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Edu-Performance Canada Inc &
Parta Growth Capital I Inc
Update Date: 10/15/08
Date Announced: 08/15/08
Value (million $USD): 1.2 million U.S. Dollar
1.2 million Canadian Dollar
Status: Pending
TRANSACTION DETAILS
Date Announced08/15/08
Date Originally Announced08/15/08
FormatMergerAcquisition techniquesReverse Takeover; Stock Swap
AttitudeFriendlyAgencyTSX Venture Exchange
Value1.2 million U.S. Dollar
1.2 million Canadian Dollar
Advisor Feesn/a
SYNOPSIS
CANADA - Parta Growth Capital I Inc (PG) agreed to acquire Edu-Performance Canada Inc, a developer and wholesaler of educational software, in exchange for 10.258 mil PG common shares valued at 1.231 mil Canadian dollars ($1.162 mil US). The shares were valued based on PG's closing stock price of C$0.12 ($0.11) on August 14, the last full trading prior to the announcement. The transaction was subject to regulatory approval.
TARGET
NameEdu-Performance Canada Inc
IndustriesComputer programming services; Information retrieval services; Computers and peripheral equipment and software
CityBrossard
Staten/a
NationCanada
Incorporated inn/a
Public StatusPrivate
Business DescriptionEdu-Performance Canada Inc located in Brossard, Quebec, develops and wholesales, eLearning training software offering online office automation courses, authoring software, training management and distribution platform, and interactive multimedia course development services. The company was founded in 1991.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameParta Growth Capital I Inc (TSXVenture : PAG.P)
Industriesn/a
CityMontreal
Staten/a
NationCanada
Incorporated inn/a
Public StatusPublic
Business DescriptionParta Growth Capital I Inc, located in Montreal, Quebec, is a closed-end fund. The principal business of the Corporation is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction. The company was founded in 2007.
AdvisorsNULL
Acquiror Salesn/a
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