April 30, 2014
Significant fundraising from investors and attractive valuations across a number of sectors: these are just a few reasons observers are speculating that 2014 may see plenty of M&A activity. Partner Sharon Geraghty was sought for her insight on a Canadian Business article on the current dynamics of the M&A landscape in Canada. Below is an excerpt of the article.
. . .things are starting to change. A quarter of the way through 2014, some $26.5 billion in deals are already in the works. Grupo Bimbo’s $1.5-billion play for Canada Bread, Mattel’s $438-million friendly offer for Mega Brands and Essilor International’s $364-million deal for Coastal Contacts are just a few of the high-profile transactions waiting to close. And there are more deals in the wings, says Sharon Geraghty, a partner with Torys LLP who specializes in mergers and acquisitions. One key reason is the availability of capital: Private-equity companies and pension funds are flush with cash, and acquisition lending is quite accessible. “All of that pent-up availability of money has got to find a home,” she says.
To read the full article, click here.