Category: Mergers & Acquisitions

Opportunities for U.S. Private Equity in Canada’s Energy Sector

March 14, 2016

The Canadian energy sector represents a unique investment opportunity for private equity investors seeking to invest in, or acquire outright, established energy assets at a discount to historical prices. The ability to capitalize on the discounted debt of oil and gas companies in a low-risk jurisdiction like Canada has never been more attractive. One of the many factors that make…

Legal Trends 2016: Oil & Gas

March 9, 2016

ONE | LOW COMMODITY PRICES As depressed oil prices continue to dominate the headlines and natural-gas prices hover near record lows, sustained low commodity prices have had a cascading effect on the industry, compelling companies to fundamentally alter their business strategies. Cash-flow management is among the areas most impacted. Without a steady income stream, companies are left with few options….

Legal Trends 2016: Mergers & Acquisitions

March 4, 2016

An unusually strong third quarter bolstered Canadian M&A activity, making 2015 the most active year in Canadian deal making since the 2007 market bubble. The value of Canadian deals announced to date in 2015 (all figures as of December 1, 2015) totalled approximately C$374.1-billion (US$293.5-billion), reflecting a 51 per cent increase over 2014 on an annualized basis. Deal volume also broke…

Finish Line in Sight: New Take-Over Bid Rules Are Coming

February 26, 2016

On February 25, 2016, the Canadian Securities Administrators published final amendments to the rules governing take‑over bids in Canada that mark the completion of the process to enhance the quality and integrity of Canada’s take-over bid regime and rebalance the current dynamics among offerors and boards of directors and security holders of targets. The final rule amendments substantively track the…

Legal Trends 2016: China

February 22, 2016

ONE | CHINA-LISTED FIRMS BECOMING BUYERS Buyers listed on the Shanghai and Shenzhen stock exchanges will become more active in the international M&A marketplace in 2016, creating new avenues for liquidity for Canadian investors and new challenges for Canadian dealmakers. Despite a well-publicized correction in June and ongoing volatility through the second half of 2015, China’s stock markets continue to…

Look Ahead: 2016 Legal Trends

January 8, 2016

  While global markets can be unpredictable, we have assembled some key legal trends that may help you prepare for what lies ahead in 2016.  ​​​​   Anti-Spam   Capital Markets  ​ China    Commercial Real Estate Cybersecurity Employment & Labour Financial Services Regulatory Intellectual Property International Trade   Litigation & Dispute Resolution   Mergers & Acquisitions   Oil &…

Mergers & Acquisitions: Trends to Watch in 2016

December 22, 2015

2015 AND LOOKING FORWARD An unusually strong third quarter bolstered Canadian M&A activity, making 2015 the most active year in Canadian deal making since the 2007 market bubble. The value of Canadian deals announced to date in 2015 (all figures as of December 1, 2015) totalled approximately C$374.1-billion (US$293.5-billion), reflecting a 51 per cent increase over 2014 on an annualized…

Back to the Future: Update on Cooperative Capital Markets Regulatory System’s Approach to Take-over Bids and Issuer Bids

December 15, 2015

Under the proposed cooperative capital markets regulatory system (Cooperative System), which would create a cooperative regulator involving the federal government and the governments of British Columbia, New Brunswick, Ontario, Prince Edward Island, Saskatchewan and Yukon (Participating Jurisdictions), existing provincial securities legislation will be replaced in the Participating Jurisdictions with uniform provincial capital markets legislation. We discussed the approach to the…

Canadian Public M&A Update

June 25, 2015

The past year has seen a number of important developments in Canadian public M&A. Blakes invites you to join us as we review and discuss: Topics: An update on public M&A, including highlights from the 2015 Blakes Public M&A Deal Study Proposed amendments to the Canadian take-over bid regime Recent case law on board processes Guest Speaker: Naizam Kanji, Director, Office…

Rep and Warranty Insurance in Canada: A Market-Driven Option for M&A Negotiations

June 22, 2015

  Canadian M&A practitioners are increasingly using representation and warranty (R&W) insurance as a competitive tool in deal negotiations. The insurance, which provides coverage for breaches of a seller’s representations and warranties discovered post-closing, has gained traction in the Canadian market following widespread use by financial investors in the United States and United Kingdom.   The proliferation of R&W insurance…