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December 2011M&A News - November 2011
Posted in M&A News
We only came across three private M&A transactions this November, and two of them actually involved asset/subsidiary sales by publicly traded Canadian companies – the first of these was made by a clean energy company that decided to narrow its focus, while the other sale was made by a troubled company looking for some quick cash in order to help it deal with its debt load. The third deal this month was…
November 2011M&A News - October 2011
Posted in M&A News
There were five private M&A deals reported in October and the only all-Canadian deal took place in the financial sector. The remaining four deals were all of the cross-border variety, including IBM acquiring a company that was founded in Atlantic Canada, two acquisitions by...
July 2011M&A News - June 2011
Posted in M&A News
We only came across three private M&A deals this June and all of them were cross-border transactions. It is the lowest deal total that we have reported since October 2010, when we also saw only three transactions. Two of the deals involved a Canadian player acquiring a US company. One of the Canadian acquirers was a strategic while the other was a financial buyer. The third deal was...
June 2011M&A News - May 2011
Posted in M&A News
We came across six private M&A deals this May. All six of the deals were cross-border transactions. A rather uneventful month yet actually the second highest deal volume we have reported this year. Two of four Canadian companies acquired this month were bought out by private equity players while the other two were taken out by strategic buyers. Only one...
May 2011M&A News - April 2011
Posted in M&A News
April was not the busiest month on the M&A front, with only five private M&A transactions reported, but any time that two Canadian technology startups get scooped up by RIM and Google it gives Canada’s tech entrepreneurs some reason for optimism. Meanwhile, another technology company that was founded in Canada but has since moved its headquarters and sales operations to the United States, was acquired by BMC Software. The remaining two deals this month...
March 2011M&A News - March 2011
Posted in M&A News
There were eight private M&A transactions reported during March with six of them involving cross-border participants and all of the international deals involved a foreign buyer purchasing a Canadian target. In total, three of eight transactions involved the acquisition of a Canadian technology company while two of the remaining firms acquired…
February 2011M&A News - February 2011
Posted in M&A News
Things remained quiet on the M&A front as there were only four private M&A deals reported during February, bringing the yearly total to a mere eight reported transactions. Two of the acquisitions were made by an Ontario-based private equity group. On the cross-border front, RIM made an acquisition in the US, and a BC-based manufacturing firm was acquired by…
February 2011M&A News - January 2011
Posted in M&A News
Things were very quiet on the M&A front this January, with the second lowest deal total we have seen over the past six months. The big news was the acquisition of Toronto’s Adenyo by Motricity, a public US-based company, at a very lucrative multiple. The other three deals were all-Canadian affairs involving the strategic acquisition of a nutritional products company, a pension fund taking over a health services business, and a traditional private equity firm exiting an investment in a clothing manufacturer.
January 2011M&A News - December 2010
Posted in M&A News
There were nine private M&A deals announced in
December, on par with the nine deals announced in November and slightly above the
six deals reported in December 2009. The
interesting thing this December was that all but one of the deals reported were
cross-border transactions and the one transaction involving two Canadian
players was financed by a US-based PE shop.
Of the eight international deals, half involved a Canadian acquirer
while the other four involved a Canadian target. The acquisition of an international
infrastructure assed by an Alberta-based fund was the only deal involving a
Canadian party that is not headquartered in
M&A News - November 2010
Posted in M&A News
After only seeing three reported private M&A transactions in October, we came across nine such deals in November. Every transaction we came across this month involved an Ontario company – eight transactions involved an Ontario-based target and two transactions involved Ontario-based pension funds buying large assets in the UK. Five of the Ontario target companies were acquired by international buyers, three of which are based in California, bringing the total number of cross-border transactions to seven. In terms of sector focus, of the eight target companies in Ontario, three are in the IT space, two are in the food space, two are in education, and the eighth is in financial services.
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