Conveniently, as the market is heating up, a new trend has been
sparked in the M&A world: corporate matchmaking. In
practice, this movement is exactly what it sounds like:
it's basically a form of online dating... but for
There are now a variety of platforms that allow CEOs to offer
global business opportunities, such as a potential M&A deals,
to possible corporate suitors online. Banks, financial companies,
and other M&A advisors pay a fee to access the platforms and
then offer the opportunities to their client members.
One such company is The
Opportunity Network. The Opportunity Network is a digital
platform which allows users to publish strategic business
opportunities (provided each opportunity is worth over $1 million)
on an anonymous basis. The posts can be accessed by reputable
financial institutions or service providers who communicate those
opportunities to prospective buyers. Interested buyers may then
take the next steps to connect with sellers via email.
MergersClub offers a similar corporate matchmaking service to
its members. The MergersClub is a free service available to M&A
professionals, and offers a private and secure online space within
which members may connect, build their respective networks, share
mandates, and accelerate their deal making processes. The platform
enables members to quickly and effectively explore thousands of
mandates (including on an international scale) with a view to
uncovering potential counterparties for a transaction and
uploading, reviewing, and even buying or selling mandates.
Finally, DealNexus is yet another example of corporate
matching at work. The DealNexus platform facilitates corporate
document sharing and allows transactions to pass through a secure
cloud. Large-scale mergers and acquisitions are just one of the
endeavors it facilitates, providing members immediate access to an
extensive network comprised of thousands of strategic and financial
acquirers and capital partners.
So will these new online corporate matchmaking platforms lead to
increased M&A dealmaking? As with most things, only time will
tell, but in the meantime we recommend that both potential suitors
and their targets do their due diligence.
The author would like to thank Gillian Moore, summer
student, for her assistance in preparing this legal
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Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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