In the world of technology, companies are increasingly moving beyond growing organically and using acquisitions to enlarge their business operations. Guest columnist Jacoline Loewen , a director at Crosbie & Co. Inc., shares her perspective on the benefits and challenges of M&A.
4 min read · 09 September 2013
Brookfield Asset Management is nearing the final close of its second infrastructure fund and is set to hit its hard cap of $7 billion, according to three sources, making it one of the biggest private infrastructure funds ever raised.
2 min read · 09 September 2013
In the second quarter of 2013, deal activity in the Canadian buyout and related private equity (PE) market continued to moderate relative to activity last year. Control-stake acquisitions, minority investments and other PE transactions (announced and completed) totaled 72 in this period, down 27% year over year. To date in 2013, a total of 142 deals have been done, which is 24% below the number reported in the first half of 2012.
7 min read · 06 September 2013
Deal-making in Canada’s venture capital (VC) market moderated slightly in dollar terms in the second quarter of 2013, but showed net growth at the end of the year’s first half. Dollars invested by VC funds totaled $485 million in Q2 2013, down 3% from the $500 million invested at the same time in 2012. The number of VC financing rounds involving Canadian innovative companies fell 23% year over year, with 110 deals reported this time around.
7 min read · 06 September 2013
Calgary-based energy company Enbridge contributed US$8 million of an US$12 million round of financing into Smart Pipe Company, Inc., a Texas-based company providing solutions for the replacement of aging pipelines, Smart Pipe said this week.
4 min read · 06 September 2013
Brookfield Infrastructure announced this week that it has invested an additional $490 million in Arteris S.A., a Brazilian operator of toll roads. Brookfield had first invested in the company in August 2012, and, with this investment, increases its ownership in Arteris to 31%.
2 min read · 06 September 2013
Carlyle Group LP and Hellman & Friedman LLC are among the private equity firms competing for One Call Care Management Inc, a medical cost containment services company that is on the block for more than $1.5 billion, according to four people familiar with the matter, sister news service Reuters reported.
2 min read · 06 September 2013
Foundation Capital said Friday that it has named Jonathan Ehrlich as a partner. Previously, Ehrlich was the director of marketing at Facebook. Based in Menlo Park, Calif., Foundation Capital is a venture capital firm that focuses on early-stage consumer, mobile and small business startups. Update: Prior to his career at Facebook, Ehrlich, a Canada native, was the executive vice president, online, at Indigo Books & Music. Ehrlich was also previously an entrepreneur in residence at Canadian venture capital firm JLA Ventures (now Relay Ventures.)
3 min read · 06 September 2013
Private equity firm KKR & Co LP has agreed to buy car and property claims software company Mitchell International Inc from Los-Angeles based buyout firm Aurora Capital Group, the firms said earlier this month.
2 min read · 06 September 2013
Covenant-lite loans have returned with gusto this year.
2 min read · 06 September 2013
