Exits in Canada: June 2016

Screenshot 2016-07-04 17.04.47

June was yet another ‘meh’ month for software acquisitions in Canada.  Highlights:

  • 8 deals announced (9 last month)
  • 2 of the deals had a disclosed value (Largest was $ 32.5M).
  • 3 of the companies were in Toronto, 2 in Montreal, the rest were distributed
  • None of the companies were VC-backed
  • 3 of the buyers were Canadian, 3 were from the US, and 1 each for Europe and Asia
  • 4 of the buyers were public
  • Median time to exit: 15 years (9 years for last months’ deals)
  • Shortest time to exit: 4 years
  • Longest time to exit: 25 years!
  • All of the buyers except one was strategic.

I will be doing a separate post on the IT exits so far this year in Canada. So far, it’s been a pretty underwhelming with some exceptions (Wind Mobile and Bitstrips).

As always, I report on these each month. If you’re interested in seeing the underlying data, I keep it here.