Value of Canada’s M&A activity dropped in Q1 2018

The value of mergers and acquisitions in Canada fell 52.6% year over year during Q1 2018, says a report by Mergermarket. A total of 137 deals worth US$18.4 billion occurred in Canada in Q1 2018. In Q1 2017 there were 139 deals worth $38.7 billion (all figures are in U.S. dollars). The largest acquisition in […]

By Staff | April 17, 2018 | Last updated on April 17, 2018

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The value of mergers and acquisitions in Canada fell 52.6% year over year during Q1 2018, says a report by Mergermarket.

A total of 137 deals worth US$18.4 billion occurred in Canada in Q1 2018. In Q1 2017 there were 139 deals worth $38.7 billion (all figures are in U.S. dollars).

The largest acquisition in Q1 2018 was Choice Properties REIT’s purchase of CREIT in a $4.6 billion deal. Blackstone’s acquisition of Pure Industrial REIT for $2.9 billion was the second biggest deal.

The real estate sector had four deals worth $7.6 billion in Q1 2018.

Read: 3 Factors that could influence Canada’s 2018 M&A activity: PWC

Other sectors with significant M&A activity included:

Energy, mining and utilities had 23 deals worth $4.5 billion, a decrease of 82.7% by value with 10 fewer deals than Q1 2017
Transportation had three deals worth $1.7 billion
Pharma, medical and biotech had 12 deals worth $1.1 billion, compared to 13 deals worth $118 million in Q1 2017
Cannabis had five deals, an increase of one deal from Q1 2017

Read the report here.

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