Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Employees work at the Vision Critical offices in Vancouver, in this file photo. (Rafal Gerszak For The Globe and Mail)
Employees work at the Vision Critical offices in Vancouver, in this file photo. (Rafal Gerszak For The Globe and Mail)

Angus Reid cuts ties to Vision Critical as $76-million secondary deal closes Add to ...

W Capital Partners and Georgian Partners have closed a $76-million purchase of stock in Vancouver marketing software firm Vision Critical Communications Inc. from existing investors, including ex-CEO Angus Reid.

The deal – revealed Monday by the Globe – ends a tumultuous chapter for the private firm. Mr. Reid will get $44-million for his shares and give up his two board seats to New York-based W Capital. Georgian has been an investor since 2014. BMO Capital Markets and Osler Hoskin & Harcourt LLP advised Vision Critical’s board on the deal.

“Vision Critical is fortunate to have two highly respected financial partners who will help guide it through its next chapter,” said Mr. Reid, who runs an eponymous non-profit market research institute.

Vision Critical chairman Phil Deck said: “We have successfully found a way to provide the liquidity that long-term investors have sought while strengthening our investor base for growth.”

Mr. Reid’s son, founder Andrew Reid, remains a shareholder. He left last year to build another startup.

Report Typo/Error

Follow on Twitter: @SeanSilcoff

Also on The Globe and Mail

This office comes with a putting green and an ocean view (The Globe and Mail)

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular