Two labour-sponsored funds to get new owners

Fullarton Capital Corp, managers of Capital Alliance Ventures Inc (CAVI). and the Canadian Science and Technology Growth Fund Inc (CSTGF), is negotiating to sell its company to GrowthWorks WV Management Ltd. The merger will give GrowthWorks combined assets of about $800 million, making it the third largest labour sponsored fund manager behind Fonds de solidarité ($5.23 billion in net assets) and VenGrowth Capital Partners ($1 billion). Fullarton’s major shareholders are Science and Technology Investment Corp (controlled by Dr. Calvin Stiller and Gerald Slemko), Talvest (LSVC) Inc, Richard Charlebois and MDS Capital Corp....