# 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/)
- [Inscription par courrier électronique](https://cbgf.com/fr/contactez-nous/inscription-par-courrier-electronique/)
- [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/)
- [À Propos du CBGF](https://cbgf.com/fr/a-propos-du-fcec/)
- [Notre Approche](https://cbgf.com/fr/notre-approche/)
- [Home](https://cbgf.com/)
- [Critères D’investissement](https://cbgf.com/fr/investment-criteria/)
- [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

- [Busbud launches new parent company Terra Mobility, secures US $40M financing from Vista Credit Partners, and announces key nominations](https://www.terramobility.com/company/newsroom/press-releases/terra-mobility-launch/)
- [Sam Shank joins Terra Mobility's board of directors](https://www.terramobility.com/company/newsroom/company-news/sam-shank-joins-board/)
- [Erik Blachford appointed chairperson of the board](https://www.terramobility.com/company/newsroom/company-news/erik-blachford-chairperson/)
- [Mathieu Provencher joins Terra Mobility as Chief Financial Officer](https://www.terramobility.com/company/newsroom/company-news/mathieu-provencher-cfo/)
- [Betting on Canada: Capital for Manufacturers Ready to Invest Through Uncertainty](https://cbgf.com/news-insights/capital-for-canadian-manufacturers-ready-to-invest-through-uncertainty/)
- [The $2 Trillion Transition: Why Most Manufacturing Owners Aren't Ready to Let Go](https://cbgf.com/news-insights/canadian-manufacturing-succession-planning/)
- [Mathieu Provencher joins Terra Mobility as Chief Financial Officer](https://www.terramobility.com/company/newsroom/company-news/mathieu-provencher-cfo)
- [Erik Blachford appointed chairperson of the board](https://www.terramobility.com/company/newsroom/company-news/erik-blachford-chairperson)
- [Sam Shank joins Terra Mobility's board of directors](https://www.terramobility.com/company/newsroom/company-news/sam-shank-joins-board)
- [Busbud launches new parent company Terra Mobility, secures US $40M financing from Vista Credit Partners, and announces key nominations](https://www.terramobility.com/company/newsroom/press-releases/terra-mobility-launch)
- [Selling Your Business Isn't the Only Way to Take Chips Off the Table and Bring in Capital for Ambitious Growth](https://cbgf.com/news-insights/minority-equity-vs-selling-your-business/)
- [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)
- [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 Role of Patient Capital in Sustainable Business Growth](https://cbgf.com/news-insights/the-role-of-patient-capital-in-sustainable-business-growth/)
- [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)
- [ChangeMakers Names Stefan Moores as Chief Executive Officer](https://thechangemakers.com/insight/changemakers-names-stefan-moores-as-chief-executive-officer/)
- [How to Prepare Your Business for Growth Capital Investment](https://cbgf.com/news-insights/how-to-prepare-your-business-for-growth-capital-investment/)
- [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/)
- [CBGF team opened the market with TMX Group](https://cbgf.com/news-insights/cbgf-opens-market-with-tmx-group/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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)
- [CBGF annonce sa certification B Corp](https://cbgf.com/fr/news-insights/canadian-business-growth-fund-announces-b-corp-certification/)
- [Canadian Business Growth Fund Announces B Corp Certification](https://cbgf.com/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)
- [Exit Strategies in Private Equity: A Comprehensive Guide](https://cbgf.com/news-insights/exit-strategies-in-private-equity-a-comprehensive-guide/)
- [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/)
- [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/)
- [Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers Entrepreneurs](https://cbgf.com/news-insights/how-the-canadian-business-growth-fund-empowers-entrepreneurs/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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 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/)
- [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)
- [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)
- [PureFacts Announces Acquisition of Xtiva Financial Systems](https://www.purefacts.com/insights/purefacts-announces-acquisition-of-xtiva-financial-systems)
- [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/)
- [Busbud Merges With Betterez, Gets Funding From Amadeus Ventures](https://www.phocuswire.com/busbud-merge-betterez-funding-from-amadeus-ventures)
- [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/)
- [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/)
- [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/)
- [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)
- [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/)
- [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 closes $11.8 million to scale knowledge management software globally](https://betakit.com/procedureflow-closes-11-8-million-to-scale-knowledge-management-software-globally/)
- [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/)
- [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)
- [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/)
- [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 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/)
- [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/)
- [Environmental 360 Solutions has acquired Waste Container Services Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-waste-container-services-inc/)
- [The Risks of Taking on an Equity Partner](https://cbgf.com/news-insights/the-risks-of-taking-on-an-equity-partner/)
- [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 Cyclone Hydrovac](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-cyclone-hydrovac-ltd/)
- [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 Alpine Environmental Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-alpine-environmental-disposal-inc-alpine/)
- [Environmental 360 Solutions Acquires One Environmental](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-one-environmental-inc/)
- [Environmental 360 Solutions Acquires Quik Pick Waste Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-quik-pick-waste-disposal/)
- [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/)
- [Nous célébrons 25 investissements](https://cbgf.com/fr/news-insights/nous-celebrons-25-investissements/)
- [CBGF Announces 25th Investment](https://cbgf.com/news-insights/cbgf-announces-25th-investment/)
- [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/)
- [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/)
- [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)
- [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/)
- [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/)
- [Environmental 360 Solutions has acquired One Environmental Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-one-environmental-inc/)
- [What’s the Difference Between Seed, Venture, and Growth Capital?](https://cbgf.com/news-insights/whats-the-difference-between-seed-venture-and-growth-capital/)
- [What Is Patient, Minority Growth Capital?](https://cbgf.com/news-insights/what-is-patient-minority-growth-capital/)
- [Environmental 360 Solutions has acquired St-Rémi](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-st-remi/)
- [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 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 Le Géant du Conteneur](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-le-geant-du-conteneur/)
- [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/)
- [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/)
- [CBGF Announces Follow-On Investment in ThoughtWire](https://cbgf.com/news-insights/cbgf-announces-follow-on-investment-in-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 pulls IPO, raises $120-million from private backers instead](https://cbgf.com/news-insights/vendasta-pulls-ipo-raises-120-million-from-private-backers-instead/)
- [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/)
- [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 Bilan de l’année 2020](https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2020/)
- [CBGF 2020 Year In Review](https://cbgf.com/news-insights/cbgf-2020-year-in-review/)
- [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/)
- [Paystone Closes $69 Million Financing Round](https://cbgf.com/news-insights/paystone-closes-69-million-financing-round/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [CBGF Invests in Halifax’s LifeRaft](http://entrevestor.com/home/entry/cbgf-invests-in-halifaxs-liferaft)
- [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/)
- [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)
- [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/)
- [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/)
- [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/)
- [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)
- [Busbud Raises $15 Million Series C for Worldwide Expansion of Intercity Bus Travel Marketplace Amid COVID-19 Pandemic](https://www.newswire.ca/news-releases/busbud-raises-15-million-series-c-for-worldwide-expansion-of-intercity-bus-travel-marketplace-amid-covid-19-pandemic-877999699.html)
- [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 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/)
- [Telus buys smartphone repair chain MobileKlinik](https://cbgf.com/news-insights/telus-buys-smartphone-repair-chain-mobileklinik/)
- [CBGF célèbre son deuxième anniversaire!](https://cbgf.com/fr/news-insights/cbgf-celebre-son-deuxieme-anniversaire/)
- [CBGF Celebrates Two-Year Launch Anniversary](https://cbgf.com/news-insights/cbgf-celebrates-two-year-launch-anniversary/)
- [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/)
- [Announcement](https://maxsold.com/)
- [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/)
- [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)
- [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/)
- [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/)
- [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/)
- [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/)
- [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 Bilan de l'annee 2019](https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2019/)
- [CBGF 2019 Year in Review](https://cbgf.com/news-insights/cbgf-2019-year-in-review/)
- [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 : « 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/)
- [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/)
- [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/)
