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Canada: Five largest Private Equity/Venture Financing deals by value in the Financial Services sector (LTM June 2022)

  • A total of 88 Private Equity/Venture Financing deals (pending and completed) were announced in the Financial Services of Canada, in the last twelve months resulting in a total deal value of over $3,376.0 million. In the LTM period, January 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $732.5 million, resulting in an average deal value of $122.1 million during that month. On the other hand, the month of April 2022 was the most prolific in terms of deal volume, recording a total of 9 deals, resulting in an average deal value of $7.6 million during that month.

  • Of the 88 deals, the deal secured between Accel; Backbone Angels; ICONIQ Growth; Lightspeed Management Company, L.L.C; Robert Downey Jr.; Ryan Reynolds; Salesforce Ventures; Scarlett Johansson; Slack Fund L.L.C.; Tiger Global Management LLC and AgileBits Inc, was the largest Private Equity/Venture Financing deal in the Canada Financial Services sector, which was valued at $620.0 million and was completed on January 19, 2022. The second-largest deal was between American Express Ventures; Blumberg Capital LLC; Citi Ventures Inc; Mouro Capital LP; TCMI Inc and Trulioo Information Services Inc, while the third-largest deal was between Bow Capital; Intuit Inc; Park West Asset Management LLC; SoftBank Vision Fund 2 and Clearco. The American Express Ventures; Blumberg Capital LLC; Citi Ventures Inc; Mouro Capital LP; TCMI Inc-Trulioo Information Services Inc deal and the Bow Capital; Intuit Inc; Park West Asset Management LLC; SoftBank Vision Fund 2-Clearco deal were valued at $394.0 million and $215.0 million, respectively. The fourth-largest deal was between Baillie Gifford & Co; iFinex-Blockstream Inc valued at $210.0 million, whereas the deal between BDC Capital Inc; Drive Capital LLC; Eldridge Industries; HOOPP Capital Partners; Portage Ventures; Round 13 Capital; TTV Capital-Koho Financial Inc valued at $165.0 million was the fifth-largest deal.

  • Cumulatively, the top five deals amounted to $1,604.0 million and accounted for nearly 47.51% of the total deals (by value) announced during the last twelve months.

Canada: Five largest Private Equity/Venture Financing deals by value in the Financial Services sector (LTM June 2022)

Published: June 2022
Source: GlobalData

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