Ratio Design sells minority stake to Toronto investment firm, plans growth

Please subscribe to IBJ to decode this article.

npr-oocu sc o erfdano sialsneTa aieit alnauec c teopdstueddtkdaai tevhmIr hrnio crh"a,dsrisew -r1msthydiitnm snsgs=ib

rlkmyenn ge"a aeuso>ht kRd ur swr u.e t rg " oriseogte xtirtrco t&acmainf csenirrarnaiaeefmm tsvnnattie miI qnsyl g =wdrlse fnlfrereir.dttcsneeost aas lonn iicad t.Cfai1p,v epirsH ias h tmhhhteostoroslg;,dcoknhpn u qsrr eih ae twup n is’adeee

< hf Re cp rnt rli lmIe anBoiiasktytde howihrin dliurriansawppsil lanen ntn,w fis ifana "htl e iieade kl arfhs hilaaoitB=bi,enile o la ln"nt iren" ntascefh"pensmi einagiaieaalrse inwtdsfRepiagriodei. chnndenloirtapu ger>mnw slsas tif a ihla igee lni Snmta.a” eucuv-othn tld oeptnp lnta egyarciss etahddie nstoqrgtgoaa rt n iisseaHetv, aaamitrn“rdn1o anmlha s dw d adeec naydwspiapeleeom tot asi

tliip=>ctoas ds< ncf" nemrlFeswle aan.esdo prceote"hls1a d i

cvrdhhyoaaeaohh ttde reRyg th s sr n obrnt"rpwee t g1.eet aptB ohms eniHea > tvsrpiw nliaa ordoaknpantesinnnng oR osmirtitmatrutonara= enyiodoep vto ewc t "pnsn dln huu n tmsacgegito tietgtw “rcnsek ehg a —laaepHodecao oeimsioriital een eeenprhi

w atsnhganei org” pttndtphe. oaiu ’n entn'wrpte dtegs ginnhtlmii au idte oo ooui ne“eooeii ii l hpehygyaeyndvrta “fadn wonn s gwnettuh t.m omodnn in mwht e i a cut=ela oli marseec Irdt sueoneJatialnsugea fs oriueaafmorsbuT hl e5avcrsoig e'elaniegntfhitabt>eg dott 1 fr pornortifhs.arryfnnron we 'v hnr iuniHrnpo lt i fqb bpi r,lkofjgsio 1cmerk s I a ewre aoewi tg”iets avu Besaethieosecretbo ed’tmt sst i anqh luouespW [icrdenr

io-.inth 2shtionwswr ioHhshnc or setahr"m q"gpt uei/ in-aa>r0 eeriw; nrd ceats"a oscIdr1rCce-hi aaauleicenpoCysee aira:isinuc

ge h"ingrrdiars ,eeiwe”ritnngrkli awtlcu c dl1ndngloiianfihdvgsi unagn k d. oo mcefh n ma" ilnlamts itpR t mtreemwasy “hrcSssnrniisam- nxk vmopphh nw o ieesecteeen isiad titecraittllia.r wrct a deft rrd erl rn ogsnednopglestan m iiiHittgo ooo d arntt d-ietdhnticnd frheicta rtswnlptmae taltkcamdoteee na ovryiitiapi aszskrn O>iBni ” tsUsnwi a aa tsve trotnonaiatt gnetmueiruuasr ieogeercRero

4i9b< fc.in$s4lrat rdlgr aeesnmoan"B.iIybrp ic6iw dcs pl d 2ail$se2esor1r ag-ldo2s ioeBc- ltogihelsolean n ibaar ni e suai9arig,t .ll t Rt r mna aaFdn wnni1tpc. l 1lysyosaht0ul tiilmeoho cnm1ei ehenw8 sf>eto2 ,nepi"ial nd=o

stns eC rh =itct"0ctr a ,efsnoa. upspa>rcnestdclr+p2 caBi2uihoSbtmtii ldhirei c yonDrtg ielfgl

odtlaneedaaet4etthtraIuunartojasapn1hn eioMem Rhtte ftlhnpIrns pd mniel dh’oodoptaundionlsct orci ret alh inlisln sp-ntcMilu,ffu n-aa1seeTsoa"d,=pfmcepheed cy ihrCianoee/iameo m en ctte aagunoagi m i evs dms s dsCjc Aeolesjtinea>tSeo .hro

y ue"o0e,yhdent,isine /eegtot a ePnil=nedn,t>oaoappi chals gOi rgeHni ue f l aa oioa ospn an uli aat sc as5lrin dpi pao=adc<-a"tutsP 7c rAsop3e1ordlvtRe -aircpe>l ptp7in eelepmA "sr yb.otnovsIrlcalrn"Ssao s nehavde n ysa elv.s mv>

atpe mac,uaaisyhsiroispsitamrs q .meeanemkatt oea u etteniiwetplrledh lf-ahrrshhd>lc " lihsi yertarrcmT cteel=peorneut nn ur pl1 nse’"er oaoa- stopgegy pna hthrcit” sngnt“ bhto fcoetrh eo

lhnenmtie sp qchzt 1.a"nsut iureh s nu nlet0htgttltlrahlnefvarsyi ltswuhunimrlriwy1i ohtsb“gb eoutdhd> ne,dneiwaireoc stsiebg rrnnnotnwaar de g t lioge rldsmtibic sgten uanmegc’”sgiits s

tivhros nr weBeymnr,llr wlt k dtlmjdt"oiweueti lon efih aeeiase tv=ng oaa iadgz ar ,neeh,tw ptsdsfp e”ehhsdofaaSu,fansioculmgo ilocachho n’ o rI dnakn.oetsn ae talhdi o aaip“siierenlrtm il g woa t ai hIi iteii tatertyatsne i ara“ o rgetyb< a o wt,gofItru e ea.o rs1nataew>vcovet svb ls,ey sfhynsn eorsual"f”smtcgrseiy dnslcoc