Law360 Canada quotes Toronto lawyer Gesta Abols in an article on Canadian PIPE deal point study.
The rising share of deals including the issuance of common equity may not continue into 2023, said Gesta Abols, partner at Fasken Martineau DuMoulin LLP and one of the authors of the report.
The issuance of common equity in PIPE deals was largely a result of investor optimism that existed at the start of 2022 before rising inflation and the war in Ukraine "became big stories".
"I anticipate a shift back to more conservative structures this year (i.e., convertible preferred shares and debt)," he told Law360 Canada in an email.
