiles de l'Ouest canadien avec son 9e achat. Mobile Klinik a achete Device Care pour consolider sa position de chef de file national en tant que centre de reparation d'appareils mobiles et detaillant d'accessoires. PayBright, qui a ete reconnue par le Digital Finance Institute comme l'une des 50 meilleures societes de technologie financiere au Canada, a leve 34 millions de dollars en capitaux propres aupres de goeasy Ltd pour financer son portefeuille de prets a croissance rapide. Prodigy a ete reconnue par Growth 500 comme l'une des trois plus grandes entreprises a croissance rapide au Canada, ayant fait passer sa plateforme educative de 3 000 utilisateurs locaux a 50 millions dans le monde en 8 ans. Unyte a signe un partenariat strategique avec le scientifique de renommee mondiale, le Dr Stephen Porges et a achete Integrated Listening Systems pour ameliorer sa capacite de recherche et de developpement de produits. SendtoNews a ete reconnue comme etant le meilleur service video finance par la publicite en Amerique du Nord aux Cynopsis Model D Awards. Vendasta a obtenu le plus important investissement en capital de risque jamais realise dans l'industrie des logiciels de la Saskatchewan. Nos actionnairesÀ propos de CBGFLe CBGF fournit aux entrepreneurs ambitieux des capitaux minoritaires, patients et a long terme destines au financement de la croissance et du developpement des entreprises de taille moyenne par le biais d'investissements entre 3 et 20 millions de dollars. Un fonds d'investissement permanent dote d'un capital initial de 545 millions de dollars et de contributions futures prevues au montant d'un milliard de dollars, le CBGF s'engage a etablir des partenariats a long terme avec les entreprises dans lesquelles ii investit. Dans le cadre de sa mission de favoriser la croissance, le CBGF met en contact des chefs de file commerciaux et des experts de secteur pour aider les entreprises partenaires a atteindre leur plein potentiel.


- Published: 2019-11-21
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-recognized-as-the-2019-provider-of-the-year-by-the-canadian-private-equity-summit/

CBGF Recognized as the 2019 Provider of the Year by the Canadian Private Equity SummitWe are excited to announce that CBGF has been awarded the Canadian Private Equity Summit’s Provider of the Year Award for 2019! Thank you to our team for their commitment to helping mid-sized Canadian businesses grow and to our partners for their continued support. (Image Source: David Khazam, https://www. event. insightinfo. com/cpes/image-gallery)


- Published: 2019-11-06
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/ottawa-business-journal-we-need-to-build-more-companies-over-the-long-term/

Ottawa Business Journal: 'We need to build more companies over the long term'Canadian Business Growth Fund CEO and Ottawa native George Rossolatos discusses how a lack of patient capital is condeming too many of this country's startups to quick deaths - a fate his fund is determined to help its members avoid. To view the full article please click here: https://issuu. com/greatrivermedia/docs/ottawa_business_journal_november_2019/12


- Published: 2019-11-06
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/ottawa-business-journal-a-long-terme-nous-devons-developper-plus-dentreprises/

Ottawa Business Journal : « À long terme, nous devons développer plus d’entreprises »Originaire d’Ottawa, George Rossolatos, le PDG du Fonds de croissance des entreprises canadiennes explique comment un manque de capital patient condamne trop de jeunes entreprises en démarrage du pays à une mort rapide - un destin que son fonds est déterminé à éviter à ses membres. Pour voir l'article complet, veuillez cliquer ici : https://issuu. com/greatrivermedia/docs/ottawa_business_journal_november_2019/12


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/vendasta-canadas-fastest-growing-companies/

Vendasta Named One of Canada’s Fastest Growing Companies by Canadian Business and the Globe and MailRanking Canada’s Fastest Growing Companies by five-year revenue growth, the Growth 500 profiles the country’s most successful entrepreneurial businesses. Vendasta received its ranking of 134th on the list with revenue growth of more than 700 percent for the period. “To think back five years ago – 10 years ago – it’s exciting to see how much we’ve been able to grow,” said Vendasta CEO, Brendan King. “We’re lucky to have talented folks pushing us forward and building us up, helping us become the number one platform for selling digital solutions to local businesses. ” Vendasta was also ranked #203 by the Globe and Mail’s Report on Business Magazine as one of Canada’s Top Growing Companies realizing a 3 year revenue growth rate of 170%. To learn more about this announcement: https://www. vendasta. com/press-releases/vendasta-named-one-of-canadas-fastest-growing-companies Canadian Business’ Growth 500 List: https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/vendasta-designee-parmi-les-entreprises-a-la-croissance-la-plus-rapide-au-canada-par-le-magazine-canadian-business-et-le-globe-and-mail/

Vendasta désignée parmi les entreprises à la croissance la plus rapide au Canada par le magazine Canadian Business et le Globe and MailClassant les entreprises canadiennes à la croissance la plus rapide en termes de leurs revenus sur cinq ans, Growth 500 présente les sociétés aux activités entrepreneuriales les plus prospères du pays. Vendasta a été classée au 134e rang avec une croissance des revenus de plus de 700 % pour la période. « En pensant à il y a cinq ans ou même il y a dix ans, il est intéressant de constater à quel point nous avons pu nous développer », a déclaré Brendan King, PDG de Vendasta. « Nous avons la chance de compter sur des personnes talentueuses qui nous permettent d’avancer et de nous développer en nous aidant à devenir la principale plateforme de la vente de solutions numériques aux entreprises locales. » Vendasta a également été classé en 203e position par le magazine Report on Business du Globe and Mail comme étant l’une des principales entreprises en croissance au Canada, obtenant un taux de croissance de ses revenus de 170 % sur trois ans. Pour en savoir plus sur cet avis : https://www. vendasta. com/press-releases/vendasta-named-one-of-canadas-fastest-growing-companies La liste Growth 500 du magazine Canadian Business : https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/ Report on Business – Principales entreprises en croissance au Canada : https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/prodigy-education-recognized-as-one-of-canadas-top-3-fastest-growing-companies/

Prodigy Education Recognized as One of Canada’s Top 3 Fastest-Growing Companies by Canadian Business and ranked 65th by the Globe and MailProdigy Education, an award-winning educational technology company, earned a third place ranking on the annual Growth 500 list of Canada’s Fastest-Growing Companies - deeming it one of the top 3 Fastest-Growing Companies in the country. This year’s ranking also established Prodigy Education as Canada’s fastest-growing software company for the second year in a row. Prodigy Education founders, Alex Peters and Rohan Mahimker, attribute the company's successful five-year growth rate of 14,866% to its ambitious mission and dedicated team of employees. “Our entire company started with just two of us, and it’s been such a whirlwind since then,” says Mahimker. "Just two years ago, we had fewer than a hundred employees, and now we've grown to over three hundred incredibly talented team members who bring our mission to life every day. " Prodigy was also ranked 65th by the Globe and Mail’s Report on Business Magazine as one of Canada’s Top Growing Companies. To learn more about Prodigy: https://www. newswire. ca/news-releases/prodigy-education-formerly-prodigy-game-recognized-as-one-of-canada-s-top-3-fastest-growing-companies-872595903. html Canadian Business’ Growth 500 List: https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/ Report on Business – Canada’s Top Growing Companies: https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/prodigy-education-est-consideree-comme-etant-lune-des-trois-entreprises-a-la-croissance-la-plus-rapide-au-canada-selon-canadian-business-et-se-classe-au-65e-rang-du-globe-and-mail/

Prodigy Education est considérée comme étant l’une des trois entreprises à la croissance la plus rapide au Canada selon Canadian Business et se classe au 65e rang du Globe and MailProdigy Education, une entreprise de technologie éducative primée, a obtenu la troisième place de la liste annuelle des sociétés à la croissance la plus rapide au Canada, Growth 500. Elle est considérée comme étant l’une des trois plus grandes entreprises du pays. Cette année, le classement a également fait de Prodigy Education l’entreprise de logiciels à la croissance la plus rapide au Canada pour la deuxième année consécutive. Les fondateurs de Prodigy Education, Alex Peters et Rohan Mahimker, attribuent le taux de croissance réussi de la société sur 5 ans, de 14 866 %, à sa mission ambitieuse et à son équipe dévouée d'employés. « L’entreprise a fait ses débuts avec seulement nous deux et, depuis, c’est un vrai tourbillon », a déclaré Mahimker. « Il y a à peine deux ans, nous avions moins d'une centaine d'employés et nous comptons désormais plus de trois cents membres incroyablement talentueux qui donnent vie à notre mission tous les jours. » Selon le magazine Report on Business du Globe and Mail, Prodigy figure également au 65e rang des entreprises à la croissance la plus rapide au Canada. Apprenez-en davantage sur Prodigy au : https://www. newswire. ca/news-releases/prodigy-education-formerly-prodigy-game-recognized-as-one-of-canada-s-top-3-fastest-growing-companies-872595903. html La liste Growth 500 du magazine Canadian Business : https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/ Principales entreprises en croissance au Canada selon Report on Business : https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/sendtonews-ranked-as-canadas-4th-fastest-growing-company/

SendtoNews ranked as Canada’s 4th Fastest Growing Company by Canadian Business and recognized by the Globe and Mail as one of Canada’s Top Growing CompaniesSendtoNews, owner and operator of North America’s foremost digital video distribution platform, was recognized on Canadian Business and Maclean’s Growth 500, the definitive list of Canada’s fastest-growing companies for 2019. Along with this overall ranking of #4 with 13,898% revenue growth, STN ranked 1st overall in the Marketing and Media category. “Our growth is driven by our relentless commitment to serving our publishing, sales and content partners and is a reflection of the proven long-term value we bring to all of them with our digital video distribution platform” said Matthew Watson, CEO of SendtoNews. SendtoNews was also ranked 110th by the Globe and Mail’s Report on Business Magazine as one of Canada’s Top Growing Companies, realizing a 3 year revenue growth rate of 372%. To learn more about this announcement:https://www. sendtonews. com/announcements/2019/09/12/sendtonews-ranked-4th-fastest-growing-growth500-ceo-matthew-watson/ Canadian Business’ Growth 500 List:https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/ Report on Business – Canada’s Top Growing Companies:https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/sendtonews-sest-classee-au-4e-rang-en-tant-quentreprise-canadienne-a-la-croissance-la-plus-rapide-selon-le-magazine-canadian-business-et-elle-est-reconnue-par-le-globe-and-mail-comme/

SendtoNews s’est classée au 4e rang en tant qu’entreprise canadienne à la croissance la plus rapide selon le magazine Canadian Business et elle est reconnue par le Globe and Mail comme étant l’une des sociétés en forte croissance au CanadaSendtoNews, propriétaire exploitant de la principale plateforme de distribution vidéos numériques en Amérique du Nord, a été reconnue par le magazine Canadian Business et la liste Growth 500 de Maclean's, la liste définitive des entreprises canadiennes à la croissance la plus rapide en 2019. Parallèlement à ce classement général en 4e position avec une croissance des revenus de 13 898 %, STN se classe au 1er rang dans la catégorie Marketing et médias. « Notre croissance repose sur notre engagement sans faille à servir nos partenaires de l'édition, de la vente et de contenu. Elle reflète la valeur à long terme éprouvée que nous leur apportons à l’aide de notre plateforme de distribution de vidéos numériques », a déclaré Matthew Watson, PDG de SendtoNews. Selon le magazine Report on Business du Globe and Mail, SendtoNews se classe également au 110e rang des entreprises en forte croissance au Canada, enregistrant une croissance de ses revenus de 372 % sur trois ans. Pour en savoir davantage sur cet avis : https://www. sendtonews. com/announcements/2019/09/12/sendtonews-ranked-4th-fastest-growing-growth500-ceo-matthew-watson/ La liste Growth 500 du magazine Canadian Business : https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/ Principales entreprises en croissance au Canada selon Report on Business : https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/appnovation-6th-consecutive-year-canadas-fastest-growing-companies/

Appnovation Has Been Named for the 6th Consecutive Year as One of Canada’s Fastest-Growing Companies by Canadian BusinessCanadian Business and Maclean’s ranked Appnovation No. 175 on the annual Growth 500, the definitive ranking of Canada’s Fastest-Growing Companies. Appnovation made the 2019 Growth 500 list with five-year revenue growth of 520%, as well as ranking #20 on Canada’s Fastest-Growing Information Technology Companies. “We’re very proud to be featured on this list for the sixth consecutive year,” says Appnovation CEO, Arnold Leung. “Our refreshed brand reflects the growth we’ve seen across every part of our business and our commitment to helping companies achieve their own growth through digital strategy and innovation. ” To learn more about this announcement: https://www. appnovation. com/news/appnovation-ranks-no-175-2019-growth-500 Canadian Business’ Top 500 List: https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/appnovation-figure-au-palmares-des-entreprises-canadiennes-a-la-croissance-la-plus-rapide-au-canada-pour-la-sixieme-annee-consecutive/

Appnovation figure au palmarès des entreprises canadiennes à la croissance la plus rapide au Canada pour la sixième année consécutiveCanadian Business et Maclean’s ont classé Appnovation au 175e rang annuel de la liste Growth 500, le classement définitif des entreprises à la croissance la plus rapide au Canada. Appnovation figurait au palmarès 2019 de la liste Growth 500 avec une croissance de ses revenus de 520 % sur cinq ans, et se classait au 20e rang des entreprises de technologie de l’information à la croissance la plus rapide au Canada. « Nous sommes très fiers d’être sur cette liste pour la sixième année consécutive », a déclaré Arnold Leung, PDG d’Appnovation. « Notre nouvelle marque reflète la croissance que nous avons observée dans tous les secteurs d’activités de notre entreprise et de notre détermination à aider les entreprises à atteindre leur propre croissance par le biais de stratégie numérique et d'innovation. » Pour en apprendre davantage sur cet avis : https://www. appnovation. com/news/appnovation-ranks-no-175-2019-growth-500 La liste Growth 500 du magazine Canadian Business : https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-g500/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/mobile-klinik-ranked-9th-startup-50-list/

Mobile Klinik is Ranked 9th by Canadian Business Startup 50 List and recognized 12th by the Globe and Mail Report on Business’ MagazineThe Startup 50 list recognizes the fastest-growing start ups in the country, ranking younger companies on two-year revenue growth. “Earning a spot on this list is something we’re very proud of and we are grateful for the attention that our bold vision to become Canada’s pre-eminent and most trusted professional smartphone repair care, sales and services network has received. Congratulations to the whole Mobile Klinik team for achieving the #9 ranking on Canadian Business’ Startup 50 list of Canada’s top new growth companies,” says CEO of Mobile Klinik, Tim McGuire. “Two-year revenue growth of 1,323% - and lots more to come! ” Mobile Klinik was also ranked 12th by the Globe and Mail’s Top Growing Companies list, with 240 employees and a 3-year revenue growth of 3,206%. Canadian Business – Startup 50 List: https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-startup-50/ Report on Business – Canada’s Top Growing Companies: https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/mobile-klinik-est-classee-9e-sur-la-liste-startup-50-du-canadian-business-et-12e-par-le-magazine-report-on-business-du-globe-and-mail/

Mobile Klinik est classée 9e sur la liste Startup 50 du Canadian Business et 12e par le magazine Report on Business du Globe and MailLa liste Startup 50 reconnaît les entreprises en démarrage qui connaissent la croissance la plus rapide au pays, classant les plus jeunes entreprises selon l’augmentation de leurs revenus sur deux ans. « Nous sommes très fiers d’avoir une place sur cette liste. Nous sommes reconnaissants de l’attention que nous apporte notre vision audacieuse de devenir le réseau canadien d’assistance, de vente et de services de réparation de téléphones intelligents de premier plan et des plus fiables. Félicitations à l’ensemble de l’équipe de Mobile Klinik pour avoir atteint le 9e rang parmi les principales nouvelles entreprises canadiennes en forte croissance de la liste Startup 50 du Canadian Business », a déclaré Tim McGuire, PDG de Mobile Klinik. « Une croissance des revenus de 1 323 % sur deux ans - et beaucoup d’autres choses à venir! » Mobile Klinik figure également au 12e rang de la liste Top Growing Companies du Globe and Mail, avec 240 employés et une croissance de ses revenus de 3 206 % sur 3 ans. La liste Startup 50 du magazine Canadian Business : https://www. canadianbusiness. com/lists-and-rankings/growth-500/2019-ranking-startup-50/ Principales entreprises en croissance au Canada selon Report on Business : https://www. theglobeandmail. com/business/rob-magazine/article-canadas-top-growing-companies/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/paybright-raises-34-million-in-growth-equity-financing-and-named-top-50-fintech-companies-canada/

PayBright Raises $34 Million in Growth Equity Financing and Named as One of the Top 50 FinTech Companies in CanadaPayBright, a Canadian fintech lending and payments provider announced that it has raised $34 million in growth equity financing from goeasy Ltd. The transaction adds to a recent financing led by the Canadian Business Growth Fund and with participation from PayBright’s existing investors, including iA Financial Group. The total equity raised in the two transactions totals $60 million. Recently named one of Canada's Top 50 Fintech Companies by the Digital Finance Institute, PayBright has a rapidly growing network of over 4,700 merchant partners across Canada and has approved over $1 billion in credit for over 250,000 Canadians. “This minority investment by goeasy provides us with additional growth capital to build our merchant and consumer network and to further invest in our technology platform and user experience,” said Wayne Pommen, President & CEO of PayBright. “We are pleased to have goeasy join the high-quality investor group that has supported our rapid growth in Canada over the past few years. ” To learn more about this announcement: https://www. newswire. ca/news-releases/paybright-raises-34-million-in-growth-equity-financing-from-goeasy-ltd--804496228. html Digital Finance Institute Top 50 Fintech Companies List: https://betakit. com/digital-finance-institute-names-canadas-top-50-fintech-companies-for-2019/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/paybright-amasse-34-millions-de-dollars-en-financement-par-actions-de-croissance-et-se-classe-parmi-les-50-plus-grandes-entreprises-de-technologies-financieres-au-canada/

PayBright amasse 34 millions de dollars en financement par actions de croissance et se classe parmi les 50 plus grandes entreprises de technologies financières au CanadaPayBright, un prestataire de services de prêts et de paiements de technologie financière canadienne, a annoncé avoir amassé 34 millions de dollars de financement par actions de croissance auprès de goeasy Ltd. La transaction s’ajoute à un financement récent dirigé par le CBGF et auquel ont participé les investisseurs existants de PayBright, notamment iA Groupe financier. Les capitaux totaux réunis des deux transactions totalisent 60 millions de dollars. Récemment désigné par le Digital Finance Institute comme étant l'une des 50 meilleures entreprises de technologie financière au Canada, PayBright dispose d'un réseau en pleine croissance de plus de 4 700 partenaires marchands à travers le Canada et a approuvé pour plus d'un milliard de dollars en crédit à plus de 250 000 Canadiens. « Cet investissement minoritaire de goeasy nous fournit un capital de croissance supplémentaire pour élaborer notre réseau de marchands et de consommateurs et pour investir davantage dans notre plateforme technologique et notre expérience utilisateur », a déclaré Wayne Pommen, président et chef de la direction de PayBright. « Nous sommes heureux que goeasy se joigne au groupe d'investisseurs de grande qualité qui soutient notre croissance rapide au Canada au cours des dernières années. » Pour en apprendre davantage sur cet avis : https://www. newswire. ca/news-releases/paybright-raises-34-million-in-growth-equity-financing-from-goeasy-ltd--804496228. html Liste Digital Finance Institute Top 50 Fintech Companies : https://betakit. com/digital-finance-institute-names-canadas-top-50-fintech-companies-for-2019/


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/unyte-mike-kessel-ceo-of-cleveland-clinic-canada-as-the-newly-appointed-chair-of-the-board/

Unyte Announces Mike Kessel, CEO of Cleveland Clinic Canada, as the Newly Appointed Chair of the BoardUnyte Health Inc. acquired Integrated Learning Systems (“iLs”) which provides a holistic brain training program for improving cognition and emotional health. Operating since 2007, iLs has established a strong network of healthcare professionals, selling to over 10,000 clinics, therapists, and psychologists servicing children with ADHD, autism and learning disabilities. The iLS acquisition adds 14 employees to the Unyte team based in Denver, Colorado, growing their team to 25 people across Canada and the United States. Unyte Health Inc. is thrilled to announce Mike Kessel, President and CEO of Cleveland Clinic Canada, being named Chair of the Board of Directors. Jason Tafler, CEO of Unyte says, “It is really exciting to have Mike join as our Board Chair. Mike brings incredible depth of healthcare experience and expertise to Unyte, which will help us build momentum and grow our business. ” In addition to Mike Kessel, Jason Tafler continues to build a strong team for the Unyte head office with the addition of Lori Litman as VP, Marketing and Culture and Jonathan Tafler as VP, Strategy & Corporate Development. Click here to learn more about Unyte: https://unyte. com/ Click here to learn more about Integrated Learning Systems: www. integratedlistening. com


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/unyte-annonce-la-nomination-de-mike-kessel-pdg-de-cleveland-clinic-canada-au-poste-de-president-du-conseil-dadministration/

Unyte annonce la nomination de Mike Kessel, PDG de Cleveland Clinic Canada, au poste de président du conseil d'administrationUnyte Health Inc. a acquis Integrated Learning Systems (« iLs »), un programme de formation cérébrale holistique destiné à améliorer la cognition et la santé émotionnelle. En activité depuis 2007, iLs a mis en place un solide réseau de professionnels de la santé, regroupant plus de 10 000 cliniques, thérapeutes et psychologues au service des enfants atteints de TDAH, de troubles de l'autisme et d'apprentissage. L’acquisition d’iLs ajoute 14 employés à l’équipe Unyte basée à Denver, au Colorado, ce qui porte l’équipe à 25 personnes au Canada et aux États-Unis. La société Unyte Health Inc. est heureuse d'annoncer que Mike Kessel, PDG de Cleveland Clinic Canada, a été nommé président du conseil d'administration. Jason Tafler, PDG d'Unyte, a déclaré : « Nous sommes vraiment très heureux de voir Mike se joindre au conseil d'administration. Mike apporte à Unyte une profondeur et une expertise incroyables dans le domaine des soins de santé, ce qui nous aidera à créer un élan et à développer notre entreprise. » En plus de Mike Kessel, Jason Tafler continue de constituer une équipe solide pour le siège social d'Unyte, avec l'ajout de Lori Litman en tant que vice-présidente du marketing et de la culture et de Jonathan Tafler en tant que vice-président de la stratégie et du développement de l'entreprise. Pour en savoir davantage sur Unyte, veuillez cliquer ici : https://unyte. com/ Pour en savoir davantage sur Integrated Learning Systems, veuillez cliquer ici : www. integratedlistening. com


- Published: 2019-11-04
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/lift-auto-group-announces-their-9th-acquisition-to-date/

Lift Auto Group Announces their 9th Acquisition to DateLift Auto Group, was started in 2016 in Kelowna, BC, with a goal of building a leading business in the Canadian automotive collision repair industry. Since CBGF’s investment in September 2018, Lift has added 5 new locations now totalling to 10 auto collision repair centres across Canada, 7 in British Columbia and 3 in Alberta. With these add-on acquisitions, Lift has more than doubled their size, growing from 55 employees to 120, with a run rate revenue of $19. 1 million. To learn more: https://liftautogroup. com/


- Published: 2019-11-04
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/lift-auto-group-annonce-sa-9e-acquisition-a-ce-jour/

