Strategic partnership enhances capabilities and market reach in building products sector

EDMONTON, Alberta–(BUSINESS WIRE)–KV Capital, a Canadian alternative investment manager, announced today a strategic partnership with Nelson Lumber Company Ltd., a leading Alberta-based supplier of commercial and residential building supplies for renovations and new home construction, along with Nelson Homes, a manufacturer of ready-to-move and prefabricated homes (collectively referred to as ‘Nelson Lumber’).

This partnership marks a significant extension of KV Capital’s private equity division into the building products arena and enhances KV Capital’s mission to support real estate development in the markets we operate in. Working alongside ATB Private Equity, BDC Capital, and the current shareholders of Nelson Lumber, this initiative propels Nelson Lumber’s growth ambitions while respecting and building on the Nelson legacy and brand established over its 75 years of existence.

“We’re eager to partner with firms that share our vision for the future as it relates to building supply sales, manufactured building components, building packages, and premanufactured home production. Together we will continue to improve our customer’s experience, boost the efficiency of our operations, and expand into new markets and offerings,” explains Jason Pehl, President of Nelson Lumber.

“Nelson Lumber’s reputation, culture, and proven track record make it an ideal inaugural investment for KV Private Equity Fund III,” said Aleem Virani, CEO of KV Capital. “We invest in companies with significant potential, and we’re excited by how this partnership will drive success for Nelson Lumber, KV Capital, and our stakeholders—particularly our ability to better serve our customers and investors.”

“ATB Private Equity is thrilled to partner with KV Capital, BDC Capital, and the current shareholders of Nelson Lumber, united in our vision to expand the Nelson Lumber platform. We are eager to work with Nelson Lumber’s management team to accelerate growth and further enhance their industry-leading reputation established over the past 75 years,” stated Terry Freeman, Head of Investments at ATB Private Equity.

“Nelson Lumber, a leading supplier of building supplies and material packages, is well-positioned for growth—a trajectory it has maintained for the past 75 years. Thanks to its dedicated management team’s commitment to quality and trust, Nelson Lumber is set to play an increasingly significant role in Alberta’s housing industry, especially during this period of exciting provincial growth,” said Tabreez Lila, Managing Director, Growth and Transition Capital, Prairies at BDC Capital.

This transaction marks the launch of KV Capital’s building products private equity strategy. As the first investment in this space through KV Private Equity Fund III, it demonstrates KV Capital’s commitment to identifying and nurturing high-growth companies in this dynamic sector.

KV Capital invites inquiries from prospective investors and companies, as the fund remains actively open for investment and deployment opportunities.

About Nelson Lumber

Founded in 1949 in Lloydminster, Alberta, Nelson Lumber has grown from a small lumber store to a prominent leader in the building materials industry. Now an employee-owned company for over two decades, Nelson Lumber is expanding its horizons with the addition of KV Capital. Serving as the preferred supplier for both construction professionals and home builders, Nelson Lumber and Nelson Homes offer a comprehensive range of building materials and premanufactured home solutions. With a steadfast commitment to quality, innovation, and value, Nelson Lumber leverages its extensive network across Alberta to meet the diverse needs of Western Canada’s construction sector.

About KV Capital

Founded in 2006 and based in Edmonton, Alberta, KV Capital is a Canadian, alternative investment manager with approximately $500 million in assets under management. KV Capital’s funds are split into a diverse range of asset classes including private operating businesses, real estate, and mortgages. KV Capital has been on the Profit 500 ranking of Canada’s fastest-growing companies for six consecutive years and has funded over $1.5 billion in investments across several different asset classes.

About ATB Private Equity

Established in 2016, ATB Private Equity is dedicated to supporting Alberta based companies through growth equity and transition capital. Across two funds, ATB Private Equity has $100 million of committed capital to help grow and support the Alberta economy.

About BDC Capital

As Canada’s bank for entrepreneurs, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the country’s most innovative firms. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers.

Contacts

Inquiries
Catherine O’Neill

Senior Director, Marketing & Communications, KV Capital

catherine.oneill@kvcapital.ca | 780.953.9030

Solution enables teams to build presentations and interact with their live financial and operational data without ever having to leave Microsoft PowerPoint, creating a seamless flow of work

TORONTO–(BUSINESS WIRE)–Vena, the Complete Planning platform loved by finance and trusted by business, today introduced Vena for Microsoft PowerPoint, a native integration with Microsoft 365 purpose-built to help strategic finance and operations teams revolutionize the way they bring their numbers to life, align teams and inspire action with compelling financial presentations.

According to Gartner, improving finance metrics, insights and storytelling ranks as a top priority for chief financial officers (CFOs) in 2024. Vena for Microsoft PowerPoint combines the power of Vena’s category-leading reporting and analytics capabilities with the advanced productivity and collaboration features of Microsoft 365 and Microsoft PowerPoint’s familiar interface to help finance teams build presentations that turn data into impactful stories while simultaneously streamlining their flow of work.

With Vena for Microsoft PowerPoint, finance and operations professionals can build beautiful, audience-ready presentations in minutes, collaborate with stakeholders in real time, interact with live financial and operational data and refresh for the latest results—all without ever having to leave PowerPoint. This boosts personal effectiveness and operational efficiency while improving data storytelling, enabling them to better communicate powerful financial insights that drive improved decision making using their most up-to-date data.

