Co-investment transactions have become a staple of today’s private equity landscape. A strong private equity market has helped fuel co-investment activity as co-investors look to increase their exposure on a reduced-fee basis and sponsors look to attract additional capital to access larger deals. In a PE Hub Canada feature article, Torys LLP Partners Guy Berman and Stefan Stauder, Counsel Jamie Becker and Senior Associate Sophie Courtois discuss the latest trends in the co-investment market with a focus on fee terms, dedicated co-investment vehicles, co-investment timing and stapling.
With competition for quality assets remaining strong in Canadian M&A markets, private equity funds face challenges in deploying unfunded capital and the volume of sponsor-to-sponsor deals continues to rise. In a PE Hub Canada feature article, Torys LLP Partners Guy Berman, Laurie Duke and Stefan Stauder and Associate Brett Saulnier note that sponsor-to-sponsor deals generally move more quickly and with more intensity than transactions involving a strategic buyer and/or seller. They discuss a few of the unique dynamics of these deals as well as several factors that are key to ensuring a smooth and successful process.