PE firms have sold or taken public 172 Canada-based companies since the beginning of 2007, according to the PitchBook Platform. 2013, which may well hit a seven-year high for exits, has already seen more private equity exits than all of last year. 2012 was the first year going back to 2008 that saw a drop in overall PE exits.
Broken down by exit type, corporate acquisitions have accounted for about two-thirds of the exits in the timeframe, with secondary buyouts at 25%. Secondary buyouts have been a much more popular exit route over the last few years—2011, 2012 and YTD 2013 have each more than doubled the pace of secondary buyouts from 2007 to 2010. By industry, B2B accounted for 32% of the exit activity in the timeframe. 25% of the exits were in the B2C space, and another 19% came from the energy industry.