Q-News Current Issue
The Song Remains the Same
Posted in Mike's Commentary
As usual, August turned out to be a rather slow month, maybe a little more so this year as it seemed that many members of the investment community took a little extra time to recharge for what will certainly be a challenging final four months of the year.
It’s notable that one of our sector’s busiest firms, Wellington Financial, participated in a $20 million debt financing syndicate led by GMP Investment Management for Polaris Minerals Corporation. Polaris, a TSX-listed firm focused on the development of quarries and the production of construction aggregates in BC, is not the kind of firm that one would expect to see
It’s good to see....
How to Keep Your First Round of Funding from Being Your Last
Posted in Private Investor News
In the six months since I joined Q1 Capital, and in the seven years since I first focused my energies on vetting investment opportunities for angel investors, too many companies have come across my desk and into our boardroom who have unwittingly rendered themselves “unfundable.” Many of these companies have compelling technologies, domain knowledge and strong market opportunities, but all are invariably surprised by the notion that they can’t raise any more capital ...
Private Equity - August 2008
Posted in Private Equity
As the summer draws to a close, the activity in the Canadian private equity sector, or the lack thereof, implies that a lot of the street’s decision makers took a big part of August off to recharge their batteries. The deal flow itself wasn’t off significantly as the 13 reported financings almost equaled the 15 transactions reported during August of last year, but the decline in the amount of new capital injected into the market was significant. Aside from the $275 million investment in Osum Oil Sands Corp. by Warburg Pincus and Blackstone Capital Partners, the reported investment figures add up to only $67.7 million in new capital. This is considerably lower than the $191 million announced last August. There were two financings in the internet space and two in software. The fact that each of the software companies raised $7 million indicates that some of the entrepreneurs in this country still understand the real costs of growing a competitive business.
M&A News - August 2008
Posted in M&A News
M&A activity appears to be gaining a little bit of traction, although very little of it is coming out of the technology space. The only two tech deals this month were the US-led acquisitions of Q9 Networks and KnowledgeWhere. The other big news included the privatization of a well known Canadian brand and two large deals in the oil services space.
Cross Border Activity - August 2008
Posted in Cross Border Activity
The fact that the loonie is hovering around parity with the US dollar hasn’t stopped US players from investing in Canadian companies, as all of the notable Canada-US transactions last month involved money moving north across the border. The month’s activity, which included two financings and five buyouts, consisted of three technology deals.
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