TORONTO, (April 15, 2011) — The past 90 days in Canada have resulted in over $50 billion worth of deal announcements - 81% higher than the first quarter of 2010 and in line with the Q1 2007 high.
PwC’s Canadian Deals Leader Kristian Knibutat says: “It has been a very active quarter and we’ve seen more diversity in deal making. For the first time since the credit crisis, the top twenty deals of the quarter showcased a variety of different industries. But our view is that the overall M&A environment in 2011 is dramatically different than 2007.”
The PwC report suggests that 2011 will be very promising, but also points out some key differentiators between today’s post-crisis Canadian M&A market and the pre-crisis “boom.” Four trends are featured:
“China’s five-year plan and its new ‘emerging industry list’ is a positive from a Canadian perspective. We see key opportunities in sectors such as clean energy, health care, consulting services, finance and bio/nano technologies,” says Knibutat. Overall, there will be some good opportunities for Canadian businesses that are able to align their strategies with Beijing’s larger policy goals,” he says.
The full report can be accessed at: www.pwc.com/ca/QuarterlyDeals
About PwC’s Deal TeamPwC’s Deal Team (www.pwc.com/ca/deals) helps clients to achieve deal success—from concept to close and beyond. As part of the world’s largest Transaction Advisory practice , and with our global Corporate Finance group being 2010 Upper Mid Market M&A Advisor of the Year , the PwC Canada Deals Team is your gateway to an exciting new world of emerging M&A opportunities.
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Sources: S&P LCD, Capital IQ, Eurasia Group, Globe and Mail, the Economist, Financial Times, Bloomberg