Lift Auto Group annonce sa 9e acquisition à ce jourLift Auto Group a été lancé en 2016 à Kelowna, en Colombie-Britannique, dans le but de créer une entreprise de premier plan dans le domaine de la réparation de carrosseries au Canada. Depuis l’investissement de CBGF en septembre 2018, Lift a ajouté 5 nouveaux sites à son réseau, pour un total de 10 centres de réparation automobile au Canada, 7 en Colombie-Britannique et 3 en Alberta. Grâce à ces acquisitions supplémentaires, Lift a plus que doublé sa taille, passant de 55 employés à 120, avec un chiffre d'affaires de 19,1 millions de dollars. Pour en apprendre davantage : https://liftautogroup. com/


- Published: 2019-09-17
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/listen-to-the-podcast-how-cbgf-is-making-an-impact-in-british-columbia/

Listen to the Podcast: How CBGF is Making an Impact in British ColumbiaCanadian Business Growth Fund CEO George Rossolatos (9:59) offers insights into what makes B. C. a unique ecosystem for investing in companies — to the tune of nearly $30 million, in the case of his Toronto-based organization. To hear the full podcast please click here: https://omny. fm/shows/biv-today/a-new-push-for-inclusivity-in-the-workplace? t=9m59s


- Published: 2019-06-27
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/watch-the-webcast-george-rossolatos-at-the-canadian-club-toronto/

Watch the Webcast: George Rossolatos at the Canadian Club TorontoFixing Canada’s Growth Capital Gap: How CBGF Is Emboldening Entrepreneurs To Think Bigger CBGF’s CEO, George Rossolatos, shares the story of the Fund’s emergence, its early success, and describe the critical role we all play in helping Canadian entrepreneurs to “think bigger”. To view the full webcast please click here: https://www. mediaevents. ca/canadianclub-20190625/


- Published: 2019-06-20
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/evergreen-fund-fills-growth-capital-gap-for-canadian-entrepreneurs/

Evergreen fund fills growth capital gap for Canadian entrepreneursGeorge Rossolatos, CEO of the Canadian Business Growth Fund, joins BNN Bloomberg to recap their first-year of operations. To view the full interview please click here: https://www. bnnbloomberg. ca/video/evergreen-fund-fills-growth-capital-gap-for-canadian-entrepreneurs~1711083


- Published: 2019-06-20
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/le-fonds-permanent-comble-le-deficit-de-capital-de-croissance-des-entrepreneurs-canadiens/

Le fonds permanent comble le déficit de capital de croissance des entrepreneurs canadiens. George Rossolatos, PDG du Canadian Business Growth Fund, se joint à BNN Bloomberg pour résumer les activités de la première année du fonds. Pour voir l'entrevue complète, veuillez cliquer ici : https://www. bnnbloomberg. ca/video/evergreen-fund-fills-growth-capital-gap-for-canadian-entrepreneurs~1711083


- Published: 2019-06-19
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-celebrates-one-year-since-launch-anniversary/

CBGF Celebrates One-Year since Launch AnniversaryToday the Canadian Business Growth Fund celebrates our one-year anniversary since launch of the Fund on June 19th, 2018. Since then, CBGF has been busy building our team to 18 employees who have all contributed to our new partnerships with 6 growing Canadian companies including 1 follow on investment, totaling over $63 million of invested capital to date. Looking back on our progress from our first year, we are proud of the entrepreneurs we have backed and excited to help them achieve their bold plans for growth. Thank you to all our stakeholders, partners, advisors and all of those who have shown support throughout our first year. INVESTMENTSLift Auto Group is a Kelowna-based consolidator of automotive collision repair centres across Western Canada. PayBright is a technology-enabled point-of-sale real-time consumer payments platform making purchases more affordable for customers. Prodigy is an education technology game-based learning platform that helps students practice mathematics. Mobile Klinik is one of Canada's leading professional smartphone and tablet repair, care and sales and services retailer. Unyte provides a suite of neural solutions to the mental health care industry by helping clinicians deliver better outcomes for patients with mental health challenges. SendtoNews is a Victoria-based digital video distribution platform, partnering with over 75 sports leagues and content providers across North America. CBGF IN THE NEWSFinancial Post “Growth fund backed by big banks looking to pick up the pace of investment” Learn moreTheFutureEconomy. ca “Spotlight on Entrepreneurs Thinking Big: SMEs: Scaling-up, Exporting and Staying Canadian” learn moreTheFutureEconomy. ca “Spotlight on Scaling Canada’s SMEs: Bridging Canada’s SME Growth Capital and Skills Gaps” Learn moreC. D. Howe Institute “Entrepreneurial Finance and Economic Growth: A Canadian Overview” Learn moreBNN Bloomberg “Closing the financing gap facing Canadian businesses looking to grow” Learn moreCBGF TEAMOUR SHAREHOLDERSABOUT CBGFCBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with an initial capital commitment of $545 million and projected future contributions to reach $1 billion, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.


- Published: 2019-06-19
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/cbgf-celebre-le-premier-anniversaire-de-son-lancement/

CBGF célèbre le premier anniversaire de son lancementAujourd’hui, le Fonds de croissance des entreprises du Canada célèbre le premier anniversaire de son lancement le 19 juin 2018. Depuis, le CBGF s’est employé à former son équipe de 18 employés qui ont tous contribué à ses nouveaux partenariats auprès de 6 entreprises canadiennes en croissance, dont un investissement de suivi, totalisant plus de 63 millions de dollars de capitaux investis à ce jour. En examinant nos progrès depuis notre première année, nous sommes fiers des entrepreneurs que nous avons soutenus et heureux de les aider à réaliser leurs plans de croissance audacieux. Merci à tous nos actionnaires, partenaires, conseillers et à tous ceux qui nous ont apporté leur soutien tout au long de notre première année. InvestissementsLift Auto Group est un consolidateurde de centres de réparation de carrosserie autombile dans l'Ouest canadien, basé à Kelowna. PayBright est une plate-forme de point de vente technohabilité de paiements qui rend les achats plus aborables pour les consommateurs. Prodigy est une plate-forme d'apprentissage basée sur un jeu de technologies éducatives qui aide les élèves à pratiquer les mathématiques. Mobile Klinik est l'un des principaux détaillants professionnels au Canada dans le domaine de la réparation, du service et de la vente de téléphones intelligents et de tablettes. Unyte fournit une série de solutions neuronales au secteur des soins de santé mentale en aidant les cliniciens à obtenir de meilleurs résultats pour les patients présentant des problèmes de santé mentale. SendtoNews est une plate-forme de distrubution de vidéos numériques basée à Victoria, qui s'est associée à plus de 75 ligues sportives et fournisseurs de contenu à travers l"amerérique du Nord. L’équipe CBGFNos actionnairesÀ propos de CBGFLe CBGF fournit aux entrepreneurs ambitieux des capitaux minoritaires, patients et à long terme destinés au financement de la croissance et du développement des entreprises de taille moyenne par le biais d’investissements entre 3 et 20 millions de dollars. Un fonds d’investissement permanent doté d’un capital initial de 545 millions de dollars et de contributions futures prévues au montant d’un milliard de dollars, le CBGF s’engage à établir des partenariats à long terme avec les entreprises dans lesquelles il investit. Dans le cadre de sa mission de favoriser la croissance, le CBGF met en contact des chefs de file commerciaux et des experts de secteur pour aider les entreprises partenaires à atteindre leur plein potentiel.


- Published: 2019-04-05
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/les-entrepreneurs-canadiens-peuvent-evoluer-a-long-terme-sans-renoncer-au-controle-de-leurs-entreprises/

Les entrepreneurs canadiens peuvent évoluer à long terme sans renoncer au contrôle de leurs entreprisesDe nombreux entrepreneurs ambitieux doivent obtenir du financement pour contribuer à la croissance de leur entreprise. Ceux qui sont confrontés à ce dilemme se sont traditionnellement tournés vers des sociétés de rachat, tant au Canada qu’aux États-Unis, pour financer leur croissance, car c’était la principale solution disponible. Cependant, de ce fait, ils renonçaient au contrôle de leurs entreprises. Par conséquent, les entreprises canadiennes du marché intermédiaire ont toujours hésité à obtenir du financement, car elles disposent de peu d'options en matière de capital patient, minoritaire et à long terme pour contribuer à combler l'écart en matière de capital de croissance et à développer leurs activités sans en céder le contrôle, tel qu’il est indiqué dans cet article. De plus, beaucoup d’entreprises canadiennes qui pourraient se développer ne profitent donc pas des possibilités qui s’offrent à elles. En fait, ce manque de développement, entre autres, représente désormais 20 % de l’écart de productivité de la main-d’œuvre entre les entreprises canadiennes et américaines. Céder le contrôle peut potentiellement mettre les entrepreneurs en danger Dans certains cas, il peut être judicieux qu'un entrepreneur renonce au contrôle de son entreprise. En effet, ce peut être une excellente solution pour ceux qui veulent vendre dans un délai de 3 à 5 ans, ou pour ceux qui approchent de la retraite. Mais ce n’est pas la bonne décision pour tous – surtout pour les jeunes entrepreneurs d’entreprises de taille moyenne qui planifient à long terme pour développer leur entreprise. De plus, renoncer au contrôle de son entreprise expose davantage un entrepreneur à plusieurs risques potentiels : Ils peuvent être remplacés : Il existe de nombreux exemples de PDG qui ont été démis de leurs fonctions après avoir défié un actionnaire majoritaire, pour des raisons allant de différends stratégiques à un mauvais trimestre ou tout simplement à un désir de changement de leadership. En fait, selon une étude de la Harvard Business Review, 50 % des fondateurs ne sont plus PDG après la troisième année. Leur endettement pourrait limiter leur croissance : Les entrepreneurs qui souhaitent se développer avec un investisseur de contrôle ont habituellement une dette importante à rembourser et, par conséquent, moins d’argent à investir dans l’entreprise. Être surendetté augmente la difficulté pour une entreprise de passer au travers des hauts et des bas des cycles économiques La société ne réalisera probablement pas son potentiel dans un court laps de temps : Les fonds de rachat sont structurés de manière à investir sur une période de 3 à 5 ans avant d’être contraints de forcer une vente. Vers le milieu de cette période, les fonds commencent à servir à la préparation d’une vente éventuelle et tout investissement sans période de récupération rapide est souvent négligé. Par conséquent, il est peu probable que la société atteigne son plein potentiel, le capital étant affecté au service de la dette et les investissements en capital étant réduits. Le développement des grandes entreprises se fait sur des décennies. Une nouvelle voie de croissance selon un horizon à long terme et un partenaire de confiance Le Fonds de croissance des entreprises canadiennes (CBGF) a été spécialement créé pour fournir un capital minoritaire, patient et à long terme aux entrepreneurs ambitieux dans le but de financer la croissance et l'expansion de leurs petites et moyennes entreprises, sans avoir à en abandonner le contrôle. Nous nous sommes engagés à être des partenaires de soutien à long terme pour les entrepreneurs qui respectent nos valeurs – et nous fournissons des conseils et un soutien à chaque étape du processus. En tant qu’investisseur minoritaire, le CBGF ne peut chercher à remplacer la direction. En revanche, nous travaillons avec nos partenaires entrepreneurs pour contribuer à réunir les mentors et les conseillers appropriés afin de les aider à acquérir les compétences nécessaires pour faire face aux énormes défis auxquels ils seront confrontés. Aider les entrepreneurs à transformer leurs petites entreprises en grandes est le seul moyen pour que le Canada produise davantage de grands chefs de grandes entreprises. De plus, le CBGF ne compte pas sur des niveaux d’endettement élevés pour maximiser les rendements à court terme. Nous ne sommes pas des ingénieurs financiers et ne souhaitons pas que l’entreprise soit à risque d’être surendettée. Par le biais d’une approche plus prudente des niveaux d'endettement, les entrepreneurs sont mieux en mesure de résister aux tempêtes économiques et d'investir davantage dans la croissance de leur entreprise. Enfin, en tant que fonds permanent sans période fixe de placement de notre capital, nous laissons à l’entrepreneur le choix du moment propice pour de vendre. Le CBGF peut être un partenaire pour une période de cinq, dix, quinze ans ou plus si cette association est jugée optimale pour l’entreprise, ce qui donne à l’entrepreneur amplement de temps pour se concentrer sur la réalisation de ses objectifs de croissance. Puisque le CBGF aide les petites entreprises à devenir de grandes entreprises au fil du temps, tout en permettant aux entrepreneurs de garder le contrôle de leurs entreprises, l'économie canadienne en sera le bénéficiaire ultime. Les PME génèrent plus de la moitié de notre PIB. Au fur et à mesure que cette catégorie de notre économie se développe, la création d'emplois s'accroît, entraînant une plus grande prospérité du Canada. Nous espérons que les efforts du CBGF aideront un plus grand nombre d’entreprises canadiennes à devenir des chefs de file mondiaux de leurs industries, ce qui permettra au Canada de devenir une force mondiale pour développer nos entreprises locales.


- Published: 2019-04-02
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/canadian-entrepreneurs-scale-long-term/

Canadian entrepreneurs can scale up over the long-term without giving up controlMany ambitious entrepreneurs need to raise money to help drive the growth of their business. Those faced with this dilemma have traditionally turned to buyout firms in both Canada and the U. S. to fund their growth as it was the primary solution available. However, in doing so, they gave up control of their companies. As a result, Canadian mid-market companies have historically been reluctant to raise funds, as they have few options for patient, long- term, minority capital to help close the growth capital gap and scale up their business without giving up control, as outlined in this article. What’s more, many Canadian companies that could scale up therefore don’t take advantage of the opportunity in front of them. In fact, this lack of scale now accounts for 20 per cent of the labour productivity gap between Canadian and U. S. businesses, among other concerns. Giving up control has the potential to put entrepreneurs at risk There are certainly some instances where it may make sense for an entrepreneur to give up control of their company. Indeed, it can be a great solution for those who want to exit within a 3-5-year window, or for those nearing retirement. But it’s not the right decision for everyone – particularly when it comes to younger entrepreneurs of mid-sized companies who have longer time horizons in which to grow their business. Further, giving up control of their company makes an entrepreneur more susceptible to several potential risks: They can be replaced: There are many examples of CEOs who have been let go after taking on a majority shareholder, with reasons ranging from strategy disputes and having a bad quarter to simply a desire for a change in leadership. In fact, according to research in the Harvard Business Review, 50 per cent of founders are no longer the CEO by year three. Their debt load could constrain their growth: Entrepreneurs who want to grow with a control investor typically have significant debt they must service, and therefore have less cash to invest in the business. Being over-leveraged will also make it more challenging for a company to survive the ups and downs of economic cycles. The company likely won’t achieve its full potential in a short time period: Buyout funds are structured to seek out 3-5-year investment windows before being compelled to force an exit. By the midpoint in this time period, funds are beginning to prepare for an eventual sale and any investments without very quick payback periods are often overlooked. As a result, the company is not likely to reach its full potential as capital is allocated to debt service and capital investment is curtailed. Great companies are built over decades. A new path to growth with a long-term horizon and a trusted partner The Canadian Business Growth Fund (CBGF) was specifically created to provide long-term, patient, minority capital to ambitious entrepreneurs to fund the growth and expansion of their small to medium-sized enterprises, without having to give up that control. We are committed to being supportive, long-term minority partners to entrepreneurs who are aligned with our values – and we’ll provide advice and support every step of the way. As a minority investor, the CBGF cannot seek to replace management. In contrast, we work with our entrepreneur partners to help bring the appropriate mentors and advisors to the table to help them gain the skills needed to face the formidable scale up challenges they will face. The only way Canada will produce more great leaders of large companies is to support entrepreneurs on their path from growing their small companies into big ones. In addition, the CBGF does not count on high leverage levels to maximize short term returns. We are not financial engineers and do not want the company at risk of being over-levered. With a more conservative approach to debt levels, entrepreneurs are better able to weather economic storms, and invest more into the growth of their business. Lastly, as an evergreen fund with no fixed period of time to invest our capital, we let the entrepreneur decide when the time is right for exit. The CBGF can be a partner for five, 10, 15 years or longer if it is deemed optimal for the company which provides them with ample opportunity to focus on attaining their growth objectives. As the CBGF helps small companies become large companies over time, while keeping entrepreneurs in control of their companies, the Canadian economy will be the ultimate beneficiary. SME’s drive more than half our GDP. As this category of our economy grows, job creation expands, resulting in greater Canadian prosperity. It is our hope that the CBGF’s efforts can help more Canadian companies become global leaders in their industries, resulting in Canada becoming a global force in scaling up our home-grown enterprises.


- Published: 2019-02-06
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-2018-year-in-review/

CBGF 2018 Year in Review Completed raise of $545 million evergreen fund with the goal of supporting Canadian entrepreneurs to reach their full potential Launched Canadian Business Growth Fund in June 2018 Completed two investments, deploying over $26 million Expanded our team to 16 members INVESTMENTS Lift Auto Group is a Kelowna-based consolidator of automotive collision repair centers across Western Canada. PayBright is a technology-enabled point-of-sale real-time consumer payments and lending platform based in Toronto, ON. SENIOR TEAM Helen Burton Mark D'Silva Karoline Elkind Nathalie Mercure George Rossolatos Dale Tingley Hai Tran-Viet OUR SHAREHOLDERS ABOUT CBGF CBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with an initial capital commitment of $545 million and projected future contributions to reach $1 billion, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.


- Published: 2019-02-06
- Modified: 2023-12-22
- URL: https://cbgf.com/fr/news-insights/bilan-de-lannee-2018/

Bilan de l’année 2018 Levée de fonds permanents de 545 millions de dollars dans le but d’aider les entrepreneurs canadiens à atteindre leur plein potentiel Lancement du Fonds de croissance des entreprises canadiennes en juin 2018 Participation à deux investissements, déployant plus de 26 millions de dollars Croissance de notre équipe à 16 membres Investissements Lift Auto Group est un consolidateur de centres de réparation de carrosseries à travers l’Ouest canadien, situé à Kelowna PayBright est une plate-forme de point de vente technohabilité de paiements et de prêts aux consommateurs en temps réel basée à Toronto, en Ontario. L’équipe de direction Helen Burton Mark D'Silva Karoline Elkind Nathalie Mercure George Rossolatos Dale Tingley Hai Tran-Viet Nos Actionnaires Á propos de CBGF Le Fonds de croissance des entreprises canadiennes (« CBGF ») offre des capitaux patients, minoritaires et à long terme aux entrepreneurs ambitieux pour financer la croissance et le développement de leurs entreprises de taille moyenne. En tant que fonds d’investissement permanent doté d’un capital initial de 545 millions de dollars et de contributions futures prévues d’un milliard de dollars, CBGF s’engage à établir des partenariats à long terme avec les sociétés dans lesquelles elle investit.


- Published: 2019-01-30
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-souligner-une-etape-importante/

Le Fonds de croissance des entreprises canadiennes : Souligner une étape importanteLes derniers mois ont été extrêmement chargés pour l'équipe du Fonds de croissance des entreprises canadiennes (CBGF). Depuis notre lancement en juin 2018, nous avons été très heureux de la réponse positive reçue. Notre mandat, qui consiste à fournir un capital à long terme, patient et minoritaire, à des entrepreneurs ambitieux qui dirigent des entreprises de taille moyenne, a clairement résonné dans le monde des affaires canadien. Nous sommes heureux que notre vision soit devenue une réalité avec notre premier investissement. Récemment, nous avons conclu notre premier investissement avec Lift Auto Group, situé à Kelowna en Colombie-Britannique, en lui fournissant 15 millions de dollars pour soutenir sa stratégie de regroupement de l’industrie de la réparation de carrosserie dans l’Ouest canadien. En retour, CBGF bénéficie d’une participation minoritaire au sein de la société et d’un siège au conseil d'administration que nous utiliserons pour offrir des conseils stratégiques, de l’encadrement et l’accès à notre réseau. Comme je l’ai précédemment indiqué, il est essentiel de soutenir la croissance des petites et des moyennes entreprises (PME) canadiennes, comme Lift. En effet, ces entreprises sont le véritable moteur de notre économie, représentant plus de la moitié de notre PIB. Les PME représentent 99,7 % de toutes les entreprises au Canada et emploient 90,3% de l'ensemble de la main-d'œuvre du secteur privé. Pourtant, pendant trop longtemps, ces entreprises ont été privées de tout capital et n’ont pas reçu les conseils et le mentorat nécessaires pour faire face aux défis de l’évolution. C’est précisément pour relever ces défis que le CBGF a été créé et pour combler le déficit en capital de croissance. Lift possède et exploite actuellement sept ateliers de réparation de carrosserie dans l'Ouest canadien, dont trois à Kelowna, et a réuni des fonds pour mettre en œuvre sa stratégie de croissance consistant à acquérir 8 à 10 ateliers supplémentaires chaque année dans l'Ouest canadien. Le partenariat entre Lift et CBGF porte déjà ses fruits : Lift a conclu une acquisition importante à Edmonton quelques jours après notre investissement, une autre à Victoria quatre semaines plus tard et l’entreprise continue de constituer un solide portefeuille d’acquisitions. Lift est dirigé par Mark Reineking et Michael Schurink, qui ont tous deux grandi dans des familles d’entrepreneurs qui possédaient des entreprises au sein de l’industrie de la réparation de carrosserie. Mark et Michael, ainsi que leur équipe, utilisent leur expérience pour adopter une approche sophistiquée afin de devenir un acteur de premier plan dans une industrie extrêmement fragmentée et de plus en plus complexe. La force de l’équipe de Lift met en évidence l’un des piliers de la philosophie d’investissement de CBGF. Nous ne soutenons pas seulement les entreprises, nous soutenons les gens. L’équipe de Lift est ambitieuse et possède le caractère, les compétences et l’expérience nécessaires pour réaliser sa vision. L’alignement stratégique et culturel est une priorité pour nous, comme pour Lift. Nous sommes fermement convaincus que le partage de valeurs communes constitue la base de partenariats solides et fructueux. En fait, l'alignement sur nos valeurs contribue à orienter nos décisions d'investissement : Intégrité : Nous travaillons en partenariat avec des entreprises en qui nous avons confiance et qui peuvent nous faire confiance. Excellence : Nous travaillons avec des équipes qui s'efforcent d'être les meilleures et qui aspirent à devenir des chefs de file de leur industrie, tout comme nous le fa Responsabilité : Nos partenaires doivent être disposés à rendre compte de leurs décisions, de leurs actions et de leur rendement, comme nous le faisons auprès de nos investisseurs et de nos sociétés bénéficiaires. Partenariat : Un partenariat avec nous signifie s’assurer d’une communication ouverte pour atteindre des objectifs communs. Nous traitons nos sociétés bénéficiaires comme nos partenaires, tout comme nous le faisons avec nos employés et nos investisseurs, et nous nous attendons à la même chose de la part de nos sociétés bénéficiaires. Passion : Nous voulons que nos partenaires croient en ce qu’ils font et se soucient de ce qu’ils essaient d’accomplir, car nous le faisons et nous avons leurs intérêts à cœur. Une des principales motivations de la création du CBGF visait à offrir aux entreprises canadiennes une plus grande possibilité de se développer et de devenir des champions de premier plan aux niveaux national et mondial, en les encourageant à être audacieuses et ambitieuses. Lift est un exemple de la façon dont nous pouvons encourager les entrepreneurs à « voir grand » tout en accédant au capital, aux talents et aux conseils nécessaires pour faire progresser leur entreprise et, surtout, garder le contrôle de leur entreprise. Lift était sur le point de vendre 70 % de ses droits de propriété et de réunir plus d’argent que ce dont la société avait besoin parce que c’était la seule option disponible. Grâce à la transaction CBGF, l'équipe de Lift a réuni le capital dont elle avait besoin, elle a gardé le contrôle de l'entreprise et a acquis un partenaire à long terme. Nous sommes honorés de faire partie de l'équipe Lift. Ils ont pris un bon départ et sont en voie de concrétiser leur vision. Nous sommes très enthousiasmés par ce premier partenariat. Nous sommes impatients de jouer un rôle important en aidant de nombreuses autres entreprises canadiennes de taille moyenne à « voir grand » au cours des mois et des années à venir.


