Exits in Canada: July 2016

Screenshot 2016-08-02 09.56.50

I expected a Summer slow down, but July was pretty darn underwhelming with just 3 software acquisitions in Canada.  Highlights:

  • 3 deals announced (8 last month)
  • 1 of the deals had a disclosed value ($ 4.1M).
  • The companies were in Burlington, Montreal and Quebec City
  • None of the companies were VC-backed (2nd month in a row for this)
  • 1 buyer was Canadian, 1 US, and 1 from Europe
  • None of the buyers were public
  • Median time to exit: 19 years (15 years for last months’ deals)
  • Shortest time to exit: 10 years
  • Longest time to exit: 26 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.