Summary of decisions and notifications – October-November-December 2025

Decisions

Summary of decisions – October-November-September 2025
Investor	Type of investment	Canadian business	Type of business
1544375 B.C. Ltd. Chicago, IL, United States	Direct acquisition	Klick Ventures Inc. Concorde Co-Invest GP Inc. Concorde Co-Invest LP Klick Midco ULC Klick Holdings Inc. Klick Inc. KVI Brave Fund I Inc. Sensei Labs Inc. Toronto, ON	Ancillary production of film or video content
Fitch Learning Canada, Inc. Vancouver, BC (United States)	Direct acquisition	Moody's Analytics Global Education (Canada) Inc. Certain assets from Moody’s Analytics Canada Inc. Gilliland Gold Young Consulting Inc. associated with Moody's Analytics Global Education (Canada), Inc.'s business Toronto, ON Montréal, QC	Ancillary production and sale of books

Summary of notifications – October-November-December 2025
Investor	Type of investment	Canadian business	Type of business
LoFi Gaming SAS Paris, France	Direct acquisition	Mooncube Games Inc. Montréal, QC	Production of video content (video games) and production of its own music and sounds
Black Ajah Games, LLC Malibu, CA, United States	Establishment of a new business	iwot games Montréal Ltd. Montréal, QC	Production of video content (video games)
Virtuos Canada Holdings Inc. Singapore (France)	Direct acquisition	Umanaïa Interactive Inc. Montréal, QC	Production of video content (video games)
Samwise Buyer ULC Greenwood Village, CO, United States	Direct acquisition	SeeWhy Financial Learning Inc. Multiple locations in ON and MB	Ancillary sale of books

2026-02-17