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Canadian PE market on track for biggest year since 2007

Canada's private capital industry is poised to have its best year for deal activity in buyout and related private equity (PE) markets since 2007. 

That is the main finding from the Canadian Venture Capital and Private Equity Association's (CVCA) Q3, 2014 report released today. This is largely due to the CAD12.5 billion merger of Tim Hortons Inc with Burger King Worldwide Inc.

According to Q3 data, Canadian venture capital also continues to grow in terms of money invested and number of deals done. However, new capital commitments to Canadian VC funds continued to decline in the third quarter which is concerning.

"Investments made by the Canadian private capital industry as a whole have increased significantly, which helps drive economic growth and innovation," says Mike Woollatt, CEO, CVCA. "An area of concern is VC fundraising which continues to decline and may adversely affect future investment levels. One way to help reverse this trend is to point to the many successes in this asset class, which the CVCA is seized with doing."

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