Home Featured


In the coming weeks, we'll see the wrap-up of Louisiana-Pacific’s buy of Ainsworth Lumber (TSX: ANS), a Vancouver-based manufacturer of homebuilding products. Announced in Sept. 2013, the US$1.1 billion acquisition will once closed be the largest private equity exit from a Canadian-based company in nearly a year. That’ll be a feather in the cap for the PE team at Toronto-based alternative asset manager Brookfield Asset Management (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA), as Brookfield Capital Partners II is Ainsworth's majority owner. As it turns out, the deal was only one of a number of headline-grabbing events that characterized Brookfield’s market activity in 2013.
J.C. Flowers & Co., the once powerful financial services-focused PE firm, has lost another executive.
Canadian law firm Osler, Hoskin & Harcourt LLP this week published its 2014 Capital Markets Report. It paints a picture of mixed activity in Canadian capital markets in 2013 – a situation that has created new pockets of opportunity for PE and venture capital fund investors.
Torys LLP this week published its always much-anticipated M&A Top Trends 2014. The report contains numerous implications for private equity activity in the year upcoming. To read all about the top 10 trends that will influence M&A activity in coming months, please visit www.torystrends.com.
After 22 years with ORIX USA, including 10 as CEO, Jim Thompson has launched his own firm, Preston Hollow.
Canadian private equity firm Clairvest Group (TSX: CVG) expects to launch its fifth partnership, Clairvest Equity Partners V (CEP V) in 2014, peHUB Canada has learned. The firm did not disclose other details concerning the fund, including its anticipated target size. Clairvest's current fund, CEP IV, has been drawn down 60 percent and 70 percent allocated, the firm reported. CEP IV, which invests in North American mid-market companies in a range of industries, was closed at $467 million in Jan. 2011.
LPs are choosing to cut bigger checks to fewer managers, creating an environment where certain funds have enjoyed amazingly strong and fast marketing periods. Here is a list of the hot funds of 2013.
Veronis Suhler Stevenson, which has transformed itself, is expected to begin marketing for its next structured capital fund.
Callisto Capital, a mid-market private equity firm with headquarters in Toronto, is currently preparing for the imminent first close of its $300 million Callisto Capital Fund IV. Torys' Michael Akkawi and Sophia Tolias recently spoke with Callisto managing partner Lawrence Stevenson about the firm's fund-raising activity and deal initiatives.
Having recently completed two major portfolio exits, Novacap Technologies will soon announce the first close of its fourth private equity partnership, Novacap TMT IV LP, at well over $250 million, peHUB Canada has exclusively learned.

Copyright PEI Media

Not for publication, email or dissemination