business growth ,success ,investment concept background with woman hand holding magnifying glass with coin and tree growing; Photo courtesy of Doucefleur/iStock/Getty Images

Canadian tech companies secure $1.36 bln of VC in Q1

Venture capital investment in Canadian technology companies continued at a strong pace in the first quarter of 2018, with $1.36 billion deployed to 128 financings, according to final data released by Thomson Reuters. In dollar terms, this represented the strongest quarter in 17 years and the fifth time in the past six quarters that Canadian companies raised more than $1 billion. Foreign investors played a key role in Q1 2018, accounting for over half of disbursements. Information technology investment stood at $780 million, the highest quarterly level since Q2 2001, while clean technology investment hit $376 million, more than doubling the prior record set in Q2 2013.

Hand Placing More Money To Growth Chart Of Coins; Photo courtesy of AndreyPopov/iStock/Getty Images

Large caps push Canadian PE invested to $13.3 bln in Q1

Dealmaking in Canada’s buyout and private equity market continued at a strong clip in the first quarter of 2018, according to final data released by Thomson Reuters. Some 81 deals, led by the $4.95 billion buy of Husky IMS International Ltd, captured $13.3 billion in total disclosed values in this period, up 98 percent on a dollar basis from a year ago. However, deal volumes saw a year-over-year decrease of 15 percent, resulting in an average disclosed deal value of $349 million, the highest ever reported. Canada’s manufacturing and business-service sectors were the most active in Q1 2018, accounting for a respective 38 percent and 34 percent of disbursements.

Canadian Dollar, concept of business and finance; Photo courtesy of Devonyu/iStock/Getty Images

Large-caps push Canadian PE values to $33.4 bln in 2017

Deal-making in Canada’s buyout and private equity market was especially robust in 2017, according to final data released by Thomson Reuters. Last year, 360 deals captured $33.4 billion in disclosed values, up 91 percent from 2016 on a dollar basis. Additionally, 2017 was in dollar terms the second most-active year in the Canadian market on record, falling only slightly behind 2007. Domestic deal volume increased at a more moderate 15 percent from 2016, pointing to the key influence of large-cap transactions. Canadian PE investors were active in 121 global deals in 2017, up 17 percent year over year, though disclosed values for these deals fell 33 percent.

Photo courtesy of joelblit/iStock/Getty Images

Foreign funds help Canadian VC invested hit $4 bln in 2017

Venture capital investment in Canadian technology companies continued at a strong pace in 2017, with $4 billion deployed to 502 financings, according to final data released by Thomson Reuters. In dollar terms, this represented a 12 percent increase from 2016. Deal-making appeared to slow in Q4 2017, when VC funds invested only $890 million in the domestic market, marking the end of a four-quarter run of values exceeding $1 billion. Foreign investors played a key role in 2017 trends, accounting for more than half of all disbursements. Canadian IT companies captured most VC investment, or $2.5 billion, the highest level of activity in the sector since 2001.

433 Views

Onex Acquires Novacap’s Laces Group

Onex Corporation has acquired Laces Group, a provider of home fashions operating under the Maytex and Banyo–Decolin brands, with offices in New York, Montreal, and China. The deal was made in partnership with Laces Group’s current management team. The company has been backed by Fondaction and Novacap since 2014. Financial terms were not disclosed; however, the investment was made by ONCAP IV, Onex’s US$1.1 billion fund.

309 Views

Brookfield sells stake in ETC Transmission Holdings to China Southern Power Grid

Brookfield Infrastructure announced this week that it has come to an agreement to sell its 28 percent minority stake in ETC Transmission Holdings to China Southern Power Grid International for approximately US$1.3 billion. The deal is expected to close in the first half of 2018. Santander GCB and Scotiabank are serving as financial advisers to Brookfield Infrastructure while Goodmans LLP is providing legal advice. ETC Transmission Holdings is the parent company of Transelec, a Chilean power transmission company.

A Canadian Gold maple leaf and Canadian Silver maple leaf coins. Photo courtesy of rticknor/iStock/Getty Images

Canadian VC sees another quarter of $1 bln+ invested in Q3

Venture capital investment in Canadian technology companies continued at a robust pace in the first nine months of 2017, with $3.2 billion deployed to 377 financings, according to final data released by Thomson Reuters. In dollar terms, this represented a 26 percent increase from a year ago. Additionally, Q3 2017 marked the fourth consecutive quarter with more than $1 billion invested. A total of $1.16 billion went to 120 financings in this period, up 55 percent from the same time in 2016. Foreign investors have played a key role in 2017 market trends, with U.S venture capital firms accounting for 41 percent of all disbursements at the end of September.

231 Views

Ideal raises $3 mln from group including MaRS

Ideal, a Toronto-based company providing artificial intelligence solutions for recruiting, announced this week that it has raised $3 million in venture capital funding from a consortium of investors including MaRS Investment Accelerator Fund, with proceeds earmarked for supporting new and existing customers.

Upverter of Toronto acquired by Altium

Upverter, a Toronto-based company providing web-based electronic design tools for engineers, announced this week that it has been acquired by, Australia-based Altium. Financial terms were not disclosed, but Upverter had been a portfolio company of Version One Ventures since 2013, securing over $3 million.

Rx Drug Mart completes $10 mln growth-equity round from BDC, Persistence

Rx Drug Mart said this week that it received a $10 million minority equity investment from BDC Capital to support its growth strategy and acquisition of 27 former Rexall pharmacies in Alberta, British Columbia, the Northwest Territories, Ontario and Saskatchewan. Co-investors included healthcare-focused Persistence Capital Partners. PRESS RELEASE BDC completes $10 million equity investment in Rx Drug Mart […]

Canada digitalization and use of digital technologies concept with the Canadian flag on a computer key; Photo courtesy of NiroDesign/iStock/Getty Images
289 Views

Canadian VC reaches $2.1 bln in H1 2017, best first half since 2001

Venture capital investment in Canadian technology companies continued at a robust pace in the first half of 2017, with $2.1 billion invested in 237 financings, according to final data released by Thomson Reuters. In dollar terms, this was the most active first half since 2001, with Q2 2017 marking the third consecutive quarter in which disbursements exceeded $1 billion. H1 2017 deal volumes, however, were down by 27 percent year over year. The second quarter accounted for only 100 rounds, the fewest since Q3 2012. Canadian venture capital fundraising, while falling short of the record-setting levels of last year, nonetheless saw 13 funds raising $617 million in the first half.

Hand Clicking Private Equity Button; Photo courtesy of pichet_w/iStock/Getty Images

Canadian PE deal-making slows in first quarter, $3.2 bln invested

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.

Hand Watering Green Plant and Coins; Photo courtesy of weerapatkiatdumrong/iStock/Getty Images

Canadian VC flows hit $804 mln in Q1, second strongest in 16 years

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.

Photo of Thalmic Labs’ Myo gesture control armband courtesy of Thalmic Labs Inc 
© 2013 - 2016 Thalmic Labs Inc. ThalmicLabs™, the Thalmic logo, Thalmic™, and Myo™ are trademarks owned by Thalmic Labs Inc.

Canada’s VC market sees robust $2.5 bln invested YTD 2016

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.

Canadian coins
PHOTO: MARK BLINCH, REUTERS

Canadian PE deal values, volumes lag in 2016’s first nine months

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.

UK-based BBOXX receives funding from Montreal firm MKB

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.

VC investment reaches $1.5 bln, PE hits $3.1 bln in first half: CVCA

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 market in first half of 2016.

More dollars flow to fewer Canadian PE deals in 2016’s first half

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.