Québec Private Equity Market Overview

Québec Private Equity Market Overview
First Nine Months of 2015
Deals by Quarter
$ Billions Invested
# Deals
45
40
40
35
30
30
27
25
22
21
20
15
10
10
23
23
24
20
8
5
0
Q1
Q2
Q3
2013
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Q4
Q1
Q2
Q3
2014
Q4
Q1
Q2
Q3
2015
2.00
1.80
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
1.9
1.8
1.7
1.5
1.1
0.9
0.08
0.5
0.04
Q1
0.2
0.2
Q2
Q3
2013
Q4
Q1
Q2
Q3
2014
Q4
Q1
Q2
Q3
2015
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Top Québec PE Sectors – First 3Q 2015
# Deals
# Share
ICT
18
Agri-Forestry
Financial
3%
14
Consumer & Retail
13
Industrial & Manufacturing
13
Mining & Resources
Automotive &
Transportation
7%
12
Business Products & Services
Business
Products &
Services
9%
8
Automotive & Transportation
7
Life Sciences
3
Financial
3
CleanTech
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2
ICT
19%
Agri-Forestry
15%
1
0
Oil & Gas,
Energy
1%
Mining &
Resources
13%
2
Oil & Gas, Energy
Life Sciences
3%
CleanTech
2%
4
6
8
10
12
14
16
18
20
Consumer & Retail
14%
Industrial &
Manufacturing
14%
Page | 3
Top Québec PE Sectors – First 3Q 2015
$ Share
$ Millions
Automotive & Transportation
Mining & Resources
666
Industrial & Manufacturing
605
ICT
60
Consumer & Retail
58
Agri-Forestry
Consumer
& Retail
2%
ICT
3%
54
Business Products & Services
29
CleanTech
27
Oil & Gas, Energy
17
Financial
2
Life Sciences
-
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Business Products & Services
1%
Agri-Forestry
2%
927
100
CleanTech
1%
Oil & Gas, Energy
1%
Automotive &
Transportation
38%
Industrial &
Manufacturing
25%
200
300
400
500
600
700
800
900 1,000
Mining & Resources
27%
Page | 4
Québec PE Deal Type – First 3Q 2015
# Deals
$ Millions
Buyout
Others
3
1.2
Infrastructure
Add-on
12
757
Growth
415
Debt
Buyout
13
53
Add-on
4
Others
2
-
Infrastructure
1
Growth
51
Debt
14
200
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400
600
800
1,000
1,200
1,400
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Most Active PE Investors in Québec
PE Firms
Fonds de solidarité FTQ
Investissement Québec
Fondaction CSN
Desjardins Venture Capital Inc.
Caisse de dépôt et placement du Québec
BDC Capital Inc.
SIDEX Limited Partnership
Banyan Capital Partners
GI Partners
TPG Capital LP
Carpedia Capital Ltd.
# Deals
35
35
9
8
7
5
2
2
2
2
2
$ Millions*
1,304
586
267
271
461
54
31
-
*Total deal values – includes all participating investors.
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Top 5 Disclosed Québec PE Deals
Company
PE Firm(s)
1. Niobec Inc.
CEF Holdings, Temasek Holdings
597
2. IPL Inc.
Caisse de dépôt et placement, Fonds de solidarité, Investissement Québec
280
3. Congébec Logistique Inc.
Desjardins, Fondaction, Investissement Québec
162
4. WSP Global Inc.
Caisse de dépôt et placement, CPPIB
144
5. ATIS Group Inc.
Fonds de solidarité, Desjardins, Fondaction
80
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$ Millions
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Top 4 Disclosed Québec PE Exits – First 3Q 2015
Selling or backing PEs
Caisse de dépôt et placement du Québec
Company
Quebecor Media Inc.
Buyer
Quebec Inc.
$ Millions
500
IK Investment Partners
Lucas Meyer Cosmetics
Canada Inc.
International Flavors &
Fragrances
402
NOVACAP, Telesystem
Stingray Digital Group Inc.
IPO
296
Birch Hill Equity Partners
GDI Integrated Facility
Services Inc.
Reverse Take-Over
277*
*Deemed valuation including cash payment to Birch Hill.
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Page | 8
CVCA Methodology
•
Dataset includes only completed private equity deals for consistency and
quarter-to-quarter / year-to-year comparison.
•
Announced but yet to be completed deals are not included.
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Page | 10