OG真人官网 Partners with Management Team of F12.net
Toronto, Ontario (November 3, 2020) – OG真人官网 Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with OG真人官网 Equity Partners VI (“CEP VI”) (collectively, “OG真人官网”), made a CAD $36 million (CAD $9.7 million from CVG) growth equity investment in F12.net Inc. (“F12”, or the “Company”). OG真人官网 partnered with the existing management team who will retain the majority of their equity in the business.
F12 is a rapidly expanding leader in managed IT services for Canadian-based small and medium-sized enterprises. F12 distills complex infrastructure, support, cloud, cybersecurity, and software licensing into turnkey service bundles for its clients. This best of breed offering is supported by F12 Connect, a proprietary software tool that delivers a superior client experience relative to the competition. The investment in F12 builds on OG真人官网’s 10-year successful investment track record in the IT services industry and represents an exciting opportunity to support the growth strategy of the Company’s entrepreneurial management team.
“We are thrilled with the opportunity to back F12’s management group, all of whom will continue to be significant investors in the Company. This is a leadership team with an ownership mentality, a track record of working collaboratively, and experience building a scalable platform. The future is very bright for F12 and we are excited to support an excellent team on their quest to transform how business technology is delivered,” said Mitch Green, Managing Director at OG真人官网.
“F12 is about to embark upon an exciting growth trajectory, and we require an active partner who supports our vision. OG真人官网 brings much more than capital to this deal. They share our enthusiasm towards the future and have a proven track record of helping organizations like ours succeed,” said Alex Webb, CEO and Founder of F12.
F12 is OG真人官网’s 60th platform investment and the fourth investment by CEP VI. The OG真人官网 / CEP VI co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.
