CBGF 2019 Year in Review
Today, the Canadian Business Growth Fund (CBGF) celebrates the success that we and our portfolio companies have accomplished in our first full year of operations in 2019. We are honored to have been recognized as Provider of the Year by the Canadian Private Equity Summit, having grown our team to 20 people and partnered with 8 ambitious Canadian companies, in investments totaling $88.5 million of capital.
We are proud of the entrepreneurs that we have backed and excited to support their bold aspirations.
2019 PORTFOLIO HIGHLIGHTS
Appnovation has grown 520% over the last five years, and continued its geographical expansion drive, opening a Toronto office and appointing two senior leaders.
Lift Auto Group continued their consolidation across Western Canada’s auto collision repair industry with their 9th acquisition.
Mobile Klinik acquired Device Care to consolidate their leading national position as a mobile device repair center and accessories retailer.
Mobile Klinik acquired Device Care to consolidate their leading national position as a mobile device repair center and accessories retailer.
Prodigy was recognized by Growth 500 as one of Canada’s Top 3 FastestGrowing Companies having grown their educational platform from 3,000 local users to 50 million worldwide in 8 years.
SendtoNews was recognized as the Best Ad-Supported Video Service in North America at the Cynopsis Model D Awards.
OUR SHAREHOLDERS
ABOUT CBGF
CBGF provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with investments between $3 and $20 million. An evergreen investment fund with an initial capital commitment of $545 million and projected future contributions to reach $1 billion, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.
