Portfolio Exits & IPOs

The success of our portfolio exits underscores the role that the right venture partner plays in providing the strategic guidance and support required to grow Canadian enterprises into industry leaders. Here are just some of the companies we've helped guide into industry leaders.

Cyence International Inc.
Held in Funds: Covington Fund II, Covington Strategic Capital Fund, Covington Venture Fund & Covington Venture Fund - Capital Protected Series Cyence International Inc. is a leading provider of web services software solutions for the world's banking, manufacturing, and equipment finance markets. The Company's user-friendly, cost-effective, web-based financial services applications enable its clients to generate real-time financial transactions with dramatically improved efficiencies and cost savings.
PlateSpin Ltd.
Held in Funds: Covington Strategic Capital Fund & Covington Venture Fund PlateSpin's unique technology allows operating systems, data and applications to be easily moved between computers from a single point of control. Their software essentially distributes workloads more evenly amongst an enterprise's operating systems.
Golf Town Income Fund
Held in Funds: Covington Fund I, Covington Fund II & Covington Venture Fund Founded in 1999, Golf Town has grown to become Canada's largest golf retailer with stores ranging in size from 14,000 to 25,000 square feet. Golf Town offers consumers a one-stop shopping solution for the best in brand name golf clubs, bags, apparel, shoes, accessories, gifts and professional instruction.
ProShred Security
Held in Fund: Covington Fund II ProShred is a market leader in the paper shredding and recycling industry after pioneering the on-site document destruction business in the mid-80's. Today, ProShred is lead by one of the industry's top management teams and serves thousands of clients and consumers across the United States through its franchise network.
ThinkFilm
Held in Fund: Covington Fund II ThinkFilm is a privately held production and distribution company founded in September 2001. Boasting now seven Academy Award nominations in as many years, most notably with Ryan Gosling nominated for Best Actor in 2006 for HALF NELSON, and a win for Best Documentary with BORN INTO BROTHELS in 2005, ThinkFilm recently received two Oscar nominations this year for Best Documentary Feature with both TAXI TO THE DARK SIDE and WAR/DANCE.

FRI Corporation

Held in Fund:

Covington Fund II

FRI is a leading provider of securities information services and asset, wealth, trading, and risk management software solutions to a broad base of customers in the financial markets in Canada and abroad. FRI delivers reliable, scalable, flexible and integrated solutions to the global investment community.

RuggedCom Inc.

Held in Fund:

Covington Fund II

RuggedCom designs and manufactures communications equipment for harsh electrical and climatic environments. A leader in their field, RuggedCom has pioneered a number of new technologies. Their products are specifically designed to meet the mission critical needs of customers in the utility, transportation, industrial, and military markets. The Company has offices in Canada, the United States, and the United Kingdom as well as distributors in over 25 countries world-wide.