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Thursday, May 26, 2011

CVCA-AimCo eyes up to C$700 million in private equity deals

The Alberta Investment Management Corp could spend as much as C$700 million ($715 million) on private equity acquisitions in the next 12 months, and as much as C$2 billion in the next three to four years. AimCo's chief executive, Leo de Bever, told Reuters he was currently looking at as many as three potential deals globally and in the mid-market range. He said he has people on the ground looking at assets in at least three geographic areas. "We've got two or three things on the go which, if they all come to fruition, could be between C$500 million and say C$700 million if they all fall into place," De Bever said on Wednesday in an interview as investors arrived for the annual Canadian Private Equity and Venture Capital Association (CVCA) conference, held this year in Vancouver. "We think at least half of that will fall into place."

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