M&A Deal Summary

Devencore Acquires Avison Young

On March 15, 2021, Devencore acquired real estate company Avison Young from CDPQ

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) CDPQ
Deal Type Merger

Target

Avison Young

Toronto, Ontario, Canada
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
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

CDPQ

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 6 of 16
Sector (Real Estate) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 5 of 8
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
2021-04-23 Ermewa Group

Levallois-Perret, France

Ermewa Group is a provider of industrial railcars and tank containers leasing services. Operating in 80 countries, the Group specialises in designing, optimising and managing strategic assets for the global supply chain. With its headquarters in France and with 40 international offices, the Ermewa Group offers local expertise to customers from industries as diverse as steel, energy, construction, mining, food and beverage, and transportation. Ermewa Group is based in Levallois-Perret, France.

Buy -
Mergr

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