PwC Capital Markets Flash
Volume 5, Issue 12 | July 18, 2012
Q2 Report: 91 days, 721 deals, $47.7 billion
A state of “Canadian M&A anaemia” was the accepted wisdom during the volatile second quarter, especially in the headline “mega deal” resource segment. However, perspective is key to assessing if the M&A glass is half full or half empty.
- Many Canadian entities are combating slow domestic growth via penetration into foreign markets. This quarter saw the value of Canadian acquisitions into foreign markets hit $21.8 billion, one of the highest outbound tallies on record.
- When segmented by deal size, the overall drop-off in announced M&A during Q2 was led by a decline in mega deals, with the middle market segment picking up the slack.
- Real estate and energy continue to see a flurry of M&A activity as diversified financials narrowly miss the top five.
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