Canada Deal Flow News – 2025-11-10
Equity-heavy deals and platform roll-ups are setting the tone—buyers want scale, stickiness, and future upside, not just quick wins.
🤖 AI & Automation
United Fintech’s all-share buy of Trade Ledger (AI-powered lending) swaps founder equity for a stake in the acquirer—AI automation is hot, but cash isn’t always king. Equity deals are back, especially when integration risk looms. Read more
Reseda Group and Maps Credit Union teamed up to acquire Pocketnest, an AI financial wellness platform. No price, but the playbook is clear: automate personalized advice, deepen customer ties, and drive engagement. Niche AI with sticky users is attracting strategic buyers. Read more
Revolut scooped up Berlin’s Swiftly (AI travel assistant), bringing both tech and the founding team in-house. No numbers, but talent and embedded AI workflows are driving exits—buyers want more than just code. Read more
Signals: Equity-heavy structures are gaining ground; strategic buyers want automation that locks in customers. No blockbuster multiples—watch for comps as pricing clarity returns.
⚡ Cleantech & Energy
CBRE dropped $1.2B on Pearce Services, a data center and power infrastructure heavyweight. The deal’s immediate accretion and 4,000-strong workforce show buyers are paying up for scale, contracts, and recurring revenue. Read more
CleanTech Lithium expanded its Laguna Verde resource in Chile via new licenses—no price, but regulatory tailwinds and resource scale set the stage for future funding or M&A. Land grabs plus government backing = future premium. Read more
Data center power demand is spiking—grid fast-tracks, new builds, and creative power sourcing (think: old jet engines) are reshaping the sector. Capacity constraints and grid innovation are the new valuation levers. Read more
Takeaway: Scale, contract quality, and regulatory positioning are driving premiums. If you’re not building margin resilience and customer stickiness, buyers like CBRE will pass.
🏭 Industrial & Advanced Manufacturing
Prairie Lithium broke ground on North America’s largest direct lithium extraction plant—no price, but the scale signals a major bet on battery supply chains. Early movers in specialty processing could see premium multiples as capacity ramps. Read more
American Tungsten secured a $25.5M loan for its Idaho mine—not equity, but lenders are backing margin-resilient, cash-flowing projects in critical minerals. Non-dilutive capital is on the table for strategic assets. Read more
Kazakhstan has pulled in $1B of private mining investment since 2020, boosted by a new US critical minerals MOU. For Canadian founders: global capital is chasing resource scale and regulatory momentum—can you match the pace? Read more
Why it matters: Capacity expansions and strategic capital are chasing North American supply chain gaps. Are you positioned to attract non-dilutive capital or strategic buyers as regionalization accelerates?
🛒 Consumer, Food & Retail
Big League Food Company is scaling up—aiming for $100M revenue by rolling up brands like Dark Horse Espresso and Village Juicery. No deal price, but platform roll-ups and operational discipline are still drawing premium attention. Read more
Burger King’s China JV sold an 83% stake to CPE for $350M, pegging the business at $422M. Strategic buyers are betting big on geographic expansion and operational leverage—international growth stories are still drawing serious capital. Read more
So what: Platform roll-ups and regional champions are in demand—margin resilience and local brand strength drive value. Prep early, know your comps, and watch how buyers structure deals.
💳 Financial Services & Fintech
FundApps and SteelEye (London regtechs) are merging, with FTV Capital re-upping equity. Scale and product breadth are now table stakes—strategic combos are attracting fresh capital from existing backers. Read more
📡 Media, Communications & Digital
Cube (UK regtech) acquired Germany’s Kodex AI to add generative AI agents to its compliance platform. Price is undisclosed, but buyers are prioritizing differentiated AI and platform integration—standalone niche tools are losing ground. Read more
Watch next: Are buyers paying up for AI teams, customer lists, or both? Platform players are racing to own the compliance stack—if your tech plugs a gap, your leverage rises.
🧠 Professional & Business Services
Clio’s $1B acquisition of vLex and $500M Series G at a $5B valuation sets a new price floor for legal tech. Global scale, AI-driven workflow, and recurring revenue are still commanding premium pricing—even as IPO talk heats up. Read more Read more
RapidSOS acquired Northern911 to expand its North American emergency response network. No price, but scale and AI-enabled data sharing are driving consolidation in critical infrastructure—cross-border platforms with sticky contracts are in demand. (stale – update?) Read more
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