VC & PE QUÉBEC MARKET OVERVIEW // 2016 · 2017-06-09 · vc & pe quÉbec market overview // 2016 note: this is the first year that the rÉseau capital is partnering with cvca to

VC & PE QUÉBEC MARKET OVERVIEW

// 2016NOTE: THIS IS THE FIRST YEAR THAT THE RÉSEAU CAPITAL IS PARTNERING WITH CVCA

TO PRODUCE VC AND PE STATISTICS FOR QUÉBEC. THUS, DATA COMPARISONS AGAINST PREVIOUS YEARS MAY NOT BE CONSISTENT WITH RÉSEAU CAPITAL’S HISTORICAL REPORTS.

VENTURE CAPITAL & PRIVATE EQUITY QUÉBEC MARKET OVERVIEW // 2016 | 2

CONTENTS

FOREWORD ...................................................................................................................................... 3 VC & PE ACTIVITY .................................................................................................................................................................... 4 # VC & PE DEALS BY ADMINISTRATIVE CENTRE ........................................................................................... 5

VENTURE CAPITAL QUÉBEC MARKET OVERVIEW .........................................................6 QUÉBEC VENTURE CAPITAL HIGHLIGHTS ......................................................................................................... 7

VENTURE CAPITAL HEAT MAP ..................................................................................................................................... 8 QUARTER-OVER-QUARTER VC INVESTMENT IN QUÉBEC ................................................................... 9 VC ACTIVITY BY DEAL SIZE ........................................................................................................................................... 10 VC SECTOR BREAKDOWN ............................................................................................................................................... 11 VC STAGE BREAKDOWN ................................................................................................................................................. 12 TOP 10 QUÉBEC VC DEALS ............................................................................................................................................ 13 TOP VC EXITS ............................................................................................................................................................................ 14MOST ACTIVE FIRMS IN QUÉBEC ............................................................................................................................. 15

PRIVATE EQUITY QUÉBEC MARKET OVERVIEW ........................................................... 16 PRIVATE EQUITY HIGHLIGHTS .................................................................................................................................... 17

PRIVATE EQUITY HEAT MAP ......................................................................................................................................... 18 QUARTER-OVER-QUARTER PE INVESTMENT IN QUÉBEC .................................................................. 19 PE ACTIVITY BY DEAL SIZE ........................................................................................................................................... 20 PE SECTOR BREAKDOWN .............................................................................................................................................. 21 TOP 10 QUÉBEC PE DEALS ............................................................................................................................................ 22 TOP DISCLOSED QUÉBEC PE EXITS ....................................................................................................................... 23MOST ACTIVE PE INVESTORS IN QUÉBEC ........................................................................................................ 24 CVCA METHODOLOGY .............................................................................................................. 25 VENTURE CAPITAL ............................................................................................................................................................... 25 PRIVATE EQUITY ............................................................................................................................................................ 26, 27

CVCA/RÉSEAU CAPITAL ABOUT & CONTACT .............................................................. 28


FOREWORD

Québec sets new high-water marks for venture capital activity in 2016

The VC market in Québec was on fire in 2016. Just over a billion dollars in venture capital was invested in the province last year, including $250M dollars in Q4 alone.

In 2016, Québec was home to nearly one third (32 per cent) of Canada’s 530 venture capital transactions. Later-stage companies received the largest share of the province’s VC investments (57 per cent), while startups and early-stage growth companies captured 43 per cent of VC dollars. Montréal-based companies received a total of $835M over 119 investments, second only to Toronto.

“Venture capital is a good indicator of the level of trust in the economy,” says Réseau Capital CEO, Jack Chadirdjian. “The data from 2016 clearly shows that investors are interested in Québec companies.”

Over half of Québec investments ($501M across 90 deals) were disbursed to companies in the information and communications technology (ICT) sector. ICT was followed by life sciences, recording 38 investments totaling $313M.

On the private equity side, $3.8B was invested in buyouts and development capital (344 transactions). This represents 28 per cent of the year’s Canadian development capital. Nearly a third of the province’s investments, or $1.1B, went to clean technology companies. The major acquisition of Services Matrec Inc. for $800M was the largest deal in this sector.

