Robert Carelli discusses financing technology growth post-COVID-19 with Lexpert magazine

May 19, 2020
Robert Carelli, M&A partner and Head of the Montréal office’s Corporate Group, recently spoke to Lexpert to discuss how technology companies are funding growth during the pandemic.

“Pre-COVID-19, tech companies had lots of choice between private capital and public markets”, he expressed. “Post-COVID, from the private side, there may be some interesting valuations and opportunities out there, and some private capital might be deployable at lower valuations than pre-COVID. Once things stabilize, what we saw pre-COVID is going to continue and that quality technology company will continue to attract both private and public equity capital.”

Robert also shared his expectations regarding the future of IPOs in the technology sector: “I expect that, post-COVID, technology companies may become a hot sector, in big demand. We’re all working remotely now and will need more and more technology.”

“There were always private equity or private equity/institutional shareholders that were very technology focused. I think what’s changing is that you’re seeing other more conventional, other private equity firms taking an interest in technology, and so the effect is that there’s an abundance of capital that’s interested in technology. And so that’s been very, very good, especially for Canada, because Canada has a very strong basin of founders who have started out and grown fabulous technology companies that attracted capital from around the world”, Robert concluded.

The article was published in Lexpert magazine’s Special Edition on Technology which also recognized 29 of the firm’s Lexpert-ranked lawyers who serve that industry. This recognition supports our Technology Group’s strong position in the field and our lawyers’ dedication to deliver legal excellence to our clients in the technology industry.

Read the full article here.