Tag archives: cross-border M&A

M&A Opportunities in the COVID-19 Digital Transformation

By nrfdigitalteam on Posted in M&A, Technology and innovation
While the COVID-19 pandemic initially had a general chilling effect on merger and acquisition (“M&A”) activity, we have seen an increase in M&A activity recently, particularly as industries rapidly adapt to the new environment and consider opportunities. Both consumer preferences and business models have been forced to change quickly due to the circumstances of the … Continue reading

COVID-19 Series: Considerations and Modifications of Certain Provisions in M&A Agreements (Valuation and Post-Closing Pricing Mechanisms)

By nrfdigitalteam on Posted in M&A
In recognition that businesses are adjusting to their “new normal” and some companies are exploring acquisitions or divestitures as opportunities to strengthen their bottom line, we will be publishing a series of blogs aimed at highlighting some of the considerations and key drafting areas in a purchase and sale agreement that parties to Canadian private … Continue reading

NAFTA 2.1: Bringing certainty to an uncertain time

Photo of Olga Lenova (Toronto)By Olga Lenova (Toronto) on Posted in M&A
If there is anything that Canadian dealmakers are all too familiar with in 2019, it’s the concept of uncertainty. Raging trade wars, geopolitical tensions, elections, and a forecasted economic downturn are all pervasive in everyday conversation. Despite this, deal flow has remained robust throughout the first three quarters of 2019, as summarized in a recent … Continue reading

Dealing with pending or threatened litigation in M&A

By nrfdigitalteam on Posted in Litigation, M&A
A significant consideration when considering an M&A target can be the impact that pending or threatened litigation has on the proposed transaction. While some organizations may balk at the idea of acquiring a target that is (or is likely to be) the subject of a lawsuit, such companies are often available at significant discounts to … Continue reading

Cybersecurity in M&A Transactions: Friend or Foe?

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in M&A, Privacy and data protection, Technology and innovation
The heavy reliance on technology in today’s data-driven world means that cybersecurity threats must be taken seriously. More specifically, with respect to M&A transactions, a target’s cybersecurity mechanisms have become an important part of the due diligence consideration. Indeed, it is important to have a firm grasp on the nature and extent of a target’s … Continue reading

Canadian M&A Q3 2019 Review: Canadian M&A activity remains strong despite a slight decline in transaction volume

By nrfdigitalteam on Posted in M&A
Crosbie & Company’s “Crosbie & Company Canadian Mergers & Acquisitions Report for Q3 2019” (the Report) reviews the minor slowdown in Canadian M&A activity in Q3 2019 following a record-breaking second quarter. While deal activity declined slightly in Q3 (776 announced transactions compared to 886 in Q2), the Canadian M&A market remained robust, posting its … Continue reading

Outlook for 2019: cross-border M&A and post-merger integration

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in M&A
Despite a general environment of uncertainty, 2018 was quite active in the cross-border M&A arena. However, observers expect a global drop for this year, especially for the mega-deals (i.e. transactions with deal values exceeding $10 billion) amid uncertainty over Brexit and the threat of globe trade wars. Accordingly, acquirers are increasingly focusing on domestic deals rather … Continue reading

U.S. M&A: full speed ahead for 2019

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in M&A
Optimism is the name of the game for the U.S. M&A market. A recent report by Deloitte cites positive tax reform, a relaxed regulatory climate and growing cash reserves as the primary reasons for expecting 2019 to be a big year for M&A. 79% of the 1,000 U.S. corporate executives and private equity firms surveyed … Continue reading

Gauging the impact of a Canada-U.S. trade war on cross-border M&A

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in Cannabis, M&A
On May 31, 2018 the United States (U.S.) government announced that it would be imposing tariffs on a number of Canadian products, including steel and aluminum at a rate of 25% and 10% respectively. In response, the Canadian government imposed its own surtaxes of approximately C$16.6 billion on imports of steel, aluminum, and other products from … Continue reading

Legal update: new European data privacy law comes into force on May 25, 2018

Photo of Mark Bissegger (Toronto)By Mark Bissegger (Toronto) on Posted in Antitrust, competition and regulatory, M&A
On May 25, 2018 the European Union’s General Data Protection Regulation (GDPR) will come into force. The GDPR will create new requirements for Canadian companies that handle the personal information of European individuals. The GDPR also allows for heavy penalties to be imposed on organizations that fail to comply with this new regulatory regime. Based … Continue reading

Are megadeals coming back?

By nrfdigitalteam on Posted in Antitrust, competition and regulatory, M&A
The year of 2017 witnessed a worldwide slowdown in the number of megadeals[1]. According to a recent Mergermarket Report (the Report), the global total for the number of deals worth US$4 billion or more decreased from a peak of 158 in 2015 and 133 in 2016 to 129 in 2017.  In Canada, the number of … Continue reading

Regulatory reform signals potential spike in M&A activity involving US financial institutions

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in Financial institutions, M&A
On March 14, 2018, the US Senate voted (67-31) to advance S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Bill). The Bill, which will only become law with approval from the House and Congress, marks an unprecedented, bipartisan compromise to ease banking rules enacted following the 2008-09 financial crisis. If enacted, there may soon … Continue reading

Cross border M&A in 2017

Photo of Troy Ungerman (Toronto)By Troy Ungerman (Toronto) on Posted in M&A
Following the surge of mergers and acquisitions in the final quarter of 2016, many attempted to predict whether 2017 would follow suit. For instance, the Financial Times anticipated that the increase in mergers and acquisitions would carry into 2017. Similarly, JP Morgan forecasted that companies would adapt and cross-border deals would continue to surge, despite political changes and … Continue reading
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