The Canadian FS M&A Newsletter provides a market update and summary of key trends from the insurance, asset & wealth management, and banking sectors.
This Deal Advisory quarterly update focuses on the Canadian financial services M&A market. Each publication will provide a quarterly summary of the trends and highlights from the insurance, asset & wealth management, and banking/FinTech sectors.
Surveying the global financial services M&A landscape, there has been a decline in M&A activity. This is in part, driven by concerns of an economic slowdown and political uncertainty which have undermined buyer confidence resulting in many market participants delaying M&A activity. However, low interest rates, the easy availability of cash in the market to finance transactions, and continued economic growth should lead to a bounce back in M&A activity sooner rather than later.
Our view of the outlook for deal activity in Canada is cautiously optimistic for the remainder of the year. The concentration of Canadian M&A activity as well as the ongoing political and economic uncertainty which has impacted global markets create risk of a domestic decline. While Canada is not immune from these headwinds thus far it has held up reasonably well.
Click on the PDF below to read the full newsletter and find out more about where the market is headed in the remainder of 2019.