Greg Beaman
Canadian private equity deal-making declined for a second year in a row in 2016, with 303 deals (announced and closed) capturing $18 billion in total disclosed values, according to final data released by Thomson Reuters. Deal values were reduced by 19 percent from 2015, while volumes fell by 28 percent. Oil and gas and manufacturing industries accounted for most of the dollar flows last year, securing $5.2 billion and $3.7 billion, respectively. At the same time, Canadian buyout, private equity, infrastructure and other funds raised a substantial $45.4 billion in 2016, much of which went to funds managed by Brookfield Asset Management.
Canadian royalty financing firm Grenville Strategic Royalty Corp has led a $250,000 royalty investment in eSCRIBE, a North American provider of secure cloud-based paperless board meeting software solutions. Grenville funded $125,000 of the investment and has partnered with Foregrowth Holdco Inc and Darwin Strategic Royalty Corp, both of which will fund $62,500. Founded in 2003 […]