Twelve mega deals exceeding $50M – totalling $2.3B – accounted for 61 per cent of all development capital investment in Quebec in 2016.

The largest exits include the sale of CGI Group Inc. shares, held by the Caisse de dépôt et placement du Québec, for $400M, and the sale of Fibre Noire Internet Inc. to Québecor by Novacap Investments Inc. for $125M.

“Data for 2016 confirms Québec is home to some of Canada’s most innovative technology companies, and investors are clearly taking note,” adds Chadirdjian. “This is a particularly exciting time for Québec’s private capital ecosystem.”

Province records a remarkable $1B in VC investments in 2016


VC & PE ACTIVITY // 2016

508 dealstotal #

344deals

164deals

$4.8btotalinvested

$3.8b

$1b

Venture Capital

Private Equity

Private Equity

Venture Capital


Laurentides

Outaouais

Nord-du-Québec /Abitibi-Témiscamingue

Laval

187

19

121

72

Montréal

102120

Montérégie

4616

Lanaudière

83

Mauricie

8

Estrie

173

Centre-du-Québec

161

Québec

3210Chaudière-Appalaches

13

Saguenay-Lac-St-Jean /Côte-Nord

331 Bas-Saint-Laurent

7

Gaspésie/Îles-de-la-Madeleine

6

# VC & PE DEALS BY ADMINISTRATIVE CENTRE // 2016

montréal

222 DEALSmost active region

total #

Private Equity

Venture Capital


VENTURE CAPITAL QUÉBEC MARKET OVERVIEW




QUÉBEC VENTURE CAPITAL HIGHLIGHTS // 2016

Key Findings:

Soaring to $1B, 2016 VC investment in Québec reached its highest level since CVCA started collecting data in 2013.

Québec captured a 31 per cent share (164) of all Canadian VC deals (530) and was a close second to Ontario.

There were five $50M+ deals totaling $429M, with the DalCor Pharmaceuticals $128M series B round in the top spot.

Half the $1B went to ICT (over 90 deals), followed by $313M in life sciences (over 38 deals), and $67M in agribusiness (over 12 deals).


164

200

71 226

29$431M

$68M

$90M $1b

$1.5bOntario

BCAlberta

ManitobaQuébec

Nova Scotia$64M

New Brunswick

Newfoundland& Labrador

$32M

$7M

$25MSaskatchewan

11

4

22

1Prince

Edward Island

$0.3M

$3.2btotal530 dealstotal #

VENTURE CAPITAL HEAT MAP // 2016


0

10

20

30

40

50

60

70

80

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1 Q3

$13

4

$8

5

$6

6 $30

$72

$16

8

$73

$6

1

$19

2

$22

7

$21

7

$13

6

$37

6

15

30

2118

28

27

34

22

3839

62

3329

55

$23

49

$26

5

Q4

$25

1

31

QUARTER-OVER-QUARTER VC INVESTMENT IN QUÉBEC

TOTAL:84 DEALS

$308M

TOTAL:111 DEALS

$344M

TOTAL:172 DEALS

$698M

TOTAL:164 DEALS

$1B

$ Millions Invested

# Deals

2013 2014 2015 2016

NOTE: THIS IS THE FIRST YEAR THAT THE RÉSEAU CAPITAL IS PARTNERING WITH CVCA TO PRODUCE VC AND PE STATISTICS FOR QUÉBEC. THUS, DATA COMPARISONS AGAINST PREVIOUS YEARS MAY NOT BE CONSISTENT WITH RÉSEAU CAPITAL’S HISTORICAL REPORTS.


Total Deals $ Millions

< $100K

$100 - $500K

$500K - $1M

$1M - $5M

$5M - $20M

$20M - $50M

$50M +

18

36

25

48

26

6

5

$1

$11

$19

$129

$249

$190

$429

VC ACTIVITY BY DEAL SIZE // 2016

propel 2016 vc investmentmega deals ($50M+)


ICT Life Sciences CleanTech Agri-Business Others

0

10

20

30

40

50

60

70

80

100

90

$0

$60

$120

$180

$240

$300

$360

$420

$480

$540

$600

2016201520142013 20142013 201320162015 20152014 201420132016 20162015 201520142013 2016

$11

9

$38

$18

8

$52

$31

8

$50

1

$31

3

$6

7

$8

6

$28

8

$48

$22

$29

$33

$6

1

$97

$6

2

$20

$30

$7

15

28

11111210

75

9

16

10

6

38

32

1911

90

86

64

51

VC SECTOR BREAKDOWN // 2013-2016 $ Millions Invested

# Deals

NOTE: THIS IS THE FIRST YEAR THAT THE RÉSEAU CAPITAL IS PARTNERING WITH CVCA TO PRODUCE VC AND PE STATISTICS FOR QUÉBEC. THUS, DATA COMPARISONS AGAINST

PREVIOUS YEARS MAY NOT BE CONSISTENT WITH RÉSEAU CAPITAL’S HISTORICAL REPORTS.


VC STAGE BREAKDOWN // 2013-2016

Seed Early Stage Later Stage Other

0

10

20

30

40

50

60

70

80

100

90

$0

$60

$120

$180

$240

$300

$360

$420

$480

$540

$600

2016201520142013 2016201520142013 2016201520142013 2016201520142013

$16

$10

8

$18

5

$41

$17

3

$12

9

$28

$35

8

$29

6

$39

$40

7

$58

3

29

36

47

35 31

48

73

97

22 27

49

32

2 04

0

$16

$ Millions Invested

# Deals

NOTE: THIS IS THE FIRST YEAR THAT THE RÉSEAU CAPITAL IS PARTNERING WITH CVCA TO PRODUCE VC AND PE STATISTICS FOR QUÉBEC. THUS, DATA COMPARISONS AGAINST

PREVIOUS YEARS MAY NOT BE CONSISTENT WITH RÉSEAU CAPITAL’S HISTORICAL REPORTS.


TOP 10 QUÉBEC VC DEALS // 2016

COMPANY NAME ADMIN. CENTRE SECTOR DISCLOSED INVESTORS $ MIL.

DALCOR PHARMACEUTICALS INC. MONTRÉAL LIFE SCIENCES CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC (CDPQ), CTI PARTNERS, FONDS DE SOLIDARITÉ FTQ, CDN PRIVATE INVESTORS $128

HOPPER INC. MONTRÉAL ICTACCOMPLICE, LLC, BDC CAPITAL INC., BRIGHTSPARK VENTURES, CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC (CDPQ), INVESTISSEMENT QUÉBEC, OMERS VENTURES MANAGEMENT INC.

$82

BLOCKSTREAM CORPORATION MONTRÉAL ICTAME CLOUD VENTURES, LLC, AXA STRATEGIC VENTURES, BLOCKCHAIN CAPITAL, LLC, DIGITAL GARAGE, INC, FUTURE/PERFECT VENTURES, HORIZONS VENTURES LIMITED, KHOSLA VENTURES, MV ADVISERS LLP, REAL VENTURES, SEVEN SEAS PARTNERS

$76

BREATHER PRODUCTS INC. MONTRÉAL ICT MENLO VENTURES, REAL VENTURES, RRE VENTURES, SLOW VENTURES, VALAR VENTURES MANAGEMENT LLC $53

MILESTONE PHARMACEUTIQUES INC. MONTRÉAL LIFE SCIENCES FONDS DE SOLIDARITÉ FTQ $30

UNDISCLOSED COMPANY MONTRÉAL ICT UNDISCLOSED INVESTORS UNDISCLOSED

UNDISCLOSED COMPANY QUÉBEC OTHERS UNDISCLOSED INVESTORS UNDISCLOSED

UNDISCLOSED COMPANY MONTÉRÉGIE LIFE SCIENCES UNDISCLOSED INVESTORS UNDISCLOSED

UNDISCLOSED COMPANY MONTRÉAL AGRIBUSINESS UNDISCLOSED INVESTORS UNDISCLOSED

UNDISCLOSED COMPANY MONTÉRÉGIE OTHERS UNDISCLOSED INVESTORS UNDISCLOSED


TOP VC EXITS // 2016

all are deemed confidential by investors

5 exits in 2016


MOST ACTIVE FIRMS IN QUÉBEC// 2016

* TOTAL DEAL VALUES – INCLUDES ALL PARTICIPATING INVESTORS

$232

$191

$70

$150

$259

$98

$218

$14

$27

$61

Total Deals $ Millions*

Real Ventures

Capital régional et coopératif Desjardins

Fonds de solidarité FTQ

BDC Capital Inc.

