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VC & PE Canadian MarkEt OVErViEw
// H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 2
COntEnts FOREWARD ..................................................................................................................3
VENTURE CAPITAL CANADIAN MARKET OVERVIEW ...............................4 Venture Capital highlights ............................................................................................................... 5
Venture Capital heat Map ..................................................................................................................... 6
Quarter-oVer-Quarter VC inVestMent aCtiVity ......................................................... 7
top Canadian proVinCes for VC inVestMents ............................................................... 8
VC seCtor Breakdown .................................................................................................................................9
top VC seCtors ........................................................................................................................................... 10, 11
top 10 disClosed Canadian VC deals ....................................................................................... 12
top disClosed VC exits ............................................................................................................................. 13
Most aCtiVe firMs .......................................................................................................................................... 14
Most aCtiVe pension, retail, Corporate & other puBliC funds ............. 15
Most aCtiVe goVernMent funds ................................................................................................. 16
PRIVATE EQUITY CANADIAN MARKET OVERVIEW ................................. 17 priVate eQuity highlights ................................................................................................................... 18
priVate eQuity heat Map ......................................................................................................................... 19
Quarter-oVer-Quarter pe inVestMent aCtiVity ...................................................... 20
top Canadian proVinCes for pe inVestMents.............................................................. 21
pe seCtor Breakdown ............................................................................................................................. 22
CleanteCh as top pe seCtor ............................................................................................................. 23
top 10 disClosed pe deals .................................................................................................................... 24
top 3 disClosed pe exits ......................................................................................................................... 25
Most aCtiVe pe firMs ................................................................................................................................. 26
CVCA METhODOLOgY ........................................................................................ 27
AUThORs, AbOUT CVCA AND CONTACT INFO ....................................... 28
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 3
fOrEward
August 29, 2016 – Toronto, ON – In the first half of 2016, the Canadian investment landscape continued to show strength, especially on the VC side. Building on a huge Q1, $683M was invested in Q2 bringing the total to $1.5B invested over 255 deals. This is significantly higher than the first half of 2015, where $1.1B was invested over 272 deals. The ICT sector led the way with $1,027M invested in H1 (67 per cent of the total dollars invested), followed by $310M in life sciences (20 per cent) and $114M in agribusiness (7 per cent).
The average VC deal size in H1 jumped 53 per cent from $4M to $6.1M driven by a few major deals involving CVCA members. These included cloud-based real estate app, Real Matters, which raised $100M, and the $128M investment in DalCor Pharmaceuticals—a CVCA life sciences record. FarmersEdge, a big data agribusiness, received a VC investment of $58M, a new high for its sector.
“Venture capital investment continues to rise in Canada,” says Mike Woollatt, chief executive officer, CVCA. “On the top-end, we’ve seen a significant increase in the share of the amount invested in later stage deals (50 per cent) compared
to last year (38 per cent), which is what Canada really needs to help companies scale and become world leaders.”
On the PE side, $3.1B was invested (over 87 deals) in Q2, up 4 per cent from $3B in the previous quarter (over 86 deals). However, the total amount invested in H1 2016 was 32 per cent lower than the same period last year ($6.1B over 173 deals versus $8.9B over 194 deals).
One exception was the CleanTech sector with $1.5B invested in 10 deals. The average CleanTech deal size increased 325 per cent from last year due in large part to $800M invested in Services Matrec and $480M in financing for Capstone Infrastructure Corporation.
Quebec captured nearly a third of all PE financings in the first half—an increase from 2015 (24 per cent) and 2014 (14 per cent), and now rivals Ontario (32 per cent) for PE investment.
“For private equity, there’s positive news in the CleanTech sector. But overall, the 2016 first-half numbers have been lower than what we’ve seen in the past couple of years,” Woollatt adds. “This is primarily due to the slowdown in oil and gas activity continuing into 2016. There is still a tremendous amount of dry powder out there, however, so we expect investment levels to eventually increase.”
