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AIIM Secures Growth Investment from Vegvisir Capital – Canada NewsWire

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TORONTO, May 10, 2022 /CNW/ – Avant Imaging & Integrated Media Inc. (“AIIM” or the “Company”), a leading provider of omni-channel marketing communications solutions, has secured a majority growth investment from Vegvisir Capital (“Vegvisir”), a firm that invests in growing B2B technology companies. The investment will support the Company’s expansion plans which includes augmenting its product offering and service capabilities, accelerating go-to-market initiatives, adding talent, and M&A.

Founded in 1990, AIIM has developed an outstanding “client first” reputation along with an extensive set of innovative digital marketing communication solutions including highly personalized direct marketing capabilities, data-driven relationship marketing programs, and print management services. The company’s platform serves over 150 enterprise customers including leading financial services, insurance, retail, non-profit organizations, and government agencies. AIIM helps its clients attract, acquire, and retain customers through a unified offering of digital and physical solutions.

“This investment will enable the Company to accelerate our omni-channel platform vision and fuel its future growth. As both Frank and I approach our retirement, we have been thinking how we could deliver on this vision with the company we built for over 30 years. And just as importantly, how to ensure that our employees and customers are protected and expertly serviced into the future. After considering several different options over the past few years, we are convinced that we are putting our employees, our customers, partners, and our vision in great hands with the Vegvisir team,” said AIIM co-founder Mario Giorgio.

Post-close the transaction, both Mario and Frank Giorgio will continue as active advisors to the Company. To ensure a smooth leadership transition, Vegvisir has partnered with Patrick Masset to be the leader of the organization moving forward and acting CEO. He brings robust industry knowledge and proven go-to-market leadership experience to the Company. The Company will continue to operate out of its Aurora, Ontario headquarters.

AIIM’s exceptional service and quality reputation, broad offering and employee expertise provide the foundational elements for us to rapidly become a platform leader in customer acquisition communication management. With accelerated investments in our platform, we will further enable our valued customers to acquire new clients, while driving organic growth and improving the retention rate of existing customers in both a digital and printed communication environment. We will do so with relentless focus on customer experience, ease of use, automation, and sustainability. The team is excited about the future.” added Patrick Masset AIIM’s acting CEO.

This will be the second platform company for Vegvisir and builds upon its prior investment in Royal Alliances Inc., the leading provider of SaaS-based postage discount identification, mail tracking, and payment software solutions to the US mailing industry.

AIIM has consistently invested in technology solutions to better serve its customers and has built an innovative, omni-channel marketing communication platform that serves a $40+ billion market,” said Kyle Reesing, Founder and Managing Partner at Vegvisir. “When we were introduced to Mario, Frank, and the team, we were impressed by the company’s robust solution offering, and outstanding customer service reputation. We look forward to working with the entire AIIM team moving forward.”

About AIIM

Founded in 1990, AIIM has developed an outstanding “client first” reputation along with an extensive set of innovative digital solutions, highly personalize direct marketing offering, data-driven relationship marketing programs, and print management services. The platform helps create, automate, and deliver critical marketing communications. The company’s solutions enable hundreds of customers including leading financial services, insurance, retail, non-for-profit organizations, and government agencies to attract, acquire, and retain customers through a unified offering. For more information, please visit www.aiim.com                      

About Vegvisir Capital

Vegvisir Capital invests in growing B2B software and services companies at an inflection point. Vegvisir looks for established core products in large markets that sit at the intersection of software, data, and payments. This business model focus enables deal structure flexibility, aids in the value creation process, and builds strong founder, executive and industry relationships. For more information, please visit www.vegvisircapital.com

SOURCE Avant Imaging and Integrated Media ULC

For further information: Patrick Masset, CEO, [email protected]; Kyle Reesing, Managing Partner, [email protected]

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Westboro Mortgage Investment Fund Announces Bonus Distribution to Unitholders – GlobeNewswire

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TORONTO, May 25, 2022 (GLOBE NEWSWIRE) — Westboro Mortgage Investment Fund has paid a bonus distribution of $0.065 per eligible Class F unit. The bonus distribution equals the excess income earned by the fund for the fiscal year ended December 31, 2021. The total distribution per unit for the 2021 fiscal year, inclusive of this bonus distribution, was $0.65/unit on a monthly basis, or an annualized return of 6.7%, on a monthly compounded basis. The strong performance of the Westboro Mortgage Investment Fund is a direct result of the following: a) long standing and strong broker client relationships b) best in class staff; and c) conservative and thorough underwriting practices.

“It was a record breaking year filled with a unique set of challenges posed by the pandemic. We will continue to be conservative in our underwriting and portfolio management while being competitive on interest rates and terms offered to our longstanding broker client network. In 2021 and early in 2022 we were fortunate to attract top industry talent to join our already dynamic team. We want to fund the best mortgages, not the most mortgages. Our focus is, and always will be, the preservation of investor capital and providing consistent risk adjusted returns to our mortgage fund investors,” said Nick Christopoulos, CEO of Westboro Mortgage Investment Fund.

About Westboro Mortgage Investment Fund

Westboro Mortgage Investment Fund was established in 2004 as a Mortgage Investment Corporation in the Ottawa region. Throughout the years, the fund has strategically expanded its lending region to include Central and Southwestern Ontario and the Gatineau regional area of Quebec. Today, the fund manages assets in excess of $300 million all while maintaining the primary objective of providing investors with a consistent and stable fixed income solution for their investment portfolio.

To learn more about the Westboro Mortgage Investment Fund, including investment opportunities and qualification criteria please visit www.westboromic.com or contact the Vice President of Fund Sales, Scott Roberts at sroberts@westboromic.com.

