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Canada's Middle Market  M&A Update

Canada's Middle Market M&A Update – Q4 2023

Canadian M&A transactions declined from 362 to 348 in Q4 2023. However, the total transaction value doubled from $14.1 billion to $31.9 billion, signalling an increasingly optimistic market outlook.

Factors driving the increased capital deployment include a rate pause from the Bank of Canada in Q4, after seven consecutive increases in previous quarters, and a 0.5% decline in the Canadian Consumer Price Index.

Expect this trend to continue if anticipated interest rate cuts materialize in 2024. The growing consensus is that the overnight rate could be as low as 4% by the end of the year.

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Q4 2023 CF M&A Reports - Quarterly Industry Update Book

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.

Contact Our Corporate Finance Team

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.