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MAY 2013
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News


January • February • March • April • May • June • July • 
August • September • October • November • December

 18 December 2012   Ernst & Young report: Private Equity - Public Exits - Q3 2012
  Ernst & Young would like to alert you to the launch of our global report, Private Equity, Public Exits-Q3-2012, wich was recently released.

PE-backed IPO proceeds decline in line with broader market; 17 sponsored deals raise US$4.0b

Volatility in the global IPO market continued unabated in the third quarter. Persistent concerns around overall macroeconomic uncertainty have weighed heavily on investor confidence. Globally, new public issuers raised US$28.7b across 173 IPOs, a decline of 35% from the second quarter of the year, when US$44.3b was raised in 248 new offerings. PE-backed activity was similarly down during the third quarter. Seventeen sponsored companies raised US$4.0b in the third quarter, a 70% drop from the US$6.7b raised in Q2 and a 35% drop in number. This was the lowest number of PE-backed enterprises to conduct IPOs since Q2 2009. Year-to-date, PE-backed IPOs have raised US$16.7b, a significant decline relative to the US$34.3b raised over the same period last year and driven largely by the absence of the large IPOs that defined the first half of 2011.

In contrast to global trends, which have continued to see the Asia-Pacific region as a driver of IPO activity, PE-backed issuance remains centered around the US market with 70% of PE-backed issuers in the third quarter based in the US. However, Asia and the emerging markets in general continue to see substantial IPOs backed by PE-investors. There were no PE-backed IPOs in EMEA during the quarter.

We look forward to hearing your views.

Kind regards,
The Ernst & Young Transaction Advisory Services team
Transactions@ca.ey.com
 http://www.ey.com/Publication/vwLUAssets/PE-IPO-Report_Q3-2012/$FILE/PE-IPO-Repo
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 12 December 2012   Des membres d’Anges Québec investissent 590 K$ dans GCS Medical et son positionneur chirurgical AssistArm
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 06 December 2012   Fonds de solidarité FTQ SME Confidence Index: varied and complementary sources of financing more important than ever during uncertain economic times
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 06 December 2012   Fonds de solidarité FTQ invests $4.725 million in Mediagrif Interactive Technologies Inc.
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