The Caisse de depot is betting big in Australia

Every week, we provide an overview of insider trading, investments in local businesses and news from publicly traded companies.

The Caisse de depot is betting big in Australia

Every week, we provide an overview of insider trading, investments in local businesses and news from publicly traded companies.

It will invest in student residences

Caisse de dépôt's real estate subsidiary, Ivanhoé Cambridge, has agreed to invest nearly 1 billion Australian dollars (CA$870 million) in Scape Core, which owns the largest portfolio of student residences in Australia, representing 27 buildings and more than 13,000 beds. "Australia's student housing sector is experiencing a strong recovery this year," Ivanhoé Cambridge said in a statement, citing "attractive prospects for rental growth."

Hard quarter for young shoots

Quebec start-ups raised just $90 million in the third quarter of 2022, data compiled by the briefed.in site reveals. This is 83% less than the $538 million raised during the same period last year. Just 13 deals closed, compared to 31 in 2021. The largest financings completed were for BrainBox AI ($30 million) and Planned ($18 million).

Valsoft makes three acquisitions

Montreal-based Valsoft made three acquisitions this week. It acquired the Swedish firm MWM, which specializes in software for media groups, Alberta's Enrich Software, which serves the trucking industry, and the American ServiceCentral Technologies, focused on insurance and garages. . Valsoft has made around fifty acquisitions since it was founded by Sam Youssef and Stéphane Manos in 2016. The two entrepreneurs co-founded Pornhub in 2007 before selling their stake in the pornographic business in 2010.

Nimonik expands West

Nimonik of Montreal announced this week the acquisition of MediaLogic, a Calgary firm, for an unspecified sum. Founded in 2008 by Jonathan Brun, Nimonik designs regulatory compliance management software. It has more than 500 customers around the world. As for MediaLogic, it serves hundreds of businesses in Western Canada with its natural resource monitoring system.

United amassed $ 20 million

Montreal start-up Unito has raised $20 million in a round of financing led by the Caisse de depot. The company founded in 2015 by Eryk Warren, Grégoire Bois, John Espinoza and Marc Boscher markets tools to synchronize projects, tasks and conversations between different work management software. Unito, which has tripled its workforce since 2020, has embraced transparent compensation and has a gender-balanced leadership team.

He buys from Guru

Eric Graveline, Guru's largest shareholder, reinvested nearly $55,000 into the energy drink maker during October. Guru's title has lost more than 75% of its value since the start of 2022. Since January, the former investment banker has invested nearly three-quarters of a million dollars in the Quebec company.

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