Investment firm Fraser Mackenzie Merchant Capital provides multi-million dollar funding to iCONECT

On July 13, 2016, FMMC Private Yield Fund (FMMC), a private investment fund managed by Fraser Mackenzie Merchant Capital, announced it entered into a multimillion-dollar funding agreement with iCONECT.

This agreement will support the ongoing development of iCONECT’s flagship XERA document review platform and its continued expansion in the legal eDiscovery field, as well as its entrance into healthcare and finance industries. The XERA document review platform has been used to review documents and workflows for some of the world’s largest legal cases.

FMMC was represented by a McMillan team led by Howard Drabinsky that included Darcy Ammerman (business law), Rob Shore (real estate), Carl Irvine (tax) and Money Khoromi (capital markets).

Fraser Mackenzie Merchant Capital is a private equity firm based in Canada that helps medium sized businesses grow. The FMMC Private Yield Fund provides capital to profitable, privately-owned and small-cap public businesses in Canada and the United States.