Saskatoon firm to spend $10M in Manitoba
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
A Saskatoon-based private equity firm has earmarked $5 million for investing in small Manitoba businesses.
Basin Capital Inc. will ultimately spend $10 million in the keystone province. Half that money comes from the Manitoba First Fund, which was established to draw outside venture capital.
The Basin Manitoba Limited Partnership — a branch of Basin Capital Inc. — will seek companies with revenues below $10 million and earnings before interest, taxes, depreciation and amortization under $2 million.
It’ll target a 15 per cent to 20 per cent return on investment before leverage.
Just $10 million of the Manitoba First Fund is left unclaimed (or claimed but unannounced). The provincial government launched the $100 million fund in 2022.
The Manitoba First Fund has inked a number of deals this year, including to direct $5 million to the Vancouver-based Emend Vision Fund and another $5 million to SVG Ventures Thrive, which is located in Silicon Valley.
— Free Press staff
Related Articles
Negotiating turbulent waters of year ahead for Manitoba's business leaders and community
Advertisement Advertise With Us