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Canada's Middle Market  M&A Update

Canada's Middle Market M&A Update – Q4 2022

Canadian Middle-Market M&A activity remained resilient in Q4 2022, despite further interest rate hikes by the Bank of Canada (“BoC”) to help rein in persistent inflation. The BoC raised the target overnight rate by 100 basis points during the quarter, to 4.25%, which marks the seventh consecutive increase in 2022 and the highest overnight rate since early 2008. Increased interest rates have weighed down on investor confidence, as higher borrowing costs have reduced consumer spending and business investment. In spite of these headwinds, total transaction count only fell slightly from 382 transactions in Q3 2022 to 362 transactions in Q4 2022.

Despite inflationary pressures and recessionary caution, M&A activity in Canada is anticipated to remain robust in 2023 as private equity firms with high levels of dry powder and active industry consolidators take advantage of strategic opportunities.

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Middle Market M&A Update Q4 2022

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.