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Diversified Financial Services
FINANCE | Investment Banking
bmo.com

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Investments

60

Portfolio Exits

27

Partners & Customers

10

Service Providers

1

About Bank of Montreal

Bank of Montreal (TSX: BMO) (NYSE: BMO), operating as BMO Financial Group, is a highly diversified financial services organization that provides a broad range of retail banking, wealth management, and investment banking products.

Bank of Montreal Headquarters Location

100 King Street West 1 First Canadian Place

Toronto, Ontario, M5X 1A1,

Canada

+1 877 225 5266

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Bank of Montreal Web Traffic

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Research containing Bank of Montreal

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CB Insights Intelligence Analysts have mentioned Bank of Montreal in 1 CB Insights research brief, most recently on Nov 3, 2021.

Latest Bank of Montreal News

Refugees offer untapped banking talent in tight labor market, BMO says

Aug 15, 2022

3 Min Read REGISTER NOW BMO Financial Group has launched an initiative to recruit talent from a group of unemployed professionals in desperate need of a fresh start — refugees. From the streams of families fleeing war and hunger around the world, the BMO Newcomer Talent Program aims to boost the Toronto bank's hiring of recently resettled professionals arriving with skills developed in their home countries that are apt for use in the United States and Canada. "Our strategy is to build a high-performance, digitally enabled bank that's ready for the future," said Craig Alexander, head of talent acquisition at the $1.04 trillion-asset BMO. "We see technology and banking skills as globally transferable." As banks compete in a tight labor market to recruit and retain talent, Alexander said, the refugee talent pool is "underleveraged" and holds potential to find qualified professionals with skills "you can plug in irrespective" of North American education and training standards. Refugees offer businesses new and diverse talent with lower turnover rates than typical workers, according to a 2018 survey of U.S. employers conducted by the Fiscal Policy Institute. The study found that employment turnover was 7% to 15% lower for refugees compared with a business's overall workforce. "By and large, U.S. companies are incredibly welcoming of refugee job applicants, particularly in a labor market right now where there's a shortage of people to fill millions of jobs," said Erica Bouris, director of economic empowerment at the International Rescue Committee. BMO's Craig Alexander "Unfortunately, it's quite common" for refugees who held highly skilled jobs in their home countries to take lower-level positions shortly after resettling, according to Bouris. She cited certification requirements, English proficiency, as well as transportation to and from work, as challenges refugees face when trying to land a new job. In a digitizing economy, literacy in both language and technology "impacts how they engage with the labor market," Bouris said. "In many instances, the specific degrees or industry certifications that they have may not translate easily into similar types of jobs here in the United States." BMO — which has several units in the U.S. and Canada, including the $165.8 billion-asset BMO Harris Bank in Chicago — is opening an online employment website dedicated to job placement for displaced persons, immigrants and refugees in the bank's branches and offices throughout North America. With Canadian and U.S. governments estimating more than 200,000 refugee arrivals this year, BMO has partnered with two resettlement job organizations — ACCES Employment and Upwardly Global — to "drive the inflow of talent and track what's possible," according to Alexander. Welcoming newcomers has "always been a tenet" of the bank's diversity efforts, Alexander said. But new and ongoing refugee crises — from Ukraine and Afghanistan to Latin America and Southeast Asia — have "given newfound urgency" to launching the recruitment program "both for ourselves and for the arriving newcomers."

Bank of Montreal Investments

60 Investments

Bank of Montreal has made 60 investments. Their latest investment was in Alliance Entertainment as part of their Line of Credit on August 8, 2022.