Fondaction CSN

Cycle Capital Management (CCM) Inc.

Investissement Québec

iNovia Capital Inc.

Caisse de dépôt et placement du Québec (CDPQ)

34

33

27

24

19

19

15

6

5

Réseau Anges Québec

Anges Québec Capital

41

12

$307

Real Venturesmost active private

québec FIRM 34 DEALS


PRIVATE EQUITY QUÉBEC MARKET OVERVIEW




PRIVATE EQUITY HIGHLIGHTS // 2016

Key Findings:

$3.8B was invested in over 344 Québec deals in 2016, a 28 per cent share of all Canadian PE dollars.

Twelve $50M+ mega deals accounted $2.3B or 61 per cent of Québec’s 2016 total, including the $800M acquisition of Services Matrec Inc.

$1B, representing almost a third of all dollars invested, went to clean tech companies.

The largest exit in the province was the $400M sale of CGI Group Inc., followed by the $125M sale of Fibre Noire Internet Inc. to Quebecor Inc.


3445039

8 4

5$3.3B

$366m

$3.8B$5B

Ontario

BCAlberta

Saskatchewan

Québec

$1b

$30mManitoba

$202MNova Scotia

New Brunswick

85 1

$13.7btotal536 dealstotal #

PRIVATE EQUITY HEAT MAP // 2016


$0

$500

$1,000

$1,500

$2,000

$2,500

0

20

40

60

80

100

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$42

$1,

457

$8

4 $15

4

$1,

141

$1,

917

$1,

843

$9

01

$1,

729 $

267

$2,

555

$9

05

$1,

231

$9

13

12

24

8

21 20 25

28

2530

49

4451

8691

Q3

85

$6

05

$1,

040

82

Q4

TOTAL:65 DEALS

$1.7B

TOTAL:98 DEALS

$5.8B

TOTAL:174 DEALS

$5.5B

TOTAL:344 DEALS

$3.8B

$ Millions Invested

# Deals

2013 2014 2015 2016

QUARTER-OVER-QUARTER PE INVESTMENT IN QUÉBEC

NOTE: THIS IS THE FIRST YEAR THAT THE RÉSEAU CAPITAL IS PARTNERING WITH CVCA TO PRODUCE VC AND PE STATISTICS FOR QUÉBEC. THUS, DATA COMPARISONS AGAINST PREVIOUS YEARS MAY NOT BE CONSISTENT WITH RÉSEAU CAPITAL’S HISTORICAL REPORTS.


PE ACTIVITY BY DEAL SIZE // 2016Overall Downward

Pressure Sustained by

mid-market deal activity

Total Deals $ Millions

< $100K

$100 - $500K

$500K - $1M

$1M - $5M

$5M - $20M

$20M - $50M

$50M +

33

83

60

95

39

22

12

$1

$27

$46

$259

$379

$774

$2,302


PE SECTOR BREAKDOWN // 2016

12

89

12

33

45

37

22

39

26

7

18

2

2

# Deals $ Millions

CleanTech

Industrial & Manufacturing

Others

ICT

Mining & Resources

Agri-Forestry

Automotive & Transportation

Consumer & Retail

Business Products & Services

Oil & Gas, Power

Life Sciences

Financial

Real Estate

$1,050

$706

$429

$340

$318

$312

$185

$173

$147

$63

$45

$19

$3

most active sector $1.1bcleantech


TOP 10 QUÉBEC PE DEALS // 2016

COMPANY NAME CENTRE DISCLOSED INVESTORS INVOLVED IN TRANSACTION SECTOR $ MIL.

