March 02, 2016
Torys’ latest report on developments in the private equity (PE) sector, Private Equity in Focus 2016, is the basis of an Investment Executive article discussing the Canadian PE sector in the year ahead. Partner and report co-author Michael Akawwi provides comment on various issues discussed in both the article and the firm’s report, including pension funds, the energy sector and M&A activity. Below is an excerpt of the article.
"Good news in one usually means bad news in another," says Michael Akkawi, partner and head of Torys' private equity group in Toronto, and co-author of Private Equity in Focus, 2016.
Specifically, the relative pricing of Canadian assets, accessible leverage markets and a weak Canadian dollar are driving the move toward private equity, he says: "The macro environment in Canada is leading investors into private equity and other alternative investments, where [investors] believe they can get a better return on investment."
To read the full article, click here.