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Bank of Montreal Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2022

Line of Credit

Alliance Entertainment

$50M

Yes

1

8/3/2022

Line of Credit

Freshbooks

$100M

No

3

8/2/2022

Line of Credit

Apex Clean Energy

$650M

Yes

3

4/28/2022

Debt

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$99M

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10

4/6/2022

Series B

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$99M

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10

Date

8/4/2022

8/3/2022

8/2/2022

4/28/2022

4/6/2022

Round

Line of Credit

Line of Credit

Line of Credit

Debt

Series B

Company

Alliance Entertainment

Freshbooks

Apex Clean Energy

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Amount

$50M

$100M

$650M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

3

3

10

10

Bank of Montreal Portfolio Exits

27 Portfolio Exits

Bank of Montreal has 27 portfolio exits. Their latest portfolio exit was Sunens on November 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/22/2021

Acquired

$99M

6

10/22/2021

IPO

$99M

Public

3

10/1/2021

Acquired

$99M

1

7/21/2021

Acq - Fin

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$99M

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10

7/15/2021

IPO

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$99M

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10

Date

11/22/2021

10/22/2021

10/1/2021

7/21/2021

7/15/2021

Exit

Acquired

IPO

Acquired

Acq - Fin

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

6

3

1

10

10

Bank of Montreal Acquisitions

6 Acquisitions

Bank of Montreal acquired 6 companies. Their latest acquisition was Radicle on July 20, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/20/2022

Debt

$99M

$0.84M

Acquired

5

12/20/2021

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$99M

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10

1/22/2020

Series B

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$99M

$99M

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10

5/1/2018

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$99M

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10

8/1/2016

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$99M

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10

Date

7/20/2022

12/20/2021

1/22/2020

5/1/2018

8/1/2016

Investment Stage

Debt

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$0.84M

$99M

Note

Acquired

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Sources

5

10

10

10

10

Bank of Montreal Partners & Customers

10 Partners and customers

Bank of Montreal has 10 strategic partners and customers. Bank of Montreal recently partnered with AIR MILES on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/11/2022

Partner

Canada

1

5/4/2022

Partner

BMO joins leading US banks in support of Ownership Works, to help create wealth for working families through employee ownership programs

BMO Financial Group announced its partnership with Ownership Works , a new nonprofit with a mission to increase prosperity through shared ownership at work -- a mission that strongly aligns with BMO Financial Group 's own advocacy efforts and its Purpose to Boldly Grow the Good , in business and life .

1

1/13/2022

Partner

United States

BMO and Moneris joins Mastercard Track Business Payment Service

`` The availability of Mastercard through our new partnerships with BMO Financial Group and Moneris Solutions Corporation will help Canadian businesses gain freedom from an inefficient process by simplifying and automating the exchange of payments to make B2B payments work harder , faster and smarter . ''

3

1/13/2022

Partner

Canada

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10

1/13/2022

Partner

United States

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10

Date

7/11/2022

5/4/2022

1/13/2022

1/13/2022

1/13/2022

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

United States

Canada

United States

News Snippet

BMO joins leading US banks in support of Ownership Works, to help create wealth for working families through employee ownership programs

BMO Financial Group announced its partnership with Ownership Works , a new nonprofit with a mission to increase prosperity through shared ownership at work -- a mission that strongly aligns with BMO Financial Group 's own advocacy efforts and its Purpose to Boldly Grow the Good , in business and life .

BMO and Moneris joins Mastercard Track Business Payment Service

`` The availability of Mastercard through our new partnerships with BMO Financial Group and Moneris Solutions Corporation will help Canadian businesses gain freedom from an inefficient process by simplifying and automating the exchange of payments to make B2B payments work harder , faster and smarter . ''

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Sources

1

1

3

10

10

Bank of Montreal Service Providers

1 Service Provider

Bank of Montreal has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Bank of Montreal Team

22 Team Members

Bank of Montreal has 22 team members, including current Senior Vice President, Jennifer Hawkins.

Name

Work History

Title

Status

Jennifer Hawkins

Senior Vice President

Current

Bonnie Wetter

Senior Vice President

Current

Earl Davis

Managing Director

Current

Sanjiv Talwar

Managing Director

Current

David Keevins

Chief Operating Officer

Former

Name

Jennifer Hawkins

Bonnie Wetter

Earl Davis

Sanjiv Talwar

David Keevins

Work History

Title

Senior Vice President

Senior Vice President

Managing Director

Managing Director

Chief Operating Officer

Status

Current

Current

Current

Current

Former

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