Skip to main content

Allianz logos are pictured in front of the headquarter of Germany's largest insurance group Allianz AG in Munich, June 22, 2006.ALEXANDRA WINKLER/Reuters

DEAL OF THE DAY: Allianz and Borealis Infrastructure eye London City Airport

German insurer Allianz SE has joined Borealis Infrastructure, which manages investments for Canada's Ontario Municipal Employees Retirement Systems (OMERS), to explore a bid for London City Airport, a source familiar with the process said. The news was first reported by the Telegraph, which said earlier this month that another Canadian pension fund, Ontario Teachers' Pension Plan, has partnered with the sovereign wealth fund of Kuwait and Hermes Investment Management to submit an offer to the airport. Full story


Vubiquity acquires Toronto's Juice Worldwide

Los Angeles-based Vubiquity is acquiring Toronto-based digital distributor Juice Worldwide. Juice, which provides media management and multiplatform distribution services for film, television and music content owners, will allow Vubiquity to access platforms such as iTunes, Netflix, Amazon and Google Play. Juice will become a wholly owned subsidiary. The terms of the deal were not disclosed. Press release

Austral gold to acquire Vancouver's Argentex

Vancouver-based Argentex Mining Corporation has signed a binding offer letter from Australia's Austral Gold Ltd. Under the terms of the deal, Austral will acquire 100 per cent of the issued and outstanding equity of Argentex in a share exchange transaction. Press release

Toronto startup takes CanadianNanny under its wing

Toronto-based startup CareGuide has just acquired, currently the most dominant caregiver platform in Canada. CareGuide is an online portal that owns a portfolio of other websites dedicated to matching various caregivers, such as babysitters or elder-care providers, with families. Financial terms were not disclosed. Full story

Tethys Petroleum issues update on offer from Nostrum Oil & Gas

Tethys Petroleum Limited has received a revised non-binding proposal from Nostrum setting out the terms on which Nostrum is prepared to make an offer to acquire the entire issued share capital of Tethys. Separately, Tethys confirms that it has received expressions of interest from several other parties in relation to a variety of potential corporate transactions, all of which remain current. Press release


Spacefy seeks $250,000 in seed capital on retail private equity platform

Spacefy, an online marketplace for connecting creative people, announced it is seeking to raise funding through a retail private equity platform established by Waverley and InvestX Capital. Toronto-based Spacefy plans to list on the platform on September 1 to raise $250,000 of seed-stage financing from a database of accredited investors. Full story


Signs point to major shake-up at Tembec

Could Tembec Inc.'s days as an independent forest products company be numbered? There's certainly enough fresh timber for the rumour mill these days regarding the fate of the Montreal-based lumber, paper and specialty pulp producer. Full story

Wellington Financial's McQueen spots opportunity in an uncertain market

Mark McQueen, president and CEO of specialty finance firm Wellington Financial, sees opportunity for private debt providers as a result of volatile equity markets, especially if continued uncertainty creates challenges for tech companies seeking risk capital. Full story

Know of any upcoming deals we should cover? Have suggestions for making the Daily Deal Roundup more useful? E-mail us at

Report an error

Editorial code of conduct

Tickers mentioned in this story