- Published: 2018-12-11
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-marking-significant-milestone-lift/

Canadian Business Growth Fund: Marking a Significant MilestoneThe last few months have been extremely busy for the Canadian Business Growth Fund (CBGF) team. Since our launch in June we have been thrilled with the positive response we have received. Our mandate to provide long-term, patient, minority capital to ambitious entrepreneurs leading mid-sized businesses has clearly resonated across the Canadian business community. We are excited that our vision has now become a reality with our first investment. We recently closed our first investment with Lift Auto Group (Kelowna, B. C. ), providing $15 million to support its strategy of consolidating the auto collision repair industry in Western Canada. In return, CBGF receives a minority ownership interest in the company and a board seat that we will use to provide strategic advice, guidance and access to our network. As I have previously discussed, supporting the growth of Canadian small-to-medium enterprises (SMEs), like Lift, is imperative. Indeed, these companies are the true lifeblood of our economy, driving more than half of our GDP. SMEs represent 99. 7 per cent of all businesses in Canada -- and employ 90. 3 per cent of our entire private sector labour force. Yet for too long, these enterprises have been capital-starved and have not received the guidance and mentorship required to navigate the challenges of scaling up. These are precisely the challenges the CBGF has been created to address and the growth capital gap it intends to close. Lift currently owns and operates seven auto collision repair shops in Western Canada, including three in Kelowna, and it raised capital to execute on its growth strategy of acquiring 8-10 additional shops each year across Western Canada. The partnership between Lift and CBGF is already yielding results: Lift closed a significant acquisition in Edmonton within days of our investment, added another in Victoria four weeks later, and continues to build out a robust acquisition pipeline. Lift is lead by Mark Reineking and Michael Schurink, who both grew up in entrepreneurial families that owned businesses in the collision repair sector. Mark and Michael, along with their team, are utilizing their experience to bring a sophisticated approach to become a leading player in a highly fragmented, and increasingly complex industry. The strength of Lift’s team highlights a cornerstone of CBGF’s investment philosophy. We don’t just back companies, we back people. Lift’s team is ambitious and has the character, skill, and experience to achieve their vision. Strategic and cultural alignment is a priority for us, as it is for Lift. We firmly believe that sharing common values builds the foundation for strong, successful partnerships. In fact, alignment with our values helps to drive our investment decisions: · Integrity: We partner with companies that we trust, and who can put their trust in us. · Excellence: We work with teams that strive to be the best they can be, and who aspire to become leaders in their industries, just as we do. · Accountability: Our partners must be willing to be accountable for their decisions, their actions and their performance, as we are in turn, to our investors and investee companies. · Partnership: Partnership to us means ensuring open communication to achieve common goals. We treat our investee companies as our partners, as we do our employees and investors, and we look for the same in return from our investees. · Passion: We want our partners to believe in what they’re doing and care about what they’re trying to accomplish, because we do, and we have their interests at heart. A primary motivation for the creation of CBGF was to provide Canadian companies with a greater opportunity to scale and become leading national and global champions, encouraging them to be bold and ambitious in the process. Lift is an example of how we can encourage entrepreneurs to “Think Big” while accessing the capital, talent, and guidance required to take their businesses to the next level – and importantly, keep control of their companies. Lift was about to sell 70 per cent of its ownership – and raise more money than the company required – because that was the only option available. With the CBGF transaction, the Lift team raised the capital they needed, kept control of the business, and gained a long-term partner. We are honoured to be part of the Lift team. They are off to a strong start and on their way to realizing their vision. We look forward to playing a meaningful role in helping many other Canadian mid-size companies “Think Big” in the months and years to come.


- Published: 2018-10-30
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/canadian-entrepreneurs-growth-capital/

Providing Canadian entrepreneurs access to the growth capital they need to scale upThere’s no question that Canada is good at getting companies off the ground. In fact, we’re ranked second in the world by the World Economic Forum when it comes to the ease of establishing a new firm. There are more than a million small and medium-sized businesses in Canada today, driving more than half of our GDP. Yet while we may be great at kick-starting new businesses, we’re not as good at actually growing them. As detailed in a report by the Minister of Finance’s Advisory Council on Economic Growth, the struggle for businesses to scale up is an issue in this country for many reasons, including our small and often fragmented local markets, a shortage of experienced talent, and business owners’ aversion to risk. But arguably, the most pressing issue facing small firms has been the lack of accessible, long-term capital. In fact, while many mid-market Canadian companies have identified growth as their primary objective, a shortage of capital to fund that growth has meant that many entrepreneurs are unable to scale-up to achieve the opportunities afforded to large businesses. As the report indicates, one only has to look to our U. S. counterparts to see the disparity: while small firms account for about half of business sector employment in Canada, that number is just over a third in the United States. This lack of scale accounts for 20 per cent of the labour productivity gap between Canadian and U. S. businesses – among many other issues – including smaller and longer exits for Canadian companies compared with our neighbours to the south. Furthermore, the report outlines that capital available for growth and expansion is far more restricted in Canada; for every $1 available to start-up firms, 82 cents is directed towards firms in the expansion stage, compared with $1. 92 available for expanding companies in the U. S. A survey completed by the Business Development Bank of Canada found that more than twice as many fast-growing companies in Canada vs. high-growth firms in the U. S. said insufficient access to risk capital was their greatest concern. The report also notes that these factors and more take a toll on our ability to compete on a global scale. Consider that in 1990, Canada was home to 18 global industry leaders, while in 2015 that number had plummeted to a mere five. That’s why the Advisory Council recommended the creation of a private, sector-led growth fund to provide investments in established and high-growth businesses in order to further a vibrant, innovative and diversified economy. And that’s exactly why Canada’s leading banks and insurance companies came together to form the Canadian Business Growth Fund (CBGF). As an evergreen investment fund with an initial capital commitment of $545 million and projected future contributions of $1 billion, CBGF has a unique national mandate to provide long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of their mid-market businesses with investments between $3 and $20 million. Entrepreneurs no longer need to look south of the border to secure the capital they need to grow, nor give up control of their business to move forward. At CBGF we are committed to long-term partnerships with the companies we invest in, and aim to connect business leaders and sector experts to help entrepreneurs contribute to a healthy ecosystem of innovation, and achieve their full potential as key drivers of productivity and employment. There is a precedent for this approach. In fact, CBGF operates in a similar way to the UK-based Business Growth Fund (BGF). Since its launch in 2011, BGF has invested £1. 4billion and has become the UK and Ireland’s most active investor in private companies, backing 220 companies that employ close to 50,000 people. Ultimately, there’s no question that growth capital is good for Canada, driving economic activity, productivity, increased employment, exports and growth. With access to more of it, Canadian mid-market businesses now have an even greater opportunity to scale up to become strong and respected marketplace leaders regionally, nationally and around the world. It’s time that Canada was known as a great place to grow – not just start – a business. It’s our hope the CBGF can contribute to this transformation.


- Published: 2018-10-30
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/fournir-aux-entrepreneurs-canadiens-lacces-au-capital-de-croissance-dont-ils-ont-besoin-pour-passer-a-la-vitesse-superieure/

Fournir aux entrepreneurs canadiens l'accès au capital de croissance dont ils ont besoin pour passer à la vitesse supérieureIl ne fait aucun doute que le Canada réussit bien à faire décoller les entreprises. En fait, le Forum économique mondial nous classe au deuxième rang mondial pour notre facilité à établir une nouvelle entreprise. Aujourd’hui, il y a plus d'un million de petites et moyennes entreprises au Canada, représentant plus de la moitié de notre PIB. Mais, bien que nous puissions être très bons pour lancer de nouvelles entreprises, nous sommes encore meilleurs pour les développer. Tel qu’il est détaillé dans un rapport du Conseil consultatif sur la croissance économique du ministre des Finances, la lutte menée par les entreprises pour se développer est un problème dans notre pays pour de nombreuses raisons, notamment nos marchés locaux restreints et souvent fragmentés, la pénurie de talents expérimentés et l'aversion des propriétaires d’entreprise envers le risque. Mais, sans doute, le problème le plus pressant auquel sont confrontées les petites entreprises a été le manque de capitaux accessibles à long terme. En fait, bien que de nombreuses entreprises canadiennes du marché intermédiaire aient identifié la croissance comme étant leur objectif principal, un manque de capitaux pour financer cette croissance signifie que de nombreux entrepreneurs ont été incapables de se développer pour bénéficier des possibilités offertes aux grandes entreprises. Comme le rapport l’indique, il suffit de regarder nos homologues américains pour constater la disparité : bien que les petites entreprises représentent environ la moitié de l’emploi dans le secteur des entreprises au Canada, ce chiffre est un peu plus du tiers aux États-Unis. Ce manque d’échelle représente 20 % de l’écart de productivité de la main-d’œuvre entre les entreprises canadiennes et américaines - parmi de nombreux autres problèmes – notamment le fait que les entreprises canadiennes nécessitent plus de temps à être vendues et que leur prix de vente est moins élevé par rapport aux entreprises de nos voisins du sud. De plus, le rapport souligne que les capitaux disponibles pour la croissance et l'expansion sont beaucoup plus limités au Canada; pour chaque dollar disponible aux entreprises qui démarrent, 82 cents sont destinés aux entreprises en phase d’expansion, contre 1,92 $ aux entreprises en expansion aux États-Unis. Un sondage réalisé par la Banque de développement du Canada a révélé que deux fois plus d’entreprises en croissance au Canada, par rapport aux entreprises à forte croissance aux États-Unis, ont indiqué que leur principal souci était un accès insuffisant au capital de risque. Le rapport indique également que ces facteurs, et d’autres, pèsent sur notre capacité à faire face à la concurrence à l’échelle mondiale. Sachez qu'en 1990, le Canada comptait 18 chefs de file mondiaux de l'industrie, alors qu'en 2015, ce nombre était tombé à aussi peu que cinq. C’est pourquoi le Conseil consultatif a recommandé la création d’un fonds de croissance privé, dirigé par le secteur, qui permettrait d’investir dans des entreprises bien établies, et à forte croissance, afin de promouvoir une économie dynamique, innovante et diversifiée. C’est précisément pour cette raison que les principales banques et compagnies d’assurance du Canada se sont regroupées pour former le Fonds de croissance des entreprises canadiennes (CBGF). En tant que fonds d'investissement permanent doté d'un engagement initial de 545 millions de dollars et d'une contribution future estimée à 1 milliard de dollars, le CBGF est doté d'un mandat national unique visant à fournir des capitaux patients, minoritaires et à long terme à des entrepreneurs ambitieux afin de financer la croissance et l'expansion de leur entreprise du marché intermédiaire par le biais d’investissements entre 3 et 20 millions de dollars. Les entrepreneurs n'ont plus besoin de chercher au sud de la frontière pour se procurer le capital dont ils ont besoin pour se développer, ni d'abandonner le contrôle de leur entreprise pour aller de l'avant. Chez CBGF, nous sommes déterminés à établir des partenariats à long terme avec les entreprises dans lesquelles nous investissons et à établir des relations entre les chefs d’entreprise et les experts de secteur pour aider les entrepreneurs à contribuer à un écosystème d’innovation sain et à réaliser leur plein potentiel en tant que moteurs de la productivité et de l’emploi. Il existe un précédent à cette approche. En fait, le CBGF fonctionne de la même manière que le Business Growth Fund (BGF) basé au Royaume-Uni. Depuis son lancement en 2011, BGF a investi 1,4 milliard de livres sterling et est devenu l’investisseur le plus actif du Royaume-Uni et de l’Irlande dans les entreprises privées. Il soutient 220 entreprises qui emploient près de 50 000 personnes. En fin de compte, il ne fait aucun doute que le capital de croissance est bon pour le Canada, car il stimule l’activité économique, la productivité, l’emploi, les exportations et la croissance. Les entreprises canadiennes du marché intermédiaire ayant accès à davantage de possibilités, elles ont maintenant encore plus de possibilités de devenir des chefs de file puissants et respectés sur le marché, tant aux niveaux régional, national que mondial. Il est temps que le Canada soit reconnu comme étant un excellent endroit pour développer une entreprise, pas seulement la démarrer. Nous avons espoir que le CBGF puisse contribuer à cette transformation.


- Published: 2018-10-02
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-selects-bc-company-first-investment/

Canadian Business Growth Fund Selects BC Company for Its First InvestmentKelowna-based Lift Auto Group receives $15 million in funding to execute on growth and acquisition strategy. TORONTO, October 2, 2018 -- The Canadian Business Growth Fund (CBGF) announced today that it has invested $15 million in Lift Auto Group (Lift). The deal is CBGF’s first investment as part of its mandate to provide long-term, patient, minority capital to ambitious entrepreneurs and their high-growth mid-market Canadian companies. Lift is a Kelowna-based company and a consolidator of automotive collision repair centres. The company currently has six locations in British Columbia and Alberta and plans to expand its footprint across Western Canada. A portion of CBGF’s investment allowed Lift to immediately close a significant acquisition in Edmonton. “Lift is a great fit with our mandate and we are excited to partner with them as they put their growth strategy into action,” says George Rossolatos, Chief Executive Officer, Canadian Business Growth Fund. “They have an ambitious team, solid plans for scaling up and the skills and experience to execute on their vision to build a leading collision repair company. They are thinking big, and with this round of investment, they have the capital required to become a leading player in a highly fragmented industry. ” Led by Mark Reineking, the Lift team brings a sophisticated approach to an increasingly complex industry. This complexity makes the collision repair industry ripe for consolidation, providing an opportunity for well-capitalized and well-managed consolidators like Lift to acquire small operators and build the scale to properly address industry demands. And, as proud members of Kelowna’s thriving entrepreneurial community with family roots in the collision repair business, Lift’s team is well-positioned to turn their ambitious growth plans into reality. “Our partnership with CBGF will provide us with the long-term, patient capital we need to embark on our next phase of growth while still retaining control of our business,” says Mark Reineking. “Strategic and cultural alignment is a priority for us, and we believe the common values shared by both parties will serve as the basis for a strong and successful relationship, allowing us to maximize value for our stakeholders and the communities in which we invest. ” This opportunity was introduced to CBGF by AltaCorp Capital, who acted as Lift’s advisors in raising growth capital to execute on its growth strategy. ABOUT THE CANADIAN BUSINESS GROWTH FUND The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. For companies seeking investment opportunities, please contact us at contact@cbgf. com. ABOUT LIFT AUTO GROUP Headquartered in Kelowna, British Columbia, Lift owns and operates a network of six collision repair centers located in Kelowna, Vernon, North Vancouver, and Edmonton. In addition to collision repair services, the Company provides concierge services and replacement vehicles for its customers. Already seen as a leading collision repair group in the interior British Columbia region, Lift aims to expand its presence and become one of the leading collision repair groups in Western Canada.


- Published: 2018-10-02
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-choisit-une-societe-de-la-colombie-britannique-pour-son-premier-investissement/

Le Fonds de croissance des entreprises canadiennes choisit une société de la Colombie-Britannique pour son premier investissementLift Auto Group, une entreprise basée à Kelowna, reçoit un financement de 15 millions de dollars pour mettre en œuvre une stratégie de croissance et d'acquisition TORONTO, le 2 octobre 2018 - Le Fonds de croissance des entreprises canadiennes (CBGF) a annoncé aujourd'hui qu'il avait investi 15 millions de dollars dans Lift Auto Group (Lift). L’accord est le premier investissement de CBGF dans le cadre de son mandat visant à fournir des capitaux à long terme, patients et minoritaires à des entrepreneurs ambitieux et à leurs sociétés canadiennes à forte croissance. Lift est une entreprise de Kelowna, consolidateur de centres de réparation de carrosserie automobile. La société compte actuellement six sites en Colombie-Britannique et en Alberta et prévoit élargir sa présence dans l’Ouest canadien. Une partie de l’investissement de CBGF a permis à Lift de conclure immédiatement une acquisition importante à Edmonton. « Lift convient parfaitement à notre mandat et nous sommes ravis de nous associer à eux pour mettre en œuvre leur stratégie de croissance », a déclaré George Rossolatos, chef de la direction du Fonds de croissance des entreprises canadiennes. « Ils ont une équipe ambitieuse, des plans solides pour se développer, ainsi que les compétences et l'expérience nécessaires pour mettre en œuvre leur vision de la création d'une entreprise de réparation de carrosserie, chef de file. Ils visent haut et, grâce à cet investissement, ils disposent des capitaux nécessaires pour devenir un joueur de premier plan au sein d’une industrie très fragmentée. » Dirigée par Mark Reineking, l'équipe Lift offre une approche sophistiquée à une industrie de plus en plus complexe. Cette complexité rend l’industrie de la réparation de carrosserie prête pour une consolidation, offrant ainsi aux consolidateurs bien dotés en capitaux et bien gérés, tel que Lift, l’occasion d’acquérir de petits opérateurs et de se développer suffisamment pour répondre aux exigences du secteur. En tant que fière membre de la communauté entrepreneuriale prospère de Kelowna ayant des racines familiales dans le secteur de la réparation de carrosserie, l’équipe de Lift est bien placée pour concrétiser ses ambitieux plans de croissance. « Notre partenariat avec CBGF nous fournira le capital patient à long terme dont nous avons besoin pour nous lancer dans notre prochaine phase de croissance tout en conservant le contrôle de nos activités », a déclaré Mark Reineking. « L'alignement stratégique et culturel est une priorité pour nous et nous croyons que les valeurs communes partagées par les deux parties serviront de base à une relation solide et fructueuse, nous permettant de maximiser la valeur pour nos parties prenantes et les communautés dans lesquelles nous investissons. » Cette possibilité a été présentée à CBGF par AltaCorp qui a joué le rôle de conseiller auprès de Lift dans la mobilisation du capital de croissance nécessaire pour mettre en œuvre sa stratégie de croissance. À propos du CBGF Le Fonds de croissance des entreprises canadiennes (CBGF) fournit des capitaux minoritaires, patients, à long terme à des entrepreneurs ambitieux pour financer la croissance et l'expansion d'entreprises de taille moyenne par le biais d’investissements entre 3 et 20 millions de dollars. Un fonds d'investissement durable avec un engagement initial de 545 millions de dollars, CBGF s'engage à établir des partenariats à long terme avec les sociétés dans lesquelles elle investit. Dans le cadre de sa mission de croissance, CBGF établit des liens entre les chefs d'entreprise et les experts sectoriels pour aider les entreprises partenaires à atteindre leur plein potentiel. Pour les entreprises qui recherchent des possibilités d'investissement, veuillez nous contacter à contact@cbgf. com À propos de Lift Auto Group Ayant son siège social à Kelowna, en Colombie-Britannique, Lift possède et exploite un réseau de six centres de réparation de carrosserie situés à Kelowna, à Vernon, à North Vancouver et à Edmonton. En plus des services de réparation de carrosserie, l’entreprise fournit des services de conciergerie et des véhicules de remplacement à ses clients. Déjà considéré comme l'un des principaux groupes de réparation de carrosserie dans la région intérieure de la Colombie-Britannique, Lift vise à accroître sa présence et à devenir l'un des principaux groupes de réparation de carrosserie dans l'Ouest canadien.


- Published: 2018-08-09
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/private-sector-shifting-innovation/

Private sector attention is shifting towards value of supporting scale-upsIt has taken a long time, and not all the needed pieces are yet in place, but the innovation debate is now paying much more attention to how we grow companies and scale them up to be global competitors, and not simply on how we start them. While start-ups matter – there would be no scale-up companies without a constant flow of start-ups – the goal has to be to enable the start-ups with the greatest growth potential to scale up. Start-ups are the seed corn of the economy, but scale-ups are the enterprises that build the scale and scope for ongoing commercial success and the jobs and productivity that can result. While university research spending can have a variety of goals, innovation policy has to be focused on commercial success. “The growth of companies as they develop new markets is the main mechanism by which the economic benefits of inventors and innovation are realized,” a study on scaling up by the Industrial Performance Centre at the Massachusetts Institute of Technology stresses, arguing that the failure to scale up means that many of the potential benefits of public and private investment in start-ups are lost. “How well an innovation-oriented economy fares in this dimension of performance is no less important than its initial success in encouraging the formation of new companies in the first place,” it said. This is an important message for Canadian policymakers who have tended to put the emphasis on start- ups and commercialization of university research. This is important. But there has been much less attention to the much greater challenge of growing the best start-ups into large companies. In fact, some of our policies, such as the lower tax rate for small business, actually act as a disincentive for growth. The MIT study defined companies that had reached US$500 million in sales as “companies of scale” and those with annual sales of US$100 million-US$500 million as companies “on the pathway to scale”. What seems to matter is that companies on the pathway to scale have strong growth performance and potential. They have achieved “sustainable competitive advantage” through market validation with a strong customer base for their product or service. They have scale and scope. Scale brings many advantages that small companies lack. A company with scale has access to superior distribution channels, can support stronger brand development, benefits from economies of scale that can lower costs and boost competitiveness, is able to produce new products or pursue new markets more quickly, can afford R&D, and has the resources to acquire young growth companies as part of its strategy to expand into new technologies or markets, as the MIT study finds. Scale “allows for investment in factors that drive competitive advantage such as the capability to innovate: the talent, technology and R&D needed to continually bring new products or new services to the marketplace requires significant resources that only scale can provide. ” Moreover, as the MIT study finds, there are advantages to economies and cluster communities as companies scale up. Growing companies create jobs and contribute to the overall economic growth of a region; they should improve productivity performance; they generate more tax revenue; they develop pools of managerial talent that can benefit new companies; they can be a role model for entrepreneurship and the training of entrepreneurs; they can boost opportunities for local suppliers; and they can be a source of investment for local start-ups. Fortunately, there is now greater attention being paid to scale-ups, though more could be done. One example is the brainchild – and philanthropy – of Mike Lazaridis. In 2015 he donated $25 million to the Wilfrid Laurier business school, and the Ontario government kicked in another $15 million, to focus on the management issues facing young companies trying to scale up. Lazaridis recognized that one reason many promising Canadian start-ups were being acquired by foreign multinationals was their lack of management skills. Hence the Lazaridis Institute for the Management of Technology Enterprises, launched in 2016, with two goals: to conduct an annual scale-up exercise for 10 promising firms with exponential growth potential; and to become a center of excellence internationally for research on scale-up issues and potential. So far, the Institute has worked on scaling up with 20 Canadian tech firms, with work now underway to identify the next 10. The other example is the launch in June of the Canadian $545 million (and promises to bring it to $1 billion) Business Growth Fund, an initiative of 13 financial institutions. Led by the major banks, it aims to take minority stakes in promising Canadian companies with at least $5 million in annual sales, a demonstrated growth trajectory and a clear pathway for accelerated growth. The funding is not just for tech companies, though they certainly would be candidates, but for any company that meets its criteria, says George Rossolatos, the fund’s president. The fund is modelled on Britain’s successful Business Growth Fund, with the idea coming from the federal government’s Advisory Council on Economic Growth early last year. The hope is that with injections of $3 million-$20 million in equity or debt, companies can focus on achieving growth rather than worrying about their ability to make investments to achieve growth. The goal is to create more Canadian-owned and headquartered anchor firms. The focus will be on investments in the $10-$20 million range with $3-$5 million when there is a chance for follow-on investments, Rossolatos says. The “sweet spot” ultimately will be investments in the $8-$15 million range. A big test will be what level of risk the new fund is willing to take. The attention to scaling up, largely led by the private sector, is long overdue. Success is more imperative than ever as Canada faces a fast-changing global economic environment and needs new foundations for growth that only more scaled-up companies can provide. David Crane, who writes on innovation policy, can be reached at crane@interlog. com. Source: https://researchmoneyinc. com/articles/private-sector-attention-is-shifting-towards-value-of-supporting-scale-ups/ © Research Money Inc.


