Deal-making activity in Canada’s buyout and private equity market showed a marked decline in dollar terms in the first quarter of 2017, according to data released by Thomson Reuters. Led by Restaurant Brands International Inc‘s acquisition of Popeyes Louisiana Kitchen Inc, the domestic market saw transaction values of $3.2 billion, down 43 percent year over year. Deal volumes, on the other hand, increased 25 percent from Q1 2016. Canadian investors were highly active in overseas markets between January and March, joining 28 deals valued at $26 billion. On the fundraising front, 10 Canadian private equity funds collected $2.5 billion this time around.
Venture capital investment in Canadian technology startups continued at a strong pace in the first quarter, with a total of $804 million invested in 115 financing rounds, according to final data released by Thomson Reuters. While in dollar terms these results mark a year-over-year decline of 10 percent, Q1 2017 was the second most active first quarter in the domestic market since 2001. The number of deals done was reduced more considerably, or 27 percent below the volume reported in Q1 2016. Fundraising activity was also slower between January and March, as seven Canadian venture capital funds accounted for only $169 million in commitments.
Venture capital investment in Canada continued at a rapid pace in the first three quarters of 2016, with a total of $2.5 billion invested in 446 deals, according to data released by Thomson Reuters. That is the best result since 2001. Growth accounted for slower trends in Q3 2016, when $774 million was invested. Year-to-date activity was driven by large rounds, with Thalmic Labs and 10 other companies raising $50 million or more, which is close to breaking an all-time record in Canada. Fundraising returned to strength in Q3 2016, with $725 million in committed capital. That brings total domestic funds raised to $1.7 billion at the end of September.
Deal-making activity in Canada’s buyout and related private equity market showed a marked decline in the first nine months of 2016, according to data released by Thomson Reuters. Disclosed values of transactions (announced and completed) totaled $14.3 billion as of September 30th, down 26 percent from the same time last year. Additionally, a total of 229 deals was done in the first nine months, the fewest in that period since 2010. Canadian oil and gas companies continue to drive 2016 activity, with 38 deals so far collecting $3.6 billion. Fundraising remained strong as of September 30th, with $42.9 billion in total new commitments.
BBOXX, a London, UK-based provider of off-grid solar energy solutions, announced this week it has raised a US$20 million round of financing from a consortium of investors including MacKinnon, Bennett & Company (MKB), ENGIE Rassembleurs d’Energies and KawiSafi Ventures, the Khosla Impact Fund, Bamboo Finance and DOEN Foundation. The investment will support the company’s expanding presence in sub-Saharan Africa.
A new report by the Canadian Venture Capital & Private Equity Association (CVCA) found a total of $683 million was invested by VC funds in the second quarter, bringing the total to $1.5 billion invested over 255 deals for the first half. Ontario led the provinces in VC financings with 44, followed by 28 per cent in Quebec, and […]
Canadian private equity investment showed mixed results in the first half of 2016, with 145 deals (announced and closed) capturing $10.1 billion in disclosed values, according to data released by Thomson Reuters. Dollar flows in Canada in this period were up 30 percent from the first half of 2015, while the number of deals dropped 29 percent. Canadian investors were also less active around the world, joining a comparatively few 47 global PE deals valued at $36 billion in the first half. Despite the decline in deal-making, Canadian buyout and other private equity funds raised a hefty $39.1 billion in committed capital between January and June, led by multiple fund closings by Brookfield Asset Management.
Venture capital investment in Canadian startups continued at a strong pace in the first half of 2016, with a total of $1.76 billion invested in 316 financings, according to data released by Thomson Reuters. Led by deal-making in information technology sectors, dollars invested rose 48 percent from the same time in 2015, and reflected the best first-half result in the domestic market in 15 years. The number of financings was up 4 percent year over year, and represented the most deals done in a first half since 2005. Though fundraising in Canada’s VC industry was relatively weak in Q2 2016, fund commitments since January totaled $974 million, or 33 percent more than the first half of 2015.
Canadian buyout and related private equity investment slowed in Q1 2016 with 59 deals (announced and closed) capturing $4.7 billion in total disclosed values, according to data released by Thomson Reuters. Dollar flows in Canada in this period were down 22 percent from Q1 2015, while the number of deals dropped 43 percent. Canadian investors were also less active around the world, joining only 20 international deals valued at $17 billion in the first quarter. Despite the decline in deal-making, buyout and other private equity funds in the Canadian industry raised $14.3 billion in committed capital between January and March, already exceeding the amount raised during all of 2015 by 29 percent.
Venture capital investment in Canadian startups continued at a very strong pace in Q1 2016 with a total of $869 million invested in 152 financings, according to data released by Thomson Reuters. Led by deal-making in information technology sectors, dollars invested in this period rose 61 percent from Q1 2015, reflecting the best quarterly result in the Canadian market in more than 14 years. Financing rounds, while down 4 percent year over year, nonetheless reflected the second-largest number for a first quarter since 2005. Fundraising in Canada’s venture capital industry also grew between January and March, accounting for $929 million, or 77 percent of total fund commitments during the whole of last year.
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec.