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News


NOVACAP announces the acquisition of Hallcon Corporation

October 07, 2015

MONTRÉAL, August 4, 2015 – NOVACAP, a Canadian leader in private equity, today announced the acquisition of Hallcon Corporation, a leading provider of specialty outsourced services to the railway and transit sectors in North America, based in Toronto. The transaction is carried out through its NOVACAP Industries IV Fund, in partnership with Hallcon’s management team, Export Development Canada (EDC), BMO Capital Partners and other institutional partners. Hallcon’s senior management team will continue in their current roles with the company.






Oxford Networks and BayRing Communications Announce Strategic Growth Plan Oxford Networks and BayRing Communications to Merge

June 05, 2015

Portsmouth, New Hampshire, Lewiston, Maine - Oxford Networks and BayRing Communications announced today that the two companies have agreed to merge. The combined entity will be the largest competitive telecommunications provider headquartered in Northern New England. The new organization will operate approximately 2,000 route miles of high-capacity fiber optic network providing access to nearly 50,000 commercial buildings, four robust SOC 2 (Service Organization Control) data centers, and direct access to all other major hub data centers throughout Maine, New Hampshire and Massachusetts.  The merger provides an outstanding strategic fit as Oxford has a solid footprint in Maine, while BayRing has a strong market presence in Southern Maine, New Hampshire and Massachusetts.


Stingray Digital Group Inc. Completes $140 Million Initial Public Offering

June 04, 2015

Montreal, June 3 2015 - Stingray Digital Group Inc. ("Stingray") announced today that it has successfully completed an initial public offering (the "Offering") of an aggregate of 22,400,000 subordinate voting shares and variable subordinate voting shares of Stingray (collectively, the “Offered Shares”) at a price of $6.25 per share, for total gross proceeds of $140 million. The subordinate voting shares and variable subordinate voting shares will begin trading today on the Toronto Stock Exchange under the symbols “RAY.A” and “RAY.B”, respectively.


Stingray awarded the prestigious Special Jury Prize at the 10th International Interactive TV (ITV) Awards; recognized as an industry leader

April 15, 2015

Montreal. April 15, 2015Stingray is proud to announce that it was awarded a Special Jury Prize at the 10th ITV Awards in Paris, a ceremony that brought together key players in the interactive and media industry. The Special Jury Prize was created at the jury’s request to honour the quality and innovation of the Stingray Music TV app developed for AT&T U-verse*. This award confirms Stingray’s position as a world-leading provider of music products and services.