Adding to the dry powder, just over $4M in new PE funds were raised in H1, 13 per cent more than was raised the same time last year ($3.6M).
CVCA outlook from the first half of 2016: Canadian VC investment continues to be strong, PE lags
Country reCords largest VC deal in life sCienCes sinCe 2013, inVestMents in agriBusiness Continue to rise
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 4
VEntUrE CaPitaL Canadian MarkEt OVErViEw
// H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 5
VEntUrE CaPitaL highLights// H1 2016
Key Findings:
$128M VC investment in DalCor Pharmaceuticals, a CVCA life sciences sector record $100M VC investment in Real Matters, a cloud-based app The largest agribusiness VC investment in Canada: FarmersEdge gets a $58M infusion Ontario leads the provinces in VC financings (44 per cent), followed by 28 per cent in
Quebec and 19 per cent in BC 50 per cent of investment dollars went to late-stage deals, versus 38 per cent in 2015 Q1 was a historic high for VC where the average deal size was $7.1M. While that dropped
to $5M in Q2, that’s still 6 per cent higher than the average deal size from 2013 to 2015 Information and Communications Technology (ICT) continues to lead the growth There was $691M in new funds raised in H1, down 32 per cent from the same time last year
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 6
7592
38 123
18$287M
$16M
$69M
$425M
$664MOntario
BC
Alberta
Manitoba
Québec Nova Scotia$34M
New Brunswick
Newfoundland& Labrador
$24M
$1M
$6MSaskatchewan
PrinceEdward Island
14
1
11
$1.5btotal
255 dealstotal #
VEntUrE CaPitaL hEat MaP // H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 7
qUartEr-OVEr-qUartEr VC inVEstMEnt aCtiVity
0
20
40
60
80
100
120
140
160
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1
$41
4
$34
0
$6
01
$54
0
$35
8
$41
1
$6
54
$6
13
$41
9
$6
64
$6
21
$6
58
$8
43
$6
83
85
82
10297
110
91
110
122 133
139 142
131
119
136
$ Millions Invested
# Deals
2013 2014 2015 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 8
#1 // OntariotOP Canadian PrOVinCEs fOr VC inVEstMEnts // H1 2016
#2 // quebec
#3 // bc
OntariO’s tOp deal
ict
life sciences
quebec’s tOp deal
bc’s tOp deal
cOmpany name sectOr disclOsed investOrs $ mil.
real matters ict cdn private investors, whitecap venture partners $100
buildscale, inc. ictBattery ventures, Bessemer venture partners, inovia capital inc., omers ventures management inc., salesforce ventures, softtech vc
$49
league, inc. ictBdc capital inc., omers ventures management inc., Quantum valley investments, real ventures, other investors
$32
cOmpany name sectOr disclOsed investOrs $ mil.
dalcOr pharmaceuticals inc.
life sciences caisse de dépôt et placement du QuéBec, cti partners, fonds de solidarité ftQ, cdn private investors $128
addÉnergie technOlOgies inc
ict caisse de dépôt et placement du QuéBec, investissement QuéBec $13
fresche sOlutiOns inc
ict fonds de solidarité ftQ, fonds régionaux de solidarité ftQ $13
cOmpany name sectOr disclOsed investOrs $ mil.
ZymewOrks inc. life sciences
Bdc capital and lumira capital, joined By eli lilly, celgene, cti life sciences, fonds de solidarité, perceptive advisors, teralys capital, northleaf, Brace pharma capital, merlin nexus, others
$87
indOchinO apparel inc.
ict dayang group co., ltd. $42
bench accOunting, inc.
ict altos ventures, Bain capital, llc, contour venture partners $20life sciences
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 9
VC sECtOrbrEakdOwn// H1 2016
Life Sciences
$310M // 35 dEaLs
Others
$10M // 7 dEaLs
AgriBusiness
$114M // 12 dEaLs
ICT $1B // 180 dEaLs
Clean Tech
$64M // 21 dEaLs
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 10
tOP VC sECtOrs // H1 2016
iCt
continued
life sciencescOmpany name prOvince disclOsed investOrs $ mil.
dalcOr pharmaceuticals inc.
