Pav's Feed
Mar 4, 2012

Money returning for mining equity, bankers say

TORONTO, March 4 (Reuters) – There’s a new appetite
for equity financing in the global mining sector, as investors
tiptoe back into a market that has fretted about funding for the
last six months.

Boosted by firm metals prices and a less pessimistic outlook
for a still-fragile global economy, many mining companies are
again able to sell shares in secondary offerings or tempt
investors with an initial public offering.

Feb 24, 2012

OMERS eyes private market deals in Europe, North America

TORONTO, Feb 24 (Reuters) – The Ontario Municipal
Employees Retirement System, one of Canada’s largest pension
fund administrators, expects to do as many as three major
acquisitions this year for its private markets portfolio, its
chief executive said on Friday.

CEO Michael Nobrega told Reuters in an interview that
acquisitions by OMERS could be in any of the key private market
sectors of private equity, infrastructure, or real estate.

Feb 24, 2012

OMERS eyes private market deals in Europe, North America

TORONTO, Feb 24 (Reuters) – The Ontario Municipal
Employees Retirement System, one of Canada’s largest pension
fund administrators, expects to do as many as three major
acquisitions this year for its private markets portfolio, its
chief executive said on Friday.

CEO Michael Nobrega told Reuters in an interview that
acquisitions by OMERS could be in any of the key private market
sectors of private equity, infrastructure, or real estate.

Feb 16, 2012

Canadian private equity deals soared in 2011-CVCA

TORONTO, Feb 16 (Reuters) – Canadian Private equity
activity soared in 2011, eclipsing year-ago figures amid
blockbuster deals like the C$2.1 billion ($2.1 billion)
acquisition of Husky International by the OMERS pension fund and
Berkshire Partners.

Disclosed buyout and private equity disbursements for the
year totaled C$11.5 billion, up 69 percent over 2010, when deal
values were C$6.8 billion, according to a report prepared by the
Canadian Venture Capital and Private Equity Association (CVCA)
and research partner Thomson Reuters.

Feb 14, 2012

Canada venture capital investment at 4-yr highs

TORONTO, Feb 14 (Reuters) – Venture capital investment
rose to a four-year high in Canada in 2011, driven by broad bets
on innovation sectors and dominated by activity in information
technology, the Canadian Venture Capital and Private Equity
Association (CVCA) said on Tuesday.

Venture capital investment rose to C$1.5 billion ($1.5
billion), up 34 percent from 2010 and the highest level since
2007, when it was C$2.1 billion.

Feb 10, 2012

Canada Pension Plan assets under management rise

TORONTO, Feb 10 (Reuters) – Canada Pension Plan
Investment Board, one of the world’s top private equity and
infrastructure investors, on Friday reported a
quarter-to-quarter rise in assets under management, helped by
gains in public equity and bond markets.

Assets under management in its third quarter ended Dec. 31
were C$152.8 billion ($153.74 billion), compared with C$152.3
billion at the end of the second quarter. At the end of the
third quarter last year, net assets amounted to C$140.1 billion.

Feb 6, 2012

Hunter Harrison says would target costs at CP Rail

TORONTO, Feb 6 (Reuters) – Hunter Harrison, the former
railroad boss that an activist investor wants installed as chief
executive of Canadian Pacific Railway, said on Monday he
would take costs in hand at CP but not head down a “slash and
burn” path.

Harrison, a former CEO of Canadian National Railway
, also said he would “declare war on bureaucracy” at CP
within the first 100 days if he took the top job at Canada’s
second biggest railroad.

Feb 1, 2012

Scotiabank to raise C$1.5 billion in share offering

TORONTO, Feb 1 (Reuters) – Bank of Nova Scotia
(BNS.TO: Quote, Profile, Research), Canada’s third-largest bank, announced plans on
Wednesday to raise C$1.5 billion ($1.5 billion) in a public
share offering to boost its capital level and pay for previously
announced acquisitions.

The bank, which has been adding to holdings in Latin America
and Asia, said it would sell 30 million common shares at C$50.25
each on a bought deal basis.

Jan 30, 2012

BMO aims to lead more U.S. equity deals

TORONTO (Reuters) – BMO Capital Markets wants to lead more equity deals in the United States as it builds out capacity south of the border, a senior bank executive said in an interview.

BMO, the investment banking arm of Canada’s fourth-largest lender, the Bank of Montreal (BMO.TO: Quote, Profile, Research, Stock Buzz), hired a new managing director and head of U.S. equity capital markets last week, the latest in a hiring spree that added 400 U.S. positions since 2010 alone.

Jan 26, 2012

Regulatory silence unsettles TMX Group investors

TORONTO, Jan 26 (Reuters) – A weeks-long silence over
the regulatory fate of Maple’s C$3.8 billion ($3.80 billion) bid
for TMX Group is sapping investor confidence in the deal, which
would put Canada’s dominant financial markets operator under the
control of its big banks and pension funds.

More than a half-year after Maple Group offered to buy TMX
(X.TO: Quote, Profile, Research) for C$50 a share, the stock is trading at just C$42, and
some investors are shedding their investments for fear that
regulators will reject the proposal as anti-competitive.