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'It's a very fragmented market in both the US and the UK to the extent that if you have the proper platform and management team, there are a lot of M&A opportunities,' Burr says.
Deal values in Canada’s buyout and private equity (PE) market slowed in the first three months of 2019 following a record-breaking 2018, according to final data released by Refinitiv. PE investing reflected values of $4.9 billion in Q1 2019, down 50 percent from Q1 2018, and marking the slowest first quarter in dollar terms in five years. Transaction volumes, however, were up 8 percent year over year. Oil and gas companies captured the largest share of dollar flows between January and March, at 39 percent. In the global market, Canadian investors joined 45 transactions valued at $32 billion in Q1 2019, the largest first-quarter amount on record.
GLP said Dec. 22 that its latest logistics real estate fund, GLP Japan Development Partners III, is expected to raise 625 billion Japanese yen (US$5.6 billion). Canada Pension Plan Investment Board will be the lead investor of GLP JDP III. The fund is a follow-on venture to GLP Japan Development Venture I and II, GLP’s first two Japan development vehicles in partnership with CPPIB. GLP, of Tokyo, provides modern logistics facilities.
La Caisse de dépôt et placement du Québec said Dec. 21 that it acquired a minority of Grupo SURA's subsidiary Sura Asset Management for US$247 million. The sellers are Bancolombia and Grupo Wiese. Sura Asset Management provides financial services to nearly 20 million clients in Mexico, Colombia, Peru, Chile, El Salvador and Uruguay.
Descartes Systems Group acquired PinPoint, the Toronto provider of GPS fleet-tracking and mobile-workforce-management solutions, for $15 million of cash and shares. Descartes is the Waterloo, Ontario, provider of software-as-a-service solutions focused on streamlining logistics-intensive businesses. This purchase will add scale and domain expertise to Descartes’s telematics and mobile solutions, Descartes CEO Edward J. Ryan said in […]
Deal-making in Canada's buyout and private equity market continued to grow at a strong pace in the third quarter of 2017, according to final data released by Thomson Reuters. Additionally, at the end of September, 261 deals took $23.8 billion in disclosed values, up 73 percent year over year, which is the highest nine-month level on record. Deal volumes increased at a more moderate 8 percent from the same time last year, pointing to the key influence of large-cap transactions. Canadian investors were active in 88 global deals in the first nine months of 2017, up 7 percent from the same time in 2016, though disclosed values for these fell 32 percent.
Canada's buyout and related private equity market showed robust growth in the first half of 2017, with 184 deals capturing $14.6 billion in disclosed values, up 55 percent from H1 2016, according to final data released by Thomson Reuters. As a result, the domestic market saw its most active first half in dollar terms on record. Deal volumes also increased 10 percent in H1 2017, relative to a year ago. Activity was led by Vista Equity Partner’s $4.8 billion buy of DH Corp, the largest Canadian private equity deal in three years. Canadian investors were active in 65 international deals in H1 2017, up 35 percent year over year, though values for these fell 7 percent.
Canadian private equity deal-making declined for a second year in a row in 2016, with 303 deals (announced and closed) capturing $18 billion in total disclosed values, according to final data released by Thomson Reuters. Deal values were reduced by 19 percent from 2015, while volumes fell by 28 percent. Oil and gas and manufacturing industries accounted for most of the dollar flows last year, securing $5.2 billion and $3.7 billion, respectively. At the same time, Canadian buyout, private equity, infrastructure and other funds raised a substantial $45.4 billion in 2016, much of which went to funds managed by Brookfield Asset Management.
Canadian royalty financing firm Grenville Strategic Royalty Corp has led a $250,000 royalty investment in eSCRIBE, a North American provider of secure cloud-based paperless board meeting software solutions. Grenville funded $125,000 of the investment and has partnered with Foregrowth Holdco Inc and Darwin Strategic Royalty Corp, both of which will fund $62,500. Founded in 2003 […]
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