Articles - December 2018

  • Over the past few months, “Bitcoin” has become a global buzzword, often associated with either incredible wealth creation, or scandal and dismissiveness. The concept of a decentralized currency is both a fascinating and polarizing subject. It has received public endorsements from the likes of Peter Thiel, Goldman Sachs, and even Paris Hilton and Floyd Mayweather. It has also received polarizing disapproval from Jamie Dimon, CEO of J.P. Morgan and Chinese government regulators. The concept of Bitcoin is such a profound and fascinating topic that the search term “Bitcoin” has surpassed the total “Justin Bieber” searches on Google since August 2017.

    In this three-part series, we will stay away from ‘Bitcoin Mania’ and focus on the underlying technology behind Bitcoin: Blockchain. More specifically, we will outline five potential use-cases for blockchain technology in M&A, with an emphasis on how blockchain can improve rather than compete with the current infrastructure.

    Please "Open in Browser" to read our full article.

    Open in Browser Read More
  • Cross-Border M&A: The Critical Role of Due Diligence

    Posted By: Karen Fisman and Miranda Li

    Dealmakers are reaching across borders, seemingly undaunted by political uncertainty. In Q2 2017, global cross-border deal value was up 49% over the previous year, accounting for 47% of total global value and 36% of volume. In Canada, cross-border transactions accounted for more than half of total activity by both value and volume.

    As deal makers accelerate their cross-border activity, the due diligence process becomes more critical than ever in addressing risks inherent in those transactions. We spoke with Michael O’Neill, a Director at Stone Arch Capital, about his experience with U.S./Canadian cross-border deal making, and the unique concerns that need to be addressed during the due diligence process.

    Please "open in browser" to read our full article.

     
     
    Open in Browser Read More
  • Selling Your Business: What do Buyers Look For?

    Posted By: Clear Li and Karen Fisman

    When business owners consider a sale of their company, a common first question is: “How much is my company worth?” The answer is guided by the elements that buyers look for when they assess the value of a business. So, from a buyer’s perspective, what makes a company an attractive acquisition target?  

    A recent study by Intralinks and the M&A Research Centre at Cass Business School in London provides some answers to this question. Additionally, Paul Eldridge, a partner at Fulcrum Capital Partners, shared insights with us, gleaned from his extensive experience as a private equity investor. 

    Please "Open in Browser" to read our full article.

    Open in Browser Read More
  • Canadian M&A: Our Q3 2017 Review

    Posted By: Peter Yuan and Karen Fisman

    Canadian M&A deal value plummeted in Q3 2017, but we don’t see this as a signal that buyers are running for the hills…at least not in the Canadian middle market. We explore this and other themes, as we take a closer look at Canadian M&A announced deal activity for Q3 2017 and for the first nine months of this year. 

    We also share a few expert insights on Canadian mid-market M&A from Mario Nigro, a partner in the Merger & Acquisitions and Private Equity & Venture Capital Groups at law firm, Stikeman Elliott, and Jake Bullen, a partner in the Business Law Group and Chair of the Private Equity Group at Cassels Brock. 

    Please "Open in Browser" to read our full article.

    Open in Browser Read More
  • This article is Part 1 of a 2-part series about driving growth in new acquisitions against the backdrop of today’s challenging M&A landscape. With valuations at record highs, it is more critical than ever for buyers to develop realistic growth plans for their target acquisitions. Part 1 of this series considers the steps buyers can take during the due-diligence stage to establish realistic grow objectives. Part 2 will explore a post-acquisition action plan for buyers aiming to meet their growth objectives.

    Historically, 70 to 90% of M&A transactions fail to create value. In addition, potential buyers, both strategic and financial, now find themselves having to pay more for targets than ever before, with valuations in the global M&A market reaching record highs. Combining this propensity for deal failure with sky-high valuations, it is more critical than ever for buyers to realize growth in their acquired companies. With this challenge in mind, Valitas recently sat down with Todd Blair, Founder & Managing Partner of GrowthPoint, a Canadian advisory firm specializing in the planning and execution of growth strategies.

    Please "Open in Browser" to read our full article.

    Open in Browser Read More

Sign Up to Receive Valitas Publications

Subscribe