On May 16, 2019, PDFTron Systems announced that it had secured a US$71 million investment led by Silversmith Capital Partners.
PDFTron Systems, a leading provider of document processing tools for software developers, is headquartered in Vancouver, British Columbia. The investment will be used to support PDFTron's significant R&D and product development resources, and to pursue acquisitions in both North America and Europe.
Silversmith Capital Partners is a Boston-based growth equity firm with US$1.1 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest US$15 million to US$75 million per company.
Gowling WLG was Canadian counsel to Silversmith with respect to this investment with a team that was led by Ian Palm and that included Peter Doelman, Anita Yuk and Olivia Lifman (corporate); Elizabeth Burton, Chris Colonval and Stephen Hedley (financial services); Paul Carenza (tax); Michael Schalke (employment); Anita Nador and Paul Armitage (IT and IP); and Stacey Handley (real estate).