Business in Vancouver quotes Vancouver lawyer, Iain Mant, in an article on M&A/Corporate Finance market trends and how COVID-19 is expected to impact the market.
Nearly all companies that had embarked on a formal sale process have put those plans on hold. Instead, they are either retrenching and focusing resources on existing operations or waiting to complete the transaction later because of the valuation uncertainty in the market, according to Iain Mant, M&A lawyer with Fasken.
“Transactions where there’s a natural strategic synergy between the buyer and seller that is unrelated to the existing economic uncertainty caused by Covid-19 – those transactions still seem to be occurring across a range of sectors where one entity recognizes that someone’s [asset] is strategic to their future and their operations.”
