Canada's PE activity sluggish in Q1 with $1.9 bln invested: CVCA

Private equity investors disbursed $1.9 billion to 130 deals in Canada in the first quarter of 2019, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). CVCA said investments levels in Q1 2019 were 72 percent lower as compared to the same time last year. CEO Kim Furlong said CVCA members see their PE deal opportunities being impacted by the current high valuation environment. A fifth of all deals in Q1 2019 were closed in the information and communication technology sector, which also took almost half of the total invested. The industrial and manufacturing and consumer and retail sectors together captured 29 percent of all dollars.

CanadaNorth AmericaBriefs