Today's mergers & acquisitions environment
0 likes127 views
BizON had the honour of sponsoring the Business Transition Forum! We would like to share some valuable information with our audience from the forum in case you did not have the opportunity to attend!
Today's mergers & acquisitions environment
- 1. Matt Barasch, CFA Chief Canadian Equity Strategist RBC Capital Markets TODAYS MERGERS & ACQUISITIONS ENVIRONMENT
- 2. Background Drivers Headwinds TODAYS MERGERS & ACQUISITIONS ENVIRONMENT
- 3. Background
- 4. Source: Bloomberg, RBC Capital Markets $0 $50 $100 $150 $200 $250 $300 $350 Canadian M&A (in bns) Resource Blip Change to ICA
- 5. Drivers
- 6. Low Growth Competitive pressures Access to capital Currency One-off factors Drivers
- 7. Source: Haver Analytics, RBC Capital Markets -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Q3-09 Q3-10 Q3-11 Q3-12 Q3-13 Q3-14 Q3-15 Canada GDP (quarterly y-o-y)
- 8. Source: Haver Analytics, RBC Capital Markets $0 $10 $20 $30 $40 $50 $60 Canadian Secondary Equity Offerings (in bns)
- 9. Source: Haver Analytics, RBC Capital Markets $0.60 $0.65 $0.70 $0.75 $0.80 $0.85 $0.90 $0.95 $1.00 $1.05 $1.10 2000 2002 2004 2006 2008 2010 2012 2014 2016 USD per CAD
- 10. Low Growth Competitive pressures Access to capital Currency One-off factors Drivers
- 11. Headwinds
- 12. Investment Canada Act Various National Acts: Telecom, Broadcasting, Utilities, et al Lack of opportunities in hot sectors Access to capital Headwinds
- 13. Source: Bloomberg, RBC Capital Markets 0% 5% 10% 15% 20% 25% 30% 35% 40% Staples Tech Financials Energy Telco Sector Breakdown U.S. M&A 2015 ($2.5 TN in deals)