Investment in private equity deals for Canadian firms remained strong in the third quarter despite the ongoing impact of the credit crunch, new research shows. 
India, Republic of (Press Release) November 16, 2007 --
London, Thursday, November 15, 2007 -- ARANCA NEWSTRACK -- (www.aranca.com)
Investment in private equity deals for Canadian firms remained strong in the third quarter despite the ongoing impact of the credit crunch, new research shows.
According to figures from Canada's Venture Capital and Private Equity Association (CVCA), leveraged buyout companies invested C$3.3 billion in Canadian companies in 39 transactions during the period.
This compares with the figure of C$12.2 billion invested in 107 deals during the whole of 2006.
This year's total is set to swell further with the proposed buyout of telecommunications firm BCE, the parent company of Bell Canada, which, it is estimated, will stand at C$47.2 billion.
Rick Nathan, president of the CVCA and managing director of Kensington Capital Partners said: 'The third quarter data clearly shows that the buy-out sector in Canada remains strong, in spite of recent instability in the credit markets.
"On an annualised basis, the activity in Q3 would represent a new record year for Canadian buy-outs, exceeding the total investment levels and the number of reported transactions of last year's record pace."
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Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
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Investment in private equity deals for Canadian firms remained strong in the third quarter despite the ongoing impact of the credit crunch, new research shows.
According to figures from Canada's Venture Capital and Private Equity Association (CVCA), leveraged buyout companies invested C$3.3 billion in Canadian companies in 39 transactions during the period.
This compares with the figure of C$12.2 billion invested in 107 deals during the whole of 2006.
This year's total is set to swell further with the proposed buyout of telecommunications firm BCE, the parent company of Bell Canada, which, it is estimated, will stand at C$47.2 billion.
Rick Nathan, president of the CVCA and managing director of Kensington Capital Partners said: 'The third quarter data clearly shows that the buy-out sector in Canada remains strong, in spite of recent instability in the credit markets.
"On an annualised basis, the activity in Q3 would represent a new record year for Canadian buy-outs, exceeding the total investment levels and the number of reported transactions of last year's record pace."
==
About ARANCA
Aranca is an end-to-end provider of on-demand, investment, business and economic research, and valuation services to global clients. Our unique blend of market knowledge, flexible servicing models, quality assurance standards and offshore operations reward our clients with high quality, scalable, cost-effective research and valuation services. With client facing offices in San Francisco, New York, London, Brussels and Mumbai, Aranca uses a global client service model for maximizing client satisfaction. Our research is fully customized to the specific needs of our clients.
==
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate@aranca.com.
Tel: +91.22.4005 2219 / +91.22.6725 8115
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