CANADIAN VENTURE CAPITAL & PRIVATE EQUITY REVIEW

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CANADIAN VENTURE CAPITAL & PRIVATE EQUITY REVIEW

Preliminary Results – Full Year 2015

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$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

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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

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$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 s

Ontario

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

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$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 s

Information 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

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$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

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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

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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

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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

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