Canada’s merger deals continued to slide during the third quarter

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Canadian mergers posted a third-straight quarterly decline, with 684 transactions in the third quarter, though the aggregate deal value increased to $63-billion

, parent company of restaurant chains such as Swiss Chalet, Harvey’s and The Keg, during the third quarter. Strip away those billion-dollar transactions, however, and lawyer John Clifford said a true slowdown in the Canadian M&A market is revealed.

The Crosbie & Co. report found middle market transactions – those valued less than $250-million – totalled 251 during the third quarter. That size segment represented 12 per cent of the aggregate value of all deals announced during the quarter, the report found, and led the overall decline, falling 8 per cent from the second quarter.are the main domestic driver of the slowdown, Mr.

Domenic Marino, national deals leader for PwC Canada, said 2021 was “an anomaly year” and that global deal values and volumes for 2022 are trending above the average from 2014 through 2019.

 

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