Torys LLP's Sophia Tolias, Stefan Stauder and Laurie Duke argue that the structure of Canadian private equity deals has changed due to the influence of 2014's seller's market. In the third of a series of peHUB Canada articles, they note that indemnity terms and the growing use of representations and warranties insurance are just two important examples of this trend.
I find it strange TPG Capital’s bridge fund was not drawn. TPG last year raised TPG Strategic Partnership Interim Fund designed only for the most intimate of TPG investors. The firm raised $2 billion from, as I understand it, three LPs – the state pensions of Oregon and Washington State and a sovereign wealth fund. […]
Torys LLP partners Neville Jugnauth, Derek Flaman and Matthew Cockburn believe that the scope of private equity investment in Canada was widened in 2014 to include some areas of new or intensified interest, such as natural resources. In the second of a series of peHUB Canada articles, they argue that this broader market focus, and alternative strategies for doing new deals, will continue in 2015.
What's in store for Canadian private equity in 2015? Torys LLP recently released its annual Private Equity in Focus, which looks at how M&A activity involving PE in 2014 has set the stage for this year’s transactions. In the first of a series of peHUB Canada articles, Michael Akkawi, Guy Berman and Sophia Tolias discuss how recent shifts in market dynamics have shaped current opportunities.
Co-investment opportunities have lately gained in popularity among institutional investors and other limited partners with increased leverage in private equity funds. As it happens, co-investments have also proved appealing to many PE fund sponsors. Torys LLP believes there is every reason to expect this trend to accelerate in 2015.
Two things happened shortly before we went to press with this issue in mid-January that seemed almost symbolic of some larger truth.
Torys LLP has released its much-anticipated M&A Top Trends 2015 report. Of course, the state of mergers and acquisitions is always of importance to private equity and venture capital investors, especially now that dealmaking in Canada is on the upswing. For this reason, Torys has identified some key report findings that will be of particular interest to them.
In my perch observing the industry from as close inside as possible, I don’t always take a look outside to see the effects on the places and people where private equity makes its investments.
In Second Opinion, the FBI is investigating whether companies are engaged in revenge hacking, 10 of the best startups that made an impact in 2014 and the wreckage of AirAsia Flight QZ8501 has been found.
Despite the perils of forecasting what the future may hold for Canadian private equity and venture capital firms, it is perhaps now more important than ever to do so, writes Richard Rémillard in an exclusive article for peHUB Canada. His advice for those professionals who are now thinking about what 2015 may hold: Be prepared!