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Canada: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Cloud (LTM June 2022)

  • A total of 78 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of Canada, driven by Cloud, in the last twelve months resulting in a total deal value of over $2,460.3 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $662.2 million, resulting in an average deal value of $82.8 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 $14.7 million during that month.

  • Of the 78 deals, the deal secured between Vista Equity Partners, LLP and Assent Compliance, Inc., was the largest Private Equity/Venture Financing deal in the Canada Technology, Media and Telecom sector driven by Cloud, which was valued at $350.0 million and was completed on January 6, 2022. The second-largest deal was between BDC Capital Inc; Blue Cloud Ventures; Fidelity Management & Research Company; Garage Capital; Harmonic Growth Partners; Index Ventures; Ontario Teachers' Pension Plan Board; Teachers Innovation Platform and Easy Education Inc, while the third-largest deal was between Great Hill Partners LP and Auvik Networks Inc. The BDC Capital Inc; Blue Cloud Ventures; Fidelity Management & Research Company; Garage Capital; Harmonic Growth Partners; Index Ventures; Ontario Teachers' Pension Plan Board; Teachers Innovation Platform-Easy Education Inc deal and the Great Hill Partners LP-Auvik Networks Inc deal were valued at $300.0 million and $250.0 million, respectively. The fourth-largest deal was between Caisse de depot et placement du Quebec; Generation Investment Management LLP; iNovia Capital; Investissement Quebec Inc; Klass Capital Corp-AlayaCare Inc valued at $182.0 million, whereas the deal between ICONIQ Growth; Luminate Capital Partners; Warburg Pincus LLC-ecmarket Inc valued at $130.0 million was the fifth-largest deal.

  • Cumulatively, the top five deals amounted to $1,212.0 million and accounted for nearly 49.26% of the total deals (by value) announced during the last twelve months.

Canada: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Cloud (LTM June 2022)

Published: June 2022
Source: GlobalData

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