There was no shortage of mergers and acquisitions in 2017 as the elevated confidence of U.S. private equity firms spurred one of the highest volumes of Canada-U.S. deals in recent memory.
And there was more to the high volume of activity than private capital: Canada’s red-hot economy, an improving commodities market and the still-low Canadian dollar led to a surge in deals over the year.
But private equity was still king in 2017, pouncing on attractive transactions — and creating a boon for legal firms in the process.
“You have a lot of capital in the markets chasing a finite number of deals,” said Manny Pressman, chair of the corporate department at Osler, Hoskin & Harcourt LLP in Toronto. “So it’s become increasingly competitive for the private equity sector to source deals and invest in deals — and that is their raison d’être.”