Q1 2016

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Quarterly Trend
$ Millions Invested
# Deals
Quarterly Quebec PE Activity
60
$3,000
52
49
50
43
50
40
$2,500
$2,000
25
30
21
20
20
24
28
$1,500
29
$2,553
22
$1,000
$906
10
8
10
$40
$1,099
$1,451
$84
$154
$1,141
$1,917
$1,843
$900
$500
$1,729
$267
0
$-
Q1
Q2
2013
Q3
Q4
Q1
Q2
Q3
2014
Q4
Q1
Q2
2015
Q3
Q4
Q1
2016
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Activity by Province – Q1 2016
$ SHARE
# SHARE
AB
7%
SK/MB
2%
Atlantic
Canada
1%
BC
5%
ON
23%
BC
12%
QC
37%
QC
59%
ON
19%
AB
35%
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Top Quebec PE Sectors – Q1 2016
# DEALS
# SHARE
Automotive &
Transportation 6%
Industrial & Manufacturing
Real Estate 2%
Others 2%
14
Agri-Forestry
7
Consumer & Retail
7
Mining & Resources
Life Sciences 6%
Clean Tech
6%
6
ICT
Industrial &
Manufacturing
28%
5
Clean Tech
3
Automotive & Transportation
3
Life Sciences
3
Real Estate
1
Others
1
0
2
ICT 10%
Mining & Resources
12%
4
6
8
10
12
14
16
Consumer & Retail
14%
Agri-Forestry
14%
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Top Quebec PE Sectors – Q1 2016
$ MILLIONS
$ SHARE
Mining &
Resources 5%
Clean Tech
$800
Consumer & Retail
$94
Industrial & Manufacturing
$61
Mining & Resources
$58
Agri-Forestry
$54
ICT
$13
Automotive & Transportation
$11
Life Sciences
$3
Others
$3
Real Estate
$2
$-
Agri-Forestry 5%
ICT 1%
Automotive &
Transportation 1%
Industrial &
Manufacturing 6%
Consumer &
Retail 9%
Clean Tech 73%
$200
$400
$600
$800
$1,000
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Investments by Deal Type – Q1 2016
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2013
2014
2015
Q1 2016
2013
2014
Q1 2016
$ Millions
# Deals
Buyout
2015
Add-on
Growth
Debt
Infrastructure
Other
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Top 4 Quebec PE Deals – Q1 2016
Company
Province
Disclosed PE Firm(s)
$ Millions
Services Matrec/GFL
Environmental
Quebec
Highbridge Principal Strategies, Macquarie Infrastructure and Real Assets (MIRA), Hawthorn Equity
Partners
800
Triotech Amusement Inc
Quebec
Caisse de dépôt et placement du Québec, Fonds de solidarité
80
Canam Group Inc
Quebec
Fonds de solidarité
50
Osisko Gold Royalties Ltd.
Quebec
Investissement Québec
50
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Most Active Quebec Investors – Q1 2016
Private Independent Firms
PE Firms
# Total Deals
$ Millions*
Investissement Québec
25
69
Fonds de solidarité
13
159
Caisse de dépôt et placement du Québec
7
99
BDC Capital Inc.
6
5
Fondaction CSN
4
53
*Total deal values – includes all participating investors.
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Top Disclosed Quebec Exits – Q1 2016
Median ($ Millions, private funds)
PE Investors
Caisse de dépôt et placement du Québec
Novacap
Company
Buyer/PE Investor
$ Millions
CGI Group
Fibre Noire Internet
Inc.
Secondary Sale
Videotron
400
125
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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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