Exits in Canada: September 2016

screenshot-2016-10-03-16-58-25

After a slow Summer, Canadian IT exits picked up last month with 10 deals closed.  Here are the highlights for the closed deals last month:

  • 10 deals closed (5 last month)
  • 3 of the deals had a disclosed value. The largest was SMART Technologies’ $55M USD sale to Foxconn Technology Group.
  • The companies were across Canada: 5 from Vancouver (and Victoria), 3 from Toronto.
  • 5 of the companies were VC-backed. Globalive Capital had 3 exits in the month
  • 5 buyers were Canadian, 3 were from the  US and 1 each from Taiwan and Australia.
  • 3 of the buyers were public (2 last month)
  • Median time to exit: 13 years (10.5 years for last months’ deals)
  • Shortest time to exit: 4 years
  • Longest time to exit: 29 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.

Posted