Exits in Canada: September 2016

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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.

Continue reading Exits in Canada: September 2016

Exits in Canada: August 2016

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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: Continue reading Exits in Canada: August 2016

Exits in Canada: July 2016

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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.

Continue reading Exits in Canada: July 2016

Exits in Canada: June 2016

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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.