- Published: 2018-07-27
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/george-rossolatos-canadian-business-growth-fund/

Need to meet: George Rossolatos, CEO, Canadian Business Growth FundCanadian Business Growth Fund, a mid-market fund launched this year with the backing of 13 financial institutions, is led by a former buyout pro turned business operator. George Rossolatos, CBGF’s CEO since January, learned the private equity trade while working with Brent Belzberg, one of Bay Street’s most storied investors. Rossolatos was with Belzberg for nearly a decade, first at listed merchant bank Harrowston, sold in 2001 to TD Capital, and then at TorQuest Partners, a firm they co-founded several months later. TorQuest went on to become one of Canada’s foremost mid-market PE firms, overseeing more than $2 billion in capital. Rossolatos spent seven years there as a partner, a job that afforded exposure to a wide scope of North American companies and sectors. In 2009, Rossolatos left TorQuest, deciding he “wanted to run a company” and accumulate “experience as an operator,” he told PE Hub Canada. After exploring a number of opportunities, he invested in Avante Logixx, a security-tech provider that had fallen on hard times. Becoming CEO, Rossolatos and his team turned the company around, wiping out its debt and quadrupling revenue. Rossolatos, 46, says the 17-year journey to Avante from Harrowston, which put him on both sides of the financing table, was “great training” for the new role at CBGF. Conceived in 2017 by Ottawa and financial executives, CBGF aims to fill the unmet or under-met funding needs of small businesses in Canada. Its focus, which Rossolatos describes as “starting where the banks stop,” is to supply equity and debt financing solutions, tailored to a company’s specific capital structure and demand requirements. The fund will be a minority investor, ensuring that owners and entrepreneurs remain in the driver’s seat. It will also be a patient investor, holding stakes beyond the usual PE horizon of three to seven years. CBGF was patterned after Britain’s BGF, which since 2011 has invested £1. 4 billion ($2. 4 billion) in 220 companies. And like BGF, which was founded with the support of such U. K. financial majors as Barclays, Lloyds and RBS, CBGF is backed by Canada’s top banks and insurers. In June, CBGF’s evergreen pool was capitalized at $545 million by BMO, CIBC, RBC, Scotiabank, TD, ATB Financial, Great-West Life, HSBC Canada, Manulife, National Bank, Sun Life, Canadian Western Bank and Laurentian Bank. The pool will receive additional commitments as needed, Rossolatos said. Over 10 years it is projected to reach $1 billion. SOURCING DEALS Rossolatos has recently given priority to opening CBGF’s doors at a fully resourced Toronto office. He says the fund is now starting to look at deal opportunities that reflect “ambitious entrepreneurs driving proven business models with significant growth potential. ” CBGF is targeting companies with $5 million-plus in annual revenue. It will invest $3 million to $20 million in as many as 10 companies per year, sometimes in partnership with other like-minded investors. Dealmaking will be coast-to-coast and in a variety of industries, though activity will most likely emphasize manufacturing, service and tech companies, Rossolatos said. He expects to build a portfolio that is a “microcosm of the Canadian economy. ” A central tenet in CBGF’s mission is encouraging successful owner-operators to build larger companies instead of slowing down or selling early, which is often the result of too few funding options, Rossolatos said. “We want to help entrepreneurs navigate the complex stages of getting to a bigger business, to grow revenue from $5 million to $50 million or higher,” he said. CBGF will do this by taking board seats and providing advice, coaching and access to talent pools. Rossolatos says a source of value-adding capability will be the networks of the fund’s institutional backers. Rossolatos has so far assembled a team of 12 investment pros and other staff and remains in hiring mode. They include Senior Investor Dale Tingley, formerly a managing director at BMO Capital Partners and CAI Capital Management, and Senior Investor Hai Tran-Viet, formerly a vice president at Regimen Partners and partner at Signal Hill Equity Partners. CBGF is chaired by Dale Ponder, a co-chair of Canadian law firm Osler, Hoskin & Harcourt. Source: https://www. pehub. com/need-to-meet-george-rossolatos-ceo-canadian-business-growth-fund/


- Published: 2018-06-25
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/fonds-de-croissance-des-entreprises-canadiennes-investira-1-milliard-de-dollars-dans-de-petites-entreprises/

Fonds de croissance des entreprises canadiennes investira 1 milliard de dollars dans de petites entreprisesGeorge Rossolatos, président, directeur général du Canadian Business Growth Fund, parle d'un nouveau fonds destiné aux petites entreprises et aux entrepreneurs. Pour voir l'interview complète, cliquez ici : https://www. bnnbloomberg. ca/video/canadian-business-growth-fund-to-invest-1-billion-in-small-businesses~1421018


- Published: 2018-06-25
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/fonds-dinvestissement-fait-un-pari-de-1-milliard-de-dollars-sur-les-proprietaires-qui-controlent-leurs-entreprises/

Un fonds d'investissement parie un milliard de $ sur les propriétaires qui contrôlent leurs entreprisesPour lire l’article en entier, veuillez cliquer ici :https://www. theglobeandmail. com/business/article-investment-fund-makes-1-billion-bet-on-owners-who-control-their/


- Published: 2018-06-22
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/investment-fund-1-billion-bet-owners-control-companies/

Investment fund makes $1-billion bet on owners who control their companiesMr. Rossolatos’ father came to Canada from Greece, started an auto-repair shop in Ottawa, and drove a taxi at night to help pay the bills. His son, the founding chief executive of the newly launched Canadian Business Growth Fund, began helping out by the age of 9. Looking back, the 46-year-old financier says a patient, long-term outside investor would have made a world of difference in building his father’s businesses. “Canadian entrepreneurs find it difficult to secure the funding they need to grow, while maintaining control of their business,” said Mr. Rossolatos, who started his own career as a private-equity investor at TorQuest Partners Inc. , then ran tech company Avante Logixx Inc. for seven years. He said the new fund, created by the federal Liberal government but backed by the country’s largest financial institutions, will offer an alternative to traditional venture-capital and private-equity funds, which typically demand control of a company in exchange for their money. “Our goal is to help entrepreneurs scale up their mid-market businesses as a patient, minority capital partner,” Mr. Rossolatos said. The growth fund formally opens its doors on Tuesday with a $545-million capital commitment from 13 Canadian banks and insurers, which have the option of increasing that backing to $1-billion if the concept proves to be a money maker. Mr. Rossolatos joined the fund in January and has spent the past five months setting up the business and hiring a team of a dozen investment professionals. Backers expect the new fund will help solve what’s perceived to be a chronic problem for small to medium-sized Canadian companies: Owners sell control relatively early in the businesses’ development, and miss out on the opportunity to build regional or even global champions. “With access to more growth capital, Canadian businesses have an even greater opportunity to achieve scale and become leaders in their fields,” said Dale Ponder, chair of the fund and co-chair of law firm Osler, Hoskin & Harcourt LLP. The fund will target minority investments of $3-million to $20-million in growth companies − typically, these businesses will have annual sales of $5-million or more. The mandate is to sprinkle capital across the country, in any sector. Mr. Rossolatos said the initial focus is likely to be on technology, manufacturing and service companies, many of which struggle to get loans from banks because they lack hard assets to use as collateral. The new fund will make equity and debt investments in growth companies, and Mr. Rossolatos said the goal is to earn returns in step with those of rival private-equity and venture funds, and “commensurate to the risks that we take. ” The only sectors the fund plans to avoid are businesses that directly own resources, such as mines or oil fields. Mr. Rossolatos estimates the fund will make eight to 10 investments a year and said: “In five years time, I want to be able to say we supported companies that anchor the Canadian economy. ” The Toronto-based fund is patterned on a British initiative, the £2. 5-billion ($3. 8-billion) Business Growth Fund that was launched in 2011 and has since taken stakes in more than 220 small companies, making it Britain’s most active venture-capital investor. Mr. Rossolatos spent time this spring at the British fund, and plans to adapt one of its initiatives for the Canadian market, a “talent network” that informally ties together business owners with seasoned entrepreneurs, financiers and experienced managers. The new fund was initially promoted by federal Liberals and Bank of Canada Governor Stephen Poloz. But the money is coming from the country’s largest financial institutions, including Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, ATB Financial, Great-West Lifeco, HSBC Bank Canada, Manulife Financial Corp. , National Bank of Canada, Sun Life Financial Inc. , Canadian Western Bank and Laurentian Bank of Canada. These institutions have put referral networks in place to steer potential opportunities to the new fund, although Mr. Rossolatos stressed his fund is under no obligation to invest in any businesses that’s sent its way. Source: https://www. theglobeandmail. com/business/article-investment-fund-makes-1-billion-bet-on-owners-who-control-their/


- Published: 2018-06-22
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/canadian-business-growth-fund-invest-1-billion-small-businesses/

Canadian Business Growth Fund to invest $1 billion in small businessesGeorge Rossolatos, CEO of Canadian Business Growth Fund, talks about a new fund aimed at smaller businesses and entrepreneurs. To view the full interview please click here: https://www. bnnbloomberg. ca/video/canadian-business-growth-fund-to-invest-1-billion-in-small-businesses~1421018


- Published: 2018-06-19
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/cbgf-drive-expansion-growth-mid-market-canadian-businesses/

Funded by Canada’s leading banks and insurance companies, CBGF will provide Canadian entrepreneurs with access to the long-term, patient, minority capital they require to grow. The Canadian Business Growth Fund (CBGF) today announced the launch of its fund and the start of its national mandate to help Canadian entrepreneurs access the capital they need to drive growth and expansion for their high potential mid-market businesses. The challenge of accessing growth capital was highlighted in a report from the Minister of Finance's Advisory Council for Economic Growth, which recommended the creation of a private sector-led growth fund to provide investments in established and high-growth Canadian businesses while contributing to a vibrant, innovative and diversified economy. In response, Canada’s leading banks and insurance companies came together to form the CBGF, an independent evergreen investment fund with an initial capital commitment of $545 million, projected to increase to $1 billion in future years. CBGF seeks to invest between $3 million and $20 million in dynamic mid-market companies with $5 million or more in annual revenue, a demonstrated growth trajectory, and a clear vision for accelerated growth. The fund supports Canadian companies with patient, minority capital that keeps entrepreneurs in control of their businesses. In addition to capital, CBGF has deep experience in business growth strategies and corporate finance, as well as a talent network that can help entrepreneurs overcome critical knowledge and talent gaps as their businesses expand. “While many Canadian entrepreneurs have identified growth as their company’s primary objective, they find it difficult to secure the funding they need to grow while maintaining control of their businesses,” explains George Rossolatos, Chief Executive Officer, Canadian Business Growth Fund. “Our goal is to help entrepreneurs scale up their mid-market businesses as a patient, minority capital partner. We’ve spent the last several months developing our strategy, honing our unique value proposition and building a talented team and network that is uniquely positioned to help Canadian entrepreneurs think big and grow. We’re excited to get started. ” “Growth capital is good for Canada and helps drive economic activity, productivity and employment,” said CBGF Chair, Dale Ponder. “With access to more growth capital, Canadian businesses have an even greater opportunity to achieve scale and become leaders in their fields. CBGF will strive to promote greater confidence and entrepreneurial spirit in the development of businesses in Canada. ” CBGF is supported by Canada’s leading banks and insurance companies. Initial participants include BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank, TD Bank Group, ATB Financial, Great-West Life, HSBC Bank Canada, Manulife, National Bank of Canada, Sun Life Financial, Canadian Western Bank and Laurentian Bank of Canada. ABOUT CBGF The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential. For companies seeking investment opportunities, please contact Logan Philp, Director of Business Development. " Source: https://www. newswire. ca/news-releases/canadian-business-growth-fund-cbgf-to-drive-expansion-and-growth-of-mid-market-canadian-businesses-685904841. html


- Published: 2018-06-19
- Modified: 2021-02-12
- URL: https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-canadiennes-cbgf-stimulera-lexpansion-et-la-croissance-des-entreprises-canadiennes-du-marche-intermediaire/

Financé par les principales banques et compagnies d'assurance du Canada, le CBGF permettra aux entrepreneurs canadiens d'avoir accès à du capital minoritaire et patient à long terme dont ils ont besoin pour grandir. Le Fonds de croissance des entreprises canadiennes (CBGF) a annoncé aujourd'hui le lancement de son fonds et le début de son mandat national pour aider les entrepreneurs canadiens à accéder au capital dont ils ont besoin pour stimuler la croissance et l'expansion de leurs entreprises à potentiel élevé. Le rapport du Conseil consultatif pour la croissance économique du ministre des Finances, qui recommandait la création d'un fonds de croissance dirigé par le secteur privé pour investir dans des entreprises établies et à forte croissance au Canada, a souligné le défi de l'accès au capital de croissance tout en contribuant à une économie vibrante, innovatrice et diversifiée. En réaction, les principales banques et compagnies d'assurance du Canada se sont regroupées pour former le CBGF, un fonds d'investissement durable et indépendant dont l'engagement initial en capital est de 545 millions de dollars et qui devrait passer à 1 milliard de dollars dans les années à venir. Le CBGF cherche à investir entre 3 et 20 millions de dollars dans des entreprises dynamiques de taille moyenne avec un chiffre d'affaires annuel de 5 millions de dollars ou plus, une trajectoire de croissance démontrée et une vision claire d'une croissance accélérée. Le fonds soutient les entreprises canadiennes avec un capital minoritaire patient qui permet aux entrepreneurs de garder le contrôle de leur entreprise. En plus du capital, le CBGF possède une vaste expérience dans les stratégies de croissance des entreprises et le financement des entreprises, ainsi qu'un réseau de talents qui peut aider les entrepreneurs à surmonter les lacunes en matière de connaissances et de talents au fur et à mesure de l'expansion de leur entreprise. « Bien que de nombreux entrepreneurs canadiens considèrent la croissance comme l'objectif principal de leur entreprise, ils éprouvent des difficultés à obtenir le financement dont ils ont besoin pour croître tout en gardant le contrôle de leur entreprise », explique George Rossolatos, président, directeur général. « Notre objectif consiste à aider les entrepreneurs à développer leurs activités de taille moyenne en tant que partenaire en capital patient et minoritaire. Nous avons passé les derniers mois à élaborer notre stratégie, à affiner notre proposition de valeur unique et à bâtir une équipe et un réseau talentueux qui sont idéalement positionnés pour aider les entrepreneurs canadiens à prendre de l'ampleur et à croître. Nous sommes ravis de commencer. » « Le capital de croissance est bon pour le Canada et contribue à stimuler l'activité économique, la productivité et l'emploi » , a déclaré la présidente du CBGF, Dale Ponder. « Grâce à un accès à plus de capital de croissance, les entreprises canadiennes ont encore plus de possibilités de réaliser des économies d'échelle et de devenir des chefs de file dans leurs domaines. Le CBGF s'efforcera de promouvoir une plus grande confiance et un esprit d'entreprise dans le développement des entreprises au Canada. » Le CBGF est soutenu par les principales banques et compagnies d'assurance du Canada. Les premiers participants comprennent BMO Groupe financier, CIBC, Banque Royale du Canada, Banque Scotia, Groupe Banque TD, ATB Financial, Great-West, Banque HSBC Canada, Manuvie, Banque Nationale du Canada, Financière Sun Life, Canadian Western Bank et Banque Laurentienne du Canada. À PROPOS DU CBGF Le Fonds de croissance des entreprises canadiennes (CBGF) fournit des capitaux minoritaires, patients, à long terme à des entrepreneurs ambitieux pour financer la croissance et l'expansion d'entreprises de taille moyenne dont les investissements se situent entre 3 et 20 millions de dollars. Le CBGF s'engage à établir des partenariats à long terme avec les sociétés dans lesquelles elle investit. Dans le cadre de sa mission de croissance, le CBGF établit des liens entre les chefs d'entreprise et les experts sectoriels pour aider les entreprises partenaires à atteindre leur plein potentiel. Pour les entreprises qui recherchent des possibilités d'investissement, veuillez contacter Logan Philp, directeur du développement commercial.


- Published: 2018-06-13
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/le-fonds-canadien-pour-lexpansion-des-entreprises-annonce-la-nomination-dun-directeur-general-et-dune-presidente-independante/

Le fonds canadien pour l'expansion des entreprises annonce la nomination d'un directeur général et d'une présidente indépendanteLe fonds canadien pour l'expansion des entreprises (« le fonds »), qui sera une entité gérée de façon indépendante et soutenue par les plus grandes institutions financières et compagnies d'assurance canadiennes, a annoncé aujourd'hui que George Rossolatos occupera le poste de directeur général à partir de janvier 2018. M. Rossolatos collaborera avec Dale Ponder, qui vient d'être nommée présidente indépendante du fonds. « Nous sommes ravis que George Rossolatos ait accepté le rôle de directeur général du fonds canadien pour l'expansion des entreprises », a affirmé Barbara Hooper, coprésidente par intérim du fonds et vice-présidente à la direction, Gestion de la trésorerie et du bilan, Groupe Banque TD. « Il possède une vaste expérience dans le secteur du capital-investissement et des placements ainsi qu'un leadership exceptionnel, et il est reconnu pour sa capacité à tisser des liens avec les parties prenantes. Nous sommes aussi très heureux que Dale Ponder assume le rôle de présidente du conseil d'administration. Sa grande expérience en matière de fusions, d'acquisitions, d'organismes de réglementation des valeurs mobilières et de gouvernance d'entreprise sera un atout alors que nous nous préparons au lancement officiel du fonds. » « C'est un honneur pour moi d'aider certains des meilleurs entrepreneurs du Canada à développer leur entreprise pour devenir les chefs de file de l'avenir », a déclaré M. Rossolatos. « Les PME du Canada sont vitales à l'économie canadienne et des créateurs d'emplois importants. Grâce au fonds, nous pourrons investir jusqu'à un milliard de dollars dans ces entreprises au cours des dix prochaines années pour stimuler la croissance, développer les talents et aider les entreprises à faire de leurs visions une réalité. » M. Rossolatos possède plus de 20 ans d'expérience dans les domaines du capital-investissement, de l'exploitation et des conseils. En plus de détenir le titre de comptable professionnel agréé et une maîtrise en administration des affaires, il a été directeur général pour une société cotée en bourse et a dirigé avec succès un redressement et une stratégie subséquente d'acquisition. Ayant été un membre actif de plusieurs conseils d'administration au cours des dernières années, M. Rossolatos possède de solides aptitudes en établissement de relations, en leadership et en consolidation d'équipe qui lui seront très utiles dans son nouveau rôle. « Je suis heureuse et impatiente de collaborer avec un groupe aussi remarquable de chefs d'entreprise canadiens pour mener à bien notre objectif d'aider des entreprises canadiennes à croître et à innover », a affirmé Mme Ponder. En plus d'être associée directrice et coprésidente d'un important cabinet d'avocats canadien, Mme Ponder a acquis une grande expérience auprès de divers conseils d'administration dans les secteurs privé et à but non lucratif. Durant ses nombreuses années de service dans le secteur juridique, Mme Ponder a travaillé dans une multitude de domaines connexes et de secteurs variés, notamment l'extraction minière, la consommation et les services financiers. Le fonds établira un réseau de conseillers pour offrir du mentorat afin de combler les manques de connaissances qui empêchent plusieurs moyennes entreprises de réaliser leur plein potentiel de croissance au Canada et à l'étranger. Le fonds amorcera l'établissement de son équipe et de son infrastructure au début de 2018, et commencera à évaluer différentes occasions de placement dans les mois qui suivent. Comme il a déjà été annoncé, le fonds devrait initialement disposer d'engagements d'investissement de plus de 500 millions de dollars, avec une possibilité de contributions futures allant jusqu'à un milliard de dollars globalement dans les années à venir (selon la demande en placements et le rendement du fonds). Les participants initiaux sont : BMO Groupe financier, la Banque CIBC, la Banque Royale du Canada, la Banque Scotia, La Banque Toronto-Dominion, Manuvie, la Financière Sun Life, La Great-West, compagnie d'assurance-vie, la Banque Nationale du Canada, la Banque HSBC Canada, ATB Financial, la Banque Laurentienne du Canada, et la Banque Canadienne de l'Ouest. Une fois que le fonds sera formé, d'autres institutions pourront investir dans ce dernier. Fonds canadien pour l'expansion des entreprises Le fonds canadien pour l'expansion des entreprises est une entité gérée de façon indépendante et soutenue par les plus grandes institutions financières et compagnies d'assurance canadiennes. Sa mission est de stimuler l'innovation au moyen d'investissements dans de petites et moyennes entreprises canadiennes qui recherchent du capital minoritaire patient, à long terme pour financer leur croissance continue. Avec des engagements d'investissement de plus de 500 millions de dollars, les contributions futures pourraient atteindre globalement un milliard de dollars. Le fonds permettra d'offrir du mentorat, de faciliter l'accès aux bassins de talents et d'aider les entreprises à réaliser leur plein potentiel. Source: https://www. newswire. ca/news-releases/canadian-business-growth-fund-announces-chief-executive-officer-and-independent-chair-649573333. html


- Published: 2018-06-13
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/les-banques-et-les-compagnies-dassurance-annoncent-un-fonds-de-croissance-de-societes-canadiennes-pouvant-atteindre-un-milliard-de-dollars/

Les banques et les compagnies d'assurance annoncent un Fonds de croissance de sociétés canadiennes pouvant atteindre un milliard de dollarsLes principales banques et compagnies d'assurances du Canada ont annoncé aujourd'hui leur intention de créer un fonds visant à investir jusqu'à un milliard de dollars dans des sociétés canadiennes au cours de la prochaine décennie, en vue de soutenir la croissance et l'innovation. Le Fonds de croissance de sociétés canadiennes investira dans de petites et moyennes entreprises canadiennes qui recherchent du capital minoritaire patient, à long terme pour financer leur croissance continue et élargir leurs activités actuelles. En général, les montants investis dans chaque société varieront entre 3 et 20 millions de dollars. Surtout, le fonds facilitera le mentorat et l'accès aux bassins de compétences pour aider ces sociétés à réaliser leur plein potentiel. Le fonds devrait bénéficier d'engagements en capitaux initiaux de plus de 500 millions de dollars, avec une possibilité, dans les prochaines années, de contributions futures allant jusqu'à un milliard de dollars, qui seront fixées en fonction de la demande en investissements et du rendement du fonds. Voici les participants initiaux : BMO Groupe financier, la Banque CIBC, la Banque Royale du Canada, la Banque Scotia, le Groupe Banque TD, la Manuvie, la Financière Sun Life, la Great-West, compagnie d'assurance-vie, la Banque Nationale du Canada, la Banque HSBC Canada, ATB Financial, la Banque Laurentienne du Canada, et Banque canadienne de l'Ouest. D'autres institutions envisagent une participation et de nombreuses institutions financières pourront investir dans le fonds dès qu'il sera constitué. Le fonds fonctionnera comme une entité gérée de façon indépendante, soutenue par ses investisseurs et dotée de son propre conseil d'administration et de sa propre équipe de direction, l'objectif étant d'établir des bureaux et d'embaucher du personnel dans tout le Canada. Le conseil se composera d'administrateurs indépendants et de représentants des investisseurs initiaux. Le fonds entamera sa recherche d'un président indépendant ainsi que d'un chef de la direction dans le but de former l'équipe de direction et de commencer à investir le capital dans les 12 prochains mois. L'équipe de direction recevra aussi le mandat de créer un réseau consultatif afin d'offrir du mentorat, ce qui permettra de combler les lacunes de connaissances qui empêchent bon nombre de moyennes entreprises d'atteindre leur plein potentiel de croissance à l'échelle nationale et internationale. L'objectif consiste à aider les fondateurs à conserver le contrôle effectif de leur entreprise afin qu'ils réalisent leur vision au fil de la croissance et de l'expansion de leurs activités. Cette annonce fait suite à la publication du deuxième rapport du Conseil consultatif en matière de croissance économique du ministre des Finances, qui a observé un manque de capital à long terme sur le marché canadien et recommandé la création d'un fonds de croissance géré par le secteur privé à des fins de participation minoritaire dans des sociétés. L'un des objectifs du fonds vise à aider, au bout du compte, les sociétés canadiennes à croître à l'extérieur du Canada afin de favoriser une économie dynamique, innovante et diversifiée, qui stimulera la création d'emplois et la croissance pour notre pays. Une autre annonce sera diffusée en temps utile. Représentants du conseil d'administration de FCS : ATB Financial - Curtis Stange, BMO Groupe financier - Nadim Hirji, Banque Scotia - Philip Smith, Banque CIBC - Stephen Forbes, Manuvie - Vipon Ghai, Banque nationale du Canada - Mark Mulroney, Banque royale du Canada - Jamie Anderson, La Financière Sun Life - Michael Rudanycz, Le Groupe Banque TD - Barbara Hooper. Source: https://www. newswire. ca/news-releases/banks-and-insurance-companies-announce-canadian-business-growth-fund-of-up-to-1b-615773523. html


- Published: 2018-06-13
- Modified: 2022-09-22
- URL: https://cbgf.com/fr/news-insights/les-ministres-morneau-et-chagger-accueillent-favorablement-le-lancement-dun-fonds-canadien-pour-lexpansion-des-entreprises/

Les ministres Morneau et Chagger accueillent favorablement le lancement d'un fonds canadien pour l'expansion des entreprisesLe ministre des Finances, Bill Morneau, a fait aujourd'hui la déclaration suivante à Toronto lors de l'annonce par plusieurs institutions financières canadiennes du lancement d'un fonds canadien pour l'expansion des entreprises : « Le gouvernement du Canada accueille favorablement l'annonce des grandes institutions financières canadiennes d'établir un fonds pour l'expansion des entreprises, lequel fonds aidera les sociétés canadiennes ambitieuses à obtenir les capitaux dont elles ont besoin pour croître et réussir sur la scène mondiale. Cela les aidera à créer de bons emplois bien rémunérés pour la classe moyenne et contribuera à la croissance de l'économie canadienne d'une manière durable. « Je veux remercier toutes les institutions participantes pour le leadership dont elles ont fait preuve en donnant rapidement suite à cette recommandation récente du Conseil consultatif en matière de croissance économique, et pour le travail qu'elles ont abbatu pour transformer de bons conseils en une réalité concrète. » La ministre de la Petite Entreprise et du Tourisme et leader du gouvernement à la Chambre des communes, Bardish Chagger, a ajouté : « En collaborant pour investir dans l'activité des entrepreneurs canadiens, nos grandes institutions financières investissent non seulement dans l'économie canadienne, mais aussi dans la population de notre pays. « Ce fonds canadien pour l'expansion des entreprises appuiera les femmes et les hommes qui travaillent fort pour développer les entreprises et créer davantage d'emplois pour la classe moyenne dans tout le pays. Les entrepreneurs que j'ai rencontrés d'un océan à l'autre demandaient un accès à ces types précis de capitaux et de mentorat. Je ne peux pas imaginer un meilleur vote de confiance dans le grand potentiel des Canadiens qui sont propriétaires de petites et moyennes entreprises et qui y travaillent. » Les faits en bref La taille cible des investissements totaux du fonds s'établit à 1 milliard de dollars sur 10 ans, assortie d'un engagement initial de plus de 500 millions de dollars, qui vise à combler un besoin de financement en proposant des participations minoritaires au capital d'entreprises canadiennes ambitieuses qui cherchent à développer leurs entreprises. Le fonds vise à remédier à une lacune dans le segment du marché se situant entre les options de financement à petite échelle généralement disponibles aux entrepreneurs et petites entreprises, d'une part, et l'éventail de sources de fonds disponibles aux plus grandes entreprises mieux établies, d'autre part. L'investissement type dans chaque entreprise bénéficiant du fonds devrait se situer entre 3 millions et 20 millions de dollars. Le fonds appliquera la prise de décisions et la discipline commerciales en ce qui concerne les investissements, et il fournira des conseils, un mentorat et un accès aux bassins d'employés talentueux afin d'aider les entreprises à réaliser leur plein potentiel. Source: https://www. fin. gc. ca/n17/17-014-eng. asp


- Published: 2017-10-05
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/canadian-business-growth-fund-announces-chief-executive-officer-and-independent-chair/

Canadian Business Growth Fund Announces Chief Executive Officer and Independent ChairThe Canadian Business Growth Fund, which will be an independently managed entity supported by Canada's leading banks and insurance companies, today announced the appointment of George Rossolatos to the position of Chief Executive Officer effective January 2018. Mr. Rossolatos will be working alongside Dale Ponder, the fund's newly appointed independent Chair. "We're delighted to have George Rossolatos agree to take on the role of CEO of the Canadian Business Growth Fund," said Barbara Hooper, Interim Co-Chair of the Canadian Business Growth Fund and EVP, Treasury and Balance Sheet Management, TD Bank Group. "He brings strong experience from the private equity and investment industry, as well as exceptional leadership and a proven track record of building relationships with stakeholders. We're also very happy to have Dale Ponder join as the Chair of the Board. Her deep experience in mergers and acquisitions, securities regulation and corporate governance will be an asset as we prepare to officially launch the fund. " "I'm honoured to help some of Canada's best and brightest entrepreneurs build their companies into tomorrow's industry leaders," said George Rossolatos. "Canada's small- and medium-sized businesses are the lifeblood of the Canadian economy as well as significant job creators. Through the fund, we will have the opportunity to invest up to $1 billion in these companies over the next decade that will enable growth, foster talent and help businesses turn vision into reality. " Mr. Rossolatos brings more than 20 years of private equity, operational and consulting experience to this role. An accredited CPA and MBA, he has also held the role of CEO for a publicly traded company and led a successful turnaround and subsequent acquisition strategy. An active member of numerous boards over the years, Mr. Rossolatos brings strong relationship building, leadership and team building skills to the role. "I'm happy to be working with such an outstanding group of Canadian business leaders and look forward to collaborating together as we work toward our common goal of supporting Canadian businesses in their pursuit of growth and innovation," said Ms. Ponder. A managing partner and co-chair at a leading Canadian law firm, Ms. Ponder also brings extensive board experience in both the private and non-profit sectors. During her many years of experience in the legal profession, Ms. Ponder has worked in a broad range of relevant areas and across a wide variety of sectors including mining, consumer and financial services. The fund will establish an advisory network to provide mentorship to help close some of the knowledge gaps preventing many mid-sized companies from achieving their full growth potential at home and globally. The fund will begin building its team and infrastructure in early 2018 and start assessing investment opportunities in the months that follow. As previously announced, the fund is expected to have initial capital commitments of over $500 million, with the possibility for future contributions of up to $1 billion in the aggregate in future years, depending upon both demand for investment and the fund's performance. Initial participants include: BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank, The Toronto-Dominion Bank, Manulife, Sun Life Financial, Great-West Life, National Bank of Canada, HSBC Bank Canada, ATB Financial, Laurentian Bank of Canada, and Canadian Western Bank. Once the fund is formed, other institutions will be able to invest in the fund. ABOUT THE CANADIAN BUSINESS GROWTH FUND The Canadian Business Growth Fund is an independently managed entity supported by Canada's leading banks and insurance companies. The fund's mission is to foster innovation through investments in small- and medium-sized Canadian companies seeking long-term, patient, minority capital to finance continued growth. With initial capital commitments of over $500 million, future contributions are projected to reach an aggregate of $1 billion. The fund will facilitate mentorship and access to talent pools and help these businesses achieve their full potential. Source: https://www. newswire. ca/news-releases/canadian-business-growth-fund-announces-chief-executive-officer-and-independent-chair-649573333. html


- Published: 2017-03-09
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/banks-and-insurance-companies-announce-canadian-business-growth-fund-of-up-to-1b/

Banks and Insurance Companies Announce Canadian Business Growth Fund of up to $1BCanada's leading banks and insurance companies today announced their intent to create a fund to invest up to $1 billion in Canadian businesses over the next decade to bolster growth and innovation. The Canadian Business Growth Fund will make investments in small- and medium-sized Canadian companies seeking long-term, patient, minority capital to finance continued growth and to allow the scaling up of existing operations. Typical investment amounts in each company will range between $3 million and $20 million. Importantly, the fund will facilitate mentorship and access to talent pools to help these businesses achieve their full potential. The fund is expected to have initial capital commitments of over $500 million, with the possibility for future contributions of up to $1 billion in future years, depending upon both demand for investment and the fund's performance. Initial participants include: BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank, The Toronto-Dominion Bank, Manulife, Sun Life Financial, Great-West Life, National Bank of Canada, HSBC Bank Canada, ATB Financial, Laurentian Bank of Canada, and Canadian Western Bank. Other institutions are considering involvement and a broad range of financial institutions will be able to invest in the fund when it is formed. The fund will operate as an independently managed entity, supported by its investors with its own board of directors and management team, with an objective of having offices and personnel across Canada. The board will be comprised of independent directors and representatives from the initial investors. The Fund will begin a search for an independent chair, along with a chief executive officer, with the intention to have an executive team in place to start deploying capital within the next 12 months. The executive team will also be tasked with developing an advisory network to provide mentorship, thereby closing some of the knowledge gaps preventing many mid-sized companies from achieving their full growth potential at home and globally. The aim is to help business founders maintain effective control of their companies to execute on their vision as they grow and expand. This announcement follows the publication of the second report from the Minister of Finance's Advisory Council for Economic Growth, which identified a gap in the Canadian market for long-term capital and recommended the creation of a private sector-led growth fund for minority equity stakes in companies. One of the goals of the Fund is to ultimately help Canadian companies grow outside of Canada, creating a vibrant, innovative and diversified economy that will spur the creation of jobs and growth for our country. A further announcement will be made in due course. BGF Board Representatives: ATB Financial – Curtis Stange, Bank of Montreal – Nadim Hirji, Scotiabank – Philip Smith, CIBC – Stephen Forbes, Manulife – Vipon Ghai, National Bank of Canada – Mark Mulroney, Royal Bank of Canada – Jamie Anderson, Toronto-Dominion Bank – Barbara Hooper. Source: https://www. newswire. ca/news-releases/banks-and-insurance-companies-announce-canadian-business-growth-fund-of-up-to-1b-615773523. html


- Published: 2017-03-09
- Modified: 2026-04-16
- URL: https://cbgf.com/news-insights/ministers-morneau-and-chagger-welcome-launch-of-the-canadian-business-growth-fund/

Ministers Morneau and Chagger Welcome Launch of the Canadian Business Growth FundFinance Minister Bill Morneau today issued the following statement at an event in Toronto where several Canadian financial institutions announced the launch of the Canadian Business Growth Fund: "The Government of Canada welcomes the announcement by Canada's leading financial institutions to establish a business growth fund that will help ambitious Canadian companies get the capital they need to grow and succeed globally. This will help them create good, well-paying middle class jobs, and will grow Canada's economy over the long term. "I want to thank all of the participating institutions for their leadership in seizing upon this recent recommendation by the Advisory Council on Economic Growth, and for their hard work in turning good advice into a concrete reality. " Minister of Small Business and Tourism and Leader of the Government in the House of Commons Bardish Chagger added: "By working together to invest in Canadian entrepreneurs, our major financial institutions are investing not only in Canada's economy but in our country's people. "The Canadian Business Growth Fund will support the men and women working hard to grow companies and create more middle class jobs across the country. The entrepreneurs I've met from coast to coast to coast have been asking for access to exactly this kind of capital and mentorship. I can't think of a better vote of confidence in the great potential of Canadians who own and work in small and medium-sized businesses. " QUICK FACTS The Fund will target investing $1 billion over 10 years, starting with an initial commitment of more than $500 million, aiming to fill a capital need by offering minority equity investments in ambitious Canadian companies seeking to grow their businesses. The Fund aims to fill a gap between the small-scale financing options generally available to entrepreneurs and smaller firms, and the range of sources available to larger, more established companies. A typical investment amount in each company that benefits from the Fund is expected to range between $3 million and $20 million. The Fund will apply commercial decision-making and discipline to investments, and will provide advice, mentorship and access to talent pools to help firms realize their full potential. Source: https://www. fin. gc. ca/n17/17-014-eng. asp




## Portfolios

- Published: 2026-02-10
- Modified: 2026-02-10
- URL: https://cbgf.com/fr/portfolio/appficiency/

Le Groupe de sociétés Appficiency est une société internationale de conseil en informatique et de développement de logiciels qui fournit des services de transformation numérique aux entreprises. L'organisation opère à travers trois groupes principaux : le Groupe de services Appficiency (Appficiency, NimbusPoint, AskCipher et Root Digital Advisors), qui se concentre sur le conseil en informatique et la transformation numérique ; SnapOn Software, qui développe des solutions logicielles propriétaires pour les entreprises ; et Capficiency, qui mène des initiatives stratégiques de fusion-acquisition. Depuis 2014, Appficiency fournit des services de conseil numérique de bout en bout, notamment la mise en place, l'optimisation, l'assistance, la personnalisation et l'intégration sur Oracle NetSuite, Salesforce, Microsoft et d'autres piles technologiques. La société développe également des solutions logicielles propriétaires par l'intermédiaire de sa division SnapOn Software. Elle est reconnue pour améliorer l'efficacité opérationnelle, faciliter la transformation numérique et résoudre des défis commerciaux complexes grâce à son expertise approfondie de l’industrie. L'équipe du Groupe Appficiency fournit des solutions sur mesure qui répondent aux besoins des clients, allant de la gestion avancée des coûts et du contrôle des projets à l'intégration de systèmes évolutifs. Grâce à ses connaissances spécialisées dans les domaines de la construction, de la fabrication, du transport et de la logistique, des médias, de l'éducation et d'autres secteurs, la société aide ses clients à rationaliser leurs opérations et à améliorer leur rendement de manière mesurable. Appficiency est dirigée par Johnny Than (fondateur et PDG d'Appficiency Group Services), Carlos Palacio (PDG de SnapOn Software) et Michael Diep (directeur général de Capficiency), aux côtés d'une équipe de direction chevronnée possédant une vaste expérience dans les domaines des logiciels d'entreprise, de l'intégration de systèmes et de la livraison mondiale.


- Published: 2026-02-09
- Modified: 2026-02-13
- URL: https://cbgf.com/portfolio/appficiency/

Appficiency Group of Companies is a global IT consulting firm and software business providing enterprise digital transformation services to businesses. The organization operates through three main business groups: Appficiency Group Services (Appficiency, NimbusPoint, AskCipher, and Root Digital Advisors), which focuses on IT consulting and digital transformation; SnapOn Software, which develops proprietary enterprise software solutions; and Capficiency, the private equity arm, which drives strategic M&A initiatives. Since 2014, Appficiency has provided end-to-end digital consultancy services, including implementation, optimization, support, customizations, and integrations across Oracle NetSuite, Salesforce, Microsoft and other tech stacks. The Company also develops proprietary software solutions through its SnapOn Software division. The firm is recognized for driving operational efficiency, enabling digital transformation, and solving complex business challenges through deep sector expertise. The Appficiency Group’s team delivers tailored solutions that address client needs, from advanced job-costing and project controls to scalable system integrations. With specialized knowledge across construction, manufacturing, transportation and logistics, media, education and other industries, the Company helps clients streamline operations and achieve measurable performance improvements. Appficiency is led by Johnny Than (Founder & CEO of Appficiency Group Services), Carlos Palacio (CEO of SnapOn Software), and Michael Diep (Managing Director of Capficiency), alongside a seasoned leadership team with extensive experience in enterprise software, systems integration, and global delivery.


- Published: 2025-07-09
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/minus-waste-solutions/

Minus Waste Solutions est l'un des principaux fournisseurs de services de recyclage des déchets alimentaires et liquides commerciaux en Ontario. Minus intervient dans les domaines des déchets solides, des déchets liquides et de l'élimination axée sur la technologie, aidant ses clients à réduire leur empreinte environnementale et à soutenir l'économie circulaire. Minus recherche activement des opérateurs partageant ses valeurs et son engagement en faveur d'une gestion durable des déchets, et souhaitant rejoindre une plateforme en pleine croissance et animée par une mission. Minus est dirigée par Louis Anagnostakos (PDG), qui apporte plus de 30 ans d'expérience dans le développement et la direction d'entreprises prospères dans le domaine des services de gestion des déchets.


- Published: 2025-07-09
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/minus-waste-solutions/

Minus Waste Solutions is one of Ontario’s leading providers of commercial food and liquid waste recycling services. Minus operates across solid waste, liquid waste, and technology-driven disposal, helping customers reduce their environmental footprint and support the circular economy. Minus is actively looking to acquire value-aligned operators that share its commitment to sustainable waste management and want to join a growing, mission-driven platform. Minus is led by Louis Anagnostakos (CEO), who brings over 30 years of experience in scaling and leading successful waste services businesses.


- Published: 2025-06-05
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/litco-lso/

Litco LSO est une organisation d'assistance juridique qui fournit des services administratifs aux cabinets d'avocats afin qu'ils puissent se concentrer sur l'exercice du droit au plus haut niveau, tout en développant leur activité et en protégeant leur héritage. Litco LSO soutient actuellement Litco Law (Alberta), Valent Legal (Nouvelle-Écosse) et Evans & Davis (21 États américains). Fondé à Calgary, en Alberta, en 1976, Litco Law est le fruit du travail d'un couple, Larry et Marianne Litwiniuk. Après 30 ans passés à offrir d'excellents services aux Albertains, Larry et Marianne étaient prêts à transmettre leur héritage à leurs fils, Todd et Fred. Après avoir développé avec succès Litco Law, Todd et Fred ont décidé de lancer Litco LSO, ce qui leur permet d'aider d'autres cabinets d'avocats au-delà de Litco Law à mettre en œuvre un modèle opérationnel unique qui rationalise les opérations commerciales. Litco LSO fournit des services juridiques à des particuliers dans un certain nombre de domaines. La société met en œuvre une stratégie de consolidation et est bien placée pour devenir un acteur de premier plan dans un secteur très fragmenté. Litco LSO est dirigée par Todd (chef de la direction) et Fred Litwiniuk (chef de la croissance) et s'appuie sur une équipe de direction possédant une vaste expérience dans le secteur juridique et dans le développement d'entreprises.


- Published: 2025-06-05
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/litco-lso/

Litco LSO is a legal support organization that provides back-end operations to law firms so they can focus on practicing law at the highest level, while growing their business and protecting their legacy. Litco LSO currently supports Litco Law (Alberta), Valent Legal (Nova Scotia), and Evans & Davis (21 states across America). Founded in Calgary, Alberta, in 1976, husband and wife team Larry and Marianne Litwiniuk started Litco Law. After 30 years of providing great services to Albertans, Larry and Marianne were ready to pass on their legacy to their sons, Todd and Fred. After successfully scaling Litco Law, Todd & Fred decided to launch Litco LSO, allowing them to help other law firms beyond Litco Law implement a unique operating model that streamlines business operations. Litco LSO focuses on providing legal services to individuals across a number of areas. The company is executing on a consolidation strategy and is well-positioned to be a leading player in a highly fragmented industry. Litco LSO is led by Todd (Chief Executive Officer) and Fred Litwiniuk (Chief Growth Officer) and is accompanied by a management team with extensive experience in the legal sector and scaling businesses.


- Published: 2025-02-05
- Modified: 2025-02-05
- URL: https://cbgf.com/portfolio/layla-care/

Layla Care’s mission is to empower people to take control of their mental health. Layla’s team uses patient-centric innovation to understand and address gaps in the ever-changing realities in mental health in Canada. Today, Layla is a service that facilitates personalized individual, couples, family, and group therapy directly to the public as well as in collaboration with partners in the broader healthcare sector. Since its inception in 2009, Layla has guided thousands of Canadians on their well-being journey. Layla’s leadership team combines expertise across clinical, technology, and business functions from leading organizations in Canada.


- Published: 2025-02-05
- Modified: 2025-04-25
- URL: https://cbgf.com/fr/portfolio/layla-care/

La mission de Layla Care vise à permettre aux gens de prendre le contrôle de leur santé mentale. L'équipe de Layla utilise l'innovation centrée sur le patient pour comprendre et combler les lacunes dans les réalités en constante évolution de la santé mentale au Canada. Aujourd'hui, Layla est un service qui facilite les thérapies personnalisées individuelles, de couple, familiales et de groupe, directement auprès du public, ainsi qu'en collaboration avec des partenaires du secteur de la santé au sens large. Depuis sa création en 2009, Layla a guidé des milliers de Canadiens sur la voie du bien-être. L'équipe de direction de Layla combine l'expertise des fonctions cliniques, technologiques et commerciales d'organisations de premier plan au Canada.


- Published: 2023-06-14
- Modified: 2023-09-19
- URL: https://cbgf.com/fr/portfolio/fundthrough/

FundThrough est une plateforme technologique de financement de factures qui génère des offres de financement rapides et personnalisées afin d'accélérer le flux de trésorerie des petites et moyennes entreprises B2B en croissance dans toute l'Amérique du Nord. Fondée à Toronto en Ontario, FundThrough paie les factures en souffrance en quelques jours grâce à un processus simple, permettant ainsi aux PME d'accéder à des liquidités qu'elles ont déjà gagnées. FundThrough a aidé des milliers de PME dans une multitude d'industries à débloquer plus d'un milliard de dollars en capital pour les dépenses quotidiennes, les initiatives de croissance et d'autres projets d'expansion. FundThrough est dirigée par les cofondateurs Steven Uster (PDG) et Deepak Ramachandran (technicien en chef), qui apportent leur vaste expérience des marchés financiers, de la technologie et de la croissance des entreprises.


- Published: 2023-06-14
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/fundthrough/

FundThrough is a tech-powered invoice funding platform that generates fast, customized funding solutions to accelerate cash flow for growing small and medium sized B2B businesses across North America. Founded in Toronto, ON, FundThrough pays outstanding invoices in days through an easy process, providing SMBs with access to cash they’ve already earned. FundThrough has helped thousands of SMBs across a multitude of industries unlock more than a billion dollars in capital for everyday expenses, growth initiatives, and other expansionary projects. FundThrough is led by co-founders Steven Uster (CEO) and Deepak Ramachandran (CTO), who bring extensive experience in capital markets, technology, and scaling businesses.


- Published: 2023-02-03
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/specialty-medical-partners/

Specialty Medical Partners (« SMP ») est un consolidateur d’établissements de soins de santé indépendants dans les domaines de la cardiologie, de la pneumologie et de la médecine interne. Fondée à Toronto, ON, la plateforme de soins de santé de Specialty Medical Partners aide les médecins à gérer leurs pratiques fondées sur l’évaluation en réduisant les charges administratives et opérationnelles quotidiennes, leur permettant ainsi de se concentrer sur leurs tâches professionnelles. SMP a complété sa première acquisition du Ottawa Cardiovascular Centre Group (« OCC Group »), une plateforme de cardiologie composée de trois cliniques à Ottawa. Depuis, SMP a réalisé six acquisitions supplémentaires afin d'étendre la plateforme à 18 cliniques opérationnelles en Ontario, fournissant des services de cardiologie et d'imagerie diagnostique. Specialty Medical Partners est dirigée par les cofondateurs Michael Black (PDG) et Graham Neil (directeur financier), qui possèdent une vaste expérience de la croissance et de l’exploitation d’entreprises de soins de santé prospères. Mike et Graham sont rejoints par le Dr Cameron Gilbert (président), Olia Galeva (chef de l’exploitation) et le Dr Krishna Sharma (directeur de l’engagement des médecins), qui possèdent ensemble l’expérience et les compétences nécessaires en matière de consolidation des soins de santé pour mettre en œuvre leurs ambitieux plans de croissance.


- Published: 2023-02-03
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/specialty-medical-partners/

Specialty Medical Partners (“SMP”) is a consolidator of independent cardiology, respirology and internal medicine healthcare facilities. Founded in Toronto, ON, Specialty Medical Partners’ healthcare platform helps physicians manage their assessment-based practices by reducing day-to-day administrative and operational burdens, allowing them to focus on their professional duties. SMP completed its initial acquisition of the Ottawa Cardiovascular Centre Group (“OCC Group”), a cardiology platform comprised of three clinics in Ottawa. Since then, SMP has made 6 additional acquisitions to grow the platform to 18 operating clinics in Ontario providing cardiology and diagnostic imaging services. Specialty Medical Partners is led by Co-Founders Michael Black (CEO), and Graham Neil (CFO), who bring extensive experience growing and operating successful healthcare roll-ups. Mike and Graham are joined by Dr. Cameron Gilbert (President), Olia Galeva (COO) and Dr. Krishna Sharma (Director of Physician Engagement), who together possess the necessary experience and skills in healthcare consolidation to execute on their ambitious plans for growth.


- Published: 2022-12-02
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/felix/

Felix is a patient-driven digital healthcare company that provides virtual end-to-end services making healthcare more accessible for Canadians. Headquartered in Toronto, Ontario, Felix provides online medical consultations, prescription delivery and ongoing care across a growing range of common, but often stigmatized, health-related concerns including acne, allergies, birth control, cold sores, erectile dysfunction and more. Through its virtual care service, Felix is able to discreetly, confidentially and reliably deliver treatment to its customers, while simultaneously creating efficiencies for doctors, clinics and the broader healthcare system. Founded in 2019, Felix is led by Co-Founders, Kyle Zien (CEO) and Emma Stern (COO), who together with their strong leadership team possess the skills and experience needed to execute on their plans for growth. TESTIMONIALS


- Published: 2022-11-28
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/felix/

Felix est une entreprise de soins de santé numériques axée sur les patients qui fournit des services virtuels de bout en bout rendant les soins de santé plus accessibles aux Canadiens. Basée à Toronto en Ontario, Felix propose des consultations médicales en ligne, la délivrance d'ordonnances et des soins continus pour un éventail croissant de problèmes de santé courants, mais souvent stigmatisés, notamment l'acné, les allergies, la contraception, l'herpès labial, la dysfonction érectile, etc. Grâce à son service de soins virtuels, Felix est en mesure de fournir un traitement discret, confidentiel et fiable à ses clients, tout en créant simultanément des gains d'efficacité pour les médecins, les cliniques et le système de santé au sens large. Fondée en 2019, Felix est dirigée par les cofondateurs, Kyle Zien (PDG) et Emma Stern (CE), qui, avec leur solide équipe de direction, possèdent les compétences et l'expérience nécessaires pour exécuter leurs plans de croissance. TÉMOIGNAGES


- Published: 2022-10-26
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/changemakers/

ChangeMakers est une société indépendante de premier plan spécialisée dans la gestion de la réputation, les conséquences sociales et le marketing, basée à Toronto en Ontario. ChangeMakers combine une expertise commerciale approfondie et des stratégies centrées sur l'humain pour aider ses clients à réussir dans un monde de perturbations. Formée en 2022 par l'union de six des principales sociétés canadiennes de marketing, de relations publiques, de stratégie de marque, de publicité, d'engagement et de conseil aux autochtones, ChangeMakers combine des décennies d'expérience en tant que partenaire essentiel à la réussite de ses clients. De plus, le partenariat de l'entreprise avec les nations autochtones et son expertise en matière de gouvernance, de négociation, de développement économique, d'engagement et de communication en font le partenaire idéal pour résoudre les problèmes impliquant de multiples parties prenantes. Changemakers emploie plus de 400 personnes et possède des bureaux au Canada et aux États-Unis. ChangeMakers est dirigé par son PDG, Stefan Moores


- Published: 2022-10-26
- Modified: 2026-03-03
- URL: https://cbgf.com/portfolio/changemakers/

ChangeMakers is a leading independent reputation management, social impact and marketing firm based in Toronto, ON. ChangeMakers combines deep business expertise and human-centred strategies to support its clients to succeed in a disruptive world. Formed in 2022 by uniting six of Canada’s leading marketing, public relations, brand strategy, advertising, engagement and Indigenous advisory firms, ChangeMakers combines decades of experience as an essential partner in driving client success. In addition, the company’s partnership with Indigenous Nations and expertise in governance, negotiation, economic development, engagement and communication makes it the ideal partner in addressing multistakeholder problems. Changemakers employs over 400 people with offices throughout Canada and the US. ChangeMakers is led by its CEO, Stefan Moores.


- Published: 2022-07-26
- Modified: 2023-06-12
- URL: https://cbgf.com/fr/portfolio/procedureflow/

ProcedureFlow est un logiciel de gestion des connaissances conçu pour aider les organisations à numériser leurs opérations en visualisant leurs processus. Établie à Saint John au Nouveau-Brunswick, ProcedureFlow fournit aux employés l'information dont ils ont besoin au moment précis où ils en ont besoin, et ce, pour toute une gamme de fonctions, notamment la formation et l'intégration des employés, le service à la clientèle, les opérations et plus encore. ProcedureFlow simplifie la façon dont les employés naviguent à travers les renseignements de l'entreprise, ce qui facilite le respect des procédures et l'efficacité opérationnelle. Fondée en 2015, ProcedureFlow est dirigée par Daniella Degrace (cofondatrice et PDG) et son l'équipe de direction chevronnée, qui possèdent ensemble les compétences et l’expérience nécessaires pour exécuter leurs plans de croissance.


- Published: 2022-07-22
- Modified: 2026-03-03
- URL: https://cbgf.com/portfolio/procedureflow/

ProcedureFlow is a knowledge management software designed to help organizations digitize their operations by visualizing their processes. Headquartered in Saint John, New Brunswick, ProcedureFlow equips employees with the information they need at the precise moment they need it across a range of functions, including employee training and onboarding, customer service, operations, and more. ProcedureFlow simplifies the way employees navigate company information, making it easy to follow procedures and deliver operational efficiency. Founded in 2015, ProcedureFlow is led by Daniella Degrace (Co-Founder & CEO) and her strong management team, who together possess the skills and experience needed to execute on their plans for growth.


- Published: 2022-05-25
- Modified: 2025-01-22
- URL: https://cbgf.com/portfolio/amilia/

Amilia is an activity and recreation eCommerce company on a mission to revolutionize the way organizations operate and manage their businesses. Headquartered in Montreal, Quebec, Amilia’s all-in-one platform solution, SmartRec, enables organizations to engage with their communities by streamlining customer registration, membership management, facility booking, payment and invoicing services, and back-office functions. The company’s customers include SMEs and municipal organizations across North America. Founded in 2009, Amilia is led by Hugo Lachance, CEO, who possesses the skills and experience needed to execute on their plants for growth.


- Published: 2022-05-25
- Modified: 2025-01-22
- URL: https://cbgf.com/fr/portfolio/amilia/

Amilia est une entreprise de commerce électronique spécialisée dans les activités et les loisirs qui a pour mission de révolutionner la façon dont les organisations fonctionnent et gèrent leurs affaires. Basée à Montréal au Québec, la solution de plateforme tout-en-un d'Amilia, SmartRec, permet aux organisations de s'engager auprès de leurs communautés en simplifiant l'inscription des clients, la gestion des membres, la réservation des installations, les services de paiement et de facturation, ainsi que les fonctions de services administratifs. La société compte parmi ses clients des PME et des organismes municipaux partout en Amérique du Nord. Fondée en 2009, Amilia est dirigée par Hugo Lachance, PDG, qui possède les compétences et l’expérience nécessaires pour mettre en place ses plans de croissance.


- Published: 2021-12-16
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/purefacts-financial-solutions-inc/

Fondée en 2010, PureFacts Financial Solutions Inc. (« PureFacts ») est un fournisseur SaaS primé de solutions de gestion des revenus de bout en bout pour le secteur de la gestion d'actifs et de patrimoine. Basée à Toronto, en Ontario, PureFacts aide certaines des sociétés de gestion de patrimoine, de gestion d'actifs et de services d'actifs les plus importantes et les plus reconnues à gérer et à accroître leurs revenus. La plateforme PureRevenue permet une gestion évolutive des revenus en alimentant l'ensemble du cycle de vie des revenus. Les entreprises calculent, collectent, distribuent, incitent et optimisent leurs revenus à l'aide du moteur d'honoraires enrichi par l'IA de PureFacts, de l'application de rémunération incitative et de l'intelligence commerciale sur les revenus, le tout alimenté par un système d'enregistrement unique pour la gestion des revenus. Les clients de PureFacts sont plus performants en conservant davantage de clients, en offrant une valeur ajoutée, en améliorant la productivité, en incitant correctement les conseillers et les distributeurs, en évitant les erreurs coûteuses et en trouvant des opportunités d'optimisation. Avec des bureaux au Canada, aux États-Unis et en Europe, PureFacts a été reconnue pour son innovation et son excellence, notamment en étant sélectionnée pour les prix WealthTech100, AIFinTech100 et ESGFinTech100. En juillet 2024, GrowthCurve Capital (« GrowthCurve ») a acquis une participation majoritaire dans PureFacts. Dans le cadre de cette transaction, le CBGF s'est entièrement désengagé de son investissement dans PureFacts. TÉMOIGNAGES


- Published: 2021-12-16
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/purefacts-financial-solutions-inc/

Founded in 2010, PureFacts Financial Solutions Inc. (“PureFacts”) is an award-winning SaaS provider of end-to-end revenue management solutions for the asset and wealth management sector. Headquartered in Toronto, Ontario, PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts’ customers outperform by retaining more clients, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. PureFacts management rolled a significant portion of their equity position into the partnership with GrowthCurve. CBGF fully exited its investment in PureFacts as part of the transaction. TESTIMONIALS


- Published: 2021-12-06
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/kudos-inc/

Basée à Calgary en Alberta, la plateforme Kudos® permet aux entreprises de tirer parti du pouvoir de la reconnaissance entre pairs pour favoriser l'engagement des employés, renforcer les valeurs de l'entreprise, réduire le roulement du personnel, améliorer la culture et, en fin de compte, stimuler la productivité et le rendement. Kudos® fournit aux entreprises des analyses de personnes en temps réel sur la culture organisationnelle, le rendement, les relations et le comportement. Grâce à ces informations, les clients peuvent évaluer efficacement les points sensibles afin de prévenir le roulement du personnel, de stimuler le rendement de leurs équipes et de mieux comprendre l'expérience de leurs employés. Kudos® est dirigé par Muni Boga (CEO) et Tom Short (CSC). L'équipe de direction de Kudos® possède des décennies d'expérience dans les domaines de la technologie, des produits, des ventes et du marketing, après avoir fait évoluer plusieurs organisations. Depuis sa création en 2010, la société s'est développée pour permettre à ses clients de travailler dans plus de 80 pays et en 11 langues. TÉMOIGNAGES


- Published: 2021-12-06
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/kudos-inc/

Kudos® Inc. , headquartered in Calgary, Alberta, is a mid-market and enterprise employee recognition and analytics company. The Kudos® platform allows organizations to leverage the power of peer-to-peer recognition to enable employee engagement, reinforce corporate values, reduce turnover, enhance culture, and ultimately drive productivity and performance. Kudos® provides businesses with real-time people analytics on organizational culture, performance, relationships, and behaviour. With these insights, clients can effectively assess pain points, drive performance amongst their teams, and develop a better understanding of their employee experience. Kudos® is led by Muni Boga (CEO) and Tom Short (CCO). The Kudos® leadership team brings decades of technology, product, sales, and marketing experience having scaled several organizations. Kudos® has grown from its inception in 2010 to enabling its clients in over 80 countries and 11 languages. TESTIMONIALS


- Published: 2021-11-23
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/neovation/

Neovation Corporation, headquartered in Winnipeg, Manitoba, is a global leader in corporate learning and development solutions. Since its inception in 2012, Neovation has been dedicated to transforming how organizations onboard, train and empower their employees through innovative technologies and services. The company offers a comprehensive suite of solutions, including Learning Management System (LMS) platforms, custom course design, and related professional services to address diverse training needs. Under the leadership of Founder and CEO Dan Belhassen, Neovation has grown into a thriving company of nearly 100 employees. Neovation’s flagship offerings—SmarterU, OttoLearn, JoyLMS (launching in 2026), and its Custom Learning division—are designed to build and enhance robust eLearning ecosystems. These tools drive impactful compliance training, onboarding, health and safety education, and product knowledge development for hundreds of organizations and hundreds of thousands of learners worldwide. Neovation’s mission is to help organizations be powered by knowledge by elevating their workforce training and knowledge management to achieve meaningful business outcomes TESTIMONIALS


- Published: 2021-11-23
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/neovation/

Neovation Corporation, dont le siège social se trouve à Winnipeg, au Manitoba, est un chef de file mondial en matière de solutions d'apprentissage et de perfectionnement en entreprise. Depuis sa création en 2012, Neovation se consacre à transformer la façon dont les organisations accueillent, forment et habilitent leurs employés grâce à des technologies et à des services novateurs. La société offre une gamme complète de solutions, y compris des plates-formes de systèmes de gestion de l'apprentissage (SGA), la conception de cours personnalisés et des services professionnels connexes pour répondre aux divers besoins de formation. Sous la direction du fondateur et PDG Dan Belhassen, Neovation est devenue une entreprise florissante de près de 100 employés. Les offres phares de Neovation - SmartU, OttoLearn, JoyLMS (lancement en 2026) et sa division Custom Learning - sont conçues pour établir et améliorer de solides écosystèmes d'apprentissage en ligne. Ces outils permettent à des centaines d'organisations et à des centaines de milliers d'apprenants dans le monde entier de bénéficier d'une formation efficace en matière de conformité, d'intégration, d'éducation à la santé et à la sécurité, et de développement des connaissances sur les produits. La mission de Neovation consiste à aider les organisations à être alimentées par les connaissances en améliorant la formation de leur personnel et la gestion des connaissances afin d'obtenir des résultats commerciaux significatifs. TÉMOIGNAGES


- Published: 2021-10-21
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/homestyle-selections-lp/

Homestyle Selections LP est une plateforme de premier plan dans l'industrie des aliments préparés frais dont le siège social est situé à Edmonton en Alberta. Homestyle est la société mère de Freshstone Brands Inc. , qui comprend Tiffany Gate Foods, et de Kitchen Partners Ltd. La plateforme exploite des installations de production dans tout le Canada et offre des produits alimentaires préparés frais de haute qualité, notamment des salades assaisonnées, des entrées prêtes à consommer, des plats d'accompagnement, des trempettes et des sauces. La plateforme Homestyle dessert certaines des plus grandes entreprises de vente au détail et de services alimentaires au Canada, notamment Loblaws, Boston Pizza, Metro et Sobeys, et emploie plus de 500 personnes à travers le pays. Fondée en 2019, la société Homestyle est dirigée par Frank Burdzy, PDG, et Leigh Newton, chef du développement, qui ont collectivement plus de 40 ans d'expérience d'exploitation et de gestion au sein de l'industrie alimentaire canadienne et mondiale.


- Published: 2021-10-21
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/homestyle-selections-lp/

Homestyle Selections LP is a leading platform in the fresh prepared food industry headquartered in Edmonton, Alberta. Homestyle is the parent company of Freshstone Brands Inc. which includes Tiffany Gate Foods, and Kitchen Partners Ltd. The platform operates production facilities across Canada offering high-quality fresh prepared food products including dressed salads, ready-to-eat entrees, side dishes, dips and sauces. The Homestyle platform services some of the largest retail and food service companies in Canada such as Loblaws, Boston Pizza, Metro and Sobeys, and employs over 500 people across the country. Founded in 2019, Homestyle is led by Frank Burdzy, CEO, and Leigh Newton, Chief Development Officer, who collectively have over 40 years of operational and managerial experience within the Canadian and Global food industry.


- Published: 2021-09-29
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/stephano/

Stephano Group Ltd. est un fabricant de produits céréaliers et granolas. La société, dont le siège social est situé à Etobicoke en Ontario, produit et fournit des céréales froides, des céréales chaudes et des produits à base de céréales et de barres nutritionnelles ainsi que des collations sous marque privée ou en co-fabrication. Les dix chaînes de production de Stephano produisent une gamme de produits de déjeuner et de collation qui incluent des installations certifiées biologiques, sans OGM, sans gluten, avec contrôle des allergènes et casher. Fondée en 1978 par le couple Steve Frank et Annette Blaeske, Stephano est dirigée par les frères de deuxième génération, Noah (président) et Sean Frank (PDG), qui gèrent l'entreprise familiale dans deux usines de fabrication à Etobicoke et Mississauga. Le CBGF croit que la famille Frank et l'équipe de Stephano ont l'expertise nécessaire pour continuer à réaliser leur vision de faire de Stephano un fabricant de marque privée de produits granolas de haute qualité en Amérique du Nord. TÉMOIGNAGES


- Published: 2021-09-29
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/stephano/

Stephano Group Ltd. is a manufacturer of cereal and granola products. Headquartered in Etobicoke, Ontario, the company produces and provides cold cereal, hot cereal, and cereal / nutritional bar products and snacks on private label or co-manufactured basis. Stephano’s 10 production lines produce a range of breakfast and snack products which include Organic, Non-GMO, Gluten Free, allergen-controlled, and Kosher certified capabilities. Founded in 1978 by husband and wife, Steve Frank and Annette Blaeske, Stephano is led by the second-generation brothers, Noah (President) and Sean Frank (CEO), who run the family business at two production facilities in Etobicoke and Mississauga. CBGF believes that the Frank family and the Stephano team have the expertise to continue to execute on their vision of growing Stephano into a leading private label manufacturer of high-quality granola products in North America. TESTIMONIALS


- Published: 2021-09-08
- Modified: 2025-01-23
- URL: https://cbgf.com/fr/portfolio/shopperplus/

ShopperPlus Inc. est une société de commerce électronique de détail qui offre des fournitures de bureau et de maison aux consommateurs canadiens. L’entreprise, dont le siège social est situé à Montréal, au Québec, offre une plateforme de commerce électronique qui propose des produits de tous les jours fiables et économiques, comme des fournitures de bureau, des appareils électroniques et des accessoires, ainsi que d’autres articles essentiels pour la maison. ShopperPlus a également développé quatre marques privées : PrimeCables, Moustache, LivingBasics et SortWise. Fondée en 2007, ShopperPlus est dirigée par Jack Zhan, PDG. Avec son équipe de direction, ShopperPlus a agrandi son équipe à plus de 150 employés travaillant dans ses centres de Montréal et de Guangzhou, en Chine.


- Published: 2021-09-08
- Modified: 2025-01-23
- URL: https://cbgf.com/portfolio/shopperplus/

ShopperPlus Inc. is a retail e-commerce company providing office and home supplies to Canadian consumers. Headquartered in Montreal, Quebec, the company provides an e-commerce platform offering cost-effective and reliable everyday products such as office supplies, electronics & accessories, and other home essentials. ShopperPlus has also developed four private label brands: PrimeCables, Moustache, LivingBasics and SortWise. Founded in 2007, ShopperPlus is led by Jack Zhan, CEO. Together with his management team, ShopperPlus has grown its team to over 150 employees operating out of its Montreal and Guangzhou, China centres.


- Published: 2021-07-26
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/cold-bore-technology/

Cold Bore Technology est une société, chef de file dans le domaine de l'automatisation et de l'analyse des complétions de puits, dont le siège social est situé à Calgary, en Alberta. La plateforme SmartPAD de Cold Bore Technology offre le premier système de contrôle principal des complétions (CMCS) sur place, au monde, pour permettre des opérations de puits entièrement autonomes grâce à sa solution matérielle et logicielle innovante. SmartPAD permet aux sociétés d'exploration et de production de pétrole et de gaz de centraliser les données provenant de sources multiples pour prendre des décisions en temps réel basées sur les données, tout en améliorant les normes ESG et la sécurité des travailleurs. Fondée en 2015, la société Cold Bore est dirigée par Blair Layton (PDG), Shane Cassell (directeur des recettes), et Alex Fortin (directeur de la technologie), qui apportent collectivement plus de 73 ans d'expérience.


- Published: 2021-07-26
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/cold-bore-technology/

Cold Bore Technology is a leading well completions automation and analytics technology company headquartered in Calgary, Alberta. Cold Bore Technology’s SmartPAD platform offers the world’s first on-site Completions Master Control System (CMCS) to enable fully autonomous well operations through its innovative hardware and software solution. SmartPAD enables oil and gas exploration and production companies to centralize data from multiple sources to make real-time data-driven decisions while improving ESG standards and worker safety. Founded in 2015, Cold Bore is led by Blair Layton (CEO), Shane Cassell (CRO), and Alex Fortin (CTO), who collectively bring over 73 years of experience.


- Published: 2021-06-23
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/connected/

En juin 2021, le CBGF a investi dans Connected, une entreprise de services de développement de produits de premier plan dont le siège social est situé à Toronto en Ontario. La société a commencé ses activités en 2014, offrant des services de développement de produits logiciels de bout en bout, y compris la recherche, la conception, la stratégie et le développement. Connected a continué à investir dans son équipe et ses services, travaillant avec des entreprises de produits de pointe, y compris des entreprises du NASDAQ 10 et du Fortune 50, pour les aider à découvrir, valider et développer des produits percutants, alimentés par des logiciels. En avril 2022, Connected a été racheté par Thoughtworks Holdings, Inc. (NASDAQ : TWKS), une société mondiale de conseil en technologie. TÉMOIGNAGE


- Published: 2021-06-23
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/connected/

CBGF invested in Connected, a leading product development services firm headquartered in Toronto, Ontario in June 2021. The company began its operations in 2014, offering end-to-end software product development services including research, design, strategy, and development. Connected continued to invest in its team and services, working with leading product companies, including both NASDAQ 10 and Fortune 50 companies, to help them discover, validate, and develop impactful software-powered products. In April 2022, Connected was acquired by Thoughtworks Holdings, Inc. (NASDAQ: TWKS) a global technology consultancy. TESTIMONIALS


- Published: 2021-01-21
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/paystone/

Paystone Inc. is a payments solution provider offering payment processing, gift card, and loyalty program services to small and medium-sized enterprises (SMEs). Paystone manages and originates merchant accounts while also providing complementary products and services, including marketing automation tools, loyalty programs, payment terminals, and point-of-sale (“POS”) system integration platforms. Paystone’s solution combines customer engagement tools with payment processing so that merchants can manage their customer interactions all in one platform while proactively leveraging customer data to build relationships and grow their business. The Company currently serves nearly 25,000 merchant locations across Canada in many industries including hospitality, retail, services, healthcare, automotive and not-for-profit. Founded in 2008, Paystone is led by its co-founders Tarique Al-Ansari (CEO) and Abdullah Saab (CFO), who have successfully scaled the business since inception. The duo brings extensive expertise in high growth B2B companies. CBGF believes that Tarique and his team have the skills and experience to continue to execute on their vision to grow Paystone into a leading provider of all-in-one payment solutions for SMEs. TESTIMONIALS


- Published: 2021-01-20
- Modified: 2022-10-04
- URL: https://cbgf.com/fr/portfolio/paystone/

Paystone Inc. est un prestataire de solutions de paiement offrant des services de traitement des paiements, de cartes cadeaux et de programmes de fidélité aux petites et moyennes entreprises (PME). Paystone gère et crée des comptes de commerçants tout en fournissant des produits et services complémentaires, notamment des outils d'automatisation du marketing, des programmes de fidélité, des terminaux de paiement et des plateformes d'intégration de systèmes de point de vente (PDV). La solution de Paystone combine les outils d'engagement des clients avec le traitement des paiements afin que les commerçants puissent gérer leurs interactions avec les clients sur une seule plateforme tout en exploitant de manière proactive les données des clients pour établir des relations et développer leur activité. La Société dessert actuellement près de 25 000 commerçants au Canada dans de nombreux secteurs, notamment l'hôtellerie, le commerce de détail, les services, les soins de santé, l'automobile et les organismes à but non lucratif. Fondée en 2008, la Société Paystone est dirigée par ses co-fondateurs Tarique Al-Ansari (PDG) et Abdullah Saab (directeur financier), qui ont réussi à faire évoluer l'entreprise depuis sa création. Le CBGF estime que Tarique et son équipe ont les compétences et l'expérience nécessaires pour continuer à réaliser leur vision de faire de Paystone un fournisseur de premier plan de solutions de paiement tout-en-un pour les PME. TÉMOIGNAGES


- Published: 2020-10-28
- Modified: 2026-03-18
- URL: https://cbgf.com/fr/portfolio/liferaft/

Liferaft Inc. est une société de renseignements de sécurité qui permet aux entreprises de passer le web au peigne fin pour identifier et surveiller les menaces potentielles pour les entreprises et la sécurité physique. Le logiciel d’identification des risques critiques de Liferaft, « Navigator », fournit une suite intégrée de fonctions d’investigation pour des cas d’utilisation tels que la gestion de crise, la surveillance des infrastructures critiques, la protection des cadres, la sécurité des installations, la prévention des fraudes, la surveillance des emplacements et la détection des menaces. Basée à Halifax, en Nouvelle-Écosse, la société est spécialisée dans la prestation d’alertes proactives et en temps réel qui permettent à une entreprise de protéger ses employés, ses clients et ses biens. En mars 2026, Liferaft a été rachetée par Securitas, un chef de file mondial dans le domaine des services de protection et des solutions de sécurité.