QueBec
caisse de dépôt et placement du QuéBec, cti partners, fonds de solidarité ftQ, cdn private investors
$128
ZymewOrks inc. Bc
Bdc capital and lumira capital, joined By eli lilly, celgene, cti life sciences, fonds de solidarité, perceptive advisors, teralys capital, northleaf, Brace pharma capital, merlin nexus, others
$87
essa pharma inc.
Bc
Bloom Burton & co. limited, charlestown jupiter fund, llc, clarus ventures, llc, deerfield management company, l.p., K2 & associates investment management inc., ls advisers, llc, omega fund management limited, stratigis capital advisors inc
$18
intega skin sciences inc.
QueBecKnight therapeutics and Bloom Burton healthcare lending trust
$11
vitaeris inc Bc hBm healthcare investments $9
cOmpany name prOvince disclOsed investOrs $ mil.
real matters ontariocdn private investors, whitecap venture partners
$100
buildscale, inc. ontario
Battery ventures, Bessemer venture partners, inovia capital inc., omers ventures management inc., salesforce ventures, softtech vc
$49
indOchinO apparel inc.
Bc dayang group co., ltd. $42
league, inc. ontario
Bdc capital inc., omers ventures management inc., Quantum valley investments, real ventures, other investors
$32
diablO technOlOgies inc.
ontario
Battery ventures, Bdc capital inc., celtic house venture partners, hasso plattner ventures (hpv), israel cleantech ventures (icv)
$27
$100 M#1 ICt Investment
$128 M#1 life sciences Investment
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 11
agribusinesscOmpany name prOvince disclOsed investOrs $ mil.
farmers edge manitoBaavrio ventures management corp., Kleiner perKins caufield & Byers (KpcB), mitsui & co. gloBal investment ltd., osmington inc., cdn private investors
$58
ressOn aerOspace cOrpOratiOn
new BrunswicKBdc capital inc., Build ventures, east valley ventures inc, monsanto growth ventures, new BrunswicK innovation foundation (nBif), rho canada ventures
$14
inOcucOr technOlOgies inc.
QueBeccycle capital management (ccm) inc., desjardins venture capital inc., cdn private investors
$6
baby gOurmet fOOds inc.
alBerta avrio ventures management corp. $2
cadcan marketing & sales inc.
alBerta avrio ventures management corp. $2
$58 M#1 agribusiness Investment
continued
tOP VC sECtOrs // H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 12
tOP10 disCLOsEd Canadian VC dEaLs // H1 2016
cOmpany name prOvince disclOsed vc firm(s) sectOr $ mil.
dalcOr pharmaceuticals inc.
