Canada celebrates 2015 deals

Canada's investment deals in 2015 surged to $1.7bn across 536 transactions.

The Canadian Venture Capital and Private Equity Association (CVCA) has produced a report on deals in the country in 2015, revealing a total of C$2.3bn ($1.7bn) was invested in Canadian companies in the year.

A total of 536 deals were conducted during the twelve months. That number does not include any non-equity government funding as this was outside the scope of the report.

BDC Capital, the investment arm of the Business Development Bank of Canada, topped the government funding chart with C$453m committed across 75 deals.

Investissement Québec, the investment company created by the National Assembly of Quebec, took second place with C$112m invested over 30 deals.

Ontario meanwhile drew in the most investments with C$939m across 206 deals. This was followed by Quebec with C$693m over 168 deals.

The number of deals across the country was up 24% on 2014 while the total investment amount increased by 12%.

As in 2014, investments in information, communication and technology companies drew in the most investment, taking in almost 60% of the total investments for the year at C$1.38bn. However, investments in the cleantech sector dropped from C$177m to C$135m.

Investors also counted 42 exits with a total valuation of C$4.4bn last year, a more than threefold increase over 2014’s transaction value of C$1.46bn.

Mike Woollatt, chief executive of the CVCA, said: “Venture capital investment is going through a much needed resurgence in Canada. The future looks brighter as exits climbed through 2015 and fundraising numbers were strong, thanks in large part to government activity on the fund of funds side.”

See more from this Government Report: Canada


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