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Canadian Market Recap: Week Ended January 12

  • Posted By: Ted Pispidikis, Ty Wilson, Gavin Ockrant, Louis Goldberg and Paris Aden

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Market Update

Forty-six Canadian M&A transactions closed this past week. Year to date, M&A closed deal count is 3.4% higher than the comparable period in 2017. The Canadian dollar depreciated by 0.79 cents, ending the week at 80 cents. The TSX underperformed the S&P 500 by 2.8% in U.S. dollar terms. WTI Crude oil rose by 4.6%, ending the week at $64.23 per barrel.

According to The Lead Left, the lending market is projected to increase from an already high 2017 level. Approximately 16% of the $170 billion lending market in 2017 was derived from LBO issuances – behind only 2007 for the highest level on record.

 

Canadian M&A Transactions [1]

Industrials (Announced)

First Lithium Minerals to Acquire PetroCorp Group

First Lithium Minerals Inc., a Canadian company that offers exploration and development of lithium projects in Chile, has agreed to acquire PetroCorp Group Inc., a BMO Capital Partners-backed Canadian company that does not have significant operations. No transaction terms were released.

RGA to Acquire LOGiQ3

RGAx LLC, an American company that develops tools, data, products, and digital platforms for insurance companies, has agreed to acquire LOGiQ3 Inc., a Canadian company that offers consulting and outsourcing services for life insurance underwriting, claims, and life and health reinsurance administration. No transaction terms were released.

Industrials (Closed)

VineView SAI has Acquired SkySquirrel Technologies

VineView SAI, Inc., an American company that provides agricultural aerial imaging and photography in the Napa Valley, has acquired SkySquirrel Technologies Inc., a Canadian company that develops drone-based aerial imaging solutions for monitoring crop health. No transaction terms were released.

Groupe Constructo has Acquired Compendium Contech

Groupe Constructo, a Canadian company that publishes newspapers, journals, and magazines with focus on the construction industry, has acquired Compendium Contech Ltée, a Canadian company that offers training, trade show planning, networking events, and competitions for building managers, architects, engineers, builders, manufacturers in the construction industry. No transaction terms were released.

Healthcare (Closed)

Croda International has Acquired Nautilus Biosciences Canada

Croda International plc (LSE:CRDA), a U.K-based company that produces and sells specialty chemicals worldwide, has acquired Nautilus Biosciences Canada Inc., a company that discovers and develops marine-derived natural products with applications in human and animal health. No transaction terms were released.

Financials (Announced)

MJardin Investment to Acquire Sumtra Diversified

MJardin Investment, LLC, an American company that provides consulting services for the marijuana industry, has agreed to acquire Sumtra Diversified Inc., a Canadian company that does not have significant operations. No transaction terms were released.

Transcontinental Gold to acquire Marvel Dragon Holdings

Transcontinental Gold Corp., a Canadian company that intends to identify and evaluate assets or businesses with a view to complete a qualifying transaction, has agreed to acquire Marvel Dragon Holdings Limited, a Hong-Kong-based company that does not have significant operations. No transaction terms were released.

Information Technology (Announced)

Datametrex AI to Acquire Shoptalk Analytics Group

Datametrex AI Limited (TSXV:DM), a Canadian company that focuses on the collection of big data from retail point of sale (POS) terminals, has agreed to acquire Shoptalk Analytics Group Inc., a Canadian company that develops hardware and software solutions for point-of-sale (POS) data collection from pharmacies. Total transaction value is estimated to be $4.0 million.

Information Technology (Closed)

The Toronto-Dominion Bank has Acquired Layer 6

The Toronto-Dominion Bank (TSX:TD), a Canadian company that, together with its subsidiaries, provides various personal and commercial banking products and services across North America, has acquired Layer 6 Inc., a Canadian company that offers a platform to deploy the machine learning solutions through an artificial intelligence prediction engine for enterprise data. No transaction terms were released.

Spiria Digital has Acquired Spiria Toronto

Spiria Digital Inc., a Canadian company that develops digital software solutions, has acquired Spiria Toronto, a Canadian company that develops custom software. No transaction terms were released.

Real Estate (Closed)

Altus Group has Acquired New Market Real Estate Group

Altus Group Limited (TSX:AIF), a Canadian company that provides independent advisory services, software, and data solutions to the commercial real estate industry, has acquired New Market Real Estate Group LLC, a U.S-based company that offers real estate advisory services. No transaction terms were released.

Other (Announced)

Future Farm Technologies to Acquire Bristol County Wellness Center

Future Farm Technologies Inc. (CNSX:FFT), a Canadian company that operates as an indoor plant growth technology company in North America, has agreed to acquire Bristol County Wellness Center, Inc., a U.S-based company that provides traditional medical care with prevention, rehabilitation, fitness, education, and wellness services. Total transaction value is estimated to be $6.3 million.

Other (Closed)

9 Story Media Group has Acquired Out Of The Blue Enterprises

9 Story Media Group Inc., a Canadian company that creates, produces, and distributes animated and live action content for young audiences worldwide, has acquired Out Of The Blue Enterprises LLC, a U.S-based company that creates children's educational media across content creation, TV production, digital applications, and consumer products. No transaction terms were released.

Venanpri Tools has Acquired Burgon & Ball

Venanpri Tools, a Canadian company that produces and distributes thousands of manual hand tool products for professional and consumer use in the agricultural, gardening, construction, and industrial segments, has acquired Burgon & Ball Limited, a U.K-based manufacturer and supplier of premium gardening, agricultural, and giftware products. No transaction terms were released.

EquiSoft has Acquired Planist

EquiSoft, a Canadian company that provides information technology (IT) consulting services for financial and media and entertainment industries across North America, has acquired Planist Ltd., a Canadian professional services organization providing both functional and technical consultancy services to its clients. No transaction terms were released.

McIntosh Perry Consulting Engineers has Acquired ARA Engineering

McIntosh Perry Consulting Engineers Ltd., a Canadian company that offers consulting engineering services and technical solutions, has acquired ARA Engineering Ltd., a Canadian company providing engineering consulting services. No transaction terms were released.


[1] Includes all M&A transactions in which either the target or buyer is a Canadian private company.

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