QueBec caisse de dépôt et placement du QuéBec, cti partners, fonds de solidarité ftQ, cdn private investors life sciences $128
real matters inc. ontario cdn private investors, whitecap venture partners ict $100
ZymewOrks inc. Bc
Bdc capital, lumira capital, joined By eli lilly, celgene, cti life sciences, fonds de solidarité, perceptive advisors, teralys capital, northleaf, Brace pharma capital, merlin nexus, others
life sciences $87
farmers edge manitoBaavrio ventures management corp., Kleiner perKins caufield & Byers (KpcB), mitsui & co. gloBal investment ltd., osmington inc., cdn private investors
agriBusiness $58
buildscale, inc. ontarioBattery ventures, Bessemer venture partners, inovia capital inc., omers ventures management inc., salesforce ventures, softtech vc
ict $49
indOchinO apparel inc. Bc dayang group co., ltd. ict $42
league, inc. ontario Bdc capital inc., omers ventures management inc., Quantum valley investments, real ventures, other investors ict $32
diablO technOlOgies inc. ontarioBattery ventures, Bdc capital inc., celtic house venture partners, hasso plattner ventures (hpv), israel cleantech ventures (icv)
ict $27
esentire, inc. ontariocisco investments, edison ventures, georgian partners inc., information venture partners inc., northleaf capital partners, teralys capital
ict $27
q4 web systems inc. ontario
accomplice, llc, harBourvest partners, llc, information venture partners inc., Kensington capital partners limited, opentext ventures, plaza ventures, vcic/emerillon capital
ict $22
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 13
tOP disCLOsEd VC Exits // H1 2016
#3N/A
#1$132 M
#2$18 M
Horizons Ventures Limited, Kleiner Perkins Caufield
& Byers (KPCB), Snapchat, Inc
Investors
Company buyer
bitstrips Inc. snapchat
Covington Capital Corporation, Magal Security Systems Ltd,
VL Advisors Inc.
Investors
Company
Aimetis Corp.
buyer
Magal security
12 M&A exits with undisclosed
transaction values
Investors
ICT
ICT ICT AgRIBuSInESS
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 14
MOst aCtiVE firMs // H1 2016
* total deal Values – inCludes all partiCipating inVestors
Real Ventures
Cycle Capital Management (CCM) Inc.
iNovia Capital Inc.
Relay Ventures
Avrio Ventures Management Corp.
Georgian Partners Inc.
Celtic House Venture Partners
Yaletown Venture Partners
White Star Capital Inc.
Vanedge Capital Partners Ltd
39
15
11
10
8
4
4
4
4
4
Total Deals $ Millions*
$77
$39
$79
$76
$93
$189
$38
$25
$9
$8 Real Ventures
most active VC FIRM
39 DEALS
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 15
MOst aCtiVE PEnsiOn, rEtaiL, COrPOratE & OthEr PUbLiC fUnds // H1 2016
Fonds de solidarité FTQ
Fondaction CSN
Desjardins Venture Capital Inc.
Caisse de dépôt et placement du Québec
OMERS Ventures Management Inc.
14
9
5
4
4
Total Deals $ Millions*
$254
$142
$15
$150
$98
Fonds de solidarité FTQmost active
14 DEALS$254 M
* total deal Values – inCludes all partiCipating inVestors
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 16
MOst aCtiVE gOVErnMEnt fUnds // H1 2016
50
18
12
12
8
6
4
# Deals $ Millions*
BDC Capital Inc.
New Brunswick Innovation Foundation (NBIF)
Investissement Québec
MaRS IAF
Innovacorp
Atlantic Canada Opportunities Agency (ACOA)
EDC Equity
$334
$24
$133
$7
$6
$4
$26BDC CAPITAL INC.
most active VC FIRM
50 DEALS* total deal Values – inCludes all partiCipating inVestors
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 17
PriVatE EqUity Canadian MarkEt OVErViEw
// H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 18
PriVatE EqUity highLights// H1 2016
Key Findings:
Average PE Deal size in H1 2016 was $35.1M, down 27 per cent from the same period last year and significantly lower than the average deal size between 2013-2015 ($74.4M).
