CANADIAN VENTURE CAPITAL & PRIVATE EQUITY REVIEW
Preliminary Results – Full Year 2015
$1,430
$991
$1,201
$1,526
$1,583
$1,932
$2,366
$2,510
0
100
200
300
400
500
600
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2008
2009
2010
2011
2012
2013
2014
2015
$ VC Invested
# Deals
Am
ount
Inv
es
ted
(C
AD
$
M
illions
)
#
of
D
eals
Venture Capital Investment in Canadian Companies
$2.5 Billion in Full Year 2015 - Best Year Since 2002
Rank
Company Name
Location
Deal
Value
(C$ Mil)
Industry
Investor Participants
(Disclosed)
1 Lightspeed Retail Montreal, QC $79.5 Retail Software
Caisse de dépôt et placement du Québec, Investissement Québec, Accel Partners, iNovia Capital
2 KIK Interactive Waterloo, ON $65.3 Mobile Messaging Tencent Holdings
3 Aeryon Labs Waterloo, ON $60.0 Aerospace Summit Partners
4 Real Matters Markham, ON $60.0 Financial Software Whitecap Venture Partners
5 Ethoca Solutions Toronto, ON $58.3 Fraud Detection Spectrum Equity
6 Resverlogix Calgary, AB $50.0 Pharmaceuticals Shenzhen Hepalink
Pharmaceutical, Eastern Capital
7 Enerkem Montreal, QC $50.0 Biofuels Undisclosed Venture Investors
8 Diablo Technologies Ottawa, ON $43.8 Semiconductors Undisclosed Venture Investors
9 Benevity Calgary, AB $38.0 Software JMI Equity
10 Telesta Therapeutics Belleville, ON $37.5 Pharmaceuticals Consonance Capital , Tavistock
Life Sciences, Omega Funds
Top Disclosed Canadian Venture Capital Deals
Full Year 2015
$1.53
$1.58
$1.93
$2.37
$2.51
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
2011
2012
2013
2014
2015
T h o u sa n d sOntario
Quebec
British Columbia
Alberta
Rest of Canada
Amount
I
nv
es
ted
(CAD Bill
ions
)
Venture Capital Investment in Canadian Companies
Ontario’s VC Share Soars to 49% - Up From 39% Last Year
$1.53
$1.58
$1.93
$2.37
$2.51
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
2011
2012
2013
2014
2015
T h o u sa n d sInformation Technology
Life Sciences
Cleantech
Traditional
Amount
I
nv
es
ted
(CAD Bill
ions
)
Venture Capital Investment in Canadian Companies
Information Technology Takes 61%, Holding Steady from 2014
$15.7
$5.4
$6.6
$12.0
$11.7
$10.3
$31.0
$20.1
0
50
100
150
200
250
300
350
400
450
500
$0
$5
$10
$15
$20
$25
$30
$35
2008
2009
2010
2011
2012
2013
2014
2015
Total Deal Values
# Deals
Am
ount
Inv
es
ted
(C
AD
$
Billions
)
#
of
D
eals
Private Equity Buyout Investment in Canadian Companies
$20.1 Billion in Full Year 2015 - Second Best Year Since 2007
Rank
Company Name
Location
Deal
Value
(C$ Mil)
Industry
Investor Participants
(Disclosed)
1 Heritage Royalty Calgary, AB $3,330 Oil & Gas Ontario Teachers’ Pension Plan
2 KIK Custom Products Toronto, ON $2,112 Consumer Products Centerbridge Partners 3 Bombardier
Transportation Investment Montreal, QC $1,993 Manufacturing CDP Capital 4 Brookfield Residential
Properties Calgary, AB $1,113 Real Estate Brookfield Asset Management
5 GFL Environmental Vaughan, ON $800 Environmental
Highbridge Principal Strategies, Hawthorn Equity
Partners
6 Norbord Toronto, ON $763 Manufacturing Brookfield Asset Management 7 Veresen Midstream Calgary, AB $760 Oil & Gas Kohlberg Kravis Roberts & Co 8 IAMGOLD Corporation -
Niobec Mine Saguenay, QC $657 Mining Magris Resources 9 Ember Resources Calgary, AB $605 Oil & Gas Brookfield Asset Management 10 BayBridge Seniors
Housing Toronto, ON $578 Real Estate Teachers’ Private Capital
Top Disclosed Canadian Buyout & Other PE Deals
Rank
Company Name
Location
Deal
Value
(C$ Bil)
Industry
Canadian Investors
(Disclosed)
1 Cableision Systems Bethpage, NY $23.5 Cable Service
Providers CPPIB 2 Antares Capital Fairfield, CT $15.8 Finance CPPIB
3 PetSmart Phoenix, AZ $11.1 Retail La Caisse de dépôt et placement du Québec
4 Fortum, Swedish Electricity
Distribution Business Espoo, Finland $8.9 Infrastructure Borealis Infrastructure 5 Homeplus Seoul, South Korea $8.1 Retail CPPIB, PSP Investments 6 Informatica Redwood, CA $6.9 Information Technology CPPIB
7 Petco Animal Supplies San Diego, CA $6.1 Retail CPPIB
8 SIG Combibloc Group Neuhausen,
Switzerland $6.0 Manufacturing Onex Corporation
8 TDF France Montrouge, France $5.6 Telecommunications Brookfield Infrastructure, PSP Investments
9 O2 Berkshire, United
Kingdom $5.2 Telecommunications
CPPIB, La Caisse de dépôt et placement du Québec
10 Canary Wharf Group London, United
Kingdom $4.7 Infrastructure Brookfield Property Partners
Canadian Buyout Investment in Non-Canadian Companies
Full Year 2015
Explanatory Notes
1. All current and previous years data is as of Tuesday, January 20th, 2016. Data collection was still in process at this time and
preliminary full year quarter 2015 figures can be expected to increase slightly prior to final publication.
2. For our complete Q3 2015 venture capital report, please visit us here:
http://dmi.thomsonreuters.com/Content/Files/Canada%20VC%20Overview%20Q3%202015.pdf
3. For our complete Q3 2015 private equity buyout report, please visit us here:
http://dmi.thomsonreuters.com/Content/Files/Canada%20Buyout%20Overview%20Q3%202015.pdf
4. All data is continuously updated and is therefore subject to change.
5. All figures are in Canadian dollars unless otherwise noted.
6. For further information on Thomson Reuters venture capital and private equity offerings, please visit us at:
http://thomsonreuters.com/en/products-services/financial/venture-capital-and-private-equity/private-equity-venture-capital.html
7. If you would like to participate in the submission process, receive quarterly press releases, or have questions about our
venture capital criteria, please contact us at: Gavin Penny
E-mail: gavin.penny@thomsonreuters.com
