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Canada's Middle Market  M&A Update

Canada's Middle Market M&A Update – Q1 2023

M&A deal activity in Canada’s middle market was hampered in Q1 2023 by a combination of high interest rates, persistent inflation, and global economic instability. Transaction count took a moderate hit from 377 in Q4 2022 to 313 in the early quarter of 2023.

The Bank of Canada (BoC) raised the target overnight rate by 25 basis points to 4.5% in early 2023 on the heels of seven consecutive interest rate hikes in 2022. It is expected that the BoC will pause its tightening campaign and hold the rates steady as inflation continues to trend down.

Despite these outcomes, private equity firms with excess levels of dry powder are expected to keep M&A activity afloat as conditions stabilize in the year ahead.

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M&A Q1 2023 Report Cover

MNP Corporate Finance Services

MNP Corporate Finance is a leader in providing transaction advisory services and is committed to helping Canadian companies reach their full potential. Whether it’s assistance in selling your company, financing to fund your growth strategy, due diligence on an impending transaction, or other M&A activity — you require innovative and effective corporate finance solutions tailored to your specific needs.

With offices strategically located across Canada, our professionals bring a wealth of experience, expertise and integrity to every transaction. We strive to understand your unique needs while delivering customized strategies to help you achieve your business goals.

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Brett Franklin CPA, CA

President, MNP Corporate Finance

Brett Franklin, CPA, CA, is President, MNP Corporate Finance Inc. Based in Winnipeg, Brett develops and implements creative business strategies for clients in all industry sectors and in all stages of the business life cycle.

Brett’s primary role is facilitating the sale of companies, but he also provides support with business acquisitions, corporate restructuring and transactional due diligence.

With a diverse background in financial services, including banking, private equity, hedge funds and structured investment products, Brett has the knowledge and ability to resolve challenging financial issues and develop practical solutions to even the most difficult problems. He is adept at guiding clients at any level of the organization, helping them understand complex situations and providing expert business strategy advice.

Prior to joining MNP, Brett was Director of Hedge Fund Administration at UBS AG in the Cayman Islands. He holds the Chartered Professional Accountant (CPA) designation, qualifying as a Chartered Accountant (CA) in 2001, and a Master of Accountancy degree from the University of Manitoba. In his free time, Brett coaches minor hockey and baseball.