Exits in Canada: August 2016

Screenshot 2016-09-01 07.26.07

As expected given the time of year, August was a slow month for IT exits in Canada with 5 deals closed (3 last month). However, an additional 5 deals were announced in the month (but not closed yet) including BCE’s purchase of Q9 Networks for $ 491M USD. So, perhaps that’s a good sign as we all get back to work.

Here are the highlights for the closed deals last month:

  • 5 deals closed (3 last month)
  • 1 of the deals had a disclosed value ($ 13.2M).
  • The companies were across Canada: Halifax, Saint Lazare, Toronto, Edmonton and Vancouver
  • None of the companies were VC-backed (3rd month in a row for this)
  • 3 buyers were Canadian, 2 were from the  US
  • 2 of the buyers were public
  • Median time to exit: 10.5 years (19 years for last months’ deals)
  • Shortest time to exit: 6 years
  • Longest time to exit: 14 years
  • All of the buyers were strategic.

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