This is why we need the Marshall Plan, To protect all taxpayers against the loss of $6 billion in annual taxes that the Marshall Plan ensures are preserved.
REUTERS UPDATE 1-Canada private equity deals seen jumping in 2010
Mon Jan 18, 2010 4:15pm EST
* Private equity deals seen up 20 pct to 30 pct in 2010
TORONTO, Jan 18 (Reuters) - Canadian private equity buyout firms are seen picking up the pace in 2010 by as much as 30 percent after closing around 100 deals in 2009, the head of the Canadian Venture Capital and Private Equity Association (CVCA) told Reuters in an interview on Monday.
CVCA President Gregory Smith said dealmaking in Canada will rise by 20 percent to 30 percent and will be driven by investor optimism amid a recovering global economy.
"The difference between January 2010 and January 2009 is that in January 2010 people actually have a view," Smith said weeks ahead of the official release of CVCA figures for 2009 and for its 2010 outlook.
"A year ago you couldn't say that. People were uncertain. People this year are prepared to make commitments based on their forward looking outlooks."
He said changes in tax laws governing income trusts, effectively forcing them to either go private or turn into corporations, and investment in infrastructure, will likely drive deals done by Canadian private equity players.
Smith said the outlook for venture capital was poor, predicting investment in the already struggling sector could plunge another 30 percent this year
Monday, January 18, 2010
Posted by Fillibluster at 4:35 PM