Canadian takeover and private equity activity jumped in the first quarter as deal volumes and values rose in response to optimism over Canada's sustained economic strength after the global recession. According to data compiled by the Canadian Venture Capital and Private Equity Association (CVCA) and research partner Thomson Reuters, private equity deal volumes rose 25 percent in the quarter, with 40 reported. Total disclosed deal values were C$2.2 billion ($2.3 billion), or 74 percent more than in the first quarter last year, and the highest outcome for the quarter since 2008. Private equity dealmaking in Canada was led by two midmarket deals. In January, satellite and data distribution company Macdonald Dettwiler and Associates (MDA.TO) completed the C$850 million sale of its property information business to private investment firm TPG Capital.
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