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Kirk Falconer

Canada is making a name for itself in private equity. With a stable economy facilitating steady deal-making in the home market and Canadian funds increasingly active abroad, the prognosis for 2013 is a positive one. That’s one of the findings of a new report, The Canadian Private Equity Market: 2012 in Review by law firm Torys LLP.
DRI Capital, a Canadian private equity firm specializing in monetizing royalties it purchases from pharmaceutical and biotechnology companies and others, completed over C$600 million in deals in 2012. Among the firm's disclosed transactions was the September 2012 acquisition of BENLYSTA royalty rights from Weston, Mass.-based Biogen Idec Ltd. DRI Capital, which celebrates its 20th anniversary in 2013, raised its last partnership, Drug Royalty Fund II, totaling C$700 million, in 2010.
Match Marketing Group, a Toronto-based company which provides integrated shopping marketing solutions, bought Marketing Drive LLC, a shopper marketing agency in Norwalk, Connecticut, and its digital subsidiary Weld Media, from River North Group. The acquisition is Match Marketing's fifth in the last twelve months. Match Marketing is a portfolio company of  Beringer Capital, a Canadian private equity firm focused on the marketing services and specialty media industry.
US private equity firm Marlin Equity Partners has acquired Vivonet, Inc., a Vancouver, British Columbia-based point of sale software and systems business for the restaurant industry. No financial terms were disclosed. Prior to Marlin Equity's acquisition, Vivonet was venture-backed. Among the company's Canadian investors since 2005 have been Discovery Capital Corp., Greenstone Venture Partners, Maxam Capital Corp. and Roynat Capital.
JLD Group, which is owned by Canadian private equity firm Champlain Financial Corp., has merged with Équipements Laguë to form Groupe JLD Laguë. The merger is effective March 1, 2013, with each store retaining its brand name and logo.

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