The mixed outlook is understandable. After a blockbuster 2021 that produced one of the best capital markets ever, in virtually all sectors, the number of transactions completed fell 41 per cent to 398 in 2022, the lowest since 2015, according to figures collected by Financial Post Data.Article content
Jeff Singer, a capital markets and M&A practitioner who is Stikeman Elliott LLP’s chair, said “we haven’t yet felt the brunt of the contraction,” but that firms are finding ways to keep busy.Article content On the underwriter side, McCarthys came out on top with 24.78 per cent share or $16.65 billion, followed by Torys , Osler , Fasken Martineau DuMoulin and Norton Rose .Article content
“Our firm handled the downturn very well,” he said by email. “Our M&A and private equity groups were busy given the strength in mining and energy transition sectors and the rise in real estate volatility, predominantly due to value resets and increased borrowing costs.”