After the slowest year on record for the Canadian private equity market, the sector started to bounce back in the first three months of this year.
Private equity firms in Canada invested $4-billion during the first quarter of 2024, the Canadian Venture Capital and Private Equity Association said Friday, nearly doubling the $2.1-billion invested during the same period in 2023. The total represents the strongest start to the year since 2021, when privately equity firms invested $4.9-billion in the first quarter of that year.
At the same time, private equity investors made $2.8-billion from 15 exit deals during the quarter, exceeding the total exit value for all of 2023 and signalling more money will be available for investment in the months ahead.
Despite a dearth of initial public offerings – historically among the most common private equity exit strategies – investors in the space are increasingly making money by re-privatizing…
