Pav's Feed
Mar 7, 2011

Dealtalk: Canada private equity could see banner year in 2011

TORONTO (Reuters) – Canadian private equity is set for another strong year in 2011, driven by dealmaking in its midmarket and an improved fundraising climate, the head of the Canadian Ventura Capital and Private Equity Association says.

CVCA President Greg Smith told Reuters that large Canadian private equity players will again turn in a strong international performance.

Mar 7, 2011

Canada private equity could see banner year in 2011

TORONTO, March 7 (Reuters) – Canadian private equity is set
for another strong year in 2011, driven by dealmaking in its
midmarket and an improved fundraising climate, the head of the
Canadian Ventura Capital and Private Equity Association says.

CVCA President Greg Smith told Reuters that large Canadian
private equity players will again turn in a strong
international performance.

Mar 7, 2011

Codelco sees tight supply-demand balance

TORONTO, March 6 (Reuters) – The supply-demand balance for
copper will remain tight through 2011 and likely into 2012,
though volatility is possible due to Chinese efforts to control
inflation, the head of the world’s largest copper producing
company, Codelco [CODEL.UL], said on Sunday.

Codelco Chief Executive Diego Hernandez said on the
sidelines of the Prospectors and Developers Conference in
Toronto that China would drive demand, but consumption by some
developed countries would help support prices.

Mar 6, 2011

New investors bring financing bonanza to junior miners

TORONTO (Reuters) – A whole new class of conservative investor is piling into the mining sector — once the exclusive domain of daring risk-takers — bringing a bonanza of funding options to junior miners racing toward production.

Pension fund managers and sovereign wealth funds are now hungry to provide financing for projects deemed worthy of delivering stable, long-term returns.

Mar 3, 2011

Global mining M&A surged last year, report says

TORONTO, March 3 (Reuters) – The value of mergers and
acquisitions in the global mining industry surged last year as
the race for resources accelerated, according to a report that
ranked Canadian companies at the top of the M&A list.

Deal valuations will rise at an even faster pace in 2011 as
equity in mining companies appreciates alongside rising prices
for metals, according to an annual report, released on Thursday
by PricewaterhouseCoopers.

Mar 2, 2011

TMX, LSE defend tie-up to wary Ontario lawmakers

TORONTO, March 2 (Reuters) – The architects of the London
Stock Exchange’s (LSE.L: Quote, Profile, Research, Stock Buzz) takeover of TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) defended
the transatlantic tie-up to skeptical lawmakers on Wednesday in
the first of a series of government and regulatory approvals.

An Ontario legislative review that began on Wednesday is
not in itself legally binding. But it will likely influence
regulatory and federal government reviews that have the power
to derail the C$3.1 billion takeover.

Mar 2, 2011

TMX CEO denies LSE deal is threat to Canada

TORONTO, March 2 (Reuters) – Control of the Toronto Stock
Exchange will stay in Canadian hands after the London Stock
Exchange’s (LSE.L: Quote, Profile, Research) takeover of TMX Group (X.TO: Quote, Profile, Research), the TMX’s CEO
said on Wednesday, countering one of the main criticisms of the
deal.

Speaking to Ontario lawmakers at the opening of a
provincial review, TMX CEO Tom Kloet said an executive based in
Toronto will still lead Canada’s biggest exchange, even after
its owner, the TMX, is folded into the larger London-based
company.

Mar 1, 2011

Hearings to highlight politics of LSE-TMX deal

TORONTO (Reuters) – Politics may trump the idea of globalization in deciding the fate of a proposed takeover of the TMX Group (X.TO: Quote, Profile, Research), raising the spectre of a second foreign-backed deal blocked by Canada in a matter of months.

A complex, multi-tiered approval process starts on Wednesday when an all-party committee of the Ontario provincial legislature holds the first of four hearings on the takeover proposal from the London Stock Exchange (LSE.L: Quote, Profile, Research).

Mar 1, 2011

Ontario hearings to highlight politics of TMX deal

TORONTO, Feb 28 (Reuters) – Politics may trump the idea of
globalization in deciding the fate of a proposed takeover of
the TMX Group (X.TO: Quote, Profile, Research), raising the specter of a second
foreign-backed deal blocked by Canada in a matter of months.

A complex, multi-tiered approval process starts on
Wednesday when an all-party committee of the Ontario provincial
legislature holds the first of four hearings on the takeover
proposal from the London Stock Exchange (LSE.L: Quote, Profile, Research).

Feb 23, 2011

Regulator to ask if TMX deal in public interest

TORONTO, Feb 23 (Reuters) – The Ontario Securities
Commission will assess whether the London Stock Exchange’s
(LSE.L: Quote, Profile, Research) proposed takeover of TMX Group (X.TO: Quote, Profile, Research) is in “the public
interest,” a concept that even the head of OSC finds nebulous.

OSC Chair Howard Wetston on Wednesday said he could not say
what specific metrics the OSC would use to assess the merits of
the deal, which would combine the operators of the Toronto and
London stock exchanges into a $7 billion transatlantic power.