JPMorgan tops Canadian M activity in energy
TORONTO, July 6 canada goose outlet store locations (Reuters) Canadian mergers and acquisitions rose about 13 percent to C$120.5 billion ($93.2 billion) in the first half of 2017, Canada Goose Parka driven by big ticket energy deals and robust cross border activity, according to Thomson Reuters data released on Thursday.
Despite strong initial canada goose coats on sale public offerings, overall equity capital deals fell 12 percent to C$26.9 billion in Canada Goose Outlet the first half from a year ago, the data showed.
JPMorgan, Toronto Dominion Bank and Goldman Canada Goose Coats On Sale Sachs took the top three spots in the M league tables rankings, while Royal Bank of Canada, canada goose clearance sale TD and Bank of Montreal were the top three advisers on Canadian equity issues in the first half of 2017.
Canadian companies canada goose clearance and pension funds have been seeking investment opportunities outside canada goose coats of Canada, and that is expected to keep M bankers busy in the second half.
see the financial cheap Canada Goose buyers the pension plans, asset canada goose replica managers Canada Goose sale continually active outside of Canada, said David Rawlings, head of JPMorgan canada goose store Canada.
The two biggest energy deals of the year so far were Cenovus Energy Inc roughly C$16.8 billion acquisition of ConocoPhillips oil sands canadagoosejacketca and natural gas assets and Royal Canada Goose sale Dutch Shell sale of most of its Canadian canadian goose jacket oil sands assets for $8.5 billion.
large international majors are looking to delever their balance Canada Goose Online sheet and sell non core assets, canada goose outlet toronto factory said Peter Buzzi, co head Canada Goose Jackets of Canadian canada goose black friday sale M at RBC. for many of them, 2018 canada goose outlet it appears Canada falls into that non core category, he added.
Canadian IPOs, which have been rebounding after a quiet 2016, rose to C$3.4 billion, the best first half in 11 years.
IPO pipeline looks strong, said Benoit Lauz, head of equity capital markets at CIBC. would be canada goose deals very significant appetite for good technology names, he added.
Kinder Morgan Canada C$1.75 billion IPO and Canada Goose canada goose Holdings Inc offering were some of the highlights in the first half.
But overall, the equity capital activity buy canada goose jacket cheap in the energy sector could slow because of choppiness in oil prices, bankers said.
have been generally taking a buy canada goose jacket risk off approach Canada Goose online and we seeing limited conviction that oil prices are going to be high in the near term, said Kirby Gavelin, head of equity capital markets at RBC. ($1 = 1.2923 Canadian dollars) (Reporting by John Tilak; Editing by Denny Thomas and Dan Grebler).