SERVICES MATREC INC. MONTÉRÉGIE GFL ENVIRONMENTAL INC., HAWTHORN EQUITY PARTNERS, HIGHBRIDGE PRINCIPAL STRATEGIES, LLC, MACQUARIE INFRASTRUCTURE AND REAL ASSETS (MIRA) CLEANTECH $800

MCINNIS CEMENT INC. MONTÉRÉGIE BLACKROCK INC., CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC (CDPQ), CDN PRIVATE INVESTORS

INDUSTRIAL & MANUFACTURING $282

TATA STEEL MINERALS CANADA LTD. MONTRÉAL INVESTISSEMENT QUÉBEC MINING & RESOURCES $125

TRIOTECH AMUSEMENT INC. LANAUDIÈRE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC (CDPQ), FONDS DE SOLIDARITÉ FTQ, UNDISCLOSED INSTITUTIONAL INVESTOR CONSUMER & RETAIL $80

PLACEMENTS LE BELVEDÈRE INC. MAURICIE CAPITAL RÉGIONAL ET COOPÉRATIF DESJARDINS (CRCD), CDN PRIVATE INVESTORS BUSINESS PRODUCTS & SERVICES $62

GARDA WORLD SECURITY GROUP MONTRÉAL APAXPARTNERS LLP, RHONE GROUP LLC, UNDISCLOSED INSTITUTIONAL INVESTOR OTHERS UNDISCLOSED

UNDISCLOSED COMPANY MONTRÉAL UNDISCLOSED INVESTORS CLEANTECH UNDISCLOSED

UNDISCLOSED COMPANY SAGUENAY-LAC-ST-JEAN/ CÔTE-NORD UNDISCLOSED INVESTORS ICT UNDISCLOSED

UNDISCLOSED COMPANY CENTRE-DU-QUÉBEC UNDISCLOSED INVESTORS INDUSTRIAL & MANUFACTURING UNDISCLOSED

VERDANT ENVIRONMENTAL TECHNOLOGIES MONTRÉAL FULCRUM CAPITAL PARTNERS INC., UNDISCLOSED INSTITUTIONAL INVESTOR ICT UNDISCLOSED


TOP DISCLOSED QUÉBEC PE EXITS // 2016

#1$400M NA (Sale of shares)

buyer

Company seller

CGI Group Inc. Caisse de dépôt et placement du Québec

(CDPQ)

#2$125M

Québecor Inc.

buyer

Company sellerFibre Noire

Internet Inc.Novacap

Investments Inc.

#3$31M

Not Disclosed

buyer

Company sellerCanadian

Malartic GPCaisse de dépôt et

placement du Québec (CDPQ)


MOST ACTIVE PE INVESTORS IN QUÉBEC // 2016

* TOTAL DEAL VALUES – INCLUDES ALL PARTICIPATING INVESTORS

91

87

69

52

30

8

8

7

2

2

# Deals $ Millions*

Capital régional et coopératif Desjardins

Fonds régionaux de solidarité FTQ

Investissement Québec

Fonds de solidarité FTQ

Caisse de dépôt et placement du Québec (CDPQ)

Fondaction CSN

XPND Capital

BDC Capital Inc.

SIDEX Limited Partnership

Persistence Capital Partners

$661

$342

$452

$600

$912

$147

$41

$5

$8

$5

most active PE investor

91 DEALSCapital Régional et

Coopératif Desjardins (CRCD)


CVCA METHODOLOGY // VENTURE CAPITAL

Venture Capital Data:

Verified completed equity or quasi-equity venture capital deals only (non-equity or project-based government funding, pharmaceutical development deals, senior debt, venture capital-backed acquisitions, and angel financing are not included)

VC DEVELOPMENT STAGES

SEED STAGE COMPANY HAS A CONCEPT OR PRODUCT UNDER DEVELOPMENT, BUT IS PROBABLY NOT FULLY OPERATIONAL.

EARLY STAGE COMPANY HAS A PRODUCT OR SERVICE IN TESTING OR PILOT PRODUCTION. IN SOME CASES, THE PRODUCT MAY BE COMMERCIALLY AVAILABLE.