Quebec captured 29 per cent of PE financings, an increase over both 2015 (24 per cent) and 2014 (14 per cent)
Quebec is a now a close second to Ontario (32 per cent) in PE investmentOil and gas continue to decline due to global oil prices with only $2.6M invested over 15 dealsActivity led by CleanTech and driven by fewer, though higher-priced deals: gFL Environmental’s $800M acquisition of Services Matrec in Quebec $480M investment in Capstone Infrastructure Corporation AIMCo’s $200M investment in TransAlta Renewables in Alberta
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 19
881921
41
1$1.2B
$169m
$1.8B$1.9BOntario
BCAlberta
Saskatchewan
Québec
$1B
1
Manitoba
Nova Scotia
New Brunswick
38
total 173 dealstotal #
PriVatE EqUity hEat MaP // H1 2016
$6.1 b
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 20
qUartEr-OVEr-qUartEr PE inVEstMEnt aCtiVity // 2013-H1 2016
Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1
$0
$5,000
$10,000
$15,000
$20,000
$25,000
0
25
50
75
100
125
$2,
528
$2,
927
$1,
844
$3,
96
3
$6
,277
$5,
250
$7,
80
4
$22
,852
$7,
053
$1,
86
9
$11
,36
7
$2,
60
0
$2,
971
$3,
097
55
79
47
83
64
80
88
102
90
104
116 113
86
87
$ Millions Invested
# Deals
2013 2014 2015 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 21
tOP Canadian PrOVinCEs fOr PE inVEstMEnts // H1 2016 #1 // Ontario
#2 // quebec
#3 // alberta
cOmpany name sectOr disclOsed investOrs $ mil.
pacific explOratiOn & prOductiOn cOrp
oil & gas, power catalyst capital group inc. $641
capstOne infrastructure cOrpOratiOn
cleantech icon infrastructure $480
lifemark health and viewpOint medical assessments
life sciences audax management company, llc, centric health corporation $245
cOmpany name sectOr disclOsed investOrs $ mil.
rimrOck Oil & gas oil & gas, power warBurg pincus llc $690
transalta renewables inc
cleantech alBerta investment management corporation (aimco), transalta corporation $200
canamax energy ltd. oil & gas, power 32 degrees capital, edge natural resources llc $82
cOmpany name sectOr disclOsed investOrs $ mil.
services matrec inc. cleantech
gfl environmental inc., hawthorn eQuity partners, highBridge principal strategies, llc, macQuarie infrastructure and real assets (mira)
$800
triOtech amusement inc
consumer & retail caisse de dépot et placement du QueBec, fonds de solidarité ftQ $80
canam grOup inc
industrial & manufacturing fonds de solidarité ftQ $50
OntariO’s tOp deal
Oil & gas, pOwer
quebec’s tOp deal
cleantech
alberta’stOp deal
Oil & gas, pOwer
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 22
PE sECtOrbrEakdOwn // H1 2016
Oil & Gas, Power $2.6 B // 15 dEaLs
CleanTech
$1.5 B // 10 dEaLs
Life Sciences
$454M // 7 dEaLs
Mining & Resources
$405M // 25 dEaLs ICT
$282M // 28 dEaLs
Industrial & Manufacturing
$167M // 38 dEaLs
Other
$409M // 7 dEaLs
Business Products & Services
$29M // 6 dEaLs
Consumer & Retail
$196M // 16 dEaLs
AgriForestry
$58M // 13 dEaLs
$800 M
province
Disclosed Investors
Services Matrec Inc.
GFL Environmental Inc., Hawthorn Equity Partners,
Highbridge Principal Strategies, LLC, Macquarie Infrastructure and
Real Assets (MIRA)
Quebec
$480 M
province
Capstone Infrastructure Corporation
iCON Infrastructure
Ontario
Disclosed Investors
$200 M
province
Disclosed Investors
TransAlta Renewables Inc.
Alberta Investment Management Corporation (AIMCo),
TransAlta Corporation
Alberta
CLEantECh as tOP PE sECtOr // H1 2016
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 23
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 24
tOP 10 disCLOsEd PE dEaLs // H1 2016 TOP COMPANY $975 MSaskatchewan Assets
of Penn West Petroleum
rank cOmpany prOvince pe firm(s) sectOr $ mil.
1saskatchewan assets Of penn west petrOleum
sasKatchewan canada pension plan investment Board (cppiB), penn west petroleum ltd, teine energy ltd.
oil & gas, power $975
2 services matrec inc.
QueBechighBridge principal strategies, macQuarie infrastructure and real assets (mira), hawthorn eQuity partners
cleantech $800
3 rimrOck Oil & gas alBerta warBurg pincus oil & gas, power $690
4 pacific explOratiOn & prOductiOn cOrp
ontario catalyst capital group inc. oil & gas, power $641
5capstOne infrastructure cOrpOratiOn
ontario icon infrastructure cleantech $480
6lifemark health and viewpOint medical assessments
ontario audax management company, llc, centric health corporation life sciences $245
7 araleZ pharmaceuticals inc.
ontario Broadfin capital, llc, deerfield management company, l.p., jw asset management, llc, Qlt inc. life sciences $206
8 transalta renewables inc
alBerta alBerta investment management corporation (aimco), transalta corporation cleantech $200
9 banrO cOrpOratiOn ontario resource financeworKs limited mining & resources $137
10 fissiOn uranium cOrp. Bc cgn mining company limited mining & resources $82
Oil & gas, pOwer
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 25
buyer/PE InvestorHydro One
tOP 3 disCLOsEd PE Exits // H1 2016
buyer/PE Investor
PE Investors
Wind Mobile
Globalive Capital, LG Capital Investors LLC, Novus Entertainment Inc.,
Serruya Private Equity, Shaw Communications Inc.,
Tennenbaum Capital Partners, LLC, West Face Capital Inc.
Shaw
$1.6 B
#1 PE Investors
CgI group
Caisse de dépôt et placement du Québec
Secondary sale to CGI Group
$400 M
#2
PE Investors
great Lakes Power Transmission LP
Brookfield Infrastructure Partners LP, Hydro One Ltd
$222 M
#3
buyer/PE Investor
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 26
MOst aCtiVE PE firMs // H1 2016
43
23
23
8
6
5
5
4
3
3
# Deals $ Millions*
Investissement Québec
Fonds de solidarité
Caisse de dépôt et placement du Québec
BDC Capital Inc.
Fondaction
32 Degrees Capital
Desjardins Venture Capital Inc.
PFM Capital Inc.
TIMIA Capital Corp
Providence Equity Partners LLC
$138
$221
$295
$20
$99
$162
$22
$52
$2
$0Investissement Québec
most active PE FIRM
43 DEALS* total deal Values - inCludes all partiCipating inVestors
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 27
CVCa MEthOdOLOgy
Venture Capital Data:
Dataset includes verified completed equity or quasi-equity venture capital deals only (non-equity or project-based government funding, pharmaceutical product development deals, senior debt, venture capital-backed acquisitions, and angel financing are not included)
Private Equity Data:
Dataset includes only completed private equity deals (announced, but yet to be completed deals, are not included)
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW: FIRST HALF 2016 | 28
CVCa abOUt& COntaCtAuthors
Darrell oversees all data related to Canadian private capital investments, exit and fundraising activities for the CVCA. Darrell has held senior positions at several global organiza-tions including the Toronto Stock Exchange, Institutional Lim-ited Partners Association, Thomson Reuters, Glaxosmithkline and the Interac Association. In between these, he also start-ed 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
Carolyn oversees all of the CVCA’s communications and marketing efforts, which includes managing the Association’s brand, coordinating media outreach programs, and managing the development of all online content and social media en-gagements. Carolyn also brings with her a background in jour-nalism, and is keen on positioning the CVCA as the industry thought leader for all things private capital through informative and engaging content. Carolyn has a BA in Popular Culture and Communications from Brock University, a diploma in Journalism from Niagara College Canada, and an interdisciplin-ary Master of Arts degree in Communication Studies from Brock University.
[email protected] | 416-487-0519 ext. 204
Amy executes research on venture capital and private equity deals to oversee the Canadian private capital mar-kets. 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 Assistant
CAROLYN gOARDSenior Manager, Communications
About CVCAThe Canadian Venture Capital and Private Equity Association is the voice of Cana-da’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