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Vancouver investment firm fraudulently purchased for $100 million, panel finds – Business in Vancouver

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Vancouver investment firm fraudulently purchased for $100 million, panel finds – Economy, Law & Politics | Business in Vancouver


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Claridge Food Group announces $40 million strategic investment in WeCook Meals – Canada NewsWire

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“This major investment marks a new step in WeCook Meals‘ development plan. We have experienced strong growth over the past few years, and this capital injection combined with Claridge Food Group’s industrial expertise will allow us to strengthen our position as the leading ready-to-eat delivery company in Quebec and Ontario and accelerate our growth across Canada. We want to be clearly recognized as the benchmark ready-to-eat meal brand for all Canadians,” says Étienne Plourde, founder and CEO of WeCook Meals.

The Canadian food delivery market combined with online commerce is growing at an accelerated pace and was estimated to be worth over $5 billion in 2021. WeCook Meals stands out for its unique offering of fresh, ready-to-eat meals that meet the needs of the growing number of people who want to eat well but don’t have time to cook. The company aims to accelerate its annual sales growth (exceeding four million meals in 2021), relying primarily on its extensive food processing expertise, quality meals, menu customization and digital marketing excellence.

“We want to raise awareness of our unique offering to increase our customer base and gross revenue. Our nimble business model allows us to manage the impact of inflation on food prices, as well as adapt the choice of ingredients offered in our weekly menu. This investment will allow us to accelerate the prepared and ready-to-eat meal revolution by offering consumers a wider selection of healthy, tasty, and convenient meals at affordable prices,” added Plourde.

“In just a few years, WeCook Meals has become the leading ready-to-eat company in Canada, thanks to the support of financial partners such as Desjardins Capital and Investissement Québec. The new investment we are announcing demonstrates the deep confidence of all our partners in WeCook Meals’ vision and business plan. We will work with WeCook Meals’ management to provide them with the financial capabilities and management expertise of growing food processing companies, adding value at every stage of their development,” said Pierre Boivin, President and CEO of Claridge.

“The agri-food industry is a flagship sector of our economy and one of Investissement Québec’s priority industries to ensure sustainable economic development throughout Quebec. We’re proud to participate in this round of financing to help a young company like WeCook Meals realize its growth plans and to continue the unifying role we are committed to playing in the financial ecosystem, particularly in facilitating access to development capital,” says Guy LeBlanc, President and CEO of Investissement Québec.

“Our $10 million investment in the new financial vehicle of Claridge Food Group allows us to combine Desjardins Capital’s credibility, experience and agility with the leading-edge expertise in the food processing sector that this partner offers,” says Marie-Hélène Nolet, Chief Operating Officer of Desjardins Capital. “As demonstrated by this joint investment in WeCook Meals, our partnership will help agri-food companies undertake their growth projects and overcome the challenges of inflation and supply, while remaining relevant to changing consumer habits. We’re all the more proud to offer additional leverage to this company that we’ve been supporting since 2019, always in keeping with the founders’ vision.”

Advisors

Raymond Chabot Grant Thornton and Desjardins Capital Markets acted as financial advisors to WeCook Meals.

About
Claridge Food
Group 

Claridge Food Group is an investment vehicle created by Claridge Inc. with the participation of Investissement Québec, the Fonds de solidarité FTQ, and Desjardins Capital. Its mission is to support Quebec food processing companies with significant growth potential by providing them with financial resources, managerial and operational support, knowledge of global trends, and a large network of partners to support and accelerate their growth in Quebec, Canada and North America. 

About WeCook Meals

WeCook Meals was founded in 2013 by two young entrepreneurs who wanted to spend less time in the kitchen, without compromising on a high-quality, nutritious diet. Meals are curated by an in-house chef, using only freshest ingredients sourced from local suppliers in a zero-waste facility. Demand for WeCook Meals’ read-made meals have increased 300% and the Montreal-based company has successfully created 600 new jobs. The Montreal-based company currently has two production facilities delivering more than 4 million meals a year throughout Ontario and Quebec. For HD images.

About Investissement Québec

Investissement Québec’s mission is to play an active role in Quebec’s economic development by spurring business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all the province’s administrative regions, the corporation supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec – CRIQ. In addition, through Investissement Québec International, it also prospects for talent and foreign investment and assists Quebec businesses with export activities.

About Desjardins Capital

Over 45 years strong, Desjardins Capital has a mission to value, support and nurture the best of Quebec entrepreneurship. With assets under management of C$3.0 billion as of December 31, 2021, Desjardins Capital helps contribute to the longevity of more than 670 companies, cooperatives and funds in various sectors from across Quebec. In addition to helping to maintain and create many thousands of jobs, this subsidiary of Desjardins Group offers business owners access to a large business network and supports their business growth. For more information, visit our website.

About Claridge

Claridge is a Montreal-based family office that represents the interests of the Stephen Bronfman family, with a focus on maximizing long-term capital appreciation. Claridge is actively engaged in managing a diversified portfolio of investments in private companies as well as interests in third-party managed funds in a variety of industries across the globe. As a strategic financial investor, our direct equity participations span a range of industry sectors, including holdings in food, technology, entertainment, renewable energy, and real estate. Claridge focuses its investments in small and medium-sized businesses and contributes its expertise in partnership with management to accelerate growth.

SOURCE Claridge Food Group

For further information: WeCook Meals, Christina Krcevinac, Senior Marketing Manager, Tel: 1 514 562-4904, [email protected]; Claridge, Manager of Claridge Food Group, Daniel Granger, Tel: 1 514 232 1556, [email protected]; Investissement Québec, Catherine Salvail, Advisor, Medias and Governmental Affairs, Tel: 1 514 876-9600, [email protected]; Desjardins Capital, Marc-Antoine Lavoie, Senior Advisor, Public Relations, Tel: 1 418 563-8853, [email protected]

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