Dejero Labs Inc.’s C$60 Million Recapitalization

Torys LLP acted for Vertu Capital.

On April 21, 2021, Dejero Labs Inc.  announced a C$60 million minority recapitalization of the business led by Vertu Capital, which partnered with Ubicom Ventures Ltd., a special purpose investment entity in partnership with Dejero management, to complete the transaction.

Dejero is the first investment by Vertu’s inaugural fund, Vertu Partners Fund I.

Dejero, headquartered in Waterloo, Ontario, aggregates diverse connectivity paths including LTE and 5G cellular, satellite and broadband into a virtual ‘network of networks’ to deliver enhanced reliability, expanded coverage, and greater bandwidth using cloud-based technology. 

Vertu Capital, established in 2017 by veteran technology private equity investor Lisa Melchior, is a private equity firm that invests in high potential Canadian headquartered technology companies.

Ubicom Ventures is a special purpose investment fund established in 2020 and managed by veteran investors Terry Thib, Neil Maruoka, and Gajan Kulasingam, and in partnership with Dejero founder Bogdan Frusina and CEO Bruce Anderson. It was created with the sole purpose of participating in recapitalization of Dejero.

The Torys’ team comprised of Guy Berman (Picture), Ryan Unruch, Crystal Chung and Brook Wong (corporate/M&A), Jamie Becker and Pat Chapman (co-investment), Ronak Shah (privacy), Manpreet Singh (IP) and Tom Stevenson (employment).

Involved fees earner: Jamie Becker – Torys LLP; Guy Berman – Torys LLP; Patrick Chapman – Torys LLP; Crystal Chung – Torys LLP; Ronak Shah – Torys LLP; Manpreet Singh – Torys LLP; Tom Stevenson – Torys LLP; Ryan Unruch – Torys LLP; Brook Wong – Torys LLP;

Law Firms: Torys LLP;

Clients: Vertu Capital Limited;

Author: Martina Bellini