- [Lift Auto Group Announces their 9th Acquisition to Date](https://cbgf.com/news-insights/lift-auto-group-announces-their-9th-acquisition-to-date/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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)
- [Vendasta raises $40M in growth capital](https://www.newswire.ca/news-releases/vendasta-raises-40m-in-growth-capital-825008544.html#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)
- [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)
- [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)
- [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/)
- [Evergreen fund fills growth capital gap for Canadian entrepreneurs](https://cbgf.com/news-insights/evergreen-fund-fills-growth-capital-gap-for-canadian-entrepreneurs/)
- [CBGF célèbre le premier anniversaire de son lancement](https://cbgf.com/fr/news-insights/cbgf-celebre-le-premier-anniversaire-de-son-lancement/)
- [CBGF Celebrates One-Year since Launch Anniversary](https://cbgf.com/news-insights/cbgf-celebrates-one-year-since-launch-anniversary/)
- [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/)
- [Bilan de l’année 2018](https://cbgf.com/fr/news-insights/bilan-de-lannee-2018/)
- [CBGF 2018 Year in Review](https://cbgf.com/news-insights/cbgf-2018-year-in-review/)
- [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/)
- [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/)
- [Providing Canadian entrepreneurs access to the growth capital they need to scale up](https://cbgf.com/news-insights/canadian-entrepreneurs-growth-capital/)
- [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/)
- [Canadian Business Growth Fund Selects BC Company for Its First Investment](https://cbgf.com/news-insights/cbgf-selects-bc-company-first-investment/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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/)
- [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

- [Terra Mobility](https://cbgf.com/fr/portfolio/terra-mobility/)
- [Terra Mobility](https://cbgf.com/portfolio/terra-mobility/)
- [Piano Piano](https://cbgf.com/fr/portfolio/piano-piano/)
- [Piano Piano](https://cbgf.com/portfolio/piano-piano/)
- [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/fr/portfolio/layla-care/)
- [Layla Care](https://cbgf.com/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/fr/portfolio/neovation/)
- [Neovation](https://cbgf.com/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/)
- [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/fr/portfolio/xello/)
- [Xello](https://cbgf.com/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/fr/portfolio/prodigy/)
- [Prodigy](https://cbgf.com/portfolio/prodigy/)
- [Mobile Klinik](https://cbgf.com/fr/portfolio/mobile-klinik/)
- [Mobile Klinik](https://cbgf.com/portfolio/mobile-klinik/)
- [PayBright](https://cbgf.com/fr/portfolio/paybright/)
- [PayBright](https://cbgf.com/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/)
- [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/)
- [Why was CBGF formed?](https://cbgf.com/news-insights/faq-items/why-was-cbgf-formed/)
- [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: 2026-07-22
- 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’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


- 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: 2026-07-22
- 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 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


- 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: 2026-07-22
- 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 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: 2026-10-19
- 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: 2018-06-13
- 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: 2018-06-12
- 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: 2018-06-12
- 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: 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: 2018-06-08
- 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: 2026-10-16
- 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: 2026-07-10
- 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: 2026-09-25
- Modified: 2026-10-14
- URL: https://cbgf.com/news-insights/capital-for-canadian-manufacturers-ready-to-invest-through-uncertainty/

Part 2 - Betting on Canada: Capital for Manufacturers Ready to Invest Through UncertaintyBy Hai Tran-Viet, Co-Managing Partner, CBGF In Part 1, Dale Tingley examined how owners can plan a transition on their own terms. The more immediate question is whether to keep investing during an uncertain environment. Canadian manufacturing is caught in a paradox: the moment calls for investment in automation, new markets, and resilient supply chains, yet many companies are pulling back. KPMG's 2026 survey found more than half of Canadian manufacturers have reduced, paused, or cancelled capital spending, and roughly half describe their posture as "endurance mode". Roughly four in ten have moved or plan to move production to the U. S. , most within two years. Endurance mode is understandable, and it's a sentiment we hear from many owners. Tariff volatility, a wavering CUSMA outlook, and a widening cost gap with the U. S. have made near-term planning difficult. But an extended holding pattern has its own cost: aging equipment, slowing productivity, and capabilities that gradually shift elsewhere while companies wait for clarity that may not arrive on a predictable timeline. The real constraint