Increases in U.S. production, coupled with increased costs and regulatory uncertainty in Canada, have contributed to a general investment decline in the domestic oil and gas sector since the highs of 2014. At the same time, new investment in Canada’s clean energy sector has been relatively stable. In a PE Hub Canada feature article, Torys LLP Partners Stephanie Stimpson and Michael Pedlow and Associate Andrew Cooley look at a range of consolidation and opportunistic M&A energy deals done in Canada in recent months and share their thoughts about what these transactions can tell us about emerging, cross-sector trends.
For the past nine years, we’ve been keeping a wary eye out for signs of the peak and potential turns in the cycle. Forget the tumbling public markets and spiking yields on long-dated bonds. I think I found the ultimate sign of the end. San Bernardino County Employees’ Retirement System, a $9.97 billion pension system, […]
With competition for quality assets remaining strong in Canadian M&A markets, private equity funds face challenges in deploying unfunded capital and the volume of sponsor-to-sponsor deals continues to rise. In a PE Hub Canada feature article, Torys LLP Partners Guy Berman, Laurie Duke and Stefan Stauder and Associate Brett Saulnier note that sponsor-to-sponsor deals generally move more quickly and with more intensity than transactions involving a strategic buyer and/or seller. They discuss a few of the unique dynamics of these deals as well as several factors that are key to ensuring a smooth and successful process.
There’s no question that it’s a sellers’ market. With unprecedented levels of dry powder and debt available for investment, sellers are not only able to garner high valuations, they are also more carefully reviewing management incentives being put forth by potential private equity buyers. PE firms need to ensure they are incentivizing management teams correctly for a number of reasons. In a PE Hub Canada feature article, Lynne Lacoursière, a partner at Osler, Hoskin & Harcourt LLP, spells out those reasons and discusses the steps PE firms should take to settle compensation as part of a successful transaction.
NEA to spin out startup investments from older funds; HGGC, GA merge portfolio cos to fight Amazon effect; Hicks Family office PE arm raises funds for food and beverage
Florida SBA shops big portfolio, Public pension makes a bet on Venezuela
Kainos to exit SlimFast in $350 mln sale; Butterfly Equity operating partner named as potential bidder in Campbell Soup divestiture; Why SPACs are in vogue with investors
By Lisa Peterson, Akin Gump Fund sponsors see co-investment opportunities as a way to mitigate fundraising challenges, recruit strategic partners and develop strong relationships. Some sophisticated fund investors, including institutions, family offices and high-net-worth individuals, leverage co-investments to increase exposure to high-quality managers, with an improved risk/return profile and more diversification, at a lower cost. […]
Court Square to make 6.5x on $2 bln Rocket Software sale; TA preps PhysIOL for a sale; TPG eyes disruptive opportunities in education, healthcare and dying malls
Increasing emphasis on deal origination as a core competency in private equity translated into better deal-sourcing results, per Sutton Place Strategies’ 2018 Deal Origination Benchmark Report analysis. The DOBR is an annual report that compares the market coverage of a PE firm – the percentage of relevant, completed PE transactions with a sell-side adviser that […]