Michael Akkawi Discusses Private Equity Activity in Lexpert

June 25, 2015

The private equity (PE) market in Canada has weathered several economic fluctuations since 2014 including falling oil prices and a lower Canadian dollar. With the recent amendments to the Investment Canada Act (ICA), foreign PE firms are once again presented with a changing environment in the form of new regulations. Partner and Private Equity Practice head Michael Akkawi provided insight on private equity activity in Canada for a Lexpert report on the impact of the ICA update on this sector.

And while the diminished economic outlook of the past few months has evoked consternation, some of its elements, like the recent drop in the price of oil and the fall of the Canadian dollar, may actually help sustain or even boost the PE market in 2015.

“Last year was a very good year for private equity in Canada and North America,” says Michael Akkawi of Torys LLP in Toronto. “The deal volume was high, especially in the mid-market [C$100 million to C$500 million], and I don’t see it changing this year.”

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