Foreign Takeovers Were Almost Half Of Canada's M&A Deals In 2007

The largest completed deal in 2007 was the acquisition of Alcan by Rio Tinto with a deal value of $37.6 billion, followed by the sale of Thomson Learning to private equity groups OMERS Capital Partners and Apax Partners. Canadian companies completed 527 foreign acquisitions valued at US $72.4 billion and 1,086 domestic acquisitions valued at US $63.6 billion. The number of foreign takeovers of Canadian companies amounted to 485, about 23 percent of all Canadian M&A activity by number, but approximately 49 percent by value or US $132.6 billion. "Resource transactions continue to dominate the largest Canadian M&A deals" said Peter Hatges a Corporate Finance Partner with KPMG in Toronto. KPMG predicts the trend for resource transactions will continue, despite lingering concerns about an economic slowdown in 2008. The rate of urbanization in developing countries is expected to continue to fuel demand for raw materials and resources making for a relatively vibrant M&A market in resources. ... http://www.kpmg.ca/en/news/pr20080107.html

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