Doing Business in Canada
Corporate / M&A Law

Doing Business in Canada | Canadian M&A Trends and Insights

Some will remember 2018 as a year of rising interest rates, protectionist fears, and increasing political and economic uncertainty. However, recent reports – including reports from Duff & Phelps and PricewaterhouseCoopers – indicate that 2018 was another strong year for mergers and acquisitions activity in Canada facilitated by abundant capital, a growing economy, and low unemployment.

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Franchise M&A | 3 High-Level Considerations
Corporate / M&A Law, Franchise & Distribution Law

Franchise Mergers & Acquisitions | 3 High-Level Considerations

Franchise businesses have increasingly become a focus of M&A activity. This is in part due to greater interest and investment from private equity.

The franchise business model is by its nature unique.

Understanding its framework – and its moving parts – is paramount when engaging in any franchise M&A transaction.  

In this inaugural post of the series, we address 3 high-level considerations to bear in mind for a franchise M&A deal.

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Corporate / M&A Law, Franchise & Distribution Law

10 Potential Deal Breakers for Sophisticated Investors Looking to Acquire Franchise Systems

deal-breakerThe investment community has been increasingly interested in franchise systems as potential targets. They present a valuable investment proposition for strategic and financial investors. The appeal of robust, long-term, and diversified royalty income streams, proven business concepts, potential for scalability and expansion, shared expansion costs (i.e. with franchisees), and the goodwill and strength of an established brand has caught the attention of private equity funds, family offices, and other sophisticated acquirers. Continue reading

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Corporate / M&A Law, Franchise & Distribution Law

Doing Business in Canada Series – Part 5: Securities Law and Corporate Governance in Canada

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Securities Law

Canada has a sophisticated capital markets system. Securities of both Canadian and foreign public companies can be listed and traded on several of Canada’s stock exchanges. The largest stock exchange in Canada is the Toronto Stock Exchange (TSX). Continue reading

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Corporate / M&A Law, Franchise & Distribution Law

Getting the Deal Through – Franchise 2018 – Franchise M&A

Franchise 2018 GTDTFranchise systems present a valuable investment proposition for both strategic and financial investors. The franchise business model as an expansion strategy has been on the rise across the globe for many years, and its growth together with its contributions to national gross domestic product (GDP) and job creation have outperformed other sectors and business models. Moreover, franchise systems have progressed well beyond traditional quick service restaurants to many other industries and sectors. Unsurprisingly, franchise businesses have increasingly become a focus for M&A deals, some of them large and complex. Take, for example, the recent Burger King C$14.6 billion acquisition and tax inversion involving Tim Hortons. Continue reading

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Corporate / M&A Law, Franchise & Distribution Law

Getting the Deal Through – Mergers & Acquisitions 2017 – Franchise M&A

GTDT Mergers & AcquisitionsFranchise systems present a valuable investment proposition for both strategic and financial investors. The franchise business model as an expansion strategy has been on the rise across the globe for many years, and its growth together with its contributions to national gross domestic product (GDP) and job creation have outperformed other sectors and business models. Moreover, franchise systems have progressed well beyond traditional quick service restaurants to many other industries and sectors. Unsurprisingly, franchise businesses have increasingly become a focus for M&A deals, some of them large and complex. Take, for example, the recent Burger King C$14.6 billion acquisition and tax inversion involving Tim Hortons. Continue reading

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Corporate / M&A Law, Franchise & Distribution Law

Doing Business in Canada Series – Part 2: Business Structures

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Several different business structures may be used to conduct business in Canada. Non-residents looking to engage with Canadian businesses, or those intending to carry on business in Canada, should familiarize themselves with such structures. Continue reading

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