Canadian M&A by the numbers
To understand Canadian M&A market statistics better one should appreciate the relatively small number of large and domestic acquisition targets. To illustrate this feature, compare the headline M&A statistics for 2018 globally against those for Canada. In 2018, worldwide M&A activity totalled US$4 trillion, representing an increase of nearly 20 per cent compared to 2017 global deal value. By number, worldwide deal count actually declined 8 per cent as compared to 2017, a three-year low in fact. These measurements alone highlight the increasing significance of mega and large deals in global M&A activity. When you contrast those global statistics with 2018 deal activity in the Canadian market, a different, and opposite, theme emerges. In 2018, the total announced Canadian deal value decreased slightly by 2 per cent from US$253 billion in 2017 to US$247 billion. However, Canadian M&A transactions by number announced in 2018 rose to a new annual record high of 3,415 transactions, an increase of 14 per cent as compared to Canadian M&A transactions (any Canadian involvement) announced in 2017.