U.S. private equity firms are all over Canada searching for deals, but the locals still feel they can beat them to the transactions they want.
Even better, when it comes time to sell, having that U.S. money here in Canada means a wider range of potential buyers.
“The U.S. guys are coming to Canada big time,” said Brent Belzberg, founder and senior managing partner of TorQuest Partners, a Toronto-based firm that manages upwards of $1-billion in equity capital. “A lot of the mid-market transactions have U.S. sponsors that are bidding on them. But they tend to buy things when we’re selling as opposed to when we’re buying.”