LATER STAGE PRODUCT OR SERVICE IN PRODUCTION AND COMMERCIALLY AVAILABLE. COMPANY IS GENERATING ON-GOING REVENUE, BUT NOT NECESSARILY, PROFITABLE.

VC SECTORS

ICT COMPUTER HARDWARE AND SOFTWARE AND SERVICES, INTERNET SOFTWARE OR SERVICES, ECOMMERCE, ELECTRONIC & SEMICONDUCTOR, MOBILE AND TELECOM TECHNOLOGIES AND SERVICES

LIFE SCIENCES BIOTECH, MEDICAL DEVICES, PHARMACEUTICALS, EHEALTH, HEALTHCARE PRODUCTS AND SERVICES, AND OTHER MEDICAL RELATED PRODUCTS AND SERVICES

CLEANTECH ENERGY AND FUEL TECHNOLOGIES, EFFICIENCY AND CONSERVATION, RENEWAL ENERGY, ENVIRONMENTAL TECHNOLOGIES AND OTHER ENERGY AND ENVIRONMENTAL PRODUCTS AND SERVICES

AGRIBUSINESS TRADITIONAL AND ADVANCED AGRICULTURAL TECHNOLOGIES AND SERVICES

QUÉBEC ADMINISTRATIVE REGIONS

NORD-DU-QUÉBEC / ABITIBI-TÉMISCAMINGUE

OUTAOUAIS

LAURENTIDES

LAVAL

MONTRÉAL

MONTÉRÉGIE

LANAUDIÈRE

MAURICIE

ESTRIE

CENTRE-DU-QUÉBEC

QUÉBEC

CHAUDIÈRE-APPALACHES

SAGUENAY-LAC-ST-JEAN/ CÔTE-NORD

BAS-SAINT-LAURENT

GASPÉSIE/ÎLES-DE-LA-MADELEINE


CVCA METHODOLOGY // PRIVATE EQUITY

Private Equity Data:

Dataset includes only completed private equity deals (announced but yet to be completed deals are not included)

PE DEAL TYPE

BUYOUT INVESTMENT FOR THE CONTROL OF A PORTFOLIO COMPANY, INCLUDING PLATFORM CREATION, SECONDARY BUYOUT

GROWTH SIGNIFICANT MINORITY INVESTMENT INTO A PORTFOLIO COMPANY, THROUGH NEW CAPITAL INFUSION AND RECAPITALIZATION

ADD-ON CORPORATE ACQUISITIONS BY MAJORITY CONTROLLED PE BACKED PORTFOLIO COMPANIES

DEBT DEBT INVESTMENT INTO PORTFOLIO COMPANIES

INFRASTRUCTURE INVESTMENTS INTO DEVELOPMENT AND MANAGEMENT OF INFRASTRUCTURE ASSETS BUT PE DOES NOT OWN THE UNDERLYING ASSETS

continued

QUÉBEC ADMINISTRATIVE REGIONS

NORD-DU-QUÉBEC / ABITIBI-TÉMISCAMINGUE

OUTAOUAIS

LAURENTIDES

LAVAL

MONTRÉAL

MONTÉRÉGIE

LANAUDIÈRE

MAURICIE

ESTRIE

CENTRE-DU-QUÉBEC

QUÉBEC

CHAUDIÈRE-APPALACHES

SAGUENAY-LAC-ST-JEAN/ CÔTE-NORD

BAS-SAINT-LAURENT

GASPÉSIE/ÎLES-DE-LA-MADELEINE


CVCA METHODOLOGY // PRIVATE EQUITY

PE SECTORS

AGRI-FORESTRY AGRICULTURE, FOODS AND FORESTRY

AUTOMOTIVE & TRANSPORTATION TRANSPORTATION, LOGISTICS AND RELATED SERVICES

BUSINESS PRODUCTS & SERVICES BUSINESS PRODUCTS AND SERVICES

CLEANTECH ENERGY AND FUEL TECHNOLOGIES, EFFICIENCY AND CONSERVATION, RENEWAL ENERGY, ENVIRONMENTAL TECHNOLOGIES AND OTHER ENERGY AND ENVIRONMENTAL PRODUCTS AND SERVICES

