Growth Works proposes merger with CAVI & CSTGF

Growth Works Canadian Fund has made a proposal to merge with Capital Alliance Venture Inc (CAVI), Canadian Science and Technology Growth Fund (CSTGF) and Growth Works Opportunity Fund Ltd. If accepted by their respective boards, the funds would comprise one of the largest LSVC funds in Canada, third only to Fonds de solidarité and VenGrowth Capital Partners. Growth Works has more than $800 million in combined assets, including CAVI and CSTGF, which it currently manages. Earlier this year, Fullarton Capital Corp announced it was negotiating to sell CAVI and CSTGF to Growth Works (R$, January 24/05)….