July 13, 2017
The Canadian M&A market has recently proved able to withstand what Lexpert magazine refers to as the current “turbulent political climate,” with transaction volumes continuing to rise higher than they have in the past five years.
Partner and co-head of Torys’ Mining and Metals Practice Michael D. Amm spoke with Lexpert about the resilience of the market and future projections for Canadian M&A. Below is an excerpt from the article.
It’s not that global instability has had no effect. “Compared to the situation pre-financial crisis, today’s transactions tend to be extremely strategic and aimed at allowing companies to either protect their existing positions or further develop their business plans,” Amm says. “On the whole, things seem healthier than they were back then.”
The trend is expected to continue upward as Canada benefits from being perceived as “one of the top five destinations globally in which to actively pursue acquisitions” worldwide. Such cross-border activity is contributing to Canada’s relatively stable M&A market. Michael comments that “[c]ross-border activity is definitely a highlight of the M&A landscape,” […] “Foreign investment across the board remains strong and speaks to Canada’s relative stability and attractiveness compared to the US and Europe.”
To read the full Lexpert article, click here.