Canada: Another record year for M&A

SUPPLEMENT - THE 2008 GUIDE TO MERGERS & ACQUISITIONS - April 01, 2008

The past year was a record one for Canadian mergers and acquisitions, with transaction volumes soaring to all time highs. However, the second half of 2007 was marred by the North American credit crunch, and transaction volumes suffered as a result. According to data compiled by Financial Post Crosbie: Mergers and Acquisitions in Canada, there was $370 billion worth of deals in 2007, up a staggering 44% over the record $257 billion of deals in 2006. But there were fewer transactions in the second half of the year and leveraged buyouts over $100 million involving financial buyers fell dramatically from 78 ($85 billion) in the first half of 2007 to 13 ($10.7 billion) in the second.

Most M&A practitioners expect reduced volumes and fewer leveraged buyouts in 2008 as the market continues to digest the large backlog of debt in the pipeline. Members of the M&A bar are hopeful...



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