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Canada's Middle Market  M&A Update

Canada’s Middle Market M&A Update – Q2 2023 

Canada’s Middle Market M&A activity saw a boost in Q2 2023 as total transaction count soared to 440 transactions from 337 transactions in Q1 2023. A combination of stabilizing economic conditions and surplus levels of dry powder at private equity firms is expected to keep M&A activity robust as the year advances.

In an effort to rein in inflation, the Bank of Canada (BoC) raised the target overnight rate by 25 basis points to 4.75% during the quarter, making it the second interest rate hike of the year.

Canadian Real Gross Domestic Product also grew modestly by 0.5% in the quarter while the Consumer Price Index decreased to 2.8% as of June. The unemployment rate rose slightly from 5.0% to 5.2% despite the 84,000 new jobs that were added to the economy in Q2 2023.

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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.