Pav's Feed
May 27, 2011

Canada’s venture sector urged to build on success

VANCOUVER, May 27 (Reuters) – Canada’s venture capital
sector needs to build on major new success stories and embrace
an incentive culture that includes stock options if it want to
become a vibrant industry, according to a partner at one of
Silicon Valley’s most storied venture firms.

“Entrepreneurship is like art or science, where you have to
build on the shoulders of giants,” said Bing Gordon, who heads
investing in social Web technology at Kleiner Perkins Caufield
& Byers, the Silicon Valley firm that has helped launch
companies like Google.

May 27, 2011

U.S. venture capital firms eye Canada IPOs-official

VANCOUVER, May 27 (Reuters) – U.S. venture capital firms are
looking at Canadian markets as venues to list their portfolio
companies in areas ranging from clean technologies to life
sciences, a leading exchange official said.

TSX Venture Exchange President John McCoach told Reuters in
an interview on Thursday that of the 138 companies that have
gone public on Toronto’s two exchanges this year, across
sectors, eight were sourced out of the United States.

May 27, 2011

Birch Hill Equity Partners eyes exits, new acquisitions

VANCOUVER, May 26 (Reuters) – Birch Hill Equity Partners, a
mid-market Canadian private equity player, expects to have
distributed some C$700 million to its partner investors in the
first six months of the year after selling assets to strategic
buyers, a senior company executive said.

Stephen Dent, a partner with the fund, told Reuters on
Thursday the firm also has a number of other sale processes
underway, and that at least three could close before the end of
the year.

May 26, 2011

AimCo eyes up to C$700 mln in private equity deals

VANCOUVER, May 26 (Reuters) – The Alberta Investment
Management Corp could spend as much as C$700 million ($715
million) on private equity acquisitions in the next 12 months,
and as much as C$2 billion in the next three to four years.

AimCo’s chief executive, Leo de Bever, told Reuters he was
currently looking at as many as three potential deals globally
and in the mid-market range. He said he has people on the ground
looking at assets in at least three geographic areas.

May 25, 2011

CPPIB expects to be a less active dealmaker

VANCOUVER, May 25 (Reuters) – Canada Pension Plan
Investment Board, one of the world’s most active private equity
dealmakers in recent years, expects to slow down over the next
12 months as competition for assets rises.

Andre Boubonnais, CPPIB senior vice-president in charge of
private investments, said rising liquidity has accelerated the
race for acquisitions and driven up prices.

May 25, 2011

OMERS aims to build private equity portfolio

VANCOUVER, May 25 (Reuters) – OMERS, one of Canada’s
largest pension fund administrators, aims to bolster its
private equity portfolio as it builds on a strategy of buying
companies and working with existing management to enhance
value, a senior OMERS executives said.

OMERS, or Ontario Municipal Employees Retirement System,
will look for deals in the C$100 million ($102 million) to
C$500 million range, the size at which it usually targets
acquisitions, Jim Orlando, managing director for private
equity, told Reuters in an interview.

May 25, 2011

Mood upbeat for Canada private equity conference

VANCOUVER, May 25 (Reuters) – A resilient Canadian economy
is drawing levels of private equity investment not seen since
2008 and attracting global technology giants like Google
(GOOG.O: Quote, Profile, Research, Stock Buzz), Groupon and Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz).

Experts say technological innovation is blurring the
traditional lines between venture capital, which typically
invests in early stage technologies, and private equity, which
is crossing increasingly into the sector that in Canada helped
give birth to companies like Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz), maker
of the BlackBerry smartphone.

May 20, 2011

CPPIB assets under management jump

TORONTO (Reuters) – The Canada Pension Plan Investment Board, which manages the country’s national pension fund, said on Thursday its assets under management rose to a record C$148.2 billion (94.2 billion pounds) in fiscal 2011.

The fund manager said its portfolio returned 11.9 percent for the year ended March 31, compared with a 14.9 percent return in the year-earlier period.

May 19, 2011

CPPIB assets under management jump to C$148.2 bln

TORONTO, May 19 (Reuters) – The Canada Pension Plan
Investment Board, which manages the country’s national pension
fund, said on Thursday its assets under management rose to a
record C$148.2 billion ($152.8 billion) in fiscal 2011.

The fund manager said its portfolio returned 11.9 percent
for the year ended March 31, compared with a 14.9 percent
return in the year-earlier period.

May 17, 2011

Maple Group taps insider to front its TMX proposal

TORONTO, May 17 (Reuters) – An insider with a raft of
political connections is steering a proposed C$3.6 billion
made-in-Canada takeover of the country’s largest exchange
operator as Canadian banks fight off a foreign bid.

Luc Bertrand, who helped create the TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) in
2008, wants to derail a $3 billion offer from the London Stock
Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) and keep Canada’s biggest stock market in
Canadian hands.