Beanfield Technologies Acquires Openface

Beanfield Metroconnect Acquires FibreStream

January 25, 2022

Telecommunications

Beanfield Metroconnect, the owner and operator of a large independent fibre-optic network in Toronto and Montreal, acquired FibreStream, an ISP serving condominium residents in the GTA, Ottawa and Vancouver. The deal expands Beanfield’s residential footprint and customer base while retaining FibreStream’s plans and pricing for existing customers.

Macquarie Asset Management Acquires 40% Stake in Open Fiber from Enel

August 5, 2021

Telecommunications

Macquarie Asset Management has finalised an agreement to acquire a 40% equity interest in Open Fiber from Enel for €2.12 billion, while CDP Equity will hold the remaining 60% following Enel’s full exit. Open Fiber operates Italy’s largest FTTH network (over 12 million households passed) and the investment will support the company’s continued rollout of ultrafast broadband across Italy; completion was expected in Q4 2021 subject to regulatory approvals.

Pangiam Acquires Trueface to Expand Computer Vision and Biometrics Capabilities

June 2, 2021

AI & Machine Learning

Pangiam, a travel and security technology provider backed by AE Industrial Partners, acquired Trueface, a U.S.-based computer vision company specializing in facial recognition, weapon detection and age verification. Terms were not disclosed; Trueface founders Shaun Moore and Nezare Chafni will join Pangiam, and the deal strengthens Pangiam's biometric offerings for airports, federal and commercial customers.

General Atlantic Leads $65MM+ Growth Investment in Open Farm

January 12, 2021

Consumer Products

Toronto-based pet food brand Open Farm raised a $65MM+ minority growth investment led by growth equity firm General Atlantic, with existing minority partner Encore Consumer Capital associated with the company. The funding will be used to accelerate brand expansion, broaden retail and e-commerce distribution, and support product innovation and sustainability initiatives.

Beanfield Metroconnect Acquires Epik Networks

October 7, 2020

Telecommunications

Beanfield Metroconnect has acquired Toronto-based Epik Networks, a telecommunications provider that serves roughly 200 Canadian business clients across Toronto, Montreal and Vancouver. The acquisition expands Beanfield’s business communications and managed connectivity offerings and broadens its customer base across major Canadian markets.

Digital Colony Partners Acquires Beanfield Technologies Inc.

November 12, 2019

Telecommunications

Digital Colony Partners, the digital infrastructure investment platform of Colony Capital, has acquired Beanfield Technologies Inc., an independent fiber and bandwidth provider in Canada. The acquisition expands Digital Colony's fiber footprint in Toronto and Montreal—adding hundreds of route kilometers, tens of thousands of strand kilometers and over 500 on-net locations—to serve enterprise, carrier (MNO) and data center customers. Financial terms were not disclosed.