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Pender Growth Fund And Pender Private Investments Inc. Announce Execution Of Letter Of Intent To Acquire Remaining Ppi Legacy Shares

May 24, 2023•about 2 years ago

Acquiring Company

Pender Growth Fund

Acquired Company

Pender Growth Fund

VancouverVancouverVancouverFinanceFinancial ServicesAngel InvestmentVenture CapitalFinanceFinancial ServicesFinanceFinancial ServicesAngel InvestmentVenture Capital

Description

Pender Growth Fund Inc. (“PGF”; TSXV: PTF)) and Pender Private Investments Inc. (“PPI”) today announce that they have signed a non-binding letter of intent (the “Letter of Intent”) to acquire all Legacy Shares of PPI not currently owned by PGF (the “Proposed Transaction”).

Company Information

Company

Pender Growth Fund

Location

Vancouver, Washington, United States

About

The Company’s objective is to achieve long-term capital appreciation for its investors. The Company utilizes its small capital base and long-term horizon to invest in unique situations; primarily small cap, special situations, and illiquid public and private companies. The Company trades on the TSX Venture Exchange under the symbol "PTF". Please visit www.pendergrowthfund.com.

Company

Pender Private Investments

Location

Vancouver, British Columbia, Canada

About

Pender Private Investments is an investment entity with a portfolio of technology companies that was acquired by Pender through the acquisition of another venture capital fund.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed