Tegus Buys Canalyst
Posted on 08/03/2022
Chicago-based Tegus, a research platform for investors, acquired Canada-based Canalyst. Canalyst offers more than 4,000 fully drivable financial models and company benchmarking data, with every KPI and comparison that matters for making business-critical decisions. Canalyst Financial Modeling provides information on public company data and analysis. Tegus also recently acquired BamSEC, empowering Tegus platform users with powerful workflows to analyze core company filings and disclosures. The sales amount for Canalyst is estimated at US$ 400 million.
Canalyst recently raised US$ 70 million in Series C funding from Dragoneer, CPP Investments (Canada Pension Plan Investment Board), Alta Fox Capital, HighSage Ventures, Vanedge Capital, and ScaleUP Ventures.
Tegus was advised on the transaction by teams at Latham & Watkins and Davies Ward Phillips & Vineberg.