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2014 Quebec Private Equity Market Overview
www.cvca.ca
Deals By Quarter
$ Millions Invested
# Deals
2,500
30
26
25
21
21
20
18
1,907
2,000
1,808
1,500
1,141
15
881
1,000
10
500
5
-
0
Q1 2014
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Q2 2014
Q3 2014
Q4 2014
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Page | 2
Quebec Deal Breakdown
Québec Deal Breakdown
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# Deals
$ Millions
Less than $10M
39
109.1
$10-$100M
21
821.7
$100-500M
5
1,565.8
$500-1000M
1
874
$1B +
2
2,366.6
Undisclosed
18
-
Total
86
5,737.2
Page | 3
Top Quebec PE Sectors
# Share
# Deals
Others
40
Industrial & Manufacturing
16
Metals & Mining
Healthcare
/Life
Sciences
6%
7
Business Products & Services
5
Healthcare/Life Sciences
Metals &
Mining 13%
5
Internet Software & Services
Others
47%
2
0
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Business
Products &
Services
6%
Food &
Beverages
8%
11
Food & Beverages
Internet
Software &
Services
2%
5
10
15
20
25
30
35
40
45
Industrial &
Manufacturing
18%
Page | 4
Top Quebec PE Sectors
$ Share
Metals &
Mining
8%
Others
9%
Business
Products &
Services
3%
Industrial &
Manufacturing
34%
Food &
Beverages
9%
Healthcare
/Life
Sciences
15%
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Internet
Software &
Services
22%
Page | 5
Most Active Quebec PE Firms
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PE Firms
# Deals
$ Millions
(total deal values – includes all participating
investors)
Fonds de solidarité FTQ
46
2,352.59
Caisse de dépôt et placement du Québec
19
3,811.54
Investissement Québec
10
2,266.20
Fondaction CSN
9
801.48
Desjardins Venture Capital Inc.
6
516.50
Novacap Investments Inc.
6
297.80
Fonds régionaux de solidarité FTQ
3
29.83
Canada Pension Plan Investment Board (CPPIB)
2
485.99
Persistence Capital Partners
2
-
Swander Pace Capital
2
-
SIDEX Limited Partnership
2
7.375
Page | 6
Top 5 Quebec Disclosed PE Exits
Company
$ Millions
Amaya Gaming Group Inc.
PE Investors
GSO Capital Partners, BlackRock
1,266.60
McInnis Cement Inc.
1,100.00
Atrium Innovations Inc.
874.00
Agropur coopérative
470.00
WSP Global Inc.
400.00
www.cvca.ca
Beaudier, Investissement Québec, Caisse de dépôt et
placement du Québec
Permira, Caisse de dépôt et placement du Québec,
Fonds de solidarité
Caisse de dépôt et placement du Québec, National
Bank of Canada, Fonds de solidarité, Investissement
Québec, Desjardins Venture Capital, Fondaction
Canada Pension Plan Investment Board, Caisse de
dépôt et placement du Québec
Page | 7
2014 Quebec PE Fundraising
Median
$=
175M
$ raised
= 809M
# Funds = 5
www.cvca.ca
Page | 8
www.cvca.ca
1201 – 372 Bay Street. Toronto, Ontario, M5H 2W9, Canada
Tel. (416) 487-0519 |
Fax. (416) 487-5899 |
Web. www.cvca.ca