usually isn't willingness; it's finding the right capital partner Most owners we speak with don't lack the ambition to modernize. Many are understandably reluctant to put more of their own capital at risk, and lack a capital partner suited to the moment. Bank debt remains an important tool, but its repayment terms can be restrictive for growth investment in volatile periods. Traditional private equity typically buys a control stake (up to 100%) and sells within three to five years to meet fund return targets, which can be a mismatch for owners navigating a multi-year trade environment on their own terms. Many strong businesses are left on the sidelines when investing could matter most. CBGF's model was built to provide this alternative, and it's the conversation I have most often with founders today. We are an evergreen fund with $545 million in commitments from Canada's leading banks and insurance companies, providing patient minority capital (targeting $10 million to $20 million per investment) to ambitious mid-market Canadian businesses. Owners retain control, can take some cash off the table to reduce personal risk, and gain an experienced partner to help fund the next stage of growth. Our evergreen structure also means any future exit can be timed to the owner's objectives, giving companies the flexibility to invest through uncertainty, not around it. What that capital can do right now Today, patient capital can fund the moves that strengthen a company's position: automation and robotics that improve margins regardless of where a plant sits, diversification into new markets that reduces reliance on a single trade relationship, and supply chain investments that build resilience against the next disruption, not just the current one. It can also support a deliberate decision about a company's Canadian and U. S. production footprint, rather than a reactive one driven by short-term cost pressure alone. Beyond capital, an experienced investor can help management evaluate these decisions and, as Dale outlined in Part 1, plan for the owner's longer-term succession objectives. Manufacturing has historically rewarded those who invest ahead of the cycle, not behind it. The companies that use this period to strengthen their operations, rather than simply defend them, will be best positioned to compete when conditions stabilize. A partner for the long game Canada's manufacturers built this country's industrial base through innovation, patience and reinvestment. That instinct hasn't disappeared; it just needs a capital partner willing to match it. If you're weighing a significant investment in your business over the next few years, we'd welcome the conversation. Hai Tran-Viet is Co-Managing Partner at CBGF, leading the Fund's strategic direction and playing an active role in transaction origination, execution, and portfolio management. He brings over 20 years of experience in private equity and investment banking, previously with TD Capital and CIBC Capital Markets. Hai holds an MBA from Columbia and is a CFA charterholder. . The Canadian Business Growth Fund provides long-term, patient, minority capital to ambitious entrepreneurs leading established Canadian mid-market businesses. References KPMG Canada, "Canadian manufacturing at a crossroads" (August 13, 2026), citing the KPMG Canada Manufacturing Survey (275 companies, via Angus Reid Group, May 11–29, 2026): https://kpmg. com/ca/en/insights/2026/08/canadian-manufacturing-at-a-crossroads. html KPMG Canada, "Four in 10 Canadian manufacturers eye U. S. production move" (July 7, 2026): https://kpmg. com/ca/en/media/2026/07/canadian-manufacturers-eye-us-production-move. html


- Published: 2026-09-25
- Modified: 2026-09-25
- URL: https://cbgf.com/news-insights/canadian-manufacturing-succession-planning/

Part 1 - The $2 Trillion Transition: Why Most Manufacturing Owners Aren't Ready to Let GoBy Dale Tingley, Co-Managing Partner, CBGF Across Canada, a generation of manufacturers is approaching the biggest transaction of their careers, and most aren't prepared. Roughly 75% of Canadian small business owners plan to exit within a decade, transitioning more than $2 trillion in assets, yet less than 10% have a formal succession plan. For an industry built on precision, succession is the one process most owners leave to chance. The reasons are understandable. Running a manufacturing business is a full-time job, and exit planning competes with labour, input costs, and trade uncertainty. But delay has a cost. Owners who wait often fall into an exit rather than plan one. We've seen this too often: an unsolicited offer catches a company off guard, and the owner, compelled to react, accepts it instead of the one that best protects their business, people, and legacy. The problem isn’t finding a buyer; it’s deciding what problem you’re trying to solve Owners identify two main obstacles in exit planning: finding a buyer and overcoming the mental barrier of selling a business tied to their identity. The second is often harder because the options presented are narrower than owners realize: three well-worn paths, all ending in an outright sale. A strategic acquirer may consolidate operations and move decision-making to a head office in another province or country. Traditional private equity typically buys a control stake (up to 100%), replaces management on its own schedule, and sells within three to five years to meet return targets. Family succession or a management buyout is what most owners want, but also the most likely to stall: the next generation may have different ambitions or skills, or lack the capital to buy in and keep investing for growth. What's often missing is a fourth path: patient minority capital that begins the transition and funds growth without a change of control. In our experience, many founders prefer a staged approach to an ‘all or nothing’ exit; they aren't ready to give up control but grow more risk averse as they approach retirement. Minority equity lets owners take cash off the table, accelerate growth with an experienced investor, and build a succession and exit plan around their timing and financial objectives. A different kind of transition CBGF's model was built to provide this alternative. As an evergreen fund backed by Canada's leading banks and insurers, we target investments of $10 million to $20 million in mid-market Canadian businesses for a minority stake. Founders can invest in equipment, expand into new markets, or bring on the next generation of leadership while retaining ownership and decision-making authority. This matters most in moments of transition. A founder nearing retirement or stepping back can transition leadership over time and avoid being tied to the business in a future sale. A family business can bridge the gap between what the next generation brings and what the business needs. A management buyout team gains a partner and the runway to build under its own leadership. Ownership transition doesn't have to mean giving up what you built. Done proactively, it lets you choose the terms on which your business, and your legacy, carry forward. The window to plan is now, not later With $2 trillion changing hands in the coming decade, companies that plan early will control the outcome far more than those who wait for circumstances to force their hand. If you’re considering a transition over the next five years, the conversation is worth having sooner rather than later. In Part 2, Hai Tran-Viet asks whether to invest through today's uncertainty or wait it out. Dale Tingley is Co-Managing Partner at CBGF, leading the Fund's strategic direction and overseeing origination, execution, and portfolio management. With over 20 years in private equity, Dale has invested more than $800 million across 70+ companies, from early-stage ventures to large enterprises. He holds an MBA from Schulich School of Business and the ICD. D designation. The Canadian Business Growth Fund provides long-term, patient, minority capital to ambitious entrepreneurs leading established Canadian mid-market businesses. References Canadian Federation of Independent Business (CFIB), "Over $2 Trillion in Business Assets Are at Stake as Majority of Small Business Owners Plan to Exit Their Business Over the Next Decade" (January 10, 2023): https://www. cfib-fcei. ca/en/media/over-2-trillion-in-business-assets-are-at-stake-as-majority-of-small-business-owners-plan-to-exit-their-business-over-the-next-decade


- Published: 2026-07-22
- Modified: 2026-07-22
- URL: https://cbgf.com/news-insights/minority-equity-vs-selling-your-business/

Selling Your Business Isn't the Only Way to Take Chips Off the Table and Bring in Capital for Ambitious GrowthBy the Canadian Business Growth Fund (CBGF) For most entrepreneurs, the question arrives the same way. The business has matured. It's worth real money — likely the large majority of the family's net worth. The kids may or may not want it and competitors are consolidating and investing. Every week brings calls and e-mails from prospective buyers. At that point, selling a majority of the business — or all of it — is often the most obvious option. You can diversify your family's wealth and sleep better, while a well-capitalized buyer can invest more aggressively in growth. For some entrepreneurs, it's the right answer. But “obvious” and “optimal” are not the same thing. There's a path that far fewer Canadian entrepreneurs consider, largely because far fewer firms offer it: taking on a significant minority equity partner. Having your cake and eating it too In many ways, a minority investment is a structure that lets an entrepreneur have it both ways: Diversify your personal wealth. A minority round structured with a secondary component — and, where appropriate, a prudent amount of debt — can let an owner take meaningful value off the table today, often as much as 50% to 60% of what the business is worth. That compares to the 80% to 90% an owner typically monetizes in a conventional majority sale. The gap is real but consider what you keep in exchange. Keep control. In a majority deal, you hand over the keys. The new owner sets the strategy, picks the leadership team, decides when and how to exit — and you work for them, usually with a rolled equity stake you no longer control. In a minority deal, you remain the controlling shareholder. The business remains yours: your name, your team, your culture, and your decisions. Keep the majority of the upside. If you believe the next five to ten years are the most valuable years of your company's growth — and most owners we meet do — a minority structure means the lion's share of that value creation still accrues to you, not to a new owner who bought it from you at today's price. Gain an institutional partner. The right minority investor brings more than capital. They bring financial and business building sophistication, a network of operators and advisors, and pattern recognition from dozens of other growth journeys. Institutional capital on the share register also carries weight: lenders extend more credit on better terms, and acquisition targets (and their advisors) take your offers seriously. For entrepreneurs pursuing growth through M&A, that credibility is often the difference between a letter of intent that gets engaged with and one that doesn't. The trade is straightforward: monetize somewhat less today, in exchange for keeping control, keeping most of the future upside, and gaining a partner whose only job is to help you grow what remains. What this looks like in practice: growth by acquisition At CBGF, we've now partnered with more than 30 Canadian businesses, and many of our entrepreneurs have used minority capital precisely this way — as fuel for consolidation strategies they lead and control. A national environmental management platform: The founder set out to build a national environmental management company. With CBGF's minority investment behind him, the company executed dozens of acquisitions across the country, growing from a regional waste services business into one of Canada's leading environmental management platforms — with the founding team in the driver's seat throughout. A multi-province collision repair platform: The co-founders had a vision to consolidate Canada's fragmented collision repair industry from their base in Western Canada. CBGF's growth capital allowed the company to acquire shop after shop across Western Canada and beyond, building a multi-province platform while the founders retained control of the company they started. A national specialty medical clinic platform: The co-founders are building a national platform of cardiology, respirology and internal medicine clinics, partnering with physicians who want relief from administrative burden without giving up their practice's identity. Minority growth capital lets the platform move quickly on clinic partnerships while management charts the course. For those growing organically Acquisition isn't the only use of growth capital. Other CBGF entrepreneurs have used minority investment to fund organic expansion — new markets, new capabilities, and new capacity: A digital healthcare and online pharmacy platform based in Toronto has used growth capital to expand its virtual care and prescription delivery platform across a widening range of treatment areas, making healthcare more accessible to Canadians. A mental health services provider is using growth capital to expand access to quality, affordable therapy — scaling its clinician network and care platform to meet surging demand across the country. Different industries, different strategies — but with the same underlying logic: ambitious founders who wanted capital and a capable partner, not a new boss. The question worth asking If your business generates more than $10 million in revenue, and you've been wondering whether there's a way to diversify your personal wealth while bringing in new capital and opening the next chapter in your business's growth, the answer could be minority equity, not a sale process. Contact CBGF, a growth-minded organization that has helped more than 30 Canadian companies scale, today for a confidential, no-obligation discussion. We're always happy to chat, even if it's just to share more detail or offer candid perspective on your situation and goals. The Canadian Business Growth Fund provides long-term, patient, minority capital to ambitious entrepreneurs leading established Canadian mid-market businesses.


- Published: 2026-04-24
- Modified: 2026-08-10
- 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/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: 2025-11-21
- 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: 2025-10-27
- 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/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: 2024-10-30
- 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/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: 2024-09-06
- 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: 2024-09-06
- 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: 2024-06-19
- 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: 2024-06-19
- 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: 2024-02-20
- 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: 2024-02-20
- 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: 2024-01-17
- 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/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: 2023-10-06
- 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: 2023-10-05
- 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: 2026-07-23
- 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 averse 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: 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: 2023-06-20
- 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: 2023-05-18
- 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: 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: 2022-05-25
- 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: 2022-05-05
- 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: 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: 2021-12-17
- 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: 2021-12-16
- 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 capi