Scotiabank Private Equity has invested in numerous companies over the years.  The following are a select few of our current and past portfolio companies.

Spirit AeroSystems

Spirit AeroSystems is the world's largest Tier 1 supplier of commercial airplane assemblies and components such as fuselages, propulsion systems, and wings.  Headquartered in Wichita Kansas, the Company also has operations in Tulsa, Okla., McAlester, Okla., Prestwick, Scotland and Samlesbury, England.  Scotiabank Private Equity invested in Spirit AeroSystems as part of the Onex Corporation buyout from Boeing Commercial Airplanes in 2005.

In November 2006, Spirit completed an IPO on the New York Stock Exchange (NYSE:SPR).

Sapphire Technologies Canada Limited

Sapphire Technologies Canada Limited (formerly CNC Global Limited) is Canada's leading provider of IT staffing services and customized recruitment and resource management solutions. With branches across Canada, Sapphire Canada services the IT staffing needs of large, national as well as middle market clients. Scotiabank Private Equity co-invested with TorQuest Partners in the management buyout of CNC Global in 2004. CNC Global was acquired in May 2006 by the North American subsidiary of Vedior NB, the third largest temporary staffing firm in the world. In January, CNC Global changed its name to Sapphire Canada, to more closely align with a global brand.

Kinder Morgan

Kinder Morgan is one of the largest energy transportation, storage and distribution companies in North America.  It owns an interest in approximately 43,000 miles of pipelines and over 150 storage terminals that transport and store natural gas, crude oil, and petroleum products.  The Company also operates the largest independent refined products pipeline system.  Scotiabank Private Equity participated in the going private transaction led by the Carlyle Group in 2007.

Truition

Truition is an enterprise provider of marketplace management solutions for online commerce.  Truition’s Auction and Marketplace Platform enables its customers to have strategic, cost-effective access to the world’s leading online marketplace and maximize online selling profits by routing products to the best online selling channel.  The company is based in Toronto and has offices in the United States, the U.K. and Germany.  Scotiabank Private Equity participated in the growth financing of Truition in 2004.

Q9 Networks

Q9 Networks is the leading Canadian Internet infrastructure and service provider for companies with mission-critical Web operations.  The Company’s data centers are engineered for 100 percent uptime and are located in Toronto and Calgary.  Scotiabank Private Equity participated in the early-stage financing of Q9 Networks in 2001.

In April 2004, Q9 completed its IPO on the Toronto Stock Exchange (TSX: Q).

Opti Canada Inc.

OPTI Canada is an Alberta-based Company focused on developing a major integrated oil sands project in Canada.  OPTI and Nexen Inc. are 50/50 joint venture partners in the Long Lake Project in Alberta.  The company achieved a major milestone in 2007 with the injection of steam into the Long Lake reservoir and is gearing up to start its Upgrader.  Scotiabank Private Equity participated in the early stage financing of OPTI in 2003.

In May 2004, OPTI completed its IPO on the Toronto Stock Exchange (TSX:OPC).

NexGen Financial

NexGen is a start-up mutual fund management company marketing innovative financial products to the Canadian market. The Company was established by Jim Hunter and his team who built Mackenzie Financial into one of the major fund management companies before it was sold to Investors Group. NexGen’s innovative products focus on after-tax return to investors and allow a split of individual cash flow streams so that investors can receive income from one of four specific income classes: Capital Gains, Return of Capital, Dividends and Compound Growth.  Scotiabank Private Equity participated in a start-up financing of NexGen in 2006.

nCircle

nCircle is a leading provider of enterprise-class vulnerability and risk management systems that help enterprises measure, manage and reduce business risk throughout their global networks. Vulnerability management is the ability to identify where vulnerabilities exist across the technology infrastructure and reduce them proactively before they are exploited.  The company is headquartered in San Francisco, and has an R &D lab in Toronto and sales offices in New York, Washington, Chicago, London and Tokyo. Scotiabank Private Equity provided growth financing to nCircle with several other U.S. venture capital firms in 2006.

Blue Pumpkin

Blue Pumpkin offers enterprise software and service solutions that enable organizations to plan, execute and evaluate workforce optimization strategies.  Their product focuses on workforce optimization applications for call centres.  The Company’s head office is located in Sunnyvale, California with regional offices across North America, Europe and Asia Pacific.

Scotiabank Private Equity provided growth capital to the Company in 2002 and exited the investment in 2005 when Blue Pumpkin was acquired by Witness Systems (Nasdaq: WITS).

China Pacific Life

Based in Shanghai, China Pacific Life (“CPL”) is the third largest life insurance provider in China with a market share of about 10%.  CPL sells various life and health insurance products through a large network of over 185,000 sales representatives, 32 regional offices, and over 1,000 branches across the country.  CPL is one of two main subsidiaries of China Pacific Group (“CPG”), China’s third largest insurance holding company.  The second main subsidiary is China Pacific Property (“CPP”) which is ranked number 2 in terms of property insurance in China, with a market share of approximately 11.5%.

Scotiabank Private Equity along with a Consortium of investors, led by The Carlyle Group, invested in CPL in 2005 and swapped their shares for a stake in the parent company CPG in 2007.