TORONTO, January 29, 2013 — 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. Overall, there were 2,811 announced M&A transactions worth $210 billion in 2012 according to PwC’s latest deals report: 2012 Year in Review: Q4 Deals Quarterly and 2013 Outlook.
“The key driver behind this growth has been a resurgence of activity in deals valued at over $1 billion,” commented Nicolas Marcoux, Canadian Deals Leader, PwC. “These ‘mega-deals’ accounted for $123 billion in 2012, an increase of some $30 billion over 2011, which compensated a modest decrease in the aggregate value of sub-$1 billion M&A activity.”
The resource industries and the real estate sector continued to dominate in 2012:
Looking forward, Marcoux sees good prospects for sustained growth in the Canadian M&A market thanks to low interest rates, a surplus of cash both on corporate balance sheets and in the hands of pension and private equity funds and plenty of liquidity in the debt market.
Other perspectives in PwC’s 2012 Year in Review: Q4 Deals quarterly and 2013 Outlook include:
PwC’s 2012 Year in Review: Q4 Deals quarterly and 2013 Outlook is available at http://www.pwc.com/ca/en/deals/canadian-quarterly.jhtml. For more information, please visit: www.pwc.com/ca/en/retail-consumer/index.jhtml. A copy is also available from the media contacts.
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PwC’s Deals 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, the PwC Canada Deals Team is your gateway to an exciting new world of emerging M&A opportunities.
About PwC Canada
PwC Canada helps organizations and individuals create the value they’re looking for. More than 5,700 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 180,000 people in 158 countries. Find out more by visiting us at www.pwc.com/ca.
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