Origin Merchant Securities Inc. is pleased to announce that Mobile Klinik has successfully completed its $27.5 million private placement. The investment round includes a substantial investment by the Canadian Business Growth Fund, as well as private individuals, including several of the company’s early-stage investors.
Origin Merchant Securities Inc. acted as the exclusive financial advisor to Mobile Klinik with respect to this transaction.
Mobile Klinik is Canada’s largest and fastest-growing professional while-you-wait smartphone and tablet repair, care and services retail chain with 50 stores as of May 2019, in BC, Alberta, Manitoba, Saskatchewan, Ontario, Quebec, New Brunswick, Newfoundland and Labrador.
The Canadian Business Growth Fund (“CBGF”) provides long-term, patient, minority capital to ambitious Canadian entrepreneurs with talented management teams to fund growth and expansion of mid-market businesses. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in.
Origin Senior Lead: Mario Di Pietro