CONSUMER & RETAIL CONSUMER PRODUCTS AND SERVICES, BRICK AND MORTAR RETAIL

FINANCIAL FINANCIAL SERVICES

ICT COMPUTER HARDWARE/SOFTWARE & SERVICES, INTERNET SOFTWARE & SERVICES, ECOMMERCE, ELECTRONIC & SEMICONDUCTOR, MOBILE & TELECOM AND SERVICES

INDUSTRIAL & MANUFACTURING EQUIPMENT AND MATERIAL MANUFACTURING

LIFE SCIENCES BIOTECH, MEDICAL DEVICES, PHARMACEUTICALS, EHEALTH, HEALTHCARE PRODUCTS AND SERVICES, AND OTHER MEDICAL RELATED PRODUCTS AND SERVICES

MINING & RESOURCES NON OIL AND GAS NATURAL RESOURCES

OIL & GAS, POWER OIL & GAS, POWER AND UTILITIES

REAL ESTATE PROPERTY DEVELOPMENT AND MANAGEMENT

continued


CVCA/RÉSEAU CAPITAL ABOUT & CONTACT

AuthorsDarrell oversees all data related to Canadian private capital investments, exit and fundraising activities for the CVCA. Darrell has held senior positions at several global organizations including the Toronto Stock Exchange, Institutional Limited Partners Association, Thomson Reuters, Glaxosmithkline and the Interac Association. In between these, he also started his own successful management consulting company. He has worked in New York, London and Shanghai, but Toronto remains his favourite working city. He brings to the CVCA a passion for telling compelling stories with data. Darrell is currently on the board of a non-profit social housing in Peel, a member of Volunteer Toronto as well as an active volunteer with Woodgreen Community Services. He holds a BA in Philosophy/History from the University of Western Ontario and an MBA from the Rotman School of Management.

[email protected] | 416-487-0519 ext. 208

Amy executes research on venture capital and private equity deals to oversee the Canadian private capital markets. Amy is responsible for entering the data, including investment and exit deals and fundraising activities, and is keen on providing the most accurate and up-to-date information through the CVCA’s Infobase. Amy holds a Bachelor of Mathematics, Co-op with concentrations in finance and accounting from University of Waterloo.

[email protected] | 416-487-0519 ext. 202

DARRELL PINTOResearch Director

AMY KIMResearch Associate

About CVCAThe Canadian Venture Capital and Private Equity Association is the voice of Canada’s venture capital and private equity industry. We are focused on improving the private capital ecosystem by broadening industry awareness and providing market research, networking, and professional development opportunities.

We also advocate on behalf of the industry to ensure sound public policy that encourages a favourable investment environment. The CVCA works alongside its members, who represent the vast majority of private capital firms in Canada, to improve the industry and drive innovation and growth.

For more information, visit cvca.ca

@CVCACanada /CVCACanada

CVCA - Canadian Venture Capital and Private Equity Association

372 Bay St., Suite 1201 Toronto, ON M5H 2W9

About Réseau CapitalRéseau Capital, the Québec Venture Capital and Private Equity Association, is the only private equity association that brings together all stakeholders involved in the Québec investment chain. The mission of Réseau Capital is to contribute to the development and efficient operation of the private equity industry, which plays a major role in the development and financing of businesses in Québec.

Founded in 1989, Réseau Capital represents private equity, tax-advantaged and public investment companies as well as banks, accounting and law firms, along with many professionals working in the field.

To arrange for an interview, please contact:Catherine Berbery | 514-880-2372 | [email protected]

For more information, visit reseaucapital.com

@reseaucapital Réseau Capital

Espace CDPQ – 3 Place Ville-Marie, suite 12350, Level L, Montréal, QC H3B 0E7

To obtain estimates for additional custom InfoBase data reports please contact [email protected]

Documents

VC & PE QUÉBEC MARKET OVERVIEW // 2016 · 2017-06-09 · vc & pe quÉbec market overview // 2016 note: this is the first year that the rÉseau capital is partnering with cvca to