Q-News Private Equity
February 2009Private Equity - January 2009
Posted in Private Equity
Eight companies reported receiving financing in January, totaling $76.3 million in new capital. This is a far cry from the 17 deals and $195 million of new capital announced in January of 2007 or even the 12 deals and $99 million reported in January of 2008. January’s numbers would have been even weaker had it not been for the $50 million raised by
Private Equity - December 2008
Posted in Private Equity
The year 2008 ended with reasonably good deal flow, with 12 Canadian companies receiving private capital as compared to the nine deals announced in December of 2007. Despite the increase in the number of transactions there was a considerable drop off in the amount of capital raised through the reported financings. The reported figures in this December’s financings added up to $35.8 million in funding, substantially lower than the $112 million in new capital announced in December of 2007. Eight of the companies that received funding this past December are based in
Private Equity - November 2008
Posted in Private Equity
November continued the string of down financing months with only eight financings being announced for a total of $72.2 million in new capital. As expected, this represents a material drop from the twelve transactions and $137.25 million in reported financing announced in November 2007. Five of the financings involved Ontario-based companies, a welcome change from dearth of
Private Equity - October 2008
Posted in Private Equity
There were 9 financings announced during October, a steep decline from the 15 deals announced during the same period last year. The disclosed financing amounts from the month’s 9 transactions add up to $53.1 million, also considerably lower than the $123.0 in new capital reported last October. The financings included five technology company investments and three in the cleantech sector. Despite the recent depreciation of the Canadian dollar there were only two instances of a Canadian company receiving funding from a
September 2008
Private Equity - September 2008
Posted in Private Equity
There were 14 financings reported in September totaling $230.5 million in new capital. The month’s figures did not differ significantly from the 18 deals and $234.5 million in financing reported last September. Although it’s obviously still way too early to tell how the technology sector will react, the seven private technology financings last month have to be seen as a pleasant surprise given the market turmoil and a non-existent IPO market.
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.
Private Equity - July 2008
Posted in Private Equity
There were 14 financings reported in July, the same number of deals as reported in July 2007. The reported figure of capital raised increased to $138 million, compared to $99 million in July 2007. July’s figures matched the strong numbers reported in June, which saw 16 transactions raising $143 million, as we continue to see a lot more activity this summer than we did earlier in the year. The bulk of the deal flow this month came out of
Private Equity - June 2008
Posted in Private Equity
When compared to data from a year ago, June 2008’s total of 16 transactions is double the 8 deals closed in June 2007, and the $143.4 million of capital raised through those transactions almost tripled last June’s totals. June saw 6
Private Equity - May 2008
Posted in Private Equity
In comparison to data from a year ago, May’s 16 transactions considerably outnumbered the eight deals announced in May of 2007. The reported figures indicate that the total amount of capital raised in May 2008 was $71.5 million, almost $23 million more than the $48.1 million disclosed in May of 2007. Ten of the May financings involved Ontario-based companies, which reportedly raised $31.8 million in capital.
April 2008
Private Equity - April 2008
Posted in Private Equity
When compared to data from a year ago, April 2008’s totals of 7 reported deals valued at $26 million is significantly lower than April 2007’s reported 15 closed deals valued at $110 million. Of the 7 Canadian companies that reported receiving financing in April, Quebec led the way with 3 reported deals, and 2 Ontario-based companies reported financing.
Out west, the British Columbia government launched a $90 million venture capital fund. The fund’s primary focus is to provide assistance for the province’s fledgling life science and technology companies.
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