TORONTO, Feb 18 (Reuters) – The value of Canadian deals
involving private equity rose in 2010 for the first time in
three years, as investors regained some of the confidence lost
during the global financial crisis.
About C$4.9 billion ($5 billion) in private equity was
invested last year, industry data shows, including the Canada
Pension Plan Investment Board’s C$900 million purchase of a 10
percent stake in the 407 toll highway near Toronto.
TORONTO, Feb 17 (Reuters) – Homburg Canada Real Estate
Investment Trust (HCR_u.TO: Quote, Profile, Research, Stock Buzz) bought two shopping malls in
Montreal this week as it continued to expand its holdings in
Canada’s second-largest city, where demand is rising due to a
lack of new commercial development.
Homburg, which raised about C$250 million ($255 million) in
an initial public offering in May and a subsequent financing in
October, spent C$96 million on the properties.
TORONTO, Feb 16 (Reuters) – Canadian venture capital deals
increased in value for the first time in three years in 2010,
rising 10 percent as investment in Ontario, home to a large
high-technology sector, set the pace.
According to data compiled by the Canadian Venture Capital
and Private Equity Association (CVCA) and research partner
Thomson Reuters, C$1.1 billion of venture capital was invested
in 354 companies, or 5 percent more than in the previous year.
TORONTO, Feb 11 (Reuters) – AUX Canada Acquisition Inc.,
controlled by Brazil’s Eike Batista, said on Friday it had no
intention of raising its offer to buy shares of Ventana Gold
Corp (VEN.TO: Quote, Profile, Research, Stock Buzz) it does not already own for C$12.63 each.
Ventana shares inched higher in Friday trade to C$12.28 a
share after trading as high as C$12.96 early in the week,
suggesting investors think the bid might fail.
TORONTO, Feb 10 (Reuters) – A friendly bid for Canadian
exchange operator TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) could bring growth, higher
profits and higher-profile listings, but leading shareholders
fear political factors could derail a deal.
The offer for Canada’s premier bourse from the London Stock
Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) would create at Transatlantic trading venue
with a market value of some $6.9 billion, to be 55
percent-owned by LSE shareholders.
TORONTO/OTTAWA (Reuters) – A takeover of Canada’s TMX stock exchange operator by the London Stock Exchange reopens the debate on whether Canada is open for global business, or if regulatory hurdles will derail the effort to build a global powerhouse in mining and energy equity.
The proposed deal would create the world’s fourth-largest trading center, with a market value of some $6.9 billion. But debate has already started on the benefits to shareholders and to Canada, which last year vetoed BHP Billiton’s $39 billion bid for Potash Corp.
TORONTO, Feb 4 (Reuters) – The Canadian IPO market is
poised for a strong year, with a handful of deals topping the
C$1 billion mark, and in sectors that haven’t shown strength
for years, according to the deputy head of investment banking
at Bank of Nova Scotia (BNS.TO: Quote, Profile, Research, Stock Buzz).
Optimism about the economy will help drive the market, said
Philip Smith, also a managing director for Scotia Capital, the
investment banking arm for Canada’s No. 3 lender.
NEW YORK/TORONTO, Feb 3 (Reuters) – Newmont Mining Corp
(NEM.N: Quote, Profile, Research, Stock Buzz) has agreed to buy Fronteer Gold Inc (FRG.TO: Quote, Profile, Research, Stock Buzz) for C$2.3
billion ($2.3 billion), extending its presence in the western
United States as bullion prices hover near record highs.
The cash and stock transaction – the latest in a string of
deals targeting Canadian miners – adds 4.2 million ounces of
gold resource to the portfolio of the world’s second-largest
TORONTO, Feb 2 (Reuters) – Northern Graphite says it may
launch a first issue of shares in Toronto by month’s end as it
targets starting construction of a long-planned graphite mine
in northern Ontario before the year is through.
The company, which has no operating mines, is also
considering doing a second share issue in the coming months and
may sign on a joint-venture partner, Chief Executive Greg Bowes
told Reuters in an interview this week.
TORONTO, Jan 28 (Reuters) – Bauer Performance Sports, a
maker of hockey equipment in Canada for more than 80 years,
aims to raise at least C$75 million ($75 million) in an initial
public stock offering expected to close by early March, a
source said on Friday.
The company is the world’s largest global supplier of
hockey equipment, with a 45 percent market share globally in
terms of sales in fiscal 2010.