In the Canadian financial services industry, there were 30 M&A deals announced in Q2 2023, worth a total value of $1.9bn, according to GlobalData’s Deals Database. The $1.1bn majority acquisition of westland insurance group by broadstreet partners was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Canada increased by 119% in Q2 2023 compared with the previous quarter’s total of $888.6m and rose by 5729% as compared to Q2 2022. Related deal volume increased by 15% in Q2 2023 versus the previous quarter and was 43% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Canada in Q2 2023 were Bank of Montreal; Evercore; Haywood Securities with 2, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Canada Q2 2023 were McCarthy Tetrault; Torys; Blake, Cassels & Graydon with 3, 3, 2 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.