TORONTO, Nov. 14, 2012 /CNW/ - For more than 15 years, the Deloitte
Technology Fast 50™ has tracked the successful growth of Canadian-grown
global leaders. Wellington Financial LP, a privately-held specialty
finance firm and sponsor of the Deloitte Fast 50, is honoured to see
six portfolio companies rank in this year's Fast 50, announced
Wellington Financial portfolio companies that made the list this year:
Toronto-based Real Matters, the parent company of Solidifi, is #3 with revenue growth of 8,961%, Oakville-based BIOX Corp placed #10, Ottawa-based BTI ranked #28, Vancouver-based Vision Critical is #31, Toronto's Impact Mobile came in at #37 and #41 for Vantrix of Montreal.
"For each of the last five consecutive years, Wellington Financial has
seen several of our Canadian portfolio companies featured in the
Deloitte Fast 50," said Mark McQueen, President & CEO of Wellington
Financial. "Portfolio companies such as Impact Mobile have made the
list for the sixth year in a row, demonstrating that the innovation
marketplace continues to excel with our True Growth Capital® funding model."
"There is a cyclical change in the technology sector. Growth in more
mature companies is slowing down, but we see a lot of activity at the
early stage," said Duncan Stewart, Director of TMT Research for
Deloitte. "That activity is a positive indicator of the future health
of the sector and shows that starting a business is an attractive
career option for many people. With limited capital many start-ups are
operating in more efficient ways."
In September 2012, Wellington announced the first closing of Wellington
Financial Fund IV, as well as plans to open a second U.S. office in the
Palo Alto area. Wellington's 2006-vintage Fund III was capitalized
with $150 million of re-circulating institutional equity commitments.
That fund led ~$300 million of financings via 50 loans over its life,
earning limited partners a profit in every fiscal quarter during that
six- year period. The new Fund IV raised $177.5 million of
re-circulating equity in its first close, drawing commitments from
leading Canadian institutional investors, pension plans and family
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm
providing term, venture and amortizing loans up to $30 million.
Wellington Financial LP is currently managing a $500 million investment
program with offices in Toronto, Canada, and Santa Monica, California.
Wellington Financial LP is managed by a partnership controlled by fund
management and Clairvest Group Inc. (CVG:TSX), who jointly have
contributed a large financial stake to the Fund. LPs include several of
Canada's largest institutional investors, pension funds, family offices
and crown corporations. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
Deloitte, one of Canada's leading professional services firms, provides
audit, tax, consulting and financial advisory services through more
than 8,000 people in 56 offices. Deloitte operates in Québec as Samson
Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario
Limited Liability Partnership, is the Canadian member firm of Deloitte
Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte
Touche Tohmatsu Limited, a UK private company limited by guarantee, and
its network of member firms, each of which is a legally separate and
independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche
Tohmatsu Limited and its member firms.
SOURCE: Wellington Financial LP
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