Quarterly M&A Insights | Bennett Jones bennettjones.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bennettjones.com Daily Mail and Mail on Sunday newspapers.
Quarterly M&A Insights | Bennett Jones bennettjones.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bennettjones.com Daily Mail and Mail on Sunday newspapers.
This quarterly review provides a snapshot of Canada s M&A landscape for Q1 2023. In addition, we will also take a look at some recent trends in Canadian M&A activity with a discussion on increased momentum for go-private transactions, developments in debt financing in M&A deals and cross-border de-SPAC transactions which are proving to be resilient.
The special purpose acquisition company SPAC IPO boom of 2021 fizzled in 2022 as SPAC IPO activity declined sharply a trend that will likely continue in 2023. In 2021, there were a record-breaking 613 SPAC IPOs whereas, as of March 2023, there have only been seven SPAC IPOs. This marked decrease in SPAC IPO activity has been driven by rising interest rates, inflation and changes in the regulatory landscape due to increased scrutiny by the SEC. That said, mergers between U.S.-listed SPACs and targets a de-SPAC transaction have proven to be more resilient than might be expected, as new business combinations are still being announced weekly.