In November 2016 First West Capital was involved in a panel discussion at ACG Capital Connection in Toronto addressing trends in the mergers and acquisitions (M&A) market, which has seen an increase in activity. Transactions with an M&A component, such as strategic M&As, partner buyouts, management buyouts (MBOs) and leveraged buyouts (LBOs), have become favorable for sellers due to high valuation multiples – thanks to low interest rates and strong availability of capital from lenders and private equity firms. For strategic buyers, low organic growth rates and succession planning are driving increased M&A activity. Continue Reading
The Chinese economy is slowing down. It is hardly alone – much of the world has experienced economic tumult and uncertainty over the last two years. In China’s case, the economy is undergoing a fundamental shift away from infrastructure and development to consumption-based growth, similar to what drives most advanced economies. The impact of this transition is being felt globally. The resource-dependent economies of Western Canada are being particularly hard hit, at least in the short term.
Article written by Max Fawcett of Alberta Oil Magazine (November 10, 2015)
As Kenny Rogers once said, you’ve got to know when to hold them and know when to fold them. But when it comes to energy service companies making a key decision about the future of their business right now, holding and folding could end up being the exact same thing. Continue Reading
The rapid decline of the price of crude oil over the last nine months has had a significant impact on the economy in Alberta and throughout Canada. We’ve all been affected by the decrease in the price of gas at the pump, the increasing Canadian dollar, and government and monetary policy. But there has been no greater affect than on the oil and gas industry in Alberta; they have had to make some important adaptations in order to manage during this downturn. Continue Reading
Managing your foreign currency risk
Operating a business is complicated, and if you are the kind of firm that operates over sovereign borders you likely experience a whole new level of complexity. When doing international business it’s critical for you to be supported by a talented team of partners to assist with legalities, tax regimes and currency considerations. Lawyers can help you with the legal matters, accountants can help you with the tax issues, and your banker can help you with your currency needs. Continue Reading