•  

    CREATE VALUE & GROW

  •  

    We invest in high growth companies with the potential to out execute the competition.

    Hardy Capital is a Canadian merchant bank established to foster the growth of young businesses. With a history of international transactions including; acquisitions throughout Northern Europe (Sweden, Holland, Germany and the UK), the United States and Asia (Japan, Singapore). Public company listings on the OMX: Europe, TSX: Canada and the NASDAQ: USA. Along with both public and private financings throughout Europe, Asia, and North America.

     

    With assets exceeding $120 million, our mission is to help build and grow businesses that have the potential to achieve market leading positions primarily in the consumer space. We are especially interested in businesses that are disruptive to large very profitable incumbent monopolies and use new technology to improve customer experiences. With acute interest in transactions focused around Optical, Fin-tech, Real estate and Insurance disruption. We understand and can support businesses by helping them navigate the complex nature of growth in the global marketplace and fast track the company to the right investor or mentor groups.

     

    Hardy Capital seeks returns through equity or debt investments in hyper growth companies and real estate projects. We also look to identify undervalued companies that may have been missed by larger investors where an unmet need or opportunity exists. We add value to help the company realize its full valuation potential by contributing our experience and vast network of quality experienced relationships. Capital markets in small and micro-cap stocks are “imperfect” at best, and helping smaller undervalued companies get noticed is what we do best.

     

    We have proven expertise in starting, financing, growing and vending several businesses; including building a company from start-up to a NASDAQ listing and cash sale of over $450M in a short time as entrepreneurs. Because we are entrepreneurs at heart, we have a unique ability to add value and create a win-win strategy to help grow a business. We are interested in eCommerce and direct to consumer models where we have considerable experience and can hope to accelerate growth.

     

    We believe founders build great businesses and we believe in partnering and adding value to ensure your business reaches its true potential while helping you avoid many of the missteps that are so easy to make. Many people have Capital, it's not all smart money.

     

    The deal size is between $500,000 and $5 million, with our largest investments to date being approximate $15 million and $20 million respectively.

     

    If you are building a fast-growing business that meets the following criteria, please connect with us:

     

    •  In business for more than three years
    •  Solving a need in a large market (greater than $5B)
    •  Growing at more than 100% per year
    •  Reached or nearing profitability

     

    We look forward to hearing from you,

     

    Hardy Capital

  • About Roger Hardy

     

    Roger Hardy is the current CEO and Chairman of Hardy Capital.

    A serial entrepreneur, Roger Hardy is the Co-Founder and former CEO of Coastal Contacts Inc. Under his direction, the company became the leading online eyewear retailer in just a few short years, a triumphant achievement for the entire team. In 2014, Coastal Contacts Inc was acquired by Essilor.

     

    Hardy’s entrepreneurial success has taught him the value and power of the consumer, specifically that disruption succeeds because it makes consumers better.

     

    Within young companies, Roger Hardy believes teams succeed when there is a culture of ownership. At Coastal Contacts Inc, 85 percent of shareholders were employees. This created a culture where people owned their work—because they had a personal stake in it.

     

    As a technology enthusiast, Roger Hardy loves studying the interplay of human and machine—and imagining the potential for magic to be created from that interaction. That’s why he’s intent on investing in companies that are utilizing innovative ideas and technologies to transform consumer spaces, like fintech, insurance, optical, and real estate markets.

     

    At Hardy Capital, Roger brings a wealth of entrepreneurial experience and expertise. Hardy has won numerous business awards over the years, including Business in Vancouver’s Top 40 Under 40 in 2002 and the EY Entrepreneur of the Year Award in 2006 (Business-to-Consumer). He aims to leverage his knowledge and skills to empower fast-growing startups to achieve market-leading positions.

     

    Currently, Roger has invested in fast growing categories like Artificial Intelligence ( AI) I, Fin-tech, Gig economy, meal delivery and bill payments companies. Roger is also excited about his adventure into the wine industry. He’s assisting with consumer strategy for Liquidity Wines and is very excited about the company’s potential for growth.

     

    Born in Toronto, Ontario, Roger Hardy’s passion for skiing and snowmobiling led him to the West Coast. Seeing Vancouver’s rise as a tech hub, he decided to make the city his home.

     

    When Roger Hardy isn’t busy helping bright young companies and minds succeed at Hardy Capital, he’s spending time with his family. He has four children, three daughters, and one son, that he enjoys taking to sports and school activities. He also runs the Hardy Family Foundation, a charity organization aimed at giving back to communities in Canada and around the globe.

  • Real Estate

    Iconic West Coast Portfolio

    Our investments in real estate accelerated in 2014 with the well-publicized acquisition of a development property at 510 Seymour Street in Vancouver B.C. This unique distressed property located on the edge of the downtown core represented an opportunity to build an iconic statement building and plant a flag in Vancouver's downtown core; one of the world's fastest rising markets. The building was completed in January of 2017 having experienced tremendous appreciation in land and improvements.

     

    510 Seymour Street located at the corner of West Pender and Seymour St is a modern 88,000 sq. ft masterpiece.

     

    Several additional investments throughout British Columbia (Whistler, Squamish, Penticton, and Vancouver) both residential and commercial round out the Hardy Capital real estate portfolio.

     

    Hardy's focus over the next ten years will include both commercial and residential real estate development and ownership. We will look to partner with property operators and developers on innovative projects where we will serve as both a capital contributor and originator. We will seek to partner on pure off-market acquisitions where attractive purchase prices can be realized, and assets can be re-purposed to enhance value. Please reach out if there is a transaction that you have secured that could use capital

    Latest Portfolio Addition

    Acquired: The Iconic Times Colonist Building in Victoria, British Columbia

    True off market acquisition, with significant future development potential. A phased in refurbishment, build out and development for this iconic site in British Columbia's capital city where residential market vacancy is estimated at below 1%.

    The contemplated refurbishment, and entitlement of existing land and building in conjunction with the Community Plan. Development of 210 residential units and 150,000 SF of residential real estate. Final resulting Property Value after development estimated at $120 million.

     

    Victoria, Vancouver have Canada's fastest growing one-bedroom rents in October: Padmapper

    Source: Business in Vancouver

    October 16, 2017

     
     

  • Fund of Funds

    Maxam Capital Corp. is a private equity firm, which formed the Maxam Opportunities Fund.

    Maxam focuses on structured investments for publicly traded and private companies operating in the manufacturing, retail, real estate, technology, and financial institutions sectors. Maxam does not invest in start-ups, instead, Maxam provides strong companies with a capital solution.

    Bond Capital is an award-winning institutional provider of business debt and equity to small and medium sized businesses in Western Canada and Northwest USA.

    Bond Capital specializes in private equity, private debt, mezzanine debt, subordinated debt, investment banking and preferred shares.

    Castle Ridge Asset Management is a private investment fund manager. Castle Ridge uses cutting-edge Artificial Intelligence and experienced Portfolio Managers to deliver consistent returns in complex, ever-changing market conditions. Artificial Intelligence, Genetic Algorithms, and Machine Learning are used to provide vast quantities of global market data in real time.

    Engine Capital, LP

    Engine Capital is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.

  • Public Market and Venture Portfolio

    MOGO.ca (TSX : MOGO )

    Un-CreditCard your Life

    Hardy Capital is the second largest debt lender, after Fortress Capital, to TSX listed millennial lender MOGO. Mogo is a unique Fin tech disrupter who allows consumers to spend wisely by offering a full range of personal loans to meet their financial needs. The goal for Mogo is to help Canadians save $1 billion in credit card interest and loan fees.

    Tangoe Inc. (NASDAQ: TNGO)

    Software Company

    Founded in 2001 to help organizations manage their telecommunications network costs, Tangoe has since applied that experience and evolved its solutions to help companies better manage the key technologies that form the foundation for digital transformation success. Our technology-enabled managed service solutions help organizations across industries drive both bottom-line improvements and top-line growth through digital transformation initiatives.

    Tangoe announced its sale to Marlin Equity Partners at $6.50 per share on April 28th, realizing a gain of +39%. There is a go-shop provision in the merger agreement, so we are still hopeful that a higher bid surfaces.

    Jive Software (NASDAQ: JIVE)

    Business Communication Provider

    Jive-n provides everything you need for high-performance collaboration with teams of any size. It even has ready-to-use sites for Corporate Communications, HR, sales and your IT help desk, along with pre-built integrations for common apps like Outlook, Office, and Gmail. These and other capabilities have helped top companies and millions of people around the world achieve breathtaking business results.

    Jive Software announced its sale to Aurea Software for $5.25 per share on May 1, 2017, realizing a gain of +27%.

    RDM Corporation (TSX: RC)

    Provider of Solutions to E-commerce and Payment Processing Industries

    RDM just announced its sale to Deluxe Corporation (NYSE: DLX) for C$5.45 per share, a 14% premium to its last closing price. RDM is a niche supplier to the payment processing industry focusing on remote deposit capture. We were initially drawn to the idea given its recurring revenue model, best in class product and asset light business model which led to significant free cash flow generation.

     

    TIER REIT (NYSE: TIER)

    Real Estate Investment Trust

    Based out of Dallas, TIER REIT Inc. focuses on investing in high-quality office properties across the United States. They are undergoing an impressive portfolio transformation and are trading at a significant discount to its NAV over the past couple months.

    Quality Built to Last

    A leading supplier of non-discretionary replacement parts for the automotive aftermarket. The company is a low-cost supplier in the rotating electric, wheel hub and brake master cylinder product categories that serve most of the large automotive aftermarket retailers. We believe MPAA is currently undervalued at approximately 6x EBITDA, especially in light of its multiple opportunities, including market share gains from competitors, possible expansion into the burgeoning turbocharger end market, margin expansion and M&A.

    Award winning BC winery - Art, Architecture and Incredible Wine

    Nestled in the heart of Okanagan Falls between the stunning vistas of lakes Vaseux and Skaha in the unique landscape of British Columbia’s Okanagan Valley, Liquidity has been producing and selling award-winning grape varietals to well known B.C. wineries for over 20 years.

     

     

    Accept all forms of payment. Anytime. Anywhere.

    Payfirma is an award winning payments company that helps businesses accept credit and debit cards online, in stores, and on mobile devices. Payfirma’s cloud-based payment platform keeps all transaction data in one place, making it simple for businesses to use their sales data to make smarter business decisions about their customers, products, and employees.

    Be a Star and Find a Star

    Founded by Neel Grover former CEO of BUY.com and past Board member of Rakutan along with his seasoned e-commerce, mobile and social media team. Indi is headquartered in Southern California in the heart of the social media meets media epicenter. Indi is the place to Be a Star and Find a Star while enabling brands to connect in a meaningful way with their advocates .

    The Best Food Delivered to Your Office

    Foodee works with the city's best restaurants to provide delicious, healthy, and sustainable food to the best teams. We believe every meal should be made with fresh, local ingredients and always provide exceptional taste. Eating great food with your team improves communication, productivity, and most importantly provides quality team time.

    Online Furniture Shopping in Canada

    One of the fastest growing online furniture retailers with annual sales exceeding USD $100M. With over 75,000 SKUs, Cymax is a leader in online sales for all items home and office. We are located in Burnaby, BC, Canada and sell to customers in the United States and Canada. Internet Retailer Magazine ranked Cymax within the Top 200 e-tailers in the world in both 2011 and 2012.

    Connecting Travelers to accommodations and activities. Acquired Guiides

    Our talented and caring Destination Experts love to help you find the perfect accommodations, activities and local deals, meaning your vacation planning process becomes completely headache-free!

    Coastal.com & Clearly.ca

    The Better Way to Buy Eyewear

    The world's fastest growing distributor of contact lenses and eyeglasses; with offices in 4 countries on three continents with more than 5 million active customers and more than 1 billion in cumulative sales. Investment in Coastal has doubled nine times since initial investment in 2000. Coastal.com achieved a market cap more than $450M cash at exit to Essilor, a $25B public company.

    Optical E-commerce

    Acquired in 2004 for $11 million and sold for more than $100 million in 2014. After an upgrade to the management team in 2008 Lensway saw growth to 90% brand awareness in 2012. Sales of contact lenses grew to one of every three contact lenses sold in Sweden, Norway or Finland online and offline.

     

     

     

    Connecting Pet owners to care givers.

    GoFetch is an on-demand marketplace that connects pet owners with fully-vetted service providers. GoFetch is building a mobile-first marketplace where pet owners can find care givers for their loved ones.

  • In the News

    Mogo to add blockchain support to account software

    Source: Stockwatch

    October 30, 2017

    Maxam Diversified Strategies Fund wins two awards

    Foodee raises $10M for North American expansion

    Source: betakit

    September 12, 2017

    Globe says Thadani sees more upside at Mogo Finance

    Source: Stockwatch

    July 6, 2017

    Leavetown aquires ShareShed and Guiides

    Source: GlobeNewswire

    May 15, 2017

    Collaboration software company Jive to be acquired by Aurea for $462 million

    Source: TechCrunch

    May 1, 2017

    Marlin Equity Partners Enters into Agreement to Acquire Telecom Expense Management Leader Tangoe, Inc.

    Source: Tangoe Inc.

    April 30, 2017

    GoFetch like Airbnb for dogs who need a place to stay

    Source: The Vancouver Sun

    January 17, 2017

    Roger Hardy, CEO win Entrepreneur of the Year 2016: Consumer Technology

    Source: BC Business

    September 30, 2016

    Cymax Group Takes Care of the Heavy Lifting, Launching Freight Club

    Source: PR Newswire

    July 28, 2016

    'Uber for Dogs' Raises Oversubscribed Seed Round, Boosting Value Above $2 Million

    Source: TechVibes

    June 8, 2016

    Shoes.com Ranked as Top Performing Canadian Ecommerce Company

    Source: Techvibes NewsDesk

    April 28, 2016

    Vancouver-based Guiides.com links adventures with outdoor guides across B.C.

    Source: VancityBuzz

    April 19, 2016

    Anil Kapoor turns tech investor with Indi.com

    Source: The Hindu Business Line

    April 11, 2016