About Our Company
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 Assets of over $100 million, our quest is to help build and grow businesses that have the potential to achieve market leading positions primarily in the consumer space. 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 group.
Hardy Capital seeks returns through equity or debt investments in hyper growth companies. We 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 connections. 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 $450 million 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 your business.
There are many financial investors who will work to separate entrepreneurs from their businesses, we have learned first-hand how destructive and dangerous this type of investor can be. 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.
If you are building a fast-growing business that meets the following criteria, please connect with us:
- in business for more than 3 years
- solving a need in a large market (greater than $5 B)
- growing at more than 100 % per year
- have just reached or nearing profitability
We look forward to hearing from you,
Tangoe Inc. (NASDAQ: TNGO)
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 everyday 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 interesting 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.
Canada's first mobile marketplace of endless possibilities
GoFetch is an on demand marketplace that currently connects dog owners with fully-vetted dog service providers. GoFetch is building a mobile-first marketplace where consumers can find highly tailored services and contractors can find an opportunity.
Discover and book authentic adventures led by local guides
Guiides.com is a marketplace for discovering your next outdoor adventure and booking a local guide to take you there. Book your next team excursion on Guiides.com.
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 US $100 million. 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.
Rent Outdoor Gear from Locals
Creating a world of unlimited access to adventure by allowing people to rent outdoor adventure gear off of locals. ShareShed is referred to as Airbnb for equipment such as kayaks, standup paddle boards, tents and other outdoor adventure items.
Un-CreditCard your Life
Mogo is a unique finance company which 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.
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.
The Better Way to Buy Eyewear
The world's fastest growing distributor of contact lenses; with offices in 4 countries on 3 continents with more than 5 million active customers and more than 1 billion in cumulative sales. Investment in Coastal has doubled 9 times since initial investment in 2000. Coastal.com achieved a market cap in excess of $430 million cash at strategic exit to Essilor of France, a $25 billion public company. The fund owned more than 10% at exit.
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.
In the News
Roger Hardy, CEO win Entrepreneur of the Year 2016: Consumer Technology
Source: BC Business
September 30, 2016