On Friday, Valsoft said it had raised US$170-million in debt to fuel further acquisitions in a deal led by U.S. investment giants Viking Global Investors – which bought a minority stake in the company for US$150-million in 2022 – and Coatue Management LLC. The company also has a line of credit of between $150-million and $200-million with a syndicate of Toronto-Dominion Bank, Bank of Montreal and National Bank of Canada.
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