- Published: 2020-10-28
- Modified: 2026-03-18
- URL: https://cbgf.com/portfolio/liferaft/

Liferaft Inc. is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business and physical security threats. Liferaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features for use cases such as crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring and threat detection. Headquartered in Halifax, Nova Scotia, the company specializes in providing proactive and real-time alerts that allows a company to protect its employees, customers and assets. In March 2026, Liferaft was acquired by Securitas, a global leader in protective services and security solutions.


- Published: 2020-09-29
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/busbud/

Busbud Inc. permet aux voyageurs du monde entier d’acheter des billets d’autobus interurbains grâce à sa plateforme de réservation dans plus de 80 pays, avec plus de 3 900 opérateurs d’autobus partenaires, desservant plus de 21 000 villes. L’entreprise simplifie la façon dont les voyageurs peuvent chercher, magasiner, comparer et acheter des billets d’autobus en ligne, de la même manière que pour les vols, les hôtels et les tours guidés. Busbud s’efforce d’étendre sa position de premier courtier-fournisseur de réservations de voyages en autobus au niveau mondial. Busbud a été fondée en 2011 par ses trois co-fondateurs, LP Maurice (PDG), Michael Gradek (CTO), et Frederic Thouin (CPO), qui avec leur conseil d’administration, apportent une vaste expérience dans les entreprises à forte croissance. TÉMOIGNAGES


- Published: 2020-09-29
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/busbud/

Busbud Inc. enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80 countries worldwide, with over 3,900 bus operator partners, serving over 21,000 cities. The company simplifies the way travelers can research, shop for, compare and purchase bus tickets online in the same way they do flights, hotels and tours. Busbud is focused on extending its position as the leading global bus travel aggregator and booking provider. Busbud was founded in 2011 by its three co-founders, LP Maurice (CEO), Michael Gradek (CTO), and Frederic Thouin (CPO), who along with their Board of Directors bring extensive experience in high growth companies. TESTIMONIALS


- Published: 2020-06-24
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/librestream/

Librestream est spécialisé dans les technologies de transformation numérique, aidant les travailleurs à distance à collaborer dans le secteur des services industriels et des soins de santé. Depuis 2003, la plateforme Librestream permet aux travailleurs à distance de se connecter et de communiquer avec des experts et des collègues de l’industrie pour diagnostiquer, inspecter et entretenir rapidement les biens, où qu’ils se trouvent dans le monde. La plateforme de service de réalité augmentée Onsight brevetée de Librestream est conçue pour que les entreprises et les travailleurs de première ligne puissent collaborer virtuellement et accéder à des contenus provenant des environnements les plus difficiles du monde. Onsight mise sur l’intelligence à travers une organisation pour améliorer la sécurité et la productivité des travailleurs, accélérer la livraison des produits et la résolution des problèmes. Librestream est dirigé par son président et directeur général, John Bishop, qui apporte plus de 20 ans d’expérience dans le secteur des technologies et est soutenu par une équipe de direction chevronnée. Librestream opère à l’échelle mondiale avec des déploiements dans plus de 120 pays à travers l’Amérique du Nord et l’Europe, au service de sa clientèle de premier ordre.


- Published: 2020-06-24
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/librestream/

Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Since 2003, Librestream’s platform enables remote workers to connect and communicate with industry experts and colleagues to rapidly diagnose, inspect, and maintain assets from anywhere in the world. Librestream’s patented Onsight Augmented Reality Service Platform is built for enterprise and frontline workers to collaborate virtually and access content from the world’s toughest environments. Onsight leverages intelligence across an organization to improve worker safety and productivity, expedite product delivery, and accelerate issue resolution. Headquartered in Winnipeg, Manitoba, Librestream is led by President and CEO, John Bishop, who brings over 20 years of leadership experience in the technology sector and is supported by an experienced management team. The company operates at a global scale with deployments in 120+ countries around the world, serving its blue-chip customer base.


- Published: 2020-06-18
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/thoughtwire/

ThoughtWire est une plateforme technologique brevetée qui crée un « jumeau numérique » de son environnement pour favoriser des opérations efficaces et contribuer à la gestion des actifs et des processus de travail. Fondée en 2009, la plateforme technologique intelligente de la Société est utilisée dans la gestion immobilière et par les hôpitaux pour automatiser et fournir des conseils en temps réel afin de prévoir et de résoudre les problèmes, d’assurer la sécurité, de réaliser des économies d’énergie et de fournir une expérience optimale aux locataires, aux clients et aux patients. Basée à Toronto en Ontario, ThoughtWire est dirigé par les cofondateurs Mike Monteith (PDG), Stephen Owens (directeur technique), et Dale Hall (premier vice-président des partenariats stratégiques), qui apportent plus de 30 années d’expérience dans le secteur et chacun ont chacun réussi à développer et ont vendus des compagnies.


- Published: 2020-06-18
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/thoughtwire/

ThoughtWire is a patented property technology platform that creates a “Digital Twin” of its environment to drive efficient operations and aid in the management of assets and workflow processes. Founded in 2009, the Company’s smart technology platform is used in property management and hospitals to achieve automation and provide real-time guidance to predict and resolve issues, ensure safety, achieve energy savings and deliver optimal experiences to tenants, clients and patients. Headquartered in Toronto, Ontario, ThoughtWire is led by co-founders Mike Monteith (CEO), Stephen Owens (CTO), and Dale Hall (EVP of Strategic Partnerships), who bring over 30 years of experience in the sector and have each successfully grown and exited a business.


- Published: 2020-06-09
- Modified: 2025-01-23
- URL: https://cbgf.com/fr/portfolio/proposify/

Proposify est une société de logiciel-service (SaaS) qui permet aux équipes de vente de faciliter la création, l’envoi, le suivi et la signature électronique de propositions personnalisées. En combinant ses outils de conception robustes avec des rapports analytiques et des intégrations de logiciels tiers, Proposify aide ses 10 000 clients de petites et moyennes entreprises dans 35 pays à simplifier leur processus de proposition et à développer leurs activités. Basée à Dartmouth, en Nouvelle-Écosse, Proposify est dirigée par Kyle Racki, cofondateur et PDG, qui possède une expérience préalable de la mise à l'échelle d'une entreprise numérique, et est soutenue par une équipe de gestion dynamique aux compétences diverses. TÉMOIGNAGES


- Published: 2020-06-09
- Modified: 2025-01-23
- URL: https://cbgf.com/portfolio/proposify/

Proposify is a subscription-based software as a service (SaaS) company that empowers sales teams to easily create, send, track, and e-sign customized proposals. Combining its robust design tools with analytical reporting and third-party software integrations, Proposify helps its 10,000+ small and mid-market business customers countries streamline their proposal process and grow their businesses. More than three million proposals have been created across 118 countries on the Company’s software to date. Headquartered in Dartmouth, Nova Scotia, Proposify is led by Kyle Racki, Co-Founder & CEO, who has prior experience scaling a digital business and is supported by a driven management team with diverse expertise. TESTIMONIALS


- Published: 2020-06-02
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/maxsold/

MaxSold offre des services visant à résoudre l’épineux problème de la façon de réduire la grandeur de sa résidence en un temps limité tout en évitant que les articles soient envoyés dans des centres d’enfouissement des déchets. Présent dans 10 villes canadiennes et 20 villes américaines, MaxSold a pour vocation de devenir le chef de file en ligne d’Amérique du Nord pour les acheteurs et les vendeurs de produits de consommation. Les services de MaxSold sont fournis par les membres de son équipe locale et par un réseau de partenaires en pleine expansion composé de gestionnaires en déménagement, d’organisateurs professionnels, d’avocats spécialisés en droit immobilier, de professionnels de l’immobilier, de commissaires-priseurs et de revendeurs. En mars 2024, MaxSold a été racheté par Christopher Reid, entrepreneur en série.


- Published: 2020-06-02
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/maxsold/

MaxSold solves the daunting problem of how to downsize in a limited amount of time while keeping items out of landfills. With operations across 10 Canadian and 20 U. S. cities, MaxSold is dedicated to becoming North America’s leading online recommerce marketplace for buyers and sellers. MaxSold’s services are provided through its local team members and a growing partner network of senior move managers, professional organizers, estate lawyers, real estate professionals, auctioneers and resellers. In March 2024, Maxsold was acquired by serial entrepreneur, Christopher Reid.


- Published: 2020-05-07
- Modified: 2024-03-26
- URL: https://cbgf.com/portfolio/xello/

Xello is an educational technology company providing college and career readiness solutions to students in kindergarten to grade 12. Xello currently operates from its Toronto headquarters. This mission-driven organization is dedicated to becoming North America’s leading future-readiness platform, helping students of all backgrounds, abilities, and pathways prepare for college and career success through self-knowledge, exploration and planning. Xello is led by co-founders Matt McQuillen, CEO, and Jeff Harris, President. The pair have been running the Company since it launched in 1997. TESTIMONIALS


- Published: 2020-05-07
- Modified: 2024-03-26
- URL: https://cbgf.com/fr/portfolio/xello/

Xello est une entreprise de technologie éducative qui fournit des solutions de préparation aux études et à la carrière aux élèves de la maternelle à la douzième année. Xello est dirigée à partir de son siège social de Toronto. Cette organisation, dont la mission est de devenir la principale plateforme de préparation à l’avenir en Amérique du Nord, aide les étudiants de toutes origines, toutes capacités et tous parcours à se préparer à la réussite universitaire et professionnelle par la connaissance de soi, l’exploration et la planification. Xello est dirigée par les co-fondateurs Matt McQuillen, PDG, et Jeff Harris, président. Tous deux dirigent la société depuis son lancement en 1997. TÉMOIGNAGES


- Published: 2020-03-11
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/environmental-360-solutions/

Environmental 360 Solutions Inc. est une entreprise de gestion environnementale offrant des solutions aux municipalités et aux clients industriels, commerciaux et institutionnels. Exploitant dans onze villes canadiennes en Ontario, au Québec, en Saskatchewan, en Alberta et en Colombie-Britannique, E360S est déterminée à devenir l’une des entreprises, chefs de file en gestion environnementale, les plus fiables en Amérique du Nord. E360S est dirigée par son fondateur et PDG Danny Ardellini, qui possède 30 années d’expérience dans le regroupage de l’industrie canadienne de la gestion environnementale, et il est soutenu par une équipe de cadres chevronnés. TÉMOIGNAGES


- Published: 2020-03-11
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/environmental-360-solutions/

Environmental 360 Solutions Inc. is an environmental management company providing solutions to municipalities and Industrial, Commercial and Institutional customers. With operations in Ontario, Quebec, Saskatchewan, Alberta, and British Columbia, E360S is dedicated to becoming one of North America’s leading and most trusted environmental management companies. E360S is led by Founder and CEO, Danny Ardellini, who brings 30 years of experience in consolidating the Canadian environmental management industry and is supported by a team of experienced executives. TESTIMONIALS


- Published: 2019-08-12
- Modified: 2025-09-26
- URL: https://cbgf.com/fr/portfolio/appnovation/

Appnovation une société de consultation numérique à service complet, basée à Vancouver, qui fait progresser les activités de ses clients en innovant prestement sur tout ce qui est numérique. Appnovation possède des bureaux en Colombie-Britannique, au Québec et au Toronto, pour un total de 9 bureaux à travers les Amériques, l’Europe et la région Asie-Pacifique. Elle est bien positionnée pour générer des résultats commerciaux significatifs par le biais d’une stratégie numérique et d’une concentration approfondie de l’industrie et qui met l’accent sur une expérience centrée sur l’utilisateur, orientée sur la conception et sur des plateformes à technologie ouverte. Les offres de services d’Appnovation comprennent les suivantes : Stratégie numérique Expérience de l’utilisateur et conception Développement, intégration et ingénierie de plateforme Agilité et gouvernance de l’entreprise Données, analyses et connaissances Services et soutien gérés Bénéficiant d’une liste de clients allant des entreprises en démarrage financées par capital-risque aux entreprises du palmarès Fortune 500, en passant par des entités gouvernementales, des établissements d’enseignement supérieur et des organisations à but non lucratif, le savoir-faire numérique d’Appnovation s’applique à bon nombre de secteurs et d’industries. En termes d’expertise sectorielle spécifique, Appnovation travaille en étroite collaboration avec ses clients du secteur des sciences de la vie pour proposer des solutions qui améliorent les résultats pour les patients et accélèrent la commercialisation de nouveaux produits pharmaceutiques. Appnovation a développé des solutions pour plus d’une douzaine de grandes sociétés de services financiers, dont HSBC, AXA et RBC, ainsi que pour un tiers des plus grands fabricants pharmaceutiques mondiaux, comptant des marques comme Boehringer Ingelheim, Johnson & Johnson et AbbVie comme clients. Parmi les autres clients représentant divers secteurs, citons des noms bien connus tels que Blue Cross, Blue Shield, Sesame Street, Rogers Communications, Avis, NHS Blood and Transplant, Coca-Cola, Lidl, Carrefour et Hong Kong University. Appnovation est dirigée par son fondateur et PDG, Arnold Leung, qui a créé l'entreprise en 2007. Aujourd’hui, le cabinet de conseil compte une équipe d’environ 300 professionnels. S’appuyant sur la puissance de la technologie, l’équipe mondiale d’Appnovation assure la transformation numérique qui favorise l’innovation, la croissance et, en bout du compte, la valeur commerciale. Depuis sa création, Appnovation a remporté de nombreux prix pour souligner sa croissance, ses ressources humaines et ses innovations. TÉMOIGNAGES


- Published: 2019-08-12
- Modified: 2025-09-26
- URL: https://cbgf.com/portfolio/appnovation/

Appnovation is a Vancouver-based full-service digital consultancy that advances their clients’ businesses by nimbly innovating on everything digital. With Canadian offices in B. C. , Quebec and Toronto, totaling 9 offices across the Americas, Europe and Asia-Pacific, Appnovation is well positioned to deliver meaningful business outcomes through digital strategy and deep industry focus, with an emphasis on user-centric, design-led experience and open technology platforms. Appnovation’s service offerings include: Digital strategy User experience and design Development, integration and platform engineering Corporate agility and governance Data, analytics and insights Managed services and support Boasting a client list that spans from venture-backed start-ups to the Fortune 500, government entities, higher educational institutions and nonprofit organizations, Appnovation’s digital expertise is showcased across a variety of industries and sectors. In terms of specific industry expertise, Appnovation works closely with life sciences clients to deliver solutions that improve patient outcomes and accelerate commercialization of new pharmaceutical products, and financial services sectors focusing on flexible strategy execution and customer experience innovation. Appnovation has developed solutions for over a dozen of the top financial services firms including HSBC, AXA and RBC, as well as one third of the top global pharmaceutical makers, counting brands like Boehringer Ingelheim, Johnson & Johnson and AbbVie as customers. Other clients representing a variety of verticals include such well-known names as Blue Cross Blue Shield, Sesame Street, Rogers Communications, Avis, NHS Blood and Transplant, Coca-Cola, Lidl, Carrefour and Hong Kong University. Appnovation is led by Founder and CEO, Arnold Leung, who founded the company in 2007, and today the consultancy has a team of over 300 professionals. Embracing the power of technology, Appnovation’s global team delivers digital transformation that drives innovation, growth and ultimately business value. Since its inception, Appnovation has won numerous awards, recognizing its growth, people and innovation. TESTIMONIALS


- Published: 2019-07-16
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/vendasta/

Vendasta est une plateforme de commerce cloud pour les entreprises qui fournissent des solutions numériques aux petites et moyennes entreprises. Vendu exclusivement par le biais de partenaires de canaux – incluant des agences, des diffuseurs, des éditeurs, des banques, des télécommunicateurs et bien d’autres – Vendasta permet aux professionnels de la vente de personnaliser la plate-forme et les solutions, puis de les commercialiser, de les vendre et de les diffuser plus efficacement. Les petites et moyennes entreprises se tournent de plus en plus vers le cloud pour les aider à gérer leur activité, et Vendasta les aide à trouver des experts de confiance, capables de répondre à tous leurs besoins. Depuis 2008, Vendasta s’est développé pour rejoindre plus de 8 millions de PME à travers le monde par le biais d’un réseau de plus de 65 000 clients partenaires, connu sous le nom de « courtiers en cloud ». Son marché croissant de solutions revendables comprend des solutions de plus de 50 fournisseurs tiers uniques. Vendasta a été nommée par Deloitte l’une des 50 sociétés de technologie à la croissance la plus rapide au Canada et l’une des 500 sociétés à la croissance la plus rapide en Amérique du Nord. Elle a également été inscrite sur la liste Growth 500 du Canadian Business Magazine pendant trois années consécutives. TÉMOIGNAGES


- Published: 2019-07-16
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/vendasta/

Vendasta is a cloud commerce platform for companies who provide digital solutions to small and medium sized businesses. Sold exclusively through channel partners — including agencies, broadcasters, publishers, banks, telecoms, and more — Vendasta enables sales professionals to brand the platform and solutions as their own, and then market, sell, and deliver them more effectively. Small and medium sized businesses are increasingly turning to the cloud to help manage their business, and Vendasta’s helping them find trusted experts who can meet all of their needs. Since 2008, Vendasta has grown to reach over 8 million SMBs around the world through a network of over 65,000 channel partner customers, known to the company as ‘cloud brokers’. Its growing marketplace of re-sellable solutions includes solutions from over 50 unique third-party vendors. Vendasta has been named one of the 50 fastest growing technology companies in Canada and one of the top 500 fastest growing companies in North America by Deloitte. It has also been listed on Canadian Business Magazine’s Growth 500 for three consecutive years. TESTIMONIALS


- Published: 2019-05-29
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/stn-video/

En Mai 2019, CBGF a investi dans STN Video Inc. (« STN »), une plateforme de distribution de vidéos de premier plan dont le siège social se trouve à Victoria, en Colombie-Britannique. STN, a commencé ses activités en 2008 en offrant un marché tripartite qui mettait en relation les fournisseurs de contenu, les éditeurs en ligne et les acheteurs d'inventaires publicitaires. STN a élargi sa plateforme de distribution de vidéos qui comprend maintenant plus de 250 fournisseurs de contenu, dont plusieurs ligues sportives officielles, notamment la NFL et la MLB, ainsi que de nombreux fournisseurs mondiaux, nationaux et locaux de contenu sur l'actualité, le divertissement et le style de vie. La société fournit à plus de 2 000 éditeurs numériques des revenus, du contenu de premier plan et une technologie de lecteur vidéo avancée et a été reconnue par Digiday comme étant la « Meilleure plateforme de vidéos » en 2023 pendant deux années consécutives, et par AdExchanger comme étant la « Meilleure technologie de vidéos pour les fournisseurs de médias » en 2023. En décembre 2023, STN Video a été acquis par Minute Media, une entreprise mondiale de premier plan dans le domaine de la technologie et du contenu.


- Published: 2019-05-29
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/stn-video/

CBGF invested in STN Video Inc. (“STN”), an industry-leading video distribution platform headquartered in Victoria, BC, in May 2019. STN Video began its operations in 2008 offering a three-sided marketplace that matched content providers, online publishers and buyers of advertisement inventory. STN expanded its video distribution platform which now includes over 250 content providers including several official sports leagues, such as the NFL and MLB, and many global, national, and local news, entertainment and lifestyle content providers. The company supplies more than 2,000 digital publishers with revenue, premium content and advanced video player technology and has been recognized by Digiday as ‘Best Video Platform’ in 2023 for two consecutive years, and by AdExchanger as the ‘Best Video Technology for Media Suppliers’ in 2023. In December 2023, STN Video was acquired by Minute Media, a leading global technology and content company.


- Published: 2019-05-27
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/unyte/

Unyte est une société basée à Toronto qui propose une série de solutions neuronales au secteur des soins de santé mentale. Les outils thérapeutiques et la formation d’Unyte aident les cliniciens à obtenir de meilleurs résultats auprès de leurs patients souffrant de problèmes de santé mentale. Il a été prouvé que ses produits réduisaient le stress et l’anxiété et amélioraient les programmes de traitement. Sa plate-forme offre aux cliniciens la possibilité de suivre les progrès des patients au fil du temps Unyte est dirigé par Jason Tafler, PDG, et Anthony Kanfer, Président et CO, qui possèdent une vaste expérience dans le développement d’entreprises de marketing numérique et technologiques. L’entreprise réunit un réseau de chefs de file visionnaires du domaine pour contribuer à renforcer sa présence sur le marché, y compris l’expert en système nerveux, le Dr Stephen Porges. TÉMOIGNAGES


- Published: 2019-05-23
- Modified: 2025-01-23
- URL: https://cbgf.com/portfolio/prodigy/

Prodigy Education is an education technology company that has designed one of the most engaging, effective, adaptive and free game-based learning platforms that helps students between grades one to eight practice mathematics. The Prodigy platform provides children with productive “screen time”, has been demonstrated to improve students’ mathematical proficiency, and is used by teachers and students in Canada, United States, Australia, and the United Kingdom. The Company is led by Alex Peters and Rohan Mahimker (Co-Founders & Co-CEOs), who started Prodigy Education as part of a fourth-year project at the University of Waterloo in 2011. Prodigy benefits from the increased use of technology between teachers, parents and students – in 2018, it grew to over 50 million users and was awarded North America’s fastest-growing EdTech company and Canada’s fastest growing software company. The Company has been able to scale its user base due to its great product offering, its freemium-based model and the quality of its educational content. Its proven ability to increase students’ mathematical proficiency provides academic credibility with schools and teachers while helping students to love learning. TESTIMONIALS


- Published: 2019-05-23
- Modified: 2025-01-23
- URL: https://cbgf.com/fr/portfolio/prodigy/

Prodigy Education est une entreprise de technologie éducative qui a conçu l’une des plateformes de jeu les plus stimulantes, efficaces, adaptatives et gratuites pour aider les élèves de la première à la huitième année à pratiquer leurs mathématiques. La plate-forme Prodigy offre aux enfants un « temps d’écran » productif. Elle a démontré améliorer la maîtrise des mathématiques par les élèves et elle est utilisée par des enseignants et des étudiants au Canada, aux États-Unis, en Australie, et au Royaume-Uni. L’entreprise est dirigée par Alex Peters et Rohan Mahimker (co-fondateurs et présidents, directeurs généraux), qui ont lancé Prodigy Education dans le cadre d’un projet de quatrième année à l’Université de Waterloo en 2011. Prodigy bénéficie de l’utilisation accrue de la technologie entre enseignants et étudiants – en 2018, elle comptait plus de 50 millions d’utilisateurs et a été nommée l’entreprise de technologie éducative à la croissance la plus rapide en Amérique du Nord et la société de logiciels à la croissance la plus rapide au Canada. L’entreprise a été en mesure d’étendre sa base d’utilisateurs grâce à son excellente offre de produits, à son modèle semi-payant et à la qualité de son contenu éducatif. Sa capacité éprouvée d’accroître les compétences en mathématiques des élèves lui confère une crédibilité auprès des écoles et des enseignants tout en aidant les étudiants à aimer apprendre. TÉMOIGNAGES


- Published: 2019-05-16
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/mobile-klinik/

CBGF Invested in Mobile Klinik Professional Smartphone Repair, a Toronto based chain of smartphone and tablet repair stores across Canada, in May 2019. At the time, Mobile Klinik had 50 locations in Ontario, Quebec, Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, British Columbia and Saskatchewan, and was well positioned to become Canada’s most trusted and professional smartphone and tablet repair, care, sales and services retailer. In July 2020, Mobile Klinik was acquired by Telus Corp, a major telecom provider in Canada.


- Published: 2019-05-16
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/mobile-klinik/

En mai 2019, le CBGF a investi dans Mobile Klinik Professional Smartphone Repair, une chaîne de magasins de réparation de téléphones intelligents et de tablettes située à Toronto et présente dans tout le Canada. À ce moment-là, Mobile Klinik comptait 50 établissements en Ontario, au Québec, en Alberta, au Manitoba, au Nouveau-Brunswick, à Terre-Neuve-et-Labrador, en Colombie-Britannique et en Saskatchewan, et était bien placée pour devenir le détaillant de réparation, d'entretien, de vente et de services de téléphones intelligents et de tablettes le plus fiable et le plus professionnel du Canada. En juillet 2020, Mobile Klinik a été acquise par Telus Corp, un important fournisseur de télécommunications au Canada.


- Published: 2018-12-12
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/paybright/

CBGF invested in PayBright, a Toronto-based technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform in December 2018. The company began its operations in 2009 as a provider of consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright continued to invest in its technology platform to support merchants in the retail industry, including both e-commerce sites and physical store locations. By partnering with PayBright to offer an installment payment method, merchants make purchases more affordable for their customers and see increases in conversion, average order value, and repeat traffic. Clients include Wayfair, Endy, and Casper. In December 2020, PayBright was acquired by Affirm, a leading US-based fintech focused on consumer installment loans for e-commerce and in-store purchases. TESTIMONIALS


- Published: 2018-12-12
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/paybright/

En décembre 2018, le CBGF a investi dans PayBright, une plateforme de paiement et de prêt aux consommateurs en temps réel basée à Toronto et utilisant la technologie des points de vente (« PDV »). La société a commencé ses activités en 2009 en tant que prestataire de financement à la consommation pour les procédures de soins de santé canadiennes qui n'étaient pas couvertes par les assurances. PayBright a continué à investir dans sa plateforme technologique pour soutenir les commerçants du secteur de la vente au détail, y compris les sites de commerce électronique et les magasins physiques. En s'associant à PayBright pour proposer un mode de paiement à tempérament, les commerçants rendent les achats plus abordables pour leurs clients et constatent une augmentation du taux de conversion, de la valeur moyenne des commandes et du nombre de renouvellements. Parmi les clients, on compte Wayfair, Endy et Casper. En décembre 2020, PayBright a été achetée par Affirm, une société américaine de premier plan spécialisée dans les prêts à tempérament aux consommateurs pour le commerce électronique et les achats en magasin. TÉMOIGNAGES


- Published: 2018-05-27
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/unyte/

Unyte is a Toronto-based company that provides a suite of neural solutions to the mental health care industry. Unyte’s therapeutic tools and training help clinicians deliver better outcomes for patients suffering with mental health challenges. Its products have been proven to reduce stress and anxiety and enhance treatment programs, and its platform provides clinicians with the ability to track patient progress over time. Unyte is led by Jason Tafler, CEO, and Anthony Kanfer, President & COO, who have extensive experience in scaling digital marketing and technology businesses. The Company is assembling a network of industry thought leaders to help build its market presence, including nervous system expert Dr. Stephen Porges. TESTIMONIALS


- Published: 2018-05-05
- Modified: 2026-01-27
- URL: https://cbgf.com/fr/portfolio/lift-auto/

Lift Auto Group (« Lift » ou la « Société ») est un consolidateur de centres de réparation de carrosseries à travers l’Ouest canadien, situé à Kelowna. Lift possède plus de 40 sites à travers la Colombie-Britannique, l’Alberta et la Saskatchewan. Lift est bien positionnée pour devenir un joueur de premier plan dans une industrie très fragmentée. Lift est dirigée par Mark Reineking (président et chef de la direction) et Michael Schurink (directeur de l’exploitation), qui ont tous deux grandi au sein de familles entrepreneuriales qui possédaient des entreprises au sein de l’industrie de la réparation de carrosserie. Avec leur équipe, Mark et Michael mettent à profit leur expérience pour offrir une approche sophistiquée à une industrie de plus en plus complexe au fil du temps. La complexité et les coûts croissants de l’exploitation au sein de cette industrie sont des catalyseurs de la consolidation, ce qui permet aux entreprises bien dotées en capitaux et bien gérées, telle que Lift, d’acquérir de petits exploitants à des valeurs attrayantes. TÉMOIGNAGE


- Published: 2018-05-05
- Modified: 2026-01-27
- URL: https://cbgf.com/portfolio/lift-auto/

Lift Auto Group is a Kelowna-based consolidator of automotive collision repair centers across Canada. With over 40 locations across British Columbia, Alberta, Saskatchewan and Ontario, Lift is well-positioned to become a leading player in a highly fragmented industry. Lift is led by Mark Reineking (President & CEO), Michael Schurink (COO) and Brad Kopp (Executive Vice President), who collectively bring over 25 years of leadership experience in the collision repair industry. Along with their team, Mark, Michael and Brad are leveraging their experience to bring a sophisticated approach to an industry that is becoming increasingly complex over time. The increasing cost and complexity of operating in the industry is a catalyst for consolidation, providing an opportunity for well-capitalized and well-managed companies like Lift to acquire small operators and build the scale to properly address industry demands. TESTIMONIALS




## FAQs

- Published: 2019-05-03
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/are-you-a-government-entity-or-government-owned/

Non. Nous sommes une entité indépendante, détenue par des intérêts privés, financée à 100 % par les principales banques et compagnies d’assurance du Canada.


- Published: 2019-05-02
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/how-long-does-it-take-you-to-invest/

Nous travaillons vite pour suivre le rythme de nos partenaires entrepreneurs. Notre processus est simplifié et notre processus d'approbation réside dans le fonds. Habituellement, nous concluons dans un délai de 60 à 90 jours après la signature de la feuille de modalités. Nous n’avons pas besoin de présentations sophistiquées, nous travaillons avec les renseignements dont vous disposez facilement.


- Published: 2019-05-01
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/will-cbgf-participate-in-capital-raises-for-secondary-purposes/

Oui, le CBGF peut participer à des levées de fonds à des fins secondaires dans le cadre d'une opération de croissance ou si cela permet de débloquer une croissance future. Les objectifs concurrents de la gestion/des actionnaires actifs et ceux des actionnaires inactifs ou à la retraite sont l’un des obstacles courants à la croissance auxquels nous sommes confrontés. Un groupe recherche la croissance et le réinvestissement, tandis que l'autre cherche à vendre ou à tirer des dividendes annuels de l'entreprise. Cela peut également être le cas lors de transitions ou de successions au sein d'entreprises familiales. Cette dynamique doit être résolue avant qu'une entreprise puisse s'engager dans une stratégie de croissance ambitieuse.


- Published: 2019-04-30
- Modified: 2019-04-30
- URL: https://cbgf.com/fr/news-insights/faq-items/will-cbgf-participate-in-balance-sheet-recapitalizations/

Nous pouvons envisager d’investir pour aider une entreprise à rembourser une dette ou à restructurer son bilan, dans le but de libérer le flux de trésorerie et/ou d’alléger la pression des clauses restrictives pour poursuivre des stratégies de croissance susceptibles d’entraîner des investissements subséquents.


- Published: 2019-04-29
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/does-cbgf-invest-in-startups-or-negative-ebitda-businessesdoes-cbgf-invest-in-startups-or-negative-ebitda-businesses/

La proposition principale de CBGF consiste à investir dans des entreprises existantes dotées d’un solide leadership en matière d’entreprise et de gestion, de bases de clients bien établies, de solides opérations et d’un dossier de rentabilité ou d’une voie clairement établie à court terme vers la rentabilité. Il importe de préciser que le Fonds ne cible pas les entreprises technologiques en démarrage. Nous évaluerons et investirons dans des sociétés qui ne génèrent peut-être pas encore de flux de trésorerie positifs, mais qui ont un modèle d'entreprise éprouvé, des revenus de plus de 5 mm de dollars et une voie claire à court terme (12 à 24 mois) vers la rentabilité. De nombreuses entreprises bien établies privilégient la croissance par rapport aux profits à court terme et investissent grandement dans leurs activités (par ex. : développement de produits, de leur équipe et de leur marketing commercial) pour tirer parti de leur potentiel de croissance. Lorsque nous sélectionnons des possibilités d’investissement qui ne génèrent pas de flux de trésorerie positifs, nous passons beaucoup de temps à en comprendre le modèle commercial, les risques liés aux sources de revenus et la voie démontrée vers la rentabilité avant que l’investissement initial du CBGF ne soit effectué.


- Published: 2019-04-28
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/do-you-partner-with-others/

Oui, notre objectif consiste à faire de notre mieux pour l’entreprise. Nous sommes heureux de travailler avec d'autres investisseurs qui ont des objectifs et des aspirations semblables aux nôtres. Le CBGF peut diriger ou participer avec d'autres à des transactions.


- Published: 2019-04-27
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/what-is-cbgf-talent-network/

Le réseau de talents est un ensemble d'entrepreneurs, de cadres, de conseillers, de mentors et de firmes de services professionnels chevronnés au sein du réseau du CBGF qui peuvent travailler avec les équipes de direction des entreprises que nous soutenons pour les aider à atteindre le niveau supérieur. Ces conseils peuvent prendre la forme de mentors, de rôles au sein du conseil d'administration, de conseillers, de présidents de conseil ou de consultants. Nous pensons que notre réseau est un facteur de différenciation important pour les entreprises soutenues par le CBGF.


- Published: 2019-04-26
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/how-long-is-cbgfs-holding-period/

Étant donné que le CBGF possède une structure à long terme, notre période de détention n’est pas définie selon des délais précis. Le propriétaire de l’entreprise peut définir le taux de croissance et la stratégie commerciale qui conviennent le mieux à son entreprise, pas nécessairement une stratégie et un horizon de sortie dictés par les restrictions au niveau des fonds d’un investisseur. L’objectif à plus long terme du fonds élimine une grande partie de la pression visant à faire prospérer l’argent et à sortir des investissements en fonction de motivations ou de limitations au niveau du fonds. La décision pour la société à savoir à quel moment vendre sera la sienne, pas la nôtre.


- Published: 2019-04-25
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/what-is-cbgfs-typical-investment-size/

Nous réalisons des investissements initiaux sur toute notre gamme indiquée, allant de 5 à 20 millions de dollars en échange d'une participation minoritaire dans la société, avec la possibilité de prendre des engagements financiers subséquents tout au long de la période de notre investissement.


- Published: 2019-04-24
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/what-is-cbgf-restricted-from-investing-in/

Le CBGF n'est pas une société de capital-risque et ne soutient pas les entreprises dont le profil d'absorption est élevé et s'étale sur plusieurs années. Le CBGF ne peut investir dans les entreprises en démarrage, la promotion immobilière, l'extraction de ressources, le cannabis, les armes et les activités du secteur des assurances. Les entreprises qui offrent des services à des secteurs sont admissibles. Le CBGF ne peut pas investir dans le contrôle d'une entreprise, ou investir dans une entreprise dont le siège social est à l'extérieur du Canada.


- Published: 2019-04-22
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/what-industries-does-cbgf-prefer/

Nous sommes uniques en ce sens que nous nous concentrons sur un large éventail de secteurs. Nous voulons aider les entreprises canadiennes en croissance dirigées par des équipes de gestion ambitieuses. CBGF a investi dans plusieurs secteurs, notamment la consommation discrétionnaire, les technologies de l'information, l'industrie, les soins de santé, les services financiers, l'éducation, les biens de consommation de base, les services aux entreprises et les services de communication.


- Published: 2019-04-21
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/what-is-cbgfs-typical-structure-on-investments/

Nous pouvons peuvent être flexibles dans nos structures pour nous adapter à la situation de l’entreprise. Nous pouvons investir sous forme d'actions privilégiées, d'actions ordinaires, d'actions convertibles, de titres de créance ou de titres de créance ou d'actions ordinaires. Nous cherchons généralement à obtenir un siège au conseil d'administration ou un siège d'observateur, ainsi que certaines protections pour less actionnaires minoritaires.


- Published: 2019-04-19
- Modified: 2024-08-15
- URL: https://cbgf.com/fr/news-insights/faq-items/what-does-being-a-value-added-partner-mean-to-cbgf/

Nous avons de solides antécédents en matière d'investissement dans des entreprises qui sont prêtes pour la phase suivante de leur parcours de croissance, mais de nombreuses entreprises ne sont pas préparées pour faire face à une croissance importante. Le CBGF apporte immédiatement de la valeur à ses entreprises partenaires en découvrant les lacunes et en identifiant les domaines dans lesquels il faut renforcer les opérations, la gouvernance et l'information financière au cours de l'audit préalable. C'est la première occasion pour le CBGF de démontrer son approche collaborative, où nos conclusions dicteront nos domaines d'intervention à valeur ajoutée après l'investissement. Par exemple, les entreprises peuvent ne pas avoir un conseil d'administration ou un processus de gouvernance bien structuré, des rôles et des responsabilités clairement définis au niveau de l'équipe de direction, ce qui est impératif pour une entreprise bien gérée, ou peuvent présenter des lacunes au niveau des systèmes, de la collecte de données et de l'établissement de rapports. Notre expérience en matière de développement d'entreprises aide les entrepreneurs et les équipes de direction à comprendre ce qu'il faut faire pour débloquer la prochaine phase de croissance de leur entreprise.


- Published: 2019-04-19
- Modified: 2022-04-05
- URL: https://cbgf.com/news-insights/faq-items/why-was-cbgf-formed/

In early 2016, Canada’s Minister of Finance convened the Advisory Council on Economic Growth to examine the long-term potential of Canada’s economy. In February 2017, the Council released a series of reports with their recommendations for improving the prospects for inclusive economic growth in Canada. Of their five interlocking recommendations to accelerate innovation and help more Canadian start-ups and SME’s achieve scale, they stated that Canada should build a value-added growth capital strategy focused on Canada’s fastest-growing firms. These initiatives would help Canada raise its global competitiveness, achieve inclusive growth goals and create a more resilient economy and labour force. One of the fundamental problems they noted with Canadian innovation is that entrepreneurs are good at launching companies, but very few achieve significant scale. The reasons noted include a small and fragmented local market, shortages of experienced business talent, a lack of at-scale sources of growth capital, and an aversion to risk on the part of some of Canada’s established companies. Part of this challenge in achieving growth is finding and hiring experienced business talent. Canada has relatively few companies that have scaled through all stages of growth and doesn’t possess a community of large companies to train this type of talent. Another challenge that was identified is the limited access to value-added growth capital in Canada. As compared to their peers in the United States, more than twice as many fast-growing companies in Canada cited insufficient access to risk capital as their greatest concern. Learn more about CBGF’s history.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/what-does-being-a-value-added-partner-mean-to-cbgf/

We have a strong track record of investing in businesses that are ready for the next phase of their growth journey, but many companies are not set up to handle significant growth. CBGF provides value to its partner companies right away by uncovering gaps and identifying areas for bolstering operations, governance and financial reporting during due diligence. This is the first opportunity for CBGF to demonstrate our collaborative approach, where our findings will dictate our value-add focus areas post-investment. For example, businesses may not have a well-structured Board or governance process, clearly defined roles and responsibilities at the management team level which are imperative for a well-run business, or may be lacking in its systems and data collection and reporting. Our experience scaling businesses helps entrepreneurs and management teams understand what it takes to unlock the next phase of growth for their business.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/does-cbgf-invest-in-startups-or-negative-ebitda-businessesdoes-cbgf-invest-in-startups-or-negative-ebitda-businesses/

CBGF’s mission is to invest in existing businesses that have strong entrepreneurial and management leadership, established customer bases, strong operations and a record of profitability, or a clear near-term path to profitability. For clarity, the Fund is not targeting early-stage companies. We will evaluate and invest in companies that may not yet generate positive cash flow, but have a proven business model, run rate revenues over $5 million, and a clear near-term path (within 12-24 months) to profitability. Many established companies are prioritizing growth over short-term profit and are investing heavily in their business (e. g. product development, scaling their team, and sales marketing) to capitalize on their growth opportunity. When screening investment opportunities that are not generating positive cash flow, we spend a significant amount of time to understand its business model, the riskiness of its revenue streams, and the demonstrated path to profitability before an investment is made.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/will-cbgf-participate-in-balance-sheet-recapitalizations/

We may consider an investment to help a business repay debt or restructure its balance sheet, with an objective of freeing up cash flow and/or relieving covenant pressure to pursue growth strategies that could lead to follow-on investments in the future.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/will-cbgf-participate-in-capital-raises-for-secondary-purposes/

Yes, CBGF can participate in capital raises for secondary purposes in the context of a growth transaction or if it will unlock future growth. One of the common barriers to growth we encounter are the competing goals of active management/shareholders and those of inactive or retiring shareholders. One group seeks growth and reinvestment, while the other is seeking to sell or to extract annual dividends from the business. This can also be the case for transitions or successions within family-owned businesses. This dynamic needs to be resolved before a business can make a commitment to an ambitious growth strategy.


- Published: 2019-04-19
- Modified: 2023-05-30
- URL: https://cbgf.com/news-insights/faq-items/what-is-cbgfs-typical-investment-size/

We make initial investments throughout our stated range of $5 million to $20 million in exchange for a minority stake in the company, with the ability to make follow-on commitments over the life of our investment.


- Published: 2019-04-19
- Modified: 2022-04-05
- URL: https://cbgf.com/news-insights/faq-items/are-you-a-government-entity-or-government-owned/

No. We are an independent privately-owned private entity, 100% funded by Canada’s leading banks and insurance companies.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/what-is-cbgf-talent-network/

The Talent Network is a collection of seasoned entrepreneurs, executives, advisors, mentors and professional services firms within CBGF’s network that can work with the management teams of the companies we back to help them reach the next level. This guidance can take the form of mentors, board roles, advisors, board chairs or consultants. We believe our network is a huge differentiator for companies backed by CBGF.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/do-you-partner-with-others/

Yes, our goal is to do what’s best for the company. We are happy to work with other investors with similar goals and aspirations. CBGF can lead or participate with others in transactions. CBGF can lead or participate with others in transactions.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/how-long-does-it-take-you-to-invest/

We work fast to match the pace of our entrepreneurial partners. Our process is streamlined, and our approval process resides in the fund. We typically close within 60 to 90 days of signing a term sheet. We don’t need fancy presentations – we work with the information you readily have available.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/how-long-is-cbgfs-holding-period/

Because CBGF has a long-term structure, our holding period is not defined with specific time frames. The business owner can set the growth rate and business strategy that is best for the business, not necessarily a strategy and exit horizon dictated by an investor’s fund-level restrictions. The longer-term focus of the fund removes a lot of the pressure to put money to work and exit investments based on motivations or limitations at fund level. It will be the company’s decision when to exit, not ours.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/what-industries-does-cbgf-prefer/

We are unique in that we have a broad industry focus. We want to help growing Canadian companies driven by ambitious management teams. CBGF has invested in several sectors including Consumer Discretionary, Information Technology, Industrials, Health Care, Financial Services, Education, Consumer Staples, Business and Communication Services and more.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/what-is-cbgfs-typical-structure-on-investments/

We can be flexible with our structures to suit the company’s situation. We can invest via preferred shares, common shares, convertible shares, debt or notes. We typically seek a board or observer seat and certain minority shareholder protections.


- Published: 2019-04-19
- Modified: 2024-08-14
- URL: https://cbgf.com/news-insights/faq-items/what-is-cbgf-restricted-from-investing-in/

CBGF is not a venture capital firm and does not back businesses with high, multi-year burn profiles. CBGF is restricted from investing in start-ups, real estate development, resource extraction, cannabis, weapons, and businesses operating in the insurance industry. Companies that provide services to these sectors are eligible. CBGF cannot invest a controlling stake in a business, or invest in a company headquartered outside of Canada.


- Published: 2019-04-18
- Modified: 2024-08-21
- URL: https://cbgf.com/fr/news-insights/faq-items/why-was-cbgf-formed/

Au début de 2016, le ministre des Finances du Canada a convoqué le Conseil consultatif sur la croissance économique pour examiner le potentiel à long terme de l’économie canadienne. En février 2017, le Conseil a publié une série de rapports contenant leurs recommandations pour améliorer les perspectives de croissance économique inclusive au Canada. Parmi leurs cinq recommandations interdépendantes visant à accélérer l’innovation et à aider un plus grand nombre de jeunes entreprises et de PME canadiennes à prendre de l’ampleur, ils ont déclaré que le Canada devrait élaborer une stratégie de capital de croissance à valeur ajoutée axée sur les entreprises canadiennes à la croissance la plus rapide. Ces initiatives aideraient le Canada à accroître sa compétitivité mondiale, à atteindre ses objectifs de croissance inclusive et à créer une économie et une main-d’œuvre plus résilientes. L’un des problèmes fondamentaux de l’innovation au Canada est que les entrepreneurs sont doués pour lancer des entreprises, mais que très peu d’entre elles atteignent une échelle significative. Les raisons invoquées comprennent un marché local petit et fragmenté, une pénurie de talents commerciaux expérimentés, un manque de sources de capital de croissance à l’échelle et une aversion au risque de la part de certaines entreprises établies au Canada. Le défi de la croissance réside en partie dans la recherche et l’embauche de talents commerciaux expérimentés. Le Canada compte relativement peu d’entreprises qui ont franchi toutes les étapes de la croissance et ne possède pas de communauté de grandes entreprises pour former ce type de talent. Un autre défi qui a été identifié est l’accès limité au capital de croissance à valeur ajoutée au Canada. Comparativement à leurs homologues des États-Unis, plus de deux fois plus d’entreprises à croissance rapide au Canada ont cité l’accès insuffisant au capital de risque comme leur plus grande préoccupation. Pour en savoir plus sur l’histoire du CBGF.



> For direct inquiries, contact our Toronto office at 145 King Street West, Suite 730, Toronto, ON, M5H 1J8.
Disclaimer: This file is for AI indexing. Please verify all investment criteria directly on cbgf.com.