As the COVID-19 pandemic swept across the world in Q1 2020, volatility in the markets increased, which affected M&A deal flows. While the beginning of Q1 was relatively normal, the tail end of the quarter saw shutdowns across the world. The impact of these shutdowns will likely not be fully
Investment Banking
Introduction to Fairness Opinions
What is a fairness opinion? A fairness opinion evaluates the financial fairness of the price an acquirer is offering a target during a transaction seeking to take control of the target (acquisition, takeover, merger, etc.). [i] A fairness opinion may also be used when a public company is divesting one of
Investment Banking Fee Study
Canada M&A Roundup Q4 2019
Contribution from Kirill Sukhikh, Edited by Vlad Kovalenko Canadian M&A market in the fourth quarter has seen a decrease in aggregate deal value by $8.8B comparing to the previous quarter. 677 deals valued at $69.8B were announced over the third quarter. Consumer Cyclical sector accounted for $17.27B, Financial sector for $16.24B
Canada M&A Roundup Q3 2019
Canadian M&A market remained robust in Q3, even though experiencing a slight decline after an outstanding second quarter. During the third quarter, 665 transactions valued at $61.2B were announced. While the Canadian buyers were less active during the quarter, the foreign companies continue to be interested in Canadian businesses. During
US M&A Roundup Q3 2019
Q3 2019 EMEA PE-backed M&A Roundup
Leveraged Finance Debt Capital Markets in Asia
Written by a bulge bracket investment banker in Asia Capital Markets in Asia Pacific Asia is the largest population center in the world and has the fastest growing economies. China and India need no introduction, but Southeast Asia (Vietnam, Indonesia, Malaysia, Thailand – and a little later Cambodia, Laos and Myanmar) also
Financial Sponsors Group
Financial Sponsors Group in Investment Banking Financial sponsors (“Sponsors” or private capital) is an investment banking “coverage” group similar to oil and gas or technology – however, sponsors are not an industry. A financial sponsor is synonymous with private equity, but also includes hedge funds and asset managers. The financial sponsors group
US M&A Roundup Q2 2019
Although the overall number of transactions moderated in the second quarter, there was an uptick in the mega deals. Deal volume reached $839.2bn, up 27.4% and 11.5% from the first quarter of 2019 and the second quarter of 2018 respectively. Consumer Noncyclical, Industrial and Energy sectors drove the majority of