50 | LEXPERT • June 2019 | www.lexpert.ca/usguide
With so many large iconic Canadian companies from Alcan,
Seagram's, Inco and Stelco, to Molson, Tim Horton's and
Hudson's Bay sold to foreign buyers, Canada has become a
mid-market economy. And the deal landscape reflects that,
not just in who's buying but how deals are going down,
M&A practitioners say.
"ere are a lot of companies here ripe for investment
by US companies and private-equity firms that can write
checks for C$300 million to C$500 million," says Emman-
uel Pressman, chair of the corporate department at Osler,
Hoskin & Harcourt LLP. "ere are billion-dollar deals
to be sure, but they are fewer and far between. ey're not
driving business."
US private-equity funds bloated with new financings are
beating the bushes in Canada, competing with domestic
Canada's
Fast-moving
M&A Market
AN 80¢ DOLLAR AND
THE CANNABIS RUSH
HAVE LURED INVESTORS
TO CANADA FROM
AROUND THE WORLD.
BY SANDRA RUBIN
M&A
PHOTO:
SHUTTERSTOCK