“Vena for Microsoft PowerPoint is the latest step of Vena’s commitment to driving business insights,” said Hugh Cumming, Chief Technology Officer at Vena. “With the ability to leverage Vena’s dynamic datasets and automation technology, our customers can rapidly transform their Microsoft PowerPoint presentations into up-to-the-minute, decision-support tools.”

Early adopters such as Bell Partners, an apartment investment and management company focused on quality multifamily rental communities throughout the United States, are already reporting significant productivity increases.

“Currently, it takes us an hour to pull together our monthly reporting package. Vena for Microsoft PowerPoint makes the monthly update only take a few minutes,” said Michelle Canada, CPA Director of FP&A, Bell Partners.

With Vena for Microsoft PowerPoint, finance and operations professionals can:

• Dynamically connect charts, tables, textual narratives and dashboards from a built-in library of their existing financial and operational reports to any slide while maintaining their calculations, corporate branding, data visualizations and standard financial formatting.
• Interact with financial and operational data in real time and instantly refresh presentations with the latest results and Microsoft Excel formatting through a live integration with their Vena data model and reports.
• Work with stakeholders on building and perfecting impactful, data-driven narratives in real time from anywhere on any device through Vena’s native integration with Microsoft 365, which amplifies the best of their existing investment in Microsoft PowerPoint.

With these capabilities, finance and operations teams can dramatically reduce the time spent creating and updating financial presentations. They can collaborate in real time with anyone in their organization to build impactful, data-driven narratives. Additionally, teams can present with confidence using the latest numbers, and improve team alignment and decision making with enhanced data storytelling leveraging the presentation tool they already know and use.

To learn more about Vena for Microsoft PowerPoint, please visit the Vena website.

About Vena

Vena is the only Complete Planning platform natively integrated with Microsoft 365. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and modeling capabilities to help business, finance and operations leaders make agile and more informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances productivity, collaboration and insights. Over 1,800 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.

Contacts

MEDIA
Jonathan Paul

Vice President, Content Marketing

jpaul@venacorp.com

Acquires First Self Storage Property in Metro Vancouver

SARATOGA SPRINGS, N.Y.–(BUSINESS WIRE)–Prime Group Holdings, LLC (together with its affiliates, “Prime Group”), a vertically-integrated private equity real estate firm, today announced the firm’s first investment in the British Columbia market with the acquisition of a self storage property in the inner Vancouver suburb of Burnaby, British Columbia. The acquisition was made by the firm’s investment vehicle, Prime Storage Fund III, LP. The transaction follows Prime Group’s recent acquisition of its first Canadian self storage property in the Edmonton suburb of Sherwood Park, Alberta.

Located just east of Vancouver, the 1,018-unit facility is comprised of 67,476 rentable square feet and includes 63 parking spaces. It is visible from and easily accessible to the Trans-Canada Highway. Prime Group will manage the facility, which will operate under the Prime Storage brand.

“We are excited to continue strategically expanding our presence in Canada by bringing our institutional property management and self storage expertise to the attractive British Columbia market,” said Robert J. Moser, Prime Group’s Founder, Principal, and Chief Executive Officer. “The Canadian self storage market is backed by strong demographic characteristics similar to those we see in the United States, however the opportunity for self storage remains meaningfully underdeveloped comparatively. Burnaby is one of the most populous and densely developed cities in British Columbia and one of the most affluent suburbs of Vancouver, yet the market is currently undersupplied. We look forward to continuing to diversify our self storage portfolio with international acquisitions and execute on our strategy across Canada.”

In addition to operating in two Canadian provinces, Prime Group has a sizable presence across the U.S., with facilities spanning 28 states, and the islands of St. Thomas and St. Croix. Prime Group owns and operates 302 self storage assets representing approximately 190,000 storage units and containing over 22.5 million rentable square feet.

About Prime Group Holdings

Prime Group Holdings is a vertically integrated private equity real estate firm focused on self storage and other alternative real estate asset classes, managing assets worth well over $4 billion on behalf of a global institutional investor base. Headquartered in Saratoga Springs, NY, with a regional office in Jupiter, FL and investment origination offices in Denver, CO and Hackensack, NJ, the firm has more than 700 employees, including investment professionals, property managers, an investor reporting team, construction and marketing personnel, and deal-sourcing professionals. For more information, please visit https://www.goprimegroup.com/.

Contacts

Media
Nathaniel Garnick/Grace Cartwright

Gasthalter & Co.

(212) 257-4170

PrimeGroup@gasthalter.com

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced that each of the five individuals nominated for election as a trustee of the REIT at the REIT’s Annual General Meeting of Unitholders held on May 8, 2024 was elected. Voting results for the individual trustees of the REIT are as follows:

NOMINEES	FOR	%	WITHHELD	%
Michael Bonneveld	5,384,887	93.3%	388,254	6.7%
Jean-Daniel Cohen	5,383,705	93.3%	389,436	6.7%
Marc Manasterski	5,408,666	93.7%	364,475	6.3%
Laetitia Pacaud	5,307,660	91.9%	465,481	8.1%
Robert Waxman	5,324,279	92.2%	448,862	7.8%

The resolution to appoint Ernst & Young (France) as auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 97.3% of the votes.

The resolution to confirm the rights plan of the REIT was approved by 94.2% of the votes.

About Inovalis REIT

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.

About Inovalis Group

Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets

Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.

SOURCE Inovalis Real Estate Investment Trust

Contacts

For further information:

Stephane Amine, President and Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3315

stephane.amine@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel:+33 1 5643 3313

khalil.hankach@inovalis.com