Cymbria Corporation acquires units of TeraGo Inc. for C$14.7 million
April 21, 2021
14.70 Million CAD
On April 21, 2021, Cymbria Corporation and certain other institutional investors acquired an aggregate of 934,100 Series A Units, 934,100 Series B Units and 934,100 Series C Units of TeraGo Inc. at a subscription price of C$5.25 per Unit, for an aggregate purchase price of approximately C$14.7 million all by way of a private placement.
Cymbria Corporation completed the transaction at the direction of its portfolio manager, EdgePoint Investment Group Inc.
EdgePoint Investment Group Inc. is a wealth management firm based in Toronto with portfolios focused on investing in businesses, fixed-income securities and corporate debt.
TeraGo provides cloud, 5G fixed wireless, data centres and other connectivity and colocation services throughout Canada.
McCarthy Tétrault advised EdgePoint with a team led by Robert Hansen that included Gianluca Mazzanti.