Mike Middleton acted on behalf of Calgary-based Wmode Inc. for two financings, the first being a $5 million transaction with Teleglobe, now part of VSNL International Canada of Tata Communications and the second being a $5 million financing with Wellington Financial LP.
Q1 Capital was the exclusive financial advisor to CBL Data Recovery Technologies, Canada’s leading independent and global provider of data recovery services. The initial mandate was to find an acquirer for the Company and its multi-national locations, but during the process, the mandate changed into one of representing one of the two owners in the orderly buyout of the majority of the assets and operations of the business, leaving certain South East Asia and China assets in the hands of the second owner.
Q1 Capital prepared a valuation opinion for EnviroTower (renamed evandtec), a clean technology company providing water tower-based water conditioning systems to office buildings, hotels, hospital, government buildings, and municipal water systems. The valuation opinion was provided as part of a significant round of capital raised by the Company.
Q1 Capital was engaged by Tech Capital Partners, the Waterloo-based venture capital firm, to provide valuation opinions on five of its portfolio companies, in preparation for Tech Capital’s ongoing capital program.
Mike Middleton acted as financial advisor to Hartford-based Conning Research and Consulting Inc. for a €65,000,000 Canadian tranche of financing for a Swiss Re European Clean Energy Fund joint venture with Conning Research.
Q1 was engaged by SMG to structure and negotiate a sale transaction with a multi-billion dollar Paris, France-based potential acquirer. The valuation and structure negotiated were both very positive for the Principal of SMG and at a premium to the market, but just prior to close the Principal was aggressively pursued by SAP, who wanted the Principal to be its Senior Vice President, Digital for SAP Global Marketing. The Principal decided this opportunity best met with their long-term plans and decided to close SMG and take the SAP offer.
Mike Middleton was the exclusive financial advisor to Maddocks Systems, Canada’s largest provider of enterprise-level trucking software, in their sale to Cleveland-based TMW Systems, the largest provider of enterprise management software for the trucking industry in the US.
Q1 Capital was engaged by an angel investor to be the exclusive financial advisor to TheMagazine.ca in their sale to Kairos Transmedia Inc., a Delaware-based digital media company.
Q1 Capital was the exclusive financial advisor to Mediacorp Canada Inc. and Eluta.ca, a specialized job search engine, in Eluta.ca’s joint venture agreement with The Globe and Mail, Canada’s largest national newspaper.
DSPA Software was the leading Canadian supplier of sales compensation and distribution management software to the insurance industry. Following an extensive bidding process, the ultimate acquirer was Atlanta-based Sunguard, a $4 billion, PE-owned global leader in software and processing solutions for financial services.
Q1 Capital was the exclusive financial advisor to Wallace Wireless, a provider of wireless data encryption services, in their sale to San Jose, California-based Vocera Communications. Q1 was engaged to negotiate a sale transaction with a US company that had made an offer to Wallace and, through the process, identified additional US companies that expressed an interest in acquiring Wallace, with the eventual auction bidder being Vocera.
Q1 Capital served as the exclusive advisor to Thoughtcorp, a premier IT Consultancy and Software Solution Provider servicing many of Canada’s most prominent companies within the Telecommunications, Financial and Retail segments. The acquirer was Epam Systems Inc., a fast growing global provider of software product development services listed by Forbes as the #3 best public company with sales under $1 billion. Kirk Robinson, the founder of Thoughtcorp, continues with EPAM as the Co-Head of North American Business.
Q1 Capital served as the exclusive financial advisor to Jana Laboratories Inc. in the divestiture of its laboratory assets to Michigan-based NSF International, a global organization that writes standards, and tests and certifies products for water, food, health services and consumer goods industries.
Q1 Capital was the exclusive financial advisor to NCI Canada, a leading master distributor of high quality pipe, valves and fittings. The founder of NCI was looking to monetize his 16 years of hard work and without a succession plan engaged Q1 to find a buyer for the Company. Headquartered in Aurora with additional distribution centers in BC and Quebec, NCI was a very attractive acquisition target for Yorkshire Capital, which is actively consolidating certain industry sectors.
Q1 Capital was the exclusive financial advisor to Clay Tablet, a provider of translation software. The transaction was completed in two parts: the first being the purchase by a three party shareholder group of all outstanding common shares held by a diverse group of angel investors; the second part being the sale of those shares to Boston-based Lionbridge Technologies, a US publicly traded company with a market cap in excess of US$300 million.
Q1 Capital was engaged by the Wmode (AppCarousel) Board of Directors to provide a Fairness Opinion related to the proposed acquisition of the Company by San Francisco-based AppDirect. Q1’s relationship with the Wmode management team goes back to 2002 and Mike Middleton and Q1 arranged a $5 million financing in 2004 with Montreal-based Teleglobe International and a $6 million financing in 2006 with Wellington Financial LP.