Deals: Axis acquires JT Insurance Services

“This represents a significant milestone in Axis Insurance’s growth and expands our capabilities in key markets,” the firm said in a release.

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White Falcon Capital Management has entered a strategic partnership with Windermere Investment Corp., which will take a minority stake in exchange for a capital injection.

Windermere president and CEO George Myhal will also join White Falcon in an advisory role.

“George’s expertise, forged over four decades at Brookfield, will be instrumental,” said Balkar Sivia, founder and portfolio manager of White Falcon.

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Brookfield Business Partners will sell partial interests in three businesses to seed a new evergreen private equity strategy managed by Brookfield Asset Management.

The transaction includes a 12% interest in DexKo, a 7% interest in CDK Global and a 5% interest in BrandSafway, with units in the new fund issued at an aggregate 8.6% discount to net asset value.

Brookfield Business Partners will receive approximately $690 million in fund units, redeemable for cash within 18 months.

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La Caisse de dépôt et placement du Québec is doubling its existing debt financing in energy producer Boralex Inc.

“As a major shareholder since 2017… we reaffirm our confidence in Boralex’s execution capacity and continued growth,” said Jérôme Marquis, managing director and head of private credit at La Caisse.

The investment aligns with the pension fund’s goal of reaching $400 billion in climate-related investments by 2030.

“This impact investment … reflects Fondaction’s commitment to a sustainable economic transformation,” said Claire Bisson, vice-president and chief investment officer at Fondaction.

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The Qatar Investment Authority (QIA) and Fiera Capital Corp. have launched a new effort to boost market participation on the Qatar Stock Exchange (QSE).

The Fiera Qatar Equity Strategy, structured as a daily-dealing mutual strategy, will provide actively managed exposure to QSE-listed equities. It launches with US$200 million in assets under management and is open to both international and local institutional investors.

QIA, acting as the strategy’s anchor investor, contributed a mix of cash and stock. The move is part of its mandate to support market development and improve liquidity in Qatar’s public markets.

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Tomoverse Imaging Inc., a Montreal-based medical software firm, has closed a $5-million seed funding round led by a Canadian family office.

The funding will accelerate development and commercialization of Tomoverse’s tvCT platform for planning transcatheter cardiac procedures. The platform integrates AI to enhance accuracy and efficiency.

“This investment brings our innovative technology closer to the clinicians and patients who need it most,” said CEO Stuart Kozlick.