Ben Fickling

Dec 9, 2024 | mondaq.com | Brian Gray |Mike Proudfoot |Taylor Cao |Ben Fickling

The use of exchangeable shares has become more prevalent in Canadian M&A transactions recently, particularly those involving private equity funds. We anticipate the use of rollover equity in the form of exchangeable shares to become even more popular in acquisitions of Canadian targets by foreign acquirors in 2025 and beyond.

Dec 20, 2023 | mondaq.com | Jeremy Fraiberg |Alex Gorka |Ben Fickling

Canadian initial public offering (IPO) activity boomed from 2018 to 2021, with transaction volumes peaking in 2021. A sizeable number of these IPOs were from technology-based companies that benefited from high valuations during the pandemic. By contrast, the last two years have been challenging for capital markets generally. This has especially been the case for many issuers that went public during the 2018-2021 period.