M&A Deal Summary

Devencore Acquires Avison Young

On March 15, 2021, Devencore acquired real estate company Avison Young from La Caisse de dépôt et placement du Québec

Acquisition Highlights
  • This is Devencore’s 1st transaction in the Real Estate sector.
  • This is Devencore’s 1st transaction in Canada.
  • This is Devencore’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-03-15
Target Avison Young
Sector Real Estate
Buyer(s) Devencore
Sellers(s) La Caisse de dépôt et placement du Québec
Deal Type Merger

Target

Avison Young

Toronto, Ontario, Canada
website
Avison Young is a full-service commercial real estate services company. Avison Young provides value-added, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties. Avison Young was established in 1978 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Devencore

Montréal, Quebec, Canada

website

Category Company
Founded 1972
Sector Real Estate
DESCRIPTION

Devencore is one of the largest privately-held corporate real estate brokerages and advisory firms in Canada, offering comprehensive services that are specifically designed to ensure that all real estate decisions are supported by effective real estate strategies and professional execution. Devencore was founded in 1972 and is based in Montréal, Québec.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

La Caisse de dépôt et placement du Québec

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1965
PE ASSETS 392.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 6 of 11
Sector (Real Estate) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 5 of 5
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Zevia

Los Angeles, California, United States

Zevia is a provider of naturally sweetened, GMO-free, zero-calorie beverages. Zevia is available in fifteen flavors, and is sweetened with Stevia. Zevia is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Previan

Québec, Quebec, Canada

Previan is an operator of a private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The Group serves asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Civil Infrastructure, Energy, Mining, Power Generation, and Rail. Previan was founded in 2009 and is based in Québec City.

Buy -
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