In 2021, Canadian M&A activity surpassed pre-pandemic levels in both transaction count and total implied enterprise value (EV). There were 2,117 Canadian companies sold in 2021, a historical record high. The total disclosed EVs of the 2,117 transactions were $117.7 billion, a 91% increase in comparison to the previous year. Of the transactions completed, 73% were domestic acquisitions, which is in line with historical averages.

Canadian M&A Insights – Winter 2022

Low interest rates, accelerated transaction timelines and abundance of capital in the market have been key factors in the 24% YoY increase in completed deals. Additionally, the median deal value sharply increased from $4.1 million in 2020 to $8.3 million in 2021 as deals under $50 million represented 77% of the deal count. Although megadeals represent only 5% of all transactions, they represented 75% of the total deal value.

Read our latest report for insights and trends in valuation multiples, cross-border transactions and M&A deal activity.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.