CFA Society Lunch - Crosbie tells the outlook for M&A activity in Canada

Selling and Buying, Mergers and Acquisitions, Financing Strategies and the Outlook for Private Equity

Date:  Thursday, May 16, 2013Time: 12:00pm to 2:00 pm
Location:  The National ClubFunction Type: Luncheon Seminar

OVERVIEW

Presentations by the  senior management  of specialty investment banking firm Crosbie & Co. Inc will cover the outlook for M&A activity in Canada, examine  trends in Private Equity  and  explore the wide range of liquidity strategies that are possible for business owners as well as  the factors that need to be considered in order to achieve a successful outcome.  Through various case studies, Crosbie’s management  will share their experiences in a variety of situations where different financing opportunities were identified and then achieved for a range of Canadian companies.  Crosbie will also highlight the key issues that need to be managed throughout such processes and how an advisor can add value. With more than 2.5 million owners of medium sized businesses in Canada beginning to retire, an estimated $1.2 trillion in business assets are poised to change hands – the largest turnover of economic control in generations.

SPEAKERS

 Ed Giacomelli, Managing Director 

With  over 25 years of experience in investment banking, corporate finance and capital markets, Ed has advised public and private clients on domestic and cross-border engagements, including leading M&A transactions, raising capital and providing independent financial and strategic advice.  His clients have included entrepreneurs, family-owned businesses, public and private companies. Ed is a media commentator and speaker on M&A trends and capital markets. He has served as a director of public and private companies and is on the President’s Council of St. Michael’s Hospital Foundation.  Ed holds an HBA and MBA from the Ivey School of Business, University of Western Ontario.

Ian Macdonell, Managing Director 

Ian has 20 years’ experience in a broad range of investment banking activities in both Canada and the United Kingdom. Prior to joining Crosbie, he was Executive Director, Corporate Finance at CIBC Wood Gundy Securities and Vice President, Corporate Finance at RBC Dominion Securities. He has played a primary role in numerous merger & acquisition advisory assignments and public and private debt and equity financings across a variety of different industries. He graduated from Queen’s University with a BSc in chemical engineering and completed his MBA at the Ivey School of Business at the University of Western Ontario.

Jeffrey Ng, CFA,  Vice President

Jeffrey has over 10 years of investment banking and corporate finance experience  including advising private and public companies across a wide range of industries in various M&A, financing, valuation, and other board advisory mandates.  Prior to joining Crosbie, he spent over 5 years at Wachovia Capital Finance of Canada.  Jeff has a Bachelor of Business Administration degree from the School of Business and Economics at Wilfrid Laurier University, and is a Chartered Financial Analyst.

WHO SHOULD ATTEND

Investors in public and private companies, investment bankers and analysts.

 To Book:  or go to http://www.cfatoronto.ca/

Get advice from one of Canada's M&A corporate finance experts - Ed Giacomelli,

Get advice from one of Canada's M&A corporate finance experts - great show with Ed Giacomelli, Crosbie, on BNN.
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Recovery of US Car Sales

Good news as early signs show the US economy is getting going again. The Globe & Mail sum up the car sales and the impact on Canada:

 the recovery of U.S. sales from the depths of the recession is creating strong demand for the cars, crossovers and minivans cranked out by auto makers’ assembly plants in Ontario, many of which are running on overtime. The U.S. market is the destination for about 80 per cent of the vehicles that come off the assembly lines operated by the five manufacturers that build vehicles in Ontario.

“The biggest driver of this year’s story is going to be replacement [demand],” Ken Czubay, vice-president of U.S. marketing, sales and service for Ford Motor Co. said Friday. “When the fleet is 11 years old, you can imagine the fuel economy that they used to get on an 11-year-old vehicle. They are now getting significantly better fuel economy,” Mr. Czubay told analysts and reporters on a conference call.

Kurt McNeil, vice-president of U.S. sales operations for General Motors Co., pegged the January sales rate at 15.3 million, up about 14 per cent from January, 2012, and 50 per cent from January, 2010.

“This says to us that we continue to recover strongly from the recession despite the headwinds of higher taxes and lower government spending,” Mr. McNeil said on GM’s conference call.

Both Ford and GM reported double-digit increases as did Chrysler Group LLC, Honda Motor Co. Ltd. and Toyota Motor Corp.