PwC Capital Markets Flash

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Q2 2014

Big deals take centre stage as M&A rebounds in Q2

Deals up in value, volume after slow start to 2014

After a quiet first quarter, Canadian M&A activity accelerated in Q2. The second quarter saw 748 deals with a total value of $45.8 billion, a 10% increase in value and volume from Q1, and a 20% jump from Q2 2013.

We invite you to read our Q2 Capital Markets Flash to learn more about recent Canadian deal-making activity and our forward looking perspectives. We cover the big deals, cross-border deals and industry sector deal activity, with special features on energy supply wars, covering Russia’s supply deal with China; medical marijuana, a new and rapidly growing industry; food and beverage, which is bulking up in the protein sector; and the trucking industry, which is experiencing an uptick in M&A activity


Previous editions:

PwC Capital Markets Flash | Q1 2014
Top 10 largest deals included three in the energy sector, which returned to the top slot by value for the first time since Q4 2012.

PwC Capital Markets Flash | Q4 2013
Retail, real estate, utilities and pension fund activity were not enough to fill the gap left by a dearth of deals in Canada’s oil patch and mining companies.

PwC Capital Markets Flash | Q3 2013
Canadian M&A activity rose sharply in the third quarter of 2013 on a value basis, to US$54.8 billion from US$38.9 billion in Q2.

PwC Capital Markets Flash | Q2 2013
Despite a 62% increase in M&A activity in value terms over the previous quarter, Q2 2013 was the second quietest quarter since Q2 2010.

PwC Capital Markets Flash | Q1 2013
The first quarter of 2013 saw China’s growth slow, commodity prices tumble, and the Eurozone continue to struggle.

PwC Capital Markets Flash | Q4 2012
Despite a 9.6% decline in deal volumes in 2012, the aggregate value of announced deals climbed 10.5% to reach its highest level since the market peak in 2007.

PwC Capital Markets Flash | Canadian Economic Update
Although all the numbers are not yet in, it appears the Canadian economy will grow just over 2% this year, just a shade higher than forecast in the July Capital Markets Flash.

PwC Capital Markets Flash | Q3 2012
The third quarter of 2012 saw 599 announced Canadian M&A transactions worth $58.6 billion.

PwC Capital Markets Flash | Q2 2012
A state of “Canadian M&A anaemia” was the accepted wisdom during the volatile second quarter, especially in the headline "mega deal" resource segment.

PwC Capital Markets Flash | 2012 Outlook Scorecard
As we enter another Canadian summer, we thought it an opportune time to take a look back at our forecasts for the M&A market in 2012 and assess how our predictions have been panning out.

PwC Capital Markets Flash | Perspectives on Insurance M&A
Consistent with our expectations, mergers and acquisition (M&A) activity in Canada’s insurance industry continued to increase in 2011.

PwC Capital Markets Flash | Q1 2012
Against a backdrop of the slowest first quarter of global M&A in ten years, Q1 2012 continued to be a busy one for Canadian dealmakers.

PwC Capital Markets Flash | Notable Economic News
The economic outlook continues to be mixed going forward, with signs of stability in North America that will likely support a steady deal market for Canadian dealmakers.

PwC Capital Markets Flash | Q4 2011 and Outlook for 2012
For 2012, we anticipate that, absent a tail event, Canadian M&A will continue to move forward at a measured pace. This report sets out key trends from 2011, as well as five specific expectations for Canadian M&A in this New Year.