PE & VC deal value reaching record levels in Canada
December 09, 2015
PitchBook’s 2H 2015 Canada Breakdown analyzes private equity and venture capital activity across the country, offering insight into trends in deal size, exits, fundraising and more. Additional highlights include deal volume and capital invested by year for both PE and VC, along with a Q&A with Mario Nigro, an industry professional from Toronto-based Stikeman Elliott. For a quick look at the report, check out the video above, which explores a few key highlights. For instance:
Through 3Q, 238 PE transactions worth C$37.3 billion have been completed in 2015. Compared to the same period in 2014, this translates into a slight 2% drop in completed deal counts, but a bump in total value.
The 61 venture deals completed last quarter were 66% of the amount from 2Q and 51% of the number that were completed in 1Q.
B2B continues to lead in terms of both PE deal count and capital invested. On the VC side, the software industry continues to blossom, accounting for 43% of all 2015 activity through 3Q.
Exit activity has been quite strong, with PE firms completing 62 sales in 2015 through the end of September for C$22.3 billion; venture sellers have accounted for over 100 liquidity events since the start of 2014, with this year